VIET NAM APATITE - PHOSPHORUS JOINT STOCK COMPANY

VIET NAM APATITE - PHOSPHORUS JOINT STOCK COMPANY is a key industrial enterprise in Vietnam’s upstream chemicals sector, specializing in phosphorus-based products derived from apatite resources in the northern region.

Legal status and corporate background

VIET NAM APATITE – PHOSPHORUS JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN PHỐT PHO APATIT VIỆT NAM) operates as a publicly held joint stock company, registered with the Lao Cai Province Department of Finance. The company was incorporated in January 2014 and remains in active legal status, with more than a decade of continuous operation. Its charter capital is approximately USD 10.3 million, fully paid, and the company’s shares are traded on the UpCOM market under the ticker PAT. The workforce comprises around 250 employees, reflecting a mid-sized but capital- and technology-intensive industrial operation.

Ownership structure and governance

A notable feature of the company is its shareholding structure, led by Duc Giang Lao Cai Chemicals Limited Company, which holds a controlling stake of over 50%. Individual shareholders and other minority investors hold the remaining shares. This structure positions the company firmly within the Duc Giang Chemicals ecosystem, enabling strategic alignment across raw materials, technology, and downstream chemical markets.

Management and key personnel

The company is chaired by Mr. Dao H. H., who oversees strategic direction and governance. Executive management is led by Mr. Dang T. D., Director, supported by Mr. Nguyen H. C., Deputy Director. The leadership team combines long-standing experience in the chemical and mining-related industries, which is critical given the technical complexity and regulatory requirements of phosphorus production.

Core business activities

VIET NAM APATITE – PHOSPHORUS focuses on the manufacture of basic chemicals, with core products including yellow phosphorus, phosphorus slag, and ferro-phosphorus. Its production facilities are located in Tang Loong Industrial Park, Lao Cai Province, an area closely linked to Vietnam’s apatite mining resources. In addition to manufacturing, the company has registered activities in mining support and freight transport, enabling greater control over its supply chain and logistics.

General financial profile

From a financial perspective, the company operates at a high-turnover industrial scale. Total assets are approximately USD 38 million, while annual sales are around USD 71 million, indicating strong revenue generation relative to asset size. Equity stands at roughly USD 23 million, providing a solid capital base. Profitability remains robust, with net profit exceeding USD 10 million, although earnings have shown some volatility in line with commodity price cycles and cost movements. Working capital is positive and improving, supporting operational liquidity.

Industry position and operational characteristics

As one of the few listed enterprises in Vietnam focused specifically on phosphorus and apatite-based chemicals, the company holds a strategic position in the domestic chemicals and fertilizer-related supply chain. Its close integration with a major chemical group, combined with access to local mineral resources, positions it as a significant upstream supplier to downstream chemical and industrial users.