VISSAI HA NAM JOINT STOCK COMPANY

VISSAI HA NAM JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN VISSAI HÀ NAM) is a long-established industrial manufacturer operating in Vietnam’s cement and building materials sector. Established in August 2010, VISSAI HA NAM JOINT STOCK COMPANY specializes in the manufacture and trading of cement, lime, and plaster, serving both regional construction demand and the broader supply chain of northern Vietnam.

From a legal perspective, VISSAI HA NAM JOINT STOCK COMPANY is a privately held joint stock company registered with the Ha Nam Department of Planning and Investment under Business ID and Tax Code (TIN): 0700507853. The company’s head office and production base are located in Nam Cong Village, Thanh Tan Commune, Thanh Liem District, Ha Nam Province, Vietnam, an area rich in limestone resources and well-suited for cement production. The company employs approximately 640 workers, reflecting its labor-intensive manufacturing operations.

Operationally, VISSAI HA NAM JOINT STOCK COMPANY functions as part of Vietnam’s heavy materials ecosystem, with registered activities extending beyond cement manufacturing to quarrying, concrete production, construction works, and related civil engineering services. This vertically connected business scope allows the company to integrate raw material extraction, processing, and downstream construction demand, although it also increases capital intensity and operating complexity.

Financially, VISSAI HA NAM JOINT STOCK COMPANY operates on a sizeable asset base. In the most recent fiscal year, total assets stood at approximately USD 110.8 million, while sales reached USD 72.5 million, marking a notable recovery in revenue compared to the prior year. However, the company continued to report a net loss of around USD 7.18 million, despite a year-on-year improvement in the magnitude of the loss. Equity declined to USD 23.8 million, and working capital remained negative, highlighting ongoing balance-sheet pressure typical of capital-heavy cement producers amid fluctuating construction demand and energy costs.

Management of VISSAI HA NAM JOINT STOCK COMPANY is led by Lai P. B. as Chairman, with day-to-day operations overseen by an experienced executive and accounting team. Ownership is shared among corporate and individual shareholders, including strategic stakes linked to the broader VISSAI group.

Overall, VISSAI HA NAM JOINT STOCK COMPANY represents a mid-scale cement manufacturer with established production capacity and market presence, operating in a challenging industry characterized by cyclical demand, high fixed costs, and margin volatility. Its recent revenue recovery suggests improving market conditions, while continued financial pressure underscores the importance of cost control, capital structure management, and demand stabilization within Vietnam’s construction materials sector.