BOSCH VIETNAM CO., LTD

BOSCH VIETNAM CO., LTD (Công Ty TNHH Bosch Việt Nam) is a wholly foreign-owned enterprise that plays a significant role in Vietnam’s industrial and technological landscape. Established on November 18, 2013, the company operates as a one-member limited liability company and is fully owned by Robert Bosch Investment Nederland B.V, a subsidiary of the renowned German conglomerate Bosch Group. With its main manufacturing facility located in Long Thanh Industrial Park, Dong Nai Province, and branch offices in Ho Chi Minh City, Da Nang, and Hanoi, Bosch Vietnam demonstrates a strong national footprint and commitment to the Vietnamese market.

The company’s core operations revolve around the manufacturing of parts and accessories for motor vehicles, specifically the production of Continuously Variable Transmission (CVT) pushbelts, which are critical components in modern automotive systems. In addition to its industrial focus, Bosch Vietnam also engages in the trading of household appliances, garden tools, and power tools, reflecting its diversified product portfolio. Furthermore, the company is active in various sectors including computer programming, data processing, engineering research, equipment repair, and consultancy services.

Despite its broad scope of operations and strong international backing, Bosch Vietnam faced financial headwinds in 2023. The company's total assets declined by 20.5% to USD 214.89 million, marking the third consecutive year of asset contraction. Sales revenue fell by 13.5%, totaling USD 278.25 million, while net profit dropped sharply by 71.19%, down to just USD 3.39 million. This profit level is a significant fall from USD 11.77 million in 2022 and USD 26.31 million in 2021, signaling persistent profitability challenges. Owner’s equity also declined by nearly 14%, reflecting the impact of diminished earnings on retained value.

The company’s negative working capital of USD 17.7 million suggests potential short-term liquidity constraints, despite the long-term backing from its European parent. As an employer, Bosch Vietnam maintains a workforce of approximately 3,000 people, under the leadership of General Director Mr. André Maurice De Jong, a Dutch national with experience managing large-scale manufacturing and multinational operations.

While the decline in financial performance might be attributed to broader challenges in global supply chains or reduced demand in key export markets, Bosch Vietnam continues to hold strategic importance. Its advanced production capabilities, R&D initiatives, and integration into the global Bosch ecosystem provide resilience and long-term value. Moreover, Bosch’s reputation for quality and innovation ensures that the Vietnamese subsidiary remains a key part of the group’s Southeast Asian operations.

In conclusion, BOSCH VIETNAM CO., LTD is a critical industrial player in Vietnam’s manufacturing sector, with deep links to global supply chains and engineering innovation. However, to sustain its growth and profitability, the company may need to focus on cost optimization, innovation in high-margin products, and capturing local and regional market opportunities. For stakeholders and investors seeking in-depth insights into the company’s financial health, operational stability, and risk profile, VANGUARD BUSINESS INFORMATION LLC (VBI) provides comprehensive company credit reports and business intelligence at www.vnbis.com.