Founded in 2011, the subject specializes in manufacturing steel billets from steel scrap. Its products are provided to steel manufacturers in the Northern provinces. Hoa Phat, Tisco and Viet Duc Steel are the large clients of the company. According to the subject's accountant, the subject has no direct import-export activities. Thanks to the increase of production capacity and the high growth of steel prices, net sales increased strongly by 98.88% in 2021 to VND 990.8 billion. However, in 2022, the subject repaired and upgraded its factory to increase production capacity by 50%. Therefore, its factory had to temporarily cease operation for 4 or 5 months of 2022. As a result, net sales decreased by 30.20% to VND 691.6 billion last year. Thanks to the expansion of production capacity, revenue in the early months of 2023 was clearly higher than in previous years. Although there is a signal of decrease compared to the beginning of the year, the current production capacity is still about 9,000 tons per month, she added.
Headquarters
Hung Vi Hamlet, Dong Van Commune
Ha Giang; North Eastern Vietnam;
Postal Code: 15000
Contact Details: Purchase the Viet Nga Steel Product and Trading Company Limited (Cong Ty Tnhh San Xuat Va Thuong Mai Thep Viet Nga) report to view the information.
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