VICASA Steel JSC

VICASA Steel JSC

HHOSE:VCA
6,910.00
VND
+450.00
(+6.97%)
VICASA Steel JSC
HOSE:VCA
(Ho Chi Minh Stock Exchange)

Recent

price

6,910.00

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Capital Structure

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Working Capital

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Business
VICASA Steel Joint Stock Company, formerly known as VNSTEEL - VICASA Joint Stock Company, is a Vietnam-based steel manufacturing enterprise primarily engaged in the production, processing, and distribution of iron, steel, and related metallurgical products. Founded in 1964 and headquartered in Bien Hoa City, Dong Nai Province, Vietnam, the company operates within the basic materials and steel manufacturing sectors, serving civil engineering contractors, commercial and infrastructure developers, residential construction firms, industrial fabricators, and wire-drawing facilities across Southern Vietnam and domestic distribution networks. The company organizes its business operations across steel smelting, rolling, and industrial support activities. Its core product and service portfolio comprises continuous casting square steel billets for hot-rolling applications; hot-rolled deformed reinforcing steel bars (rebar) designed for structural concrete reinforcement; plain round steel bars and wire rods tailored for construction, wire processing, and welding material manufacturing; concrete reinforcing steel coils manufactured under Vietnamese and international standards including TCVN, JIS, and ASTM; sorting, processing, and recycling of ferrous scrap metals; production and commercial distribution of industrial gases, including oxygen and nitrogen; and the trading, fabrication, and technical maintenance of metallurgical machinery, equipment, and industrial spare parts. In recent developments, the company underwent a significant ownership transformation and strategic restructuring following the divestment by Vietnam Steel Corporation (VNSTEEL) in October 2025, during which VNSTEEL completed the sale of its entire 65% controlling equity stake to domestic private investors, terminating its parent-subsidiary relationship and transitioning the enterprise to private ownership. Concurrently, the company has faced major operational transitions driven by the provincial master plan to convert Bien Hoa 1 Industrial Zone into an urban commercial-service and administrative center, necessitating factory relocation planning and restructuring of its manufacturing base. These transitional challenges and temporary production interruptions led to the company's shares being placed under regulatory supervision by the Ho Chi Minh City Stock Exchange (HOSE: VCA), prompting management to implement corporate governance reorganizations and operational adaptations to stabilize production continuity and realign business activities under the new ownership structure.