VIETNAM GS INDUSTRY ONE-MEMBER LIMITED LIABILITY COMPANY

VIETNAM GS INDUSTRY ONE-MEMBER LIMITED LIABILITY COMPANY (CÔNG TY TNHH MỘT THÀNH VIÊN VIỆT NAM GS INDUSTRY), or VGSI, is a South Korean-invested enterprise shaping the urban and industrial landscapes of Vietnam through bold infrastructure development and diversified manufacturing. Officially registered with Tax Code 0304986867, the company’s headquarters is located on the 25th Floor of Tower A, Lot 1-13, Functional Area No. 1, Tran Bach Dang Street, Thu Thiem Ward, Thu Duc City, Ho Chi Minh City. It also operates large-scale factories in Dong Nai and Ba Ria - Vung Tau, critical hubs for Vietnam's industrial growth.

Founded in 2007, VGSI is a wholly owned subsidiary of GS Engineering & Construction Corp. (Korea), and has since become a formidable player in Vietnam’s real estate and construction markets. Its business spans investment in urban projects, construction of infrastructure, and manufacturing of industrial materials such as aluminum formwork, elevators, gypsum boards, and PHC piles.

Financially, the company’s performance in 2023 reveals a dramatic resurgence. Despite a slight decline in assets to USD 367.35 million, VGSI reported USD 172.39 million in revenue, representing a staggering 517.95% year-over-year increase . More notably, after two years of heavy losses, the company returned to profitability with USD 13.91 million in net income, signaling a potential turning point in its operational strategy. However, owner’s equity remains in the red at USD -8.07 million, highlighting ongoing capital structure concerns that merit careful monitoring through Business Verification Services and Private Financial Data Analysis.

General Directors Yang Seung Ho and Lee Hang Jun, both South Korean nationals, lead a team of approximately 800 employees. Under their direction, VGSI has expanded from traditional real estate ventures into industrial manufacturing—a move that aligns with Vietnam's rapid urbanization and demand for construction materials and smart infrastructure.

Given the high financial volatility and structural scale of this enterprise, clients, insurers, and partners are advised to conduct Litigation Checks, Risk Management Services, and full Vietnam Company Reports to gain an accurate and comprehensive picture before entering into any contractual engagement. These services are offered by VANGUARD BUSINESS INFORMATION LLC (VBI), a trusted provider in verifying Vietnamese and FDI entities.

In short, VGSI is not just building projects—it is navigating risk, capital, and opportunity in one of Southeast Asia’s most dynamic emerging markets.