AQUA ELECTRICAL APPLIANCES VIETNAM CO., LTD

AQUA ELECTRICAL APPLIANCES VIETNAM CO., LTD (Vietnamese: CÔNG TY TNHH ĐIỆN MÁY AQUA VIỆT NAM) is a wholly foreign-owned subsidiary of Haier Singapore Investment Holding PTE LTD, operating in Vietnam since December 29, 1995. The company is based at No. 8, Road 17A, Bien Hoa 2 Industrial Park, Dong Nai Province, with additional offices in Hanoi, Ho Chi Minh City, and Da Nang.

The firm is active in manufacturing and trading household appliances, with reported sales of USD 220.28 million in 2023, reflecting a flat growth rate of 0.24% from the previous year. This indicates a mature revenue base, though lacking in significant upward momentum.

However, the profitability profile raises concerns. For three consecutive years, AQUA VIETNAM has reported net losses, including a loss of USD 48,322 in 2023. Although the magnitude of the loss has decreased significantly compared to earlier years (a loss of USD 1.77 million in 2021), the consistent failure to break even is a clear signal of underlying cost or operational issues. Persistent losses despite relatively strong revenues point to low margins, inefficiencies, or high structural costs that should not be overlooked.

Additionally, total assets have declined for two consecutive years, dropping to USD 95.28 million in 2023, down 13.57% year-over-year. Equity has remained stable at USD 47.83 million, yet no significant reinvestment or capital growth is evident—suggesting a cautious or stagnant approach from the parent entity regarding expansion in the Vietnam market.

Despite its brand recognition, AQUA VIETNAM’s financial posture requires close attention. Key warning signs include:

• Consistent losses across multiple years

• Declining asset base

• Flat sales performance

• Lack of recent equity infusion

Given these signals, business partners, vendors, and financiers should exercise prudence before entering long-term or high-volume contracts with AQUA VIETNAM. Payment terms, credit limits, and dependency exposure should all be carefully assessed and calibrated.

If your organization is planning to engage with AQUA ELECTRICAL APPLIANCES VIETNAM CO., LTD, and you seek deeper risk insight, VANGUARD BUSINESS INFORMATION LLC (VBI) offers advanced business verification and financial risk management solutions.

We provide:

• Comprehensive financial risk analysis

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• Historical performance tracking

For a full risk profile and operational due diligence, including litigation search and contract risk evaluations, consider partnering with VBI to safeguard your commercial interests.