VIET NAM GERMANY STEEL PIPE JOINT STOCK COMPANY

VIET NAM GERMANY STEEL PIPE JOINT STOCK COMPANY (VG PIPE.,JSC), officially registered under Business ID and Tax Code 2500267703, is a leading manufacturer in Vietnam’s steel industry. Established on January 31, 2007, and headquartered in Binh Xuyen Industrial Park, Dao Duc Town, Binh Xuyen District, Vinh Phuc Province, this publicly held joint stock company has maintained an active and resilient presence in the domestic and regional markets. With its stock listed on the HNX under the symbol VGS, VG PIPE is a key player in the casting of iron and steel and the production of construction-grade steel materials.

Chaired by Ms. Nguyen Thi Thanh Thuy, with Mr. Nguyen Huu The serving as General Director and Mr. Dang Dinh Mieng as Deputy General Director, the company boasts a workforce of over 400 employees, including both the parent entity and its subsidiaries. VG PIPE has developed a comprehensive product and service portfolio, encompassing the manufacture of steel pipes, construction steels, cold-rolled steel sheets, and galvanized steel sheets, while also actively investing in real estate development. It maintains branch offices across Hanoi, Long An, and Da Nang to strengthen its nationwide footprint.

From a financial standpoint, VG PIPE reported USD 95.89 million in total assets at the end of 2024, with owner’s equity reaching USD 44.56 million, reflecting a solid capital base. While total sales slightly declined by 3.09% year-over-year to USD 300.8 million, the company managed an impressive 89.18% surge in profit, achieving a net income of USD 4.51 million. This marked improvement highlights VG PIPE’s operational efficiency and resilience amidst a challenging economic climate. The company’s working capital of over USD 11.63 million further reinforces its liquidity and financial stability.

The ownership structure of VG PIPE is notably diverse. While other shareholders hold 43.8% of the shares, major stakeholders include Ms. Nguyen Thi Thanh Thuy (25.67%), Mr. Le Minh Hai (17.13%), Ms. Le Khanh Huyen (8.24%), and Mr. Le Quoc Khanh (5.15%). The company’s registered capital stands at USD 22.97 million, fully paid up as of March 31, 2025.

VG PIPE is not only a manufacturing powerhouse but also an active participant in a broad array of construction and infrastructure sectors. Its registered business activities range from residential and industrial construction, water and electrical works, to telecommunications infrastructure, mining facilities, and freight transport. This wide range of operations demonstrates VG PIPE’s capability as a multi-sector contributor to Vietnam’s economic development.

For businesses, investors, and institutions seeking verified company financial data, risk assessments, due diligence services, and business intelligence, VG PIPE’s profile is accessible through VANGUARD BUSINESS INFORMATION LLC (VBI). As a trusted provider of company reports, VBI empowers stakeholders with reliable insights to support strategic decision-making. Whether evaluating creditworthiness, partnership potential, or market positioning, VBI ensures transparency and accountability in Vietnam’s corporate landscape.