Nhat Nam Joint Stock Company (Vietnam)

Founded in 2007, the subject is principally engaged in trading kinds of steel such as steel pipes, steel shapes, steel coils, steel wire, etc. It is known as the first level agent of VIS (Vietnam - Italy Steel), which regularly occupies about 99% of its total turnover as a revelation from the company's Chief Accountant. In addition, it serves domestic customers with some other brands: Hoa Phat and VGS (Vietnam - Germany Steel), ... According to the Chief Accountant, its products are mostly supplied to construction projects. Last year, due to receiving many big projects, the consumption volume increased by about 60%-70% over the year 2021, and together with an increase in the steel price, the subject obtained very impressive revenue growth. The operation this year has had signs of remarkable depression because of the economic recession's impact and a decline in the steel price. As shared, the revenue for the first 06 months has attained just VND 800 billion, going down by nearly 43% over VND 1,400 billion in the same period last year.On the legal form, the subject has raised the charter capital to VND 50 billion from VND 35 billion previously since late Mar 2023 to supplement the working capital. The financial structure is expected to enhance accordingly.On the legal form, the subject has raised the charter capital to VND 50 billion from VND 35 billion previously since late Mar 2023 to supplement the working capital. The financial structure is expected to enhance accordingly.