ELENTEC VIETNAM CO.,LTD

ELENTEC VIETNAM CO., LTD (CÔNG TY TNHH ELENTEC VIỆT NAM) is a 100% South Korean-owned enterprise and one of Vietnam’s prominent manufacturers in the electronics components sector. Officially established on January 5, 2006, the company operates under the Business ID and Tax Code 2500243660 and is legally registered as a one-member limited liability company. Its headquarters are located in Quang Minh Industrial Park, Chi Đông Township, Mê Linh District, Hà Nội City.

The company is a wholly owned subsidiary of ELENTEC CO., LTD, headquartered in Suwon-si, Gyeonggi-do, South Korea. At the helm of operations is Mr. Lee Hyung Koo, the General Director, supported by Mr. Kim Jung Hun as Finance Director and Ms. Phạm Hải Ly as Chief Accountant. The company employs approximately 4,000 workers and operates with a fully paid-up capital of over USD 10.5 million, while the legal charter capital is reported at more than USD 13 million.

ELENTEC VIETNAM specializes in the manufacturing and processing of electronic components such as mobile phone batteries, chargers, plastic cases, and accessories for tablets and other digital devices. It also manufactures electronic cigarette pipes and other components related to computers, communication equipment, and power storage devices.

In terms of financial performance, ELENTEC VIỆT NAM recorded total assets of USD 59.06 million in 2023, down 8.59% from the previous year. While sales revenue decreased significantly by 32.61% to USD 177 million, the company remained profitable, earning USD 7.3 million in net income—a slight decrease of 3.33% year-over-year. Most notably, owner’s equity continued to grow strongly, rising by 61.68% to USD 19.13 million. This indicates that despite declining revenue, the company has maintained solid capital accumulation and operating efficiency. However, it is worth noting that working capital remains negative at approximately USD -973,718, implying that short-term liabilities exceed short-term assets.

Overall, ELENTEC VIETNAM CO., LTD is a stable and well-managed enterprise within Vietnam’s manufacturing landscape, with long-term backing from its parent corporation in South Korea. While the company faced revenue pressure in 2023, it demonstrated resilience through continued profitability and equity growth. Its solid foundation, advanced production capabilities, and experienced management make it a reliable partner and a significant contributor to Vietnam’s electronics export sector.