VISSAI NINH BINH JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN VISSAI NINH BÌNH): A Pillar in Vietnam's Cement Industry

VISSAI NINH BINH JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN VISSAI NINH BÌNH), registered under tax code 2700280638, is a major player in Vietnam’s cement and construction materials sector. Legally established as a joint stock company, VISSAI NB JSC was incorporated on February 20, 2004, and is headquartered at Plot C7, Gian Khau Industrial Park, Gia Tran Commune, Gia Vien District, Ninh Binh Province, Vietnam. The company remains privately held and actively operates with over 21 years of experience in the industry.

The enterprise’s core business focuses on the manufacture of cement and clinker, while it also maintains a diverse portfolio of secondary activities including mining, textile production, power generation, civil construction, and even tourism services. This strategic diversification reflects its ambition to expand beyond traditional heavy industry.

VISSAI NB JSC is led by Mr. Hoang M.T, who serves as Chairman and is the majority shareholder, holding 78.04% of the company’s ownership. Supporting him are Mr. Hoang M.Tu, the Director, and Mr. Hoang M.Ta, the Deputy Director, both of whom bring leadership continuity and operational oversight. The company employs approximately 1,500 staff members across its divisions.

From a financial standpoint, the company reported total assets of USD 485.25 million at the end of 2023, marking an 8.24% year-over-year growth. However, its sales revenue declined to USD 182.33 million, reflecting a notable 18.6% drop compared to 2022. Most striking is the sharp fall in profit, which decreased by more than 90%, totaling just USD 3.28 million in 2023—a significant drop from the previous year’s USD 35.57 million. This decline indicates operational challenges, possibly from input cost pressures or reduced market demand.

Despite the recent contraction in revenue and profit, VISSAI NB JSC maintains a solid equity base of USD 193.84 million and a charter capital of USD 187.03 million, of which USD 185.63 million is paid up. Its consistent investment in assets and equity underscores long-term confidence in the sector.

Overall, VISSAI NINH BINH JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN VISSAI NINH BÌNH) remains one of Vietnam’s foundational cement manufacturers, navigating a complex market with a mix of resilience and ambition. Future growth will likely depend on strategic cost control, market recovery, and leveraging its diversified business lines for stability.