DOOSUNG TECH VIETNAM COMPANY LIMITED

As reviewed by financial analysts at Vanguard Business Information LLC (VNBIS.com), DOOSUNG TECH VIETNAM COMPANY LIMITED (Công ty TNHH Doosung Tech Vietnam) presents a striking financial profile that highlights both resilience and transformation in a competitive manufacturing sector. Despite a decline in sales and total assets during 2023, the company's profitability and equity growth paint a much more optimistic picture.

Registered in 2013 as a 100% South Korean-owned enterprise, the company specializes in the manufacturing and assembly of electronic components and boards, operating from its production base in Luong Son Industrial Park, Hoa Binh Province. DOOSUNG TECH VIETNAM employs approximately 1,400 staff and serves as a vital link in its parent company’s regional supply chain.

In 2023, revenue fell by 9.16% to USD 116.96 million, reflecting possible softening demand or shifts in global order volumes. Yet, what stands out is the company’s ability to translate this into a 70.85% surge in net profit, reaching USD 6.83 million—an impressive financial outcome during a period of contraction. This profit growth, accompanied by a 45.51% increase in owner’s equity, signals a strategic focus on operational efficiency, cost control, and perhaps higher-margin product lines.

Although total assets declined for a second consecutive year, landing at USD 35.5 million, this downsizing appears intentional and well-managed, aligning with capital discipline rather than financial distress. Working capital also saw a sharp recovery, reaching USD 12.61 million, ensuring short-term liquidity remains strong.

From a financial expert’s perspective at VNBIS.com, DOOSUNG TECH VIETNAM COMPANY LIMITED is moving toward leaner, more profitable operations while maintaining the stability of its balance sheet. The trajectory suggests a shift from scale-driven growth to profit optimization, and if sustained, this transition may strengthen the company’s long-term competitiveness in Vietnam’s growing electronics manufacturing landscape.