GEMTEK VIETNAM CORPORATION LIMITED

GEMTEK VIETNAM CORPORATION LIMITED: Ambitious Growth, Volatile Margins in Vietnam’s Tech Frontier

GEMTEK VIETNAM CORPORATION LIMITED (Vietnamese: CÔNG TY TNHH GEMTEK VIỆT NAM) has swiftly emerged as a key player in Vietnam’s expanding electronics and wireless communication manufacturing sector. Officially established on November 9, 2018, and registered under Business ID and Tax Code 0700819475, the company operates in Dong Van II Industrial Park, Ha Nam Province—one of northern Vietnam’s fastest-growing tech zones.

As a wholly foreign-owned enterprise (FDI), GEMTEK VIETNAM CORPORATION LIMITED is fully owned by GEMTEK TECHNOLOGY CO., LTD. of Taiwan, underscoring Vietnam’s strategic role in global electronics supply chain realignment.

In 2023, GEMTEK VINA reported USD 385.44 million in revenue, a modest 7.02% decline from the prior year. More concerning was a 41.19% drop in profit, which fell to USD 5.83 million, following a strong performance in 2022. While owner's equity rose by 42.23% to USD 56.94 million, the steep margin drop suggests increased production costs, pricing pressure, or inefficiencies.

Still, asset strength remains respectable at USD 191.32 million, even after an 11.43% year-over-year decline. Working capital improved sharply to USD 1.2 million, up more than 100%, offering a cushion for short-term liquidity—but not enough to ignore the underlying trend.

Led by General Director SHYU RONG HUEI, a Taiwanese national, GEMTEK VIETNAM CORPORATION LIMITED employs around 3,000 staff and specializes in manufacturing wireless communication devices, computer parts, and automotive electronics. Its diversified business registration includes wholesale tech equipment, consulting, property services, and even short-term accommodation—an unusual mix that raises questions about operational focus and risk management.

These inconsistencies—sharp profit swings, fluctuating asset values, and wide-ranging business lines—signal the need for deeper scrutiny. Foreign buyers, investors, or vendors considering engagement with GEMTEK VINA should consider a thorough Vietnam Business Information report, including a Company Litigation Check and Business Verification Service, ideally provided by VANGUARD BUSINESS INFORMATION LLC (VBI).

In Vietnam’s dynamic investment environment, GEMTEK VIETNAM CORPORATION LIMITED represents both opportunity and caution. Its performance highlights the growing complexity in Vietnam’s FDI-driven tech sector, where strong top-line growth does not always guarantee financial health.

For stakeholders, trust starts with facts—and facts begin with verified business intelligence.