VINH TUONG INDUSTRIAL COMPANY LIMITED NORTHERN VIET NAM

VINH TUONG INDUSTRIAL COMPANY LIMITED – NORTHERN VIET NAM (Vietnamese name: CÔNG TY TNHH CÔNG NGHIỆP VĨNH TƯỜNG MIỀN BẮC VIỆT NAM) is a well-established industrial manufacturer supplying building-material systems to Vietnam’s construction sector. The company was registered on 09 May 2006under Business Registration Number / Tax ID: 0900251447 and operates as a foreign-invested, one-member limited liability company, wholly owned by Vinh Tuong Industrial Corporation.

Headquartered in Hung Yen Province, with a representative office in Ha Noi, Vinh Tuong Northern Vietnam plays a strategic role in serving northern and central construction markets. Its core activities focus on the manufacture of gypsum boards, ceiling systems, and related construction materials, positioning the company at the intersection of industrial production and real-estate development cycles. With around 300 employees, the company operates at a scale that supports consistent supply to large contractors and distributors rather than project-by-project execution.

Operational leadership is centralized under Dang M. P., Director, reflecting a management structure aligned with group-level strategy and standardized production processes. As a wholly owned subsidiary, the company benefits from shared technology, branding, and procurement within the Vinh Tuong group.

Financially, Vinh Tuong Northern Vietnam shows a highly efficient manufacturing profile. In 2023, the company generated approximately USD 84.8 million in sales and USD 8.2 million in net profit, translating into an extreme profit-to-equity ratio given equity of USD 5.3 million. While revenue softened slightly year-on-year, assets and equity expanded sharply, and working capital improved markedly, indicating reinvestment and internal capital strengthening rather than financial stress.

Overall, Vinh Tuong Northern Vietnam stands out as a profitable, production-focused building-materials supplier, less exposed to speculative real-estate risk than developers, yet closely tied to long-term construction demand in northern Vietnam.