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VIETNAM PAPER CORPORATION

Active

Business ID 2600357502

84-24 / 3824 7773 / 3826 0146

VIETNAM PAPER CORPORATION

Active

Business ID 2600357502

84-24 / 3824 7773 / 3826 0146

VIETNAM PAPER CORPORATION

Active

Summary

Name:

VIETNAM PAPER CORPORATION

Business ID (TIN):

2600357502

Date of Registration:

12 Aug 2010

Registered Office:

Ha Noi City Department of Planning and Investment

Address:

25A Ly Thuong Kiet Street, Phan Chu Trinh Ward, Hoan Kiem District, Ha Noi City, Vietnam

Phone:

84-24 / 3824 7773 / 3826 0146

Fax:

(84-24) 3826 0381

Financial Statement:

2020, 2021, 2022, 2023, 2024

VIETNAM PAPER CORPORATION (VINAPACO), officially registered under Business ID: 2600357502, was established on August 12, 2010, by the Ha Noi Department of Planning and Investment. The corporation’s head office is located at 25A Ly Thuong Kiet Street, Phan Chu Trinh Ward, Hoan Kiem District, Ha Noi City, with large-scale production facilities in Phu Tho Province and representative branches in Ho Chi Minh City and Da Nang. With a workforce of 2,600 employees and a charter capital of USD 49.83 million, VINAPACO remains a cornerstone of Vietnam’s paper manufacturing industry.

Leadership and Governance

The company is currently managed by General Director Le C. H., supported by Deputy General Directors Ta D. L.and Nguyen T. Q.. The former Chairman, Hoang Q. L., has resigned, and Cao V. S. is temporarily in charge of the Board of Members. As a wholly state-owned enterprise, VIETNAM PAPER CORPORATION is supervised by the Ministry of Industry and Trade of Vietnam, which owns 100% of the equity. This close state affiliation ensures operational stability and alignment with Vietnam’s national industrial strategy.

Strong Asset Base but Modest Profit Growth

For the fiscal year ending December 31, 2023, VIETNAM PAPER CORPORATION reported total assets of USD 224.49 million, marking a 10.63% decrease from 2022 due to restructuring and reduced inventory levels. Owner’s equity also dropped by 7.83%, totaling USD 57.64 million. Despite these declines, the company maintained sales revenue of USD 106.87 million, which was only 8.42% lower year-on-year, while net profit remained steady at USD 528,288. The company’s working capital of USD 10.6 million reflects improved liquidity, up 256.74% from 2022 — a positive sign for operational efficiency.

From Forestry to Finished Paper: A Complete Value Chain

VIETNAM PAPER CORPORATION operates across the entire value chain, from forestry and pulp production to finished paper products. Its business activities include forestry development, logging, paperboard manufacturing, and chemical processing, supported by technology consultancy and energy generation operations. VINAPACO’s vertically integrated model enables the corporation to control raw materials while ensuring cost efficiency and environmental sustainability.

Expanding Reach Across Vietnam’s Key Industrial Zones

The company’s main factory in Phu Tho Province supplies pulp and printing paper nationwide, while branches in Ho Chi Minh City and Da Nang extend its distribution network to the southern and central regions. With its robust infrastructure, VIETNAM PAPER CORPORATION plays a crucial role in Vietnam’s efforts to localize paper production and reduce dependence on imports.

Outlook and Industry Relevance

Despite moderate profitability, VIETNAM PAPER CORPORATION (VINAPACO) remains vital in the country’s paper and pulp industry. Its long-term strategy emphasizes sustainable forestry, cleaner production technologies, and digital transformation to enhance competitiveness. As global demand for eco-friendly paper increases, VINAPACO’s integrated operations and government backing give it a strong position to capture new market opportunities in domestic and regional markets.

For deeper analysis and due diligence on VIETNAM PAPER CORPORATION or other major state-owned enterprises in Vietnam, Vanguard Business Information LLC (VBI) provides comprehensive Financial and Company Profile Reports to help clients evaluate reliability, minimize risks, and maximize opportunities in trade and investment.

Legal Profile

English Name:

VIETNAM PAPER CORPORATION

Vietnamese Name:

TỔNG CÔNG TY GIẤY VIỆT NAM - CÔNG TY TNHH

Short Name:

VINAPACO

Business ID (TIN):

2600357502

Date of Registration:

12 Aug 2010

Registered Office:

Ha Noi City Department of Planning and Investment

Ownership Status:

State-owned

Operation Status:

Active

Contacts

Key Decision Makers:

+ LE C.H

+ NGUYEN T.Q

+ NGUYEN T.M

+ PHAM M.V

+ MAC M.D

+ TA D.L

+ LE H.T

Address:

25A Ly Thuong Kiet Street, Phan Chu Trinh Ward, Hoan Kiem District, Ha Noi City, Vietnam

Phone:

84-24 / 3824 7773 / 3826 0146

Fax:

(84-24) 3826 0381

Factory Address:

Phong Chau Town, Phu Ninh District, Phu Tho Province, Vietnam

Branch:

No. 9-19, Ho Tung Mau Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, Vietnam

Branch:

Lot H1, Road No. 3, Hoa Khanh Industrial Park, Hoa Khanh Bac Ward, Lien Chieu District, Da Nang City, Vietnam

Branch:

No. 142, Doi Can Street, Doi Can Ward, Ba Dinh District, Ha Noi City, Vietnam

Branch:

No. 672, Ngo Gia Tu Street, Duc Giang Ward, Long Bien District, Ha Noi City, Vietnam

Branch:

Group 13, Viet Quang Town, Bac Quang District, Ha Giang Province, Vietnam

Branch:

Quang Minh Commune, Bac Quang District, Ha Giang Province, Vietnam

Branch:

Hung An Commune, Bac Quang District, Ha Giang Province, Vietnam

Branch:

Tan Quang Residential Group, Tan Yen Town, Ham Yen District, Tuyen Quang Province, Vietnam

Branch:

Hamlet 2 Tan Yen, Tan Thanh Commune, Ham Yen District, Tuyen Quang Province, Vietnam

Branch:

Hamlet 20, Duc Ninh Commune, Ham Yen District, Tuyen Quang Province, Vietnam

Business Sector

Key business lines:

VSIC:

0111 Growing of rice

NACE:

01.12 Growing of rice

NAICS:

11116 Rice Farming

Industry Sales Growth

CAGR (2019 - 2023)

-26.71%

YoY (2023)

21.23%

Companies by industry

Company distribution and propportions

1,292

0.0444%

Key Industry Players

Top 10 companies in growing of rice industry

general commercial and construction joint stock company six four seven aeronautics project construction joint stock company dong nam seed joint stock company thanh chuong company limited (translated name) huong son agricultural cooperative an phu lam joint stock company rich moon company limited vinafarm viet nam joint stock company thien hoa phat trading development company limited

Payment History

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Financial Performance

Assets	97.04%
Owner’s Equity	-0.86%
Working Capital	35.62%
Net Worth	-45.86%
Sales	-6.23%
Operating income	71.45%
EBIT	-84.45%
Gross Profit Margin	55.20%
Debt to EBITDA	-14.06%

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Opinion from Analysts

Specific Questions About VIETNAM PAPER CORPORATION

When did VIETNAM PAPER CORPORATION start operating?

VIETNAM PAPER CORPORATION was started in 12 Aug 2010

What industry does VIETNAM PAPER CORPORATION operate in?

VIETNAM PAPER CORPORATION is operating in "Growing of rice" industry

How can I contact VIETNAM PAPER CORPORATION?

VIETNAM PAPER CORPORATION phone numbers is 84-24 / 3824 7773 / 3826 0146

What adverse news is there about VIETNAM PAPER CORPORATION?

VIETNAM PAPER CORPORATION’s has 45 bad news

What is stock symbol of VIETNAM PAPER CORPORATION?

VIETNAM PAPER CORPORATION is not listed company

Where is the location of VIETNAM PAPER CORPORATION?

VIETNAM PAPER CORPORATION is located at 25A Ly Thuong Kiet Street, Phan Chu Trinh Ward, Hoan Kiem District, Ha Noi City, Vietnam

What is VIETNAM PAPER CORPORATION’s business registration?

VIETNAM PAPER CORPORATION business registration is 2600357502

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VIETNAM PAPER CORPORATION