HANWHA AERO ENGINES COMPANY LIMITED

Established on 7 August 2017, HANWHA AERO ENGINES COMPANY LIMITED operates as a wholly foreign-owned enterprise (FDI), owned by Hanwha Aerospace Co., Ltd. (South Korea). Located in Lot CN1-02B-4-8, High-tech I Industrial Park, Hoa Lac High-tech Park, Ha Bang Commune, Thach That District, Hanoi, the company has become a key manufacturing hub for aircraft engine parts and high-precision aerospace components in Vietnam. With over 650 employees, it contributes significantly to the country’s growing high-tech manufacturing ecosystem.

Under the leadership of Cho M. R. as General Director and Nguyen T. D. as Chief Accountant, HANWHA AERO ENGINES COMPANY LIMITED focuses on producing advanced components for global aerospace markets. Backed by its parent company’s expertise and technological resources, it plays a vital role in meeting international quality standards and supporting the global supply chain of aircraft engines.

Financially, the company has displayed rapid asset and revenue growth, though profitability remains a challenge. As of 2023, total assets stood at USD 247.56 million, a 17.97% increase compared to 2022. Sales reached USD 133.1 million, up 55.32%, reflecting robust business expansion. However, profit dropped by 72.61% to USD 523,155, which may indicate rising operational costs or large-scale investments. Equity grew sharply to USD 45.84 million, nearly tripling year-on-year, signaling strong capital support from its parent company. Yet, the company’s working capital is negative at USD -7.66 million, suggesting potential short-term liquidity pressure despite long-term asset growth.

In the competitive and capital-intensive aerospace industry, HANWHA AERO ENGINES COMPANY LIMITED benefits from Vietnam’s favorable industrial policies and Hanwha’s global expertise. Still, the volatile nature of aerospace supply chains and high R&D expenses require careful financial and operational management to ensure consistent profitability.

 Vanguard Business Information LLC (VBI) offers comprehensive risk assessment and financial verification services for partners, suppliers, or investors considering collaboration. These insights allow stakeholders to evaluate the economic health, operational capacity, and credit risk of companies like HANWHA AERO ENGINES COMPANY LIMITED, ensuring informed decision-making in the aerospace sector.