DONGWHA VIET NAM JOINT STOCK COMPANY

Dongwha Viet Nam Joint Stock Company (Công Ty Cổ Phần Dongwha Việt Nam) is one of the largest foreign-invested manufacturers in Vietnam’s wood-based materials sector. Established in 2019, the company operates a sizable production complex in the Sông Công II Industrial Park in Thái Nguyên Province, where it specializes in the manufacturing of MDF wood panels, laminated flooring, veneer, and engineered wood products. In just a few years, Dongwha Vietnam has developed into an important supplier for domestic furniture producers, interior finishing companies, and construction material distributors. Its production scale positions the company among the leading players in Vietnam’s fast-growing wood and industrial materials industry

The company recorded more than 76 million dollars in revenue in its latest reporting year. Its total assets exceed one hundred fifty million dollars, reflecting the scale of its investment in machinery, production lines, and industrial infrastructure. Although profitability remains challenged, the company retains significant production capacity and continues to serve a wide network of manufacturers and wholesalers in Vietnam’s northern industrial zones. These indicators highlight Dongwha Vietnam’s position as a large-scale industrial operator with long-term potential in a competitive materials market.

Leadership and Governance Stability

Dongwha Vietnam is led by General Director Kim Yangil, a South Korean executive responsible for overseeing the company’s operations, production planning, and commercial strategy. As a foreign-invested enterprise, the company’s governance structure is centered around its international shareholders, with leadership practices aligned with regional industrial management standards. This structure provides strategic continuity and supports the company’s ongoing development within Vietnam’s manufacturing sector.

The shareholder base is dominated by Dongwha Enterprise Co., Ltd of South Korea, which holds a majority interest. Additional investors include Green Global Trading Co., Limited and Dongwha International Co., Limited, both based in Hong Kong. This ownership profile underscores the company’s role as part of a broader international industrial network, benefiting from the technology, capital, and management experience of established global partners

A Broad Industrial Materials Platform With Regional Reach

The company operates across several key manufacturing verticals within the wood materials industry. Its core products include MDF panels, laminated flooring, veneer sheets, builders’ carpentry components, and various engineered wood and plastic products. These outputs serve a growing domestic market driven by Vietnam’s rising furniture exports, expanding residential construction, and the increasing demand for interior finishing materials.

Beyond manufacturing, Dongwha Vietnam participates in wholesale distribution of construction materials and provides supporting industrial services such as warehousing, logistics, and consulting. Its head office and production zone in Thái Nguyên give the company direct access to northern Vietnam’s industrial supply chain, connecting it to furniture clusters in Hanoi, Bắc Ninh, Bắc Giang, and surrounding provinces.

Performance Trends and Operating Conditions

While the company’s revenue remains strong, Dongwha Vietnam reported a net loss in its most recent financial year, driven in part by regional market volatility and rising input costs. Owner’s equity also decreased compared to previous years. Despite these challenges, the company maintains substantial fixed assets, an experienced workforce of over two hundred employees, and extensive manufacturing capability.

These factors illustrate both the scale of Dongwha’s operations and the competitive pressures facing the wood materials industry, where shifts in export demand, logistics costs, and construction activity directly influence profitability. The company’s established industrial base, however, offers resilience and the potential for recovery as global and domestic manufacturing activity stabilizes.

Strategic Position in Vietnam’s Wood and Materials Supply Chain

With its large factory complex, international ownership, and ability to serve multiple downstream industries, Dongwha Vietnam holds strategic importance in Vietnam’s industrial materials supply chain. The company provides essential inputs to furniture exporters, construction contractors, retailers, and interior finishing firms. As Vietnam continues to expand its role as a global manufacturing hub, particularly in furniture and building materials, Dongwha Vietnam is positioned to capture long-term demand growth.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides detailed financial analysis, ownership verification, risk assessment, and operational insights for professionals evaluating Dongwha Viet Nam Joint Stock Company. The full VNBIS Company Report offers a comprehensive view of the company’s performance trends, shareholder structure, financial health, and strategic positioning within Vietnam’s industrial materials sector.