VIETNAM POLYSTYRENE COMPANY LIMITED

VIETNAM POLYSTYRENE COMPANY LIMITED (CÔNG TY TNHH POLYSTYRENE VIỆT NAM) was established on September 28, 2006, and operates as a wholly foreign-owned enterprise located in Dong Xuyen Industrial Park, Rach Dua Ward, Vung Tau City, Ba Ria – Vung Tau Province, Vietnam. The company is registered under Business ID 3500766119 with the Ba Ria – Vung Tau Department of Planning and Investment, and remains active after nearly two decades of operation.

The company specializes in manufacturing plastics and synthetic rubber in primary forms, mainly producing BPO, EPS, GPPS, and HIPS plastic granules. These products are widely used in the packaging, construction, and household goods industries, serving domestic and export markets. VIETNAM POLYSTYRENE CO., LTD plays a key role in Vietnam’s petrochemical supply chain, bridging raw material manufacturing with downstream plastic product producers.

It is a one-member limited liability company (FDI) fully owned by PSTV Holdings Limited, registered in the British Virgin Islands, with a charter capital of approximately USD 3.67 million. The company employs around 140 staff members.

In 2023, VIETNAM POLYSTYRENE recorded total assets of USD 39.4 million, up 23.26% from 2022, and equity of USD 14.43 million, a 2.5% increase year-on-year. However, sales fell 16.8% to USD 106.7 million, while net profit declined sharply by 65.4% to USD 1.24 million, reflecting pressure from lower global plastic demand and volatility in raw material prices. Working capital remained positive at USD 9.89 million, signaling continued liquidity and stable short-term operations.

The company’s leadership team includes Chairman Mr. Ko C. M., General Director Mr. Yu T. M., and Deputy General Director Mr. Lin Y. K., all of Taiwanese nationality, representing long-standing experience in the regional plastics industry.

Despite profit contraction in 2023, VIETNAM POLYSTYRENE COMPANY LIMITED maintains a solid asset base, strong capital structure, and stable ownership. The company continues to operate efficiently within the cyclical petrochemical market, adapting to shifts in global demand and raw material price trends. Its two-decade presence underscores its reliability as one of Vietnam’s consistent players in primary plastic manufacturing.