VUONG STEEL CO.,LTD

VUONG STEEL CO., LTD (CÔNG TY TNHH THÉP VƯƠNG) is a privately held limited liability company established on January 12, 2011, and registered with the Ho Chi Minh City Department of Planning and Investment. The company is a key player in the wholesale distribution of metals and metal ores, specializing in steel trading and metal processing services. With over 14 years in operation, it has built a strong reputation in Vietnam’s steel supply chain, catering to construction, manufacturing, and industrial sectors. Operating under Tax Identification Number (TIN) 0310572374, the company maintains its head office in District 1, Ho Chi Minh City, with additional representative offices in Districts 5 and 11 to support its expanding market presence.

At the helm of VUONG STEEL CO., LTD is Chairman Nguyen Van Hai, who holds a 75% ownership stake, while Tong Thi Phung owns the remaining 25%. The company operates with a lean but efficient workforce of 15 employees, managing a robust steel trading and processing business.

The company experienced remarkable financial growth in 2023, with total assets surging to USD 506.59 million, an increase of 186.49% compared to the previous year. Revenue also saw significant expansion, reaching USD 711.29 million, up 64.52% year-over-year. While the company returned to profitability after losses in 2022, net profit stood at USD 617,086, reflecting a 113.92% increase. Additionally, owner’s equity rose by 6.31% to USD 10.39 million, demonstrating a strong financial rebound and capital stability.

VUONG STEEL CO., LTD primarily engages in steel trading, wholesale distribution of metals and ores, and metal treatment services such as machining, coating, and processing. By integrating a diverse product portfolio and value-added services, the company remains competitive in Vietnam’s evolving steel industry, supplying construction firms, infrastructure projects, and industrial manufacturers.

Despite the volatility of global steel prices and supply chain disruptions, VUONG STEEL CO., LTD has demonstrated resilience through strategic asset growth and expanded market share. With a strong capital base, increasing revenue, and steady profitability recovery, the company is well-positioned for further expansion in the Vietnamese and regional steel markets.

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