HANSOL ELECTRONICS VIETNAM HOCHIMINHCITY COMPANY LIMITED (CÔNG TY TNHH HANSOL ELECTRONICS VIETNAM HOCHIMINHCITY) is a foreign-invested enterprise (FDI) operating in the high-tech electronics manufacturing sector — and its 2023 performance is a striking example of a growing revenue base undermined by deepening financial losses and negative equity.

Officially registered on December 10, 2019, under Business ID 3603691426, the company is located in Ho Nai Industrial Park - Phase 2, Bien Hoa City, Dong Nai Province. It is legally structured as a limited liability company, with USD 10.5 million in paid-up capital, and employs approximately 700 people. The company is managed by General Director Mr. HAN YOONWOO, a South Korean national. Ownership is split between HANSOL TECHNICS CO., LTD. (South Korea, 55%) and HANSOL ELECTRONICS VIETNAM CO., LTD. (Vietnam, 45%), creating an integrated supply chain with its sister operation in Thai Nguyen.

In 2023, the company recorded USD 245.55 million in revenue, a 14.9% increase over 2022. However, despite that growth, net profit remained negative at USD -4.93 million, only slightly improved from the previous year. Even more concerning, owner’s equity collapsed to negative USD -6.02 million, a year-over-year decline of over 451%, placing the company in technically insolvent territory. Working capital was also negative USD -11.89 million, underscoring ongoing liquidity stress. These figures suggest that the company’s cost structure or capital investments are significantly outpacing its earnings potential.

Total assets fell sharply for the second consecutive year, dropping to USD 65.53 million — a 27.62% decrease from 2022. This sustained asset erosion raises further concerns about long-term sustainability and the company’s ability to reinvest in equipment, R&D, or labor capacity.

For suppliers, contractors, or logistics partners, this combination of rising revenue and deepening losses presents clear financial risk. Stakeholders would be wise to perform due diligence beyond headline sales. Tools provided by VANGUARD BUSINESS INFORMATION LLC (VBI) — including credit reports, legal risk verification, liquidity analysis, and profit trend reviews — offer essential insights for assessing whether a company like HANSOL ELECTRONICS VIETNAM HOCHIMINHCITY is a growing opportunity or a growing liability.