ARISTON VIETNAM COMPANY LIMITED

Established in 2007, Ariston Vietnam Company Limited is the Vietnamese manufacturing arm of Italy’s Ariston Thermo Group, a global provider of heating and hot water solutions. Operating from the Tien Son Industrial Park in Bac Ninh Province, the company focuses on the production and assembly of electrical water heaters, solar heating systems, and storage tanks while also offering maintenance and repair services aligned with the group’s international standards. With approximately 300 employees, the company maintains a streamlined but technically skilled workforce, supporting both domestic sales and regional distribution.

Ariston Vietnam manages additional branches in Ha Noi, Da Nang, and Ho Chi Minh City, strengthening its national reach in the residential and commercial water heating market. A noteworthy aspect of the company’s operations is its integration into Ariston Thermo Group’s global supply chain, allowing it to produce components that adhere to strict performance and durability benchmarks recognized across international markets.

Leadership and Shareholders

The company is led by Nguyen C. T., General Director, who oversees operational management, production efficiency, and alignment with the Ariston Thermo Group’s global quality and safety practices. His responsibilities extend across regulatory compliance, workforce management, and coordination with international engineering and procurement teams.

Ariston Vietnam is wholly owned by Ariston Holding N.V., headquartered in the Netherlands, which maintains one hundred percent ownership and full control over strategic direction, capital allocation, and technology transfer.

Financial Growth and Market Risks

In 2023, Ariston Vietnam achieved revenue of approximately USD 79.61 million. Despite consistent sales performance, the company experienced declines in assets, equity, and profit, reflecting cost pressures and a more competitive landscape within the domestic appliance sector. These results underscore the challenges faced by manufacturers in managing import dependent raw materials, fluctuating demand, and price competition from regional producers.

The company also operates within an industry influenced by consumer purchasing cycles, construction sector activity, and evolving energy efficiency regulations. These factors contribute to volatility in production planning and long term investment decisions. A detailed evaluation of liquidity trends, credit behavior, working capital structure, and risk exposure is available in the VNBIS Company Comprehensive Report, which provides a complete analytical view for potential partners and suppliers.

Business Intelligence and Risk Outlook

Vietnam’s growing residential construction market and rising consumer demand for modern home appliances create opportunities for companies offering energy efficient water heating solutions. Ariston Vietnam benefits from brand recognition, broad distribution channels, and access to international technology. These strengths contribute to a stable market position, although long term success will depend on the company’s ability to manage production costs, protect market share, and adapt to shifting regulatory expectations around energy efficiency.

The company’s future outlook is shaped by both domestic consumption trends and the parent group’s global strategy, particularly as sustainability and energy efficient technologies become central to competitiveness in the appliance industry. Stakeholders seeking deeper insight into the company’s strategic positioning and operational risks may find the full VNBIS reporting suite essential for informed decision making.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive suite of business intelligence solutions to support investors, suppliers, and financial institutions evaluating Ariston Vietnam Company Limited.

VNBIS services include:

• Company Credit Reports assessing solvency, liquidity, and financial health
• Risk Management Solutions analyzing exposure to appliance market cycles, operational risks, and profitability trends
• Business Verification and Due Diligence Reports confirming ownership, compliance, and governance information

Through these services, VNBIS enables clients to make informed, transparent, and data driven business decisions.