PROLooking for more than just a company report? Upgrade to Pro now

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY

Active

Business ID 0800740412

84-220 / 3523 688 / 3523 188 / 3523 166

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY

Active

Business ID 0800740412

84-220 / 3523 688 / 3523 188 / 3523 166

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY

Active

Summary

Name:

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY

Business ID (TIN):

0800740412

Date of Registration:

03 Aug 2009

Registered Office:

Hai Phong City Department of Finance

Address:

Zone 2, Nhi Chieu Ward, Hai Phong City, Vietnam

Phone:

84-220 / 3523 688 / 3523 188 / 3523 166

Financial Statement:

2020, 2021, 2022, 2023, 2024

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY (VNRM) was established on August 3, 2009, under Business ID: 0800740412, registered with the Hai Duong Province Department of Planning and Investment. The company’s head office is in Zone 2, Phu Thu Ward, Kinh Mon Town, Hai Duong Province, Vietnam, a region recognized for heavy industry and metallurgy.
VNRM is a foreign direct investment (FDI) enterprise with a charter capital of USD 9.22 million and a workforce of approximately 450 employees. It is 80% owned by Golden Resources International Group Corporation (British Virgin Islands). At the same time, the remaining shares are held by Tan Phu Xuan JSC and Tan An Co., Ltd. (both Vietnamese companies, each owning 10%).

Leadership and Management

The company is chaired by Guo Y. M., with Yuan K. serving as General Director and Yu Y. H. as Deputy General Director. All Chinese nationals have professional metallurgy and materials processing backgrounds, indicating strong foreign management influence and technical oversight.

Core Business and Operations

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY specializes in the manufacture of ferroalloys, iron, steel, cast iron, and secondary metal products. Its operations contribute to the local supply of raw materials for steel production, an industry closely tied to Vietnam’s construction and manufacturing growth.

Financial Highlights – Recovery Amid Declining Sales

The company’s financial data for FY2023 shows a complex mix of stabilization and challenges.

Total assets stood at USD 40.11 million, a slight 1.59% decline year-on-year.
Owner’s equity improved by 5.33%, reaching USD 10.72 million, reflecting capital retention and prudent management.
Revenue, however, dropped sharply to USD 107.38 million, a 23.19% decline from 2022, suggesting weakened global steel demand and pricing pressures.
Net profit, conversely, rebounded strongly to USD 543,010, marking a 121.65% increase after suffering a significant loss the previous year.
Working capital remained positive at USD 13.28 million, signaling sound liquidity and operational stability.

The most significant financial indicator is the company’s return to profitability in 2023 following a downturn in 2022. Despite shrinking sales, the positive profit margin highlights successful cost optimization and efficiency improvements within its production and supply chain.

Credit Evaluation and Risk Consideration

From a credit manager’s perspective, VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY shows moderate financial strength. Its solid equity base, foreign backing, and positive profit turnaround support its creditworthiness. However, declining sales revenue and dependency on fluctuating steel markets remain key risk factors.
The company’s foreign ownership structure and export-oriented model suggest resilience, but continued vigilance over working capital utilization and market demand trends is advised.

For clients and investors seeking verified insights into Vietnam’s steel and metallurgy sector, Vanguard Business Information LLC (VBI) offers detailed Company Financial Reports and Due Diligence Analyses on VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY and other major industrial firms—helping partners minimize business risks and ensure informed credit decisions.

Legal Profile

English Name:

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN LUYỆN KIM TÂN NGUYÊN HẢI DƯƠNG VIỆT NAM

Short Name:

VNRM

Business ID (TIN):

0800740412

Date of Registration:

03 Aug 2009

Registered Office:

Hai Phong City Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ GUO Y.M

+ YUAN K

+ YU Y.H

+ TRAN V.L

+ TO V.H

Address:

Zone 2, Nhi Chieu Ward, Hai Phong City, Vietnam

Phone:

84-220 / 3523 688 / 3523 188 / 3523 166

Business Sector

Key business lines:

VSIC:

2410 Manufacture of iron, steel and cast iron

NACE:

24.10 Manufacture of basic iron and steel and of ferro-alloys

NAICS:

3311 Iron and Steel Mills and Ferroalloy Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

4.05%

YoY (2023)

-9.69%

Companies by industry

Company distribution and propportions

1,726

0.0594%

Key Industry Players

Top 10 companies in manufacture of iron, steel and cast iron industry

viet nam steel corporation hoa sen group vas group nghi son joint stock company formosa ha tinh steel corporation smc trading investment joint stock company hoa phat group joint stock company hoa phat hai duong steel joint stock company nam kim steel joint stock company hoa phat hung yen steel limited liability company hoa phat dung quat steel joint stock company

Payment History

Purchase the report to access company details.

Financial Performance

Assets	86.58%
Owner’s Equity	-5.78%
Working Capital	-0.08%
Net Worth	-55.85%
Sales	-32.43%
Operating income	60.83%
EBIT	72.92%
Gross Profit Margin	-68.41%
Debt to EBITDA	-81.10%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY

When did VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY start operating?

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY was started in 03 Aug 2009

What industry does VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY operate in?

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY is operating in "Manufacture of iron, steel and cast iron" industry

How can I contact VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY?

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY phone numbers is 84-220 / 3523 688 / 3523 188 / 3523 166

What adverse news is there about VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY?

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY’s has 2 bad news

What is stock symbol of VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY?

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY is not listed company

Where is the location of VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY?

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY is located at Zone 2, Nhi Chieu Ward, Hai Phong City, Vietnam

What is VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY’s business registration?

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY business registration is 0800740412

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY

VIET NAM HAI DUONG NEW RESOURCES METALLURGY SHAREHOLDINGS COMPANY