CMC (VIETNAM) HOME APPLIANCE CO.,LIMITED

CMC (VIETNAM) HOME APPLIANCE CO., LIMITED, known in Vietnamese as CÔNG TY TNHH HOME APPLIANCE CMC (VIỆT NAM), is a foreign-invested manufacturer established in October 2020 and based in Nhon Trach III Industrial Park, Dong Nai Province. The company specializes in the manufacture of domestic appliances, with vacuum cleaners as its core product, serving export-oriented supply chains.

Legally, the company operates as a one-member limited liability company under Business Registration Number and Tax Code 3603762155, issued by the Dong Nai Province Department of Planning and Investment. It is 100 percent FDI-owned and wholly controlled by EUP (H.K.). Home Appliance Co., Limited, employs around 1,000 workers, indicating a sizable production footprint despite its relatively young age.

Management is led by Mr. Li, D., Director, with financial oversight by Ms. Nguyen T. L., Chief Accountant. The registered charter capital is USD 3.34 million, fully paid.

Financially, the most striking feature is exceptional growth momentum. By FY2023, total assets expanded to USD 56.2 million, while net sales surged to USD 89.58 million, reflecting rapid capacity ramp-up and strong export demand. Even more notable, the company swung decisively into profitability, recording a net profit of USD 3.46 million, a sharp reversal from losses just two years earlier.

However, alongside this growth, working capital remained negative at USD –8.23 million, signaling pressure on short-term liquidity as operations scale quickly. This imbalance is typical of fast-growing export manufacturers but remains a key point for suppliers and lenders to monitor.

Overall, CMC (Vietnam) Home Appliance presents the profile of a high-growth, export-driven FDI manufacturer, with substantial revenue and profit expansion, balanced against tight working-capital management risks during its rapid expansion phase.