HANWHA VISION VIETNAM COMPANY LIMITED

HANWHA VISION VIETNAM COMPANY LIMITED (CÔNG TY TNHH HANWHA VISION VIỆT NAM), tax code 2300976269, is a wholly South Korean-invested enterprise operating in the field of electronic components and surveillance technology. The company was registered in March 2017 and is headquartered at Lot O-2, Que Vo Expanded Industrial Park, Nam Son Ward, Bac Ninh City, Bac Ninh Province, Vietnam. With a workforce of 950 employees, it serves as a key manufacturing hub for Hanwha Vision Co., Ltd., one of Korea’s leading global technology firms in smart security and imaging.

In 2023, the company reported USD 190.81 million in sales, a significant 27.24% decline from the prior year. This marked slowdown follows a year of exceptional growth in 2022, signaling a return to pre-peak levels. The decrease in revenue also translated to a 38.95% drop in profit, down to USD 10.99 million, highlighting tightening margins and possibly declining orders from overseas customers.

Total assets slightly decreased to USD 97.3 million, down 6.45%, while owner’s equity climbed sharply to USD 45.71 million, up 31.64%, indicating retained earnings or capital reinvestment despite the income decline. The company’s working capital stood at USD 18.35 million, providing reasonable liquidity for short-term operations.

Charter capital is fully paid at USD 9.33 million, with full ownership held by the parent company Hanwha Vision Co., Ltd., based in South Korea. Governance is led by Chairman Mr. AHN SOON HONG, with Mr. HWANG SUNGJAE as General Director and Mr. KIM DAE YOUN as CFO—each contributing to Hanwha’s strong management and financial oversight.

While HANWHA VISION VIETNAM COMPANY LIMITED retains a solid capital structure and international backing, the sharp fall in revenue and profit in 2023 raises concerns about demand volatility, pricing pressures, or global shipment cycles. For credit risk managers and industry analysts, the 2023 performance warrants caution and close monitoring of the company’s order book, client diversification, and production capacity utilization in the coming year.