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VINAUSTEEL COMPANY LIMITED

Active

Business ID 0200108811

84-225 / 3850 145

VINAUSTEEL COMPANY LIMITED

Active

Business ID 0200108811

84-225 / 3850 145

VINAUSTEEL COMPANY LIMITED

Active

Summary

Name:

VINAUSTEEL COMPANY LIMITED

Business ID (TIN):

0200108811

Date of Registration:

28 Jun 1994

Registered Office:

Hai Phong Department of Planning and Investment

Address:

Km9, Vat Cach, Quan Toan Ward, Hong Bang District, Hai Phong City, Vietnam

Phone:

84-225 / 3850 145

Fax:

(84-225) 3850 140

Financial Statement:

2020, 2021, 2022, 2023, 2024

VINAUSTEEL Company Limited, headquartered in Hai Phong City, stands as a long-established foreign-invested enterprise in Vietnam’s steel industry. With a history spanning over 30 years since its registration in June 1994, the company has built its reputation on manufacturing high-quality construction-grade steel, particularly rebar of sizes D10 to D32. Its strategic location in Vat Cach, a renowned industrial hub in northern Vietnam, enables it to serve both domestic and international markets efficiently, supported by representative offices in Hanoi and Ho Chi Minh City.

Legally registered as a one-member limited liability company, VINAUSTEEL operates with a charter capital of approximately USD 5.82 million. As of the end of 2023, the company maintains its active status with full paid-in capital. It is a joint venture between foreign and domestic interests, with 70% owned by Vietnam Industrial Investments Ltd., a firm based in Perth, Australia, and the remaining 30% held by Viet Nam Steel Corporation, a major Vietnamese state-owned enterprise. This shareholder structure reflects the collaborative nature of Vietnam’s industrial development, blending foreign capital with local state-backed support.

Leading the company is Mr. Ngo D. K., who holds the dual role of General Director and Deputy General Director. Supporting him in financial oversight is Ms. Bui T. H., the Chief Accountant. Together, this executive team oversees a workforce of 280 employees. The management appears to operate with a hands-on structure, where leadership roles are concentrated and decision-making is closely tied to key individuals—characteristic of many joint-venture manufacturing firms in Vietnam.

From a financial standpoint, VINAUSTEEL experienced a sharp contraction in 2023. Total assets declined slightly to USD 33.26 million, marking a third consecutive year of asset reduction. While the company's owner's equity grew modestly by 5.2% to USD 7.71 million, sales revenue dropped significantly by over 30% to USD 153.67 million. More striking was the collapse in profitability, with net profit plummeting from over USD 3.3 million in 2022 to just USD 381,414 in 2023—a staggering 88.64% decrease. This trend suggests the company is struggling to manage operational costs or suffering from weakened demand in the construction steel market, possibly linked to broader economic slowdowns or shifts in Vietnam’s infrastructure investment cycle.

Despite these financial setbacks, the company maintains a positive working capital of USD 8 million, indicating that its short-term liquidity position remains stable for now. However, the overall erosion of profits and the multi-year decline in assets raise important questions about future investment, competitiveness, and whether the company is effectively positioned to weather further headwinds in the construction and industrial materials sectors.

VINAUSTEEL’s challenges are emblematic of a broader trend in Vietnam’s steel industry, which faces overcapacity, increased competition, and exposure to global commodity price fluctuations. Yet its deep-rooted presence, international backing, and technical focus provide a potential platform for recovery—should the company realign its strategy and improve operational efficiency. The next few years will be critical in determining whether VINAUSTEEL can reclaim its growth momentum or continue navigating the margins of a highly volatile industry.

Legal Profile

English Name:

VINAUSTEEL COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH MỘT THÀNH VIÊN VINAUSTEEL

Business ID (TIN):

0200108811

Date of Registration:

28 Jun 1994

Registered Office:

Hai Phong Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGO D.K

+ BUI T.H

Address:

Km9, Vat Cach, Quan Toan Ward, Hong Bang District, Hai Phong City, Vietnam

Phone:

84-225 / 3850 145

Fax:

(84-225) 3850 140

Representative office:

3rd Floor, CT4 Vimeco Building, Nguyen Chanh Street, Trung Hoa Ward, Cau Giay District, Ha Noi City, Vietnam

Representative office:

Indochina Park Tower, No. 4, Nguyen Dinh Chieu Street, District 1, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

2591 Forging, pressing, stamping and roll-forming of metal; powder metallurgy

NACE:

25.50 Forging, pressing, stampingand roll-forming of metal; powder metallurgy

NAICS:

3321 Forging and Stamping

Industry Sales Growth

CAGR (2019 - 2023)

0.20%

YoY (2023)

-6.75%

Companies by industry

Company distribution and propportions

1,128

0.0388%

Key Industry Players

Top 10 companies in forging, pressing, stamping and roll-forming of metal; powder metallurgy industry

vinausteel company limited hoa phat mechanism manufacturing co.,ltd saigon steel service & processing co., ltd thanh huyen produce service trading one member company limited nam hung metal joint stock company vietnam gem electronic and metal co., ltd hiep huong co.ltd (translated name) an khanh steel company limited - dong nai branch viet nam chuangxing aluminium company limited cuong phat dst steel company limited

Payment History

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Financial Performance

Assets	8.82%
Owner’s Equity	56.14%
Working Capital	92.49%
Net Worth	-18.19%
Sales	-54.37%
Operating income	-94.57%
EBIT	10.57%
Gross Profit Margin	23.23%
Debt to EBITDA	86.71%

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Litigation Records; Negative News

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Specific Questions About VINAUSTEEL COMPANY LIMITED

When did VINAUSTEEL COMPANY LIMITED start operating?

VINAUSTEEL COMPANY LIMITED was started in 28 Jun 1994

What industry does VINAUSTEEL COMPANY LIMITED operate in?

VINAUSTEEL COMPANY LIMITED is operating in "Forging, pressing, stamping and roll-forming of metal; powder metallurgy" industry

How can I contact VINAUSTEEL COMPANY LIMITED?

VINAUSTEEL COMPANY LIMITED phone numbers is 84-225 / 3850 145

What adverse news is there about VINAUSTEEL COMPANY LIMITED?

VINAUSTEEL COMPANY LIMITED’s has 1 bad news

What is stock symbol of VINAUSTEEL COMPANY LIMITED?

VINAUSTEEL COMPANY LIMITED is not listed company

Where is the location of VINAUSTEEL COMPANY LIMITED?

VINAUSTEEL COMPANY LIMITED is located at Km9, Vat Cach, Quan Toan Ward, Hong Bang District, Hai Phong City, Vietnam

What is VINAUSTEEL COMPANY LIMITED’s business registration?

VINAUSTEEL COMPANY LIMITED business registration is 0200108811

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