VIET SUPPLY TRADE AND SERVICE JOINT STOCK COMPANY

VIET SUPPLY TRADE AND SERVICE JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN DỊCH VỤ THƯƠNG MẠI VIỆT SUPPLY) is a relatively young joint stock company making notable strides in the industrial supply sector in Vietnam. Officially registered on October 21, 2020, the company has been operating for over four years and is legally incorporated with tax code 2700914387 under the authority of the Ninh Binh Province Department of Planning and Investment.

Headquartered at Unit 1005, 10th Floor, GELEX Building, No. 52, Le Dai Hanh Street, Le Dai Hanh Ward, Hai Ba Trung District, Ha Noi City, Vietnam, VIET SUPPLY also maintains a registered address in Ninh Binh Province and a transaction office at Plot C7, Gian Khau Industrial Park. The company's core business revolves around the trade of materials, equipment, and spare parts for the cement industry, with a broad license that includes wholesale trade, electric power activities, tourism services, mining, property trading, and more.

Operating as a privately held joint stock company with a charter capital of approximately USD 2.05 million, VIET SUPPLY is chaired and directed by Mr. Hoang M. T. G., a Vietnamese national who also plays a central role in driving the company’s strategy and partnerships. Financial matters are managed by Mr. Lai P. A., the chief accountant, who also serves as the company’s main contact.

Despite its short operating history, the company has shown impressive financial growth. In the fiscal year ending December 31, 2023, total assets reached USD 143.14 million—up 93.32% from the previous year. Sales revenue climbed to USD 153.69 million, reflecting a 19.65% year-over-year increase. However, profit after tax decreased sharply from USD 1.24 million in 2022 to USD 302,876 in 2023, a decline of 75.52%, suggesting rising operational costs or margin pressures during the year. Owner’s equity stood at USD 3.59 million by the end of 2023, up slightly by 9.2%.

The company currently employs a modest team of 22 people but leverages the strong backing of its majority shareholder, VISSAI NINH BINH JOINT STOCK COMPANY, which owns 99.6% of shares. This strategic relationship provides stability and a solid client base, particularly in the cement sector.

As a dynamic enterprise operating in Vietnam’s evolving industrial ecosystem, VIET SUPPLY TRADE AND SERVICE JOINT STOCK COMPANY has positioned itself to capitalize on infrastructure and energy-related projects. Its rising revenue and asset growth highlight strong demand for its products and services, although the company must address profitability challenges to ensure long-term financial sustainability.