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GEMTEK VIETNAM CORPORATION LIMITED

Active

Business ID 0700819475

84-226 / 3583 758 / 3583756

GEMTEK VIETNAM CORPORATION LIMITED

Active

Business ID 0700819475

84-226 / 3583 758 / 3583756

GEMTEK VIETNAM CORPORATION LIMITED

Active

Summary

Name:

GEMTEK VIETNAM CORPORATION LIMITED

Business ID (TIN):

0700819475

Date of Registration:

09 Nov 2018

Registered Office:

Ninh Binh Province Department of Finance

Address:

Dong Van II Industrial Park, Duy Ha Ward, Ninh Binh Province, Vietnam

Phone:

84-226 / 3583 758 / 3583756

Financial Statement:

2020, 2021, 2022, 2023, 2024

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.

Legal Profile

English Name:

GEMTEK VIETNAM CORPORATION LIMITED

Vietnamese Name:

CÔNG TY TNHH GEMTEK VIỆT NAM

Short Name:

GEMTEK VINA

Business ID (TIN):

0700819475

Date of Registration:

09 Nov 2018

Registered Office:

Ninh Binh Province Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

SHYU R.H

Address:

Dong Van II Industrial Park, Duy Ha Ward, Ninh Binh Province, Vietnam

Phone:

84-226 / 3583 758 / 3583756

Representative office:

8th Floor, Lucky Building, No. 81, Tran Thai Tong Street, Cau Giay Ward, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

2630 Manufacture of communication equipment

NACE:

26.30 Manufacture of communication equipment

NAICS:

3342 Communications Equipment Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

0.39%

YoY (2023)

-7.46%

Companies by industry

Company distribution and propportions

395

0.0136%

Key Industry Players

Top 10 companies in manufacture of communication equipment industry

samsung electronics vietnam company limited (translated name) funing precision component company limited samsung electronics vietnam thai nguyen company limited lg display vietnam haiphong company limited luxshare - ict ( vietnam ) limited gemtek vietnam corporation limited arcadyan technology (vietnam) co.,ltd. fuyu precision component company limited neweb vietnam co., ltd. tongwei electronics (vietnam) company limited

Payment History

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Financial Performance

Assets	-53.38%
Owner’s Equity	92.64%
Working Capital	65.37%
Net Worth	-25.26%
Sales	-9.81%
Operating income	4.38%
EBIT	-71.42%
Gross Profit Margin	-27.83%
Debt to EBITDA	-14.68%

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Opinion from Analysts

Specific Questions About GEMTEK VIETNAM CORPORATION LIMITED

When did GEMTEK VIETNAM CORPORATION LIMITED start operating?

GEMTEK VIETNAM CORPORATION LIMITED was started in 09 Nov 2018

What industry does GEMTEK VIETNAM CORPORATION LIMITED operate in?

GEMTEK VIETNAM CORPORATION LIMITED is operating in "Manufacture of communication equipment" industry

How can I contact GEMTEK VIETNAM CORPORATION LIMITED?

GEMTEK VIETNAM CORPORATION LIMITED phone numbers is 84-226 / 3583 758 / 3583756

What adverse news is there about GEMTEK VIETNAM CORPORATION LIMITED?

GEMTEK VIETNAM CORPORATION LIMITED’s has no negative news

What is stock symbol of GEMTEK VIETNAM CORPORATION LIMITED?

GEMTEK VIETNAM CORPORATION LIMITED is not listed company

Where is the location of GEMTEK VIETNAM CORPORATION LIMITED?

GEMTEK VIETNAM CORPORATION LIMITED is located at Dong Van II Industrial Park, Duy Ha Ward, Ninh Binh Province, Vietnam

What is GEMTEK VIETNAM CORPORATION LIMITED’s business registration?

GEMTEK VIETNAM CORPORATION LIMITED business registration is 0700819475

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GEMTEK VIETNAM CORPORATION LIMITED

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

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GEMTEK VIETNAM CORPORATION LIMITED

GEMTEK VIETNAM CORPORATION LIMITED

GEMTEK VIETNAM CORPORATION LIMITED

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

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