VNSTEEL - SOUTHERN STEEL COMPANY LIMITED

VNSTEEL - SOUTHERN STEEL COMPANY LIMITED (Business ID: 3502269994) stands as a key player in Vietnam’s steel manufacturing industry. Located at Phu My 1 Industrial Park, Phu My City, Ba Ria - Vung Tau Province, Vietnam, this state-invested enterprise has over a decade of experience in producing and trading iron, steel, and cast iron products. With a robust infrastructure and strategic positioning, the company continues to be a crucial supplier for both domestic and international markets.

According to the latest Company Report compiled by Vanguard Business Information LLC (VBI), VNSTEEL - SOUTHERN STEEL COMPANY LIMITED maintains an active operation status with a strong workforce of 600 employees. The company’s ownership lies fully with Vietnam Steel Corporation, emphasizing its importance within the national industrial framework.

Financial Performance and Trends

As per VBI's Financial Data, in 2023, VNSTEEL - SOUTHERN STEEL COMPANY LIMITED recorded total assets of USD 149.87 million, sales revenue of USD 356.04 million, and a working capital of USD 28.33 million. Despite a significant drop in sales compared to the previous year (YoY ▼ 26.5%), the company remarkably improved its profitability, achieving a net profit of USD 2.52 million, marking a 114.14% growth from 2022. This recovery showcases effective internal adjustments and strong operational resilience—key factors relevant to any Risk Managementassessment.

Nevertheless, a decline in owner’s equity by 5.06% raises concerns about long-term capital stability, emphasizing the importance of regular Business Verification Services to monitor financial health. Companies seeking partnerships or credit lines with VNSTEEL - SOUTHERN STEEL COMPANY LIMITED would benefit from ongoing monitoring through VBI’s Risk Management solutions.

Legal and Management Profile

VNSTEEL - SOUTHERN STEEL COMPANY LIMITED operates as a One-Member Limited Liability Companyregistered on December 10, 2014. Its Charter Capital and Paid-up Capital stand at approximately USD 41 million.
The leadership team includes:

• Chairman: Mr. Le Song Lai

• General Director: Mr. Nguyen Nguyen Ngoc

• Chief Accountant: Ms. Tran Thi Dung

These key figures, verified through VBI’s Business Verification Services, ensure professional management and operational continuity.

Business Scope and Activities

Beyond steel manufacturing, the company engages in:

• Wholesale of metals and metal ores

• Specialized wholesale

• Storage and freight transport

• Wholesale of fuels and related products

Its diverse portfolio provides a stable revenue base but also demands comprehensive Risk Management to tackle market fluctuations and logistical challenges.

Conclusion

For businesses, investors, or financial institutions, understanding the complete profile of a major industrial player like VNSTEEL - SOUTHERN STEEL COMPANY LIMITED is essential. By utilizing VBI’s Company Report, Financial Data, and Business Verification Services, stakeholders can make informed decisions, mitigate risks, and maximize opportunities in Vietnam’s dynamic steel industry.

Vanguard Business Information LLC (VBI) remains committed to delivering accurate, reliable, and actionable information to support your Risk Management and investment strategies in Vietnam and worldwide.