VIETNAM LEE & MAN PAPER MANUFACTURING LTD: A Foreign-Owned Industrial Giant in Vietnam’s Paper Sector

VIETNAM LEE & MAN PAPER MANUFACTURING LTD (Vietnamese name: CÔNG TY TNHH GIẤY LEE & MAN VIỆT NAM) has been a dominant force in Vietnam’s industrial manufacturing scene since its establishment on April 25, 2007. Operating under the Business ID and Tax Code 6300034360, the company is legally registered as a one-member limited liability company with 100% foreign direct investment (FDI). It is based in Phu Huu A Concentrated Industrial Cluster - Stage 1, Mai Dam Town, Chau Thanh District, Hau Giang Province, with an additional representative office in Ho Chi Minh City.

Over the past 18 years, VIETNAM LEE & MAN PAPER MANUFACTURING LTD has become a cornerstone in the production of carton paper used for packaging, a sector that underpins various global supply chains. The company is wholly owned by JOINT CREATION LIMITED, an entity based in the British Virgin Islands. With a paid-up capital of USD 257.87 million and a charter capital officially recorded as USD 105 million, it is one of the largest and most heavily invested foreign manufacturers in Vietnam’s paper industry.

The company is managed by General Director Mr. Lee Man Bun, a Chinese national who brings international expertise and strategic vision to the operation. With a lean but efficient workforce of 850 employees, the company continues to deliver large-scale production output while maintaining a focus on innovation and operational control.

Financially, VIETNAM LEE & MAN PAPER MANUFACTURING LTD reported USD 280.19 million in total assetsand USD 231.81 million in sales revenue in 2023. While the sales declined by nearly 15% year-over-year and profit dropped to USD 13.1 million, the company still retains a solid equity base of USD 271 million and net worth of USD 265.4 million. Such fluctuations reflect ongoing volatility in global demand and input costs—a critical area for companies to watch closely.

These figures underscore the importance of financial risk management, particularly for foreign-invested manufacturers operating in dynamic markets. At VANGUARD BUSINESS INFORMATION LLC (VBI), we specialize in providing accurate, real-time financial intelligence and risk assessment services. For firms like VIETNAM LEE & MAN PAPER MANUFACTURING LTD, VBI's services are crucial in helping suppliers, partners, and investors make informed decisions by evaluating profitability trends, working capital stability, and long-term financial health.

Given its scale, international ownership structure, and industrial impact, VIETNAM LEE & MAN PAPER MANUFACTURING LTD continues to play a vital role in Vietnam’s economic development. However, stakeholders should pay attention to its recent decline in revenue and profitability. Partnering with VBI’s comprehensive company reports and risk analytics offers a strategic advantage in mitigating exposure and ensuring sound commercial decisions in this rapidly evolving market.