DOOSAN ENERBILITY VIETNAM CO., LTD

DOOSAN ENERBILITY VIETNAM CO., LTD (Công Ty TNHH Doosan Enerbility Việt Nam) is one of the most prominent foreign-invested enterprises operating in Vietnam’s heavy industry and energy equipment manufacturing sector. Registered under Business ID 4300345073, the company has been active since 2006 and operates as a 100% South Korean-owned subsidiary of DOOSAN ENERBILITY CO., LTD, headquartered in Changwon, South Korea. Its main production base is strategically located in the Dung Quat Economic Zone, Quang Ngai Province—one of Vietnam’s key industrial hubs.

Led by General Director Mr. Kim Hyo Tae and supported by Chief Accountant Ms. Trần Thị Bình, the company employs around 1,500 staff and specializes in manufacturing, assembling, and installing special-purpose machinery, including wind power equipment, heavy industrial systems, and electrical components. With a wide industrial footprint, it also operates representative offices in Thanh Hoa, Khanh Hoa, and Ha Tinh.

As of the end of 2023, DOOSAN ENERBILITY VIETNAM reported total assets of USD 445.62 million and equity of USD 254.38 million. While these figures demonstrate the company’s substantial physical and capital base, they also reflect a downward trend. Assets decreased by 8.08% and equity fell by 19.4% year-over-year. Most notably, profit dropped steeply by over 71% to USD 28.15 million, after peaking at nearly USD 100 million the previous year. This sharp decline raises important flags from a financial risk management perspective, especially given that sales also decreased by 7.67% in the same period, totaling USD 375.57 million.

The company’s capital structure remains solid, with working capital of over USD 140 million and relatively low liabilities in comparison to assets. However, the declining profit margin over recent years suggests potential pressure on cost management or the impact of fluctuating global demand, especially in the energy and infrastructure sectors. Stakeholders examining the company through a company credit report lens would likely view it as a stable but currently underperforming entity, with strong long-term potential if corrective measures are implemented.

In terms of risk management, DOOSAN ENERBILITY VIETNAM must balance its significant capital investment and fixed asset base with the need to stabilize earnings. Supply chain disruptions, project delays, or input cost volatility could further impact profitability. The company’s exposure to complex, capital-intensive industries makes it sensitive to global economic cycles, policy changes, and technological disruption in the renewable energy space.

In conclusion, DOOSAN ENERBILITY VIETNAM remains a heavyweight in Vietnam’s industrial manufacturing landscape, boasting scale, infrastructure, and international backing. Nevertheless, its recent financial trends suggest a period of adjustment. Careful review of updated financial data, operational efficiency metrics, and project execution timelines will be essential for those conducting due diligence or assessing its business sustainability.