FORD VIET NAM LIMITED

FORD VIET NAM LIMITED (CÔNG TY TNHH FORD VIỆT NAM) is one of the leading automobile manufacturers and distributors in Vietnam. Established on May 27, 2008, the company operates under Business ID: 0800006882, registered with the Hai Duong Province Department of Planning and Investment. As a foreign direct investment (FDI) company, it is 75% owned by Ford Motor Company (USA) and 25% by Songcong Diesel Limited Company (Vietnam).

With its headquarters in Hai Duong City and a transaction office in Hanoi, FORD VIET NAM LIMITED has played a significant role in developing Vietnam’s automotive industry. Under the leadership of General Director RUCHIK PRAFUL SHAH, the company specializes in automobile assembly, importation, distribution of spare parts, and vehicle maintenance services. Its commitment to high-quality automotive solutions has made it a trusted brand among Vietnamese consumers.

Financially, FORD VIET NAM LIMITED has demonstrated remarkable performance. As of December 31, 2023, the company’s total sales reached USD 1.12 billion, reflecting an impressive 33.32% year-on-year growth. Profit surged by 30.33% to USD 65.04 million, while equity rose by 13.57% to USD 126.65 million, showcasing the company’s strong financial health and sustainable growth. These numbers indicate FORD VIET NAM LIMITED’s increasing market share and its success in meeting the growing demand for automobiles in Vietnam.

Beyond manufacturing, FORD VIET NAM LIMITED is deeply involved in the wholesale and retail trade of motor vehicles, spare parts, and accessories, as well as vehicle maintenance and repair services. The company also engages in IT and data processing services, reinforcing its digital transformation strategy. Its ability to adapt to technological advancements and market trends makes it a formidable competitor in the Vietnamese automotive sector.

As businesses navigate financial risks and investment decisions, VANGUARD BUSINESS INFORMATION LLC (VBI) plays a crucial role in providing Vietnam Business Information, Private Company Financial Data, and Risk Management Services. With detailed company credit reports, VBI offers deep insights into major corporations' financial stability, creditworthiness, and market potential  like FORD VIET NAM LIMITED.

The outstanding growth and strategic vision of FORD VIET NAM LIMITED make it a top contender in Vietnam’s automotive industry. Investors and market analysts should closely follow the company’s future expansions and technological advancements. With VBI’s expertise in financial intelligence and risk assessment, businesses can make well-informed investment decisions regarding FORD VIET NAM LIMITED, a company that continues to drive innovation and excellence in Vietnam’s automotive market.