BUMJIN ELECTRONICS VINA CO.,LTD

BUMJIN ELECTRONICS VINA CO., LTD (CÔNG TY TNHH BUMJIN ELECTRONICS VINA) is a 100% South Korean-invested enterprise operating in Vietnam's consumer electronics manufacturing sector. Officially registered on October 21, 2019, the company is located at Lot CN-04, Dong Mai Industrial Park, Dong Mai Ward, Quang Yen Town, Quang Ninh Province, Vietnam, with Business ID and Tax Code: 5702017740. It is a one-member limited liability company under the full ownership of BUMJIN ELECTRONICS CO., LTD, headquartered in Suwon, South Korea.

Led by Director Mr. Park Hyungjun, a South Korean national, the company employs around 1,000 workers and focuses on the manufacture of AV recorders, sound bar systems, and other consumer electronic components. Registered business activities also include wholesale of electronics and telecommunications equipment, communication device manufacturing, and general business support services.

From a financial risk management perspective, BUMJIN ELECTRONICS VINA shows a mixed profile—rapid growth and rising revenue on one hand, but deep structural imbalances on the other.

In 2023, the company generated USD 222.82 million in revenue, representing an impressive 47.92% year-over-year increase. Even more notable is its net profit of USD 11.77 million, a sharp turnaround from previous losses and a 248.71% increase from 2022. This signals a significant operational improvement, likely due to better margin control or increased demand from major electronics clients.

However, the balance sheet tells a different story. Despite profitability, the company continues to post negative equity of USD -1.24 million and negative net worth of USD -1.41 million, though both improved substantially compared to prior years. Additionally, working capital remains deeply negative at USD -27.44 million, which may indicate a reliance on short-term liabilities to fund operations—a major red flag for creditors and suppliers.

While the top-line growth and return to profitability are commendable, the ongoing negative equity and liquidity gap suggest that BUMJIN ELECTRONICS VINA is operating on thin financial margins and may be vulnerable to external shocks or operational disruptions.

Stakeholders—especially lenders, suppliers offering credit terms, or potential partners—should view this company as financially volatile despite its recent profit. A deeper due diligence process is essential.

To mitigate risk, partners are strongly encouraged to obtain a full business verification report from VANGUARD BUSINESS INFORMATION LLC (VBI). VBI provides detailed insights into legal status, financial health, litigation risks, and shareholder transparency across over 600,000 companies in Vietnam. Access the company’s report at www.vnbis.com or request a custom credit evaluation tailored to your transaction needs.