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VICOSTONE JOINT STOCK COMPANY

Active

Business ID 0500469512

84-24 / 3368 5828 / 3368 5826 / 3368 6652

VICOSTONE JOINT STOCK COMPANY

Active

Business ID 0500469512

84-24 / 3368 5828 / 3368 5826 / 3368 6652

VICOSTONE JOINT STOCK COMPANY

Active

Summary

Name:

VICOSTONE JOINT STOCK COMPANY

Business ID (TIN):

0500469512

Date of Registration:

02 Jun 2005

Registered Office:

Ha Noi City Department of Planning and Investment

Ticker:

VCS

Address:

Hoa Lac Hi-Tech Park, Thach Hoa Commune, Thach That District, Ha Noi City, Vietnam

Phone:

84-24 / 3368 5828 / 3368 5826 / 3368 6652

Financial Statement:

2020, 2021, 2022, 2023, 2024

VICOSTONE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN VICOSTONE) is a well-established and publicly traded Vietnamese manufacturer of artificial quartz surfaces, known widely both within Vietnam and in international markets. It operates under tax code 0500469512 and is headquartered at Hoa Lac Hi-Tech Park, Thach Hoa Commune, Thach That District, Ha Noi City, Vietnam. With over 20 years of operation since its founding in 2005, VICOSTONE has become a flagship brand in Vietnam’s engineered stone sector and a key player on the Hanoi Stock Exchange under the ticker symbol VCS.

Financially, VICOSTONE remains solid, though recent performance reflects broader pressures in the global construction materials industry. In 2024, the company reported USD 177.56 million in sales, a slight decline of 0.73% from the previous year, following a more significant drop of 23% in 2023. While revenues have contracted, net profit for 2024 remained strong at USD 33.16 million, down only 4.64%, indicating resilient margins and effective cost control. It’s worth noting that this is still lower than the peak profit of over USD 47 million recorded in 2022, suggesting that the company is adjusting to a slower demand environment, possibly due to weakened export markets or a downturn in real estate activity.

VICOSTONE's balance sheet is a major strength. As of year-end 2024, total assets stood at USD 265.68 million, supported by owner’s equity of USD 209.92 million. This represents a very healthy capital structure, with minimal reliance on external debt and a high degree of financial autonomy. Working capital of USD 170.36 million further underlines the company’s strong liquidity and ability to cover operating and short-term obligations without strain.

The company employs 827 staff and has built a vertically integrated operation, with capabilities in stone cutting, finishing, and shaping, supported by a network of branches in Ho Chi Minh City and Da Nang. Its core business—producing and trading artificial quartz—is complemented by other activities like site preparation, furniture manufacturing, and construction services. The company’s broad registration allows it to adapt to market needs, though its brand remains most associated with premium quartz surfaces.

In terms of ownership, A&A Green Phoenix Group JSC holds the controlling stake with 84.15%, while Chairman Mr. Ho Xuan Nang retains a direct stake of 3.74%, reinforcing strategic control and stable governance.

In summary, VICOSTONE JOINT STOCK COMPANY is a financially strong and operationally sound business with a leading market position. While the company has faced declining sales in recent years, it continues to generate substantial profits, maintain robust liquidity, and show excellent balance sheet strength. There are no immediate financial red flags, though stakeholders should monitor continued sales trends to assess whether the company can return to growth. VICOSTONE remains a trustworthy partner and investment in Vietnam’s materials and manufacturing landscape. For independent verification or deeper industry risk analysis, VANGUARD BUSINESS INFORMATION LLC (VBI)provides authoritative insight into firms like VICOSTONE across Vietnam.

Legal Profile

English Name:

VICOSTONE JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN VICOSTONE

Short Name:

VICOSTONE

Business ID (TIN):

0500469512

Date of Registration:

02 Jun 2005

Registered Office:

Ha Noi City Department of Planning and Investment

Ticker:

VCS

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ HO X.N

+ PHAM T.D

+ NGUYEN Q.A

+ TRAN T.T.H

+ NGUYEN C.C

+ LUU C.A

+ DONG Q.T

Address:

Hoa Lac Hi-Tech Park, Thach Hoa Commune, Thach That District, Ha Noi City, Vietnam

Phone:

84-24 / 3368 5828 / 3368 5826 / 3368 6652

Representative office:

B1-00.12A - B1-00.14, M2 Complex Apartment, No. 72, Nguyen Co Thach Street, An Loi Dong Ward, Thu Duc City, Ho Chi Minh City, Vietnam

Representative office:

No. 502-504, Nguyen Huu Tho Street, Khue Trung Ward, Cam Le District, Da Nang City, Vietnam

Business Sector

Key business lines:

VSIC:

2399 Manufacture of other non-metallic mineral products n.e.c.

NACE:

23.9 Manufacture of abrasive products and non-metallic mineral products n.e.c.

Industry Sales Growth

CAGR (2019 - 2023)

10.64%

YoY (2023)

11.90%

Companies by industry

Company distribution and propportions

903

0.0311%

Key Industry Players

Top 10 companies in manufacture of other non-metallic mineral products n.e.c. industry

sika limited (vietnam) vicostone joint stock company casablanca viet nam., jsc style stone joint stock company petrolimex asphalt company limited a&a green phoenix group joint stock company nichias haiphong company limited chc resources vietnam co.,ltd trung hai nghe an group joint stock company htctech company limited

Payment History

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Financial Performance

Assets	-1.53%
Owner’s Equity	27.73%
Working Capital	2.67%
Net Worth	-60.61%
Sales	73.64%
Operating income	60.33%
EBIT	-63.29%
Gross Profit Margin	86.16%
Debt to EBITDA	79.19%

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Specific Questions About VICOSTONE JOINT STOCK COMPANY

When did VICOSTONE JSC start operating?

VICOSTONE JSC was started in 02 Jun 2005

What industry does VICOSTONE JSC operate in?

VICOSTONE JSC is operating in "Manufacture of other non-metallic mineral products n.e.c." industry

How can I contact VICOSTONE JSC?

VICOSTONE JSC phone numbers is 84-24 / 3368 5828 / 3368 5826 / 3368 6652

What adverse news is there about VICOSTONE JSC?

VICOSTONE JSC’s has 4 bad news

What is stock symbol of VICOSTONE JSC?

VICOSTONE JSC’s stock symbol is VCS

Where is the location of VICOSTONE JSC?

VICOSTONE JSC is located at Hoa Lac Hi-Tech Park, Thach Hoa Commune, Thach That District, Ha Noi City, Vietnam

What is VICOSTONE JSC’s business registration?

VICOSTONE JSC business registration is 0500469512

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