GENTHERM VIET NAM CO., LTD

Established in 2014, GENTHERM Viet Nam Co., Ltd is a foreign owned manufacturer specializing in advanced heating and cooling systems for automobile seats, along with other precision components used in the automotive electronics sector. As part of the global Gentherm group, the company plays a key role within an international supply chain that serves leading automotive brands. Its factory in Ha Nam Province is a major production base supporting both regional assembly plants and global distribution networks.

The company employs approximately 1,000 workers, operating a vertically integrated manufacturing environment that includes component molding, assembly, electronics testing, and quality inspection.

A notable strength of Gentherm Viet Nam is its technological specialization in thermal management components, a niche segment that requires stringent engineering standards and offers higher barriers to entry than general automotive parts manufacturing.

Leadership and Shareholders

The company is led by Le V. C., Director, who oversees production efficiency, operational compliance, and coordination with Gentherm’s global engineering and procurement divisions. His leadership includes supervision of manufacturing systems, workforce management, and alignment with international automotive standards.

Gentherm Viet Nam is wholly owned by Gentherm International Holdings (Hong Kong) Ltd, which holds one hundred percent of equity. 

Financial Growth and Market Risks

In 2023, the company generated revenue of approximately USD 79.74 million. Total assets, equity, and profit all rose significantly, reflecting strong operational performance and expansion of production capacity. Despite this growth, the automotive component sector remains sensitive to global vehicle demand, supply chain disruptions, material cost fluctuations, and the ongoing transition toward electric vehicles.

Operational and financial risks include reliance on global OEM orders, exposure to imported raw materials, and capital investment requirements for advanced manufacturing equipment. A complete assessment of liquidity, profitability, credit behavior, and long term resilience is available in the VNBIS Company Comprehensive Report, which offers critical insights for suppliers, lenders, and potential commercial partners.

Business Intelligence and Risk Outlook

Vietnam continues to attract substantial investment from automotive and electronics manufacturers, supporting Gentherm Viet Nam’s long term outlook. The company benefits from its integration into a global technology group, access to specialized engineering knowledge, and a stable manufacturing base within a high growth industrial zone.

Short term performance will depend on global automotive cycles and procurement stability. Over the longer term, competitiveness will hinge on technology adaptation, cost efficiency, and alignment with evolving automotive trends, including climate control systems for electric and next generation vehicles. Deeper insight into operational dependencies and strategic positioning is available through VNBIS’s advanced reporting solutions.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive suite of business intelligence solutions to support investors, suppliers, and financial institutions in evaluating GENTHERM Viet Nam Co., Ltd with precision.

VNBIS services include:

• Company Credit Reports assessing solvency, liquidity, and financial health
• Risk Management Solutions analyzing exposure to automotive cycles, procurement risks, and profitability trends
• Business Verification and Due Diligence Reports confirming ownership, compliance, and operational legitimacy

Through these services, VNBIS enables clients to make informed, transparent, and data driven business decisions.