VIET THANH PLASTIC TRADING AND MANUFACTURING JOINT STOCK COMPANY

VIET THANH PLASTIC TRADING AND MANUFACTURING JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN SẢN XUẤT VÀ THƯƠNG MẠI NHỰA VIỆT THÀNH) is a publicly held enterprise that has grown rapidly into one of the most dynamic players in Vietnam’s plastic manufacturing sector. Established on March 22, 2011, and registered under Business ID 0310710930, the company is headquartered in Tay Ninh Province, with a transaction office in Ho Chi Minh City and multiple factory sites in Tan Duc Industrial Park and Hoang Gia Industrial Cluster.

A Fast-Growing Plastic Manufacturer

The company specializes in manufacturing and trading plastic products, particularly household plastics and primary forms of synthetic rubber. In recent years, it has experienced striking financial expansion. Total assets nearly doubled over the last two fiscal years, while revenue rose sharply, reflecting increased production capacity and stronger market demand. This trajectory positions VIET THANH PLASTIC as a competitive supplier capable of scaling operations to meet domestic and international orders.

Impressive Equity and Profit Recovery

Perhaps the most remarkable development for potential business partners is the company’s equity and profitability surge. Equity grew strongly over the past two years, signaling a healthier capital structure and greater investor confidence. Profit rebounded sharply in 2024 after a decline in 2023, suggesting that the company has successfully controlled costs or improved operational efficiency. This turnaround strengthens its financial credibility and operational resilience.

Strong Shareholder Base and Leadership

The company is chaired by Nguyen V. T., with Phan V. Q. serving as Deputy Chairman cum General Director. It is publicly held and listed under the stock symbol VTZ on the HNX exchange. Major shareholders include Nguyen P. L., Phan V. Q., and Nguyen V. T., with the remainder held by other investors. This ownership structure demonstrates strong internal leadership and public market backing—a factor supporting funding flexibility and governance stability.

Solid Working Capital and Expansion Capacity

Working capital has increased substantially, in line with asset growth. This liquidity strength allows the company to sustain large-scale orders, handle fluctuations in raw material prices, and confidently meet its short-term financial obligations. The company’s presence in Tay Ninh and Ho Chi Minh City, with multiple factory sites, also indicates operational scalability and logistics readiness for supply chain partnerships.

Broad Business Lines and Diversification

Beyond its core business in plastic manufacturing, the company sells machinery, metals, and other household goods; metal machining and coating; logistics and warehousing; and equipment leasing. This diversification adds resilience to its business model, enabling it to weather market shifts in any segment.

What Business Partners Should Note

For potential partners, VIET THANH PLASTIC stands out as a rapidly expanding, publicly listed company with solid financial recovery, high working capital, and a diversified business model. Its impressive equity growth and profit turnaround signal improved economic health and operational capability.

However, the pace of expansion also implies the need for strong internal controls and risk management, especially in capital allocation and inventory management. Any partnership with the company would benefit from its strong production capacity, broad distribution base, and growing market credibility.