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HONDA VIETNAM COMPANY LTD

Active

Business ID 2500150543

84-211 / 3868 888

HONDA VIETNAM COMPANY LTD

Active

Business ID 2500150543

84-211 / 3868 888

HONDA VIETNAM COMPANY LTD

Active

Summary

Name:

HONDA VIETNAM COMPANY LTD

Business ID (TIN):

2500150543

Date of Registration:

26 Jun 2008

Registered Office:

Vinh Phuc Province Department of Planning and Investment

Address:

Phuc Thang Ward, Phuc Yen City, Vinh Phuc Province, Vietnam

Phone:

84-211 / 3868 888

Financial Statement:

2020, 2021, 2022, 2023, 2024

HONDA VIETNAM COMPANY LIMITED, a leading foreign-invested enterprise in Vietnam’s motorcycle and automobile industry, has significantly shaped the country’s transportation sector. Established in 2008, the company has solidified its position as Vietnam’s top motorcycle manufacturer while expanding its footprint in automobile production, parts manufacturing, and maintenance services.

Headquartered in Phuc Thang Ward, Phuc Yen City, Vinh Phuc Province, Honda Vietnam operates multiple branches and representative offices in Hanoi, Ho Chi Minh City, and Ha Nam, ensuring strong nationwide coverage. The company is a joint venture between Honda Motor Co., Ltd. (Japan), Vietnam Engine and Agricultural Machinery Corporation (Vietnam), and Asian Honda Motor Co., Ltd. (Thailand), with respective ownership stakes of 42%, 30%, and 28%.

Financial Performance and Market Growth

Honda Vietnam continues to demonstrate impressive financial growth, reflecting its dominance in Vietnam’s motorcycle and automotive industries. As of 2023, the company reported total assets of USD 1.49 billion, with annual sales surging to USD 4.54 billion, a 19.98% increase from the previous year. Profitability also witnessed a remarkable improvement, with net profits reaching USD 800.36 million, reflecting a 33.44% year-over-year growth. This strong performance underscores Honda Vietnam’s operational efficiency, market demand, and brand loyalty among Vietnamese consumers.

Despite fluctuations in Vietnam’s automobile market, Honda Vietnam remains a dominant player in the motorcycle segment, leveraging its fuel efficiency, reliability, and affordability reputation. The company produces millions of motorcycles and automobiles annually, catering to both domestic demand and export markets. Honda’s focus on electric mobility and green technology is expected to further boost its market position amid Vietnam’s push for sustainable transportation solutions.

Leadership and Strategic Direction

Under the leadership of General Director Koji Sugita, Honda Vietnam continues to invest in technology innovation, product diversification, and customer-centric services. The company is actively expanding its automobile manufacturing capabilities, with a focus on hybrid and electric vehicles (EVs) to align with Vietnam’s green energy transition. Additionally, Honda Vietnam maintains a strong presence in motorcycle leasing, spare parts distribution, and after-sales services, ensuring comprehensive customer support.

Business Intelligence and Risk Analysis for Investors

For businesses and investors assessing Honda Vietnam’s creditworthiness, financial health, and investment potential, Vanguard Business Information LLC (VNBiS) provides comprehensive business intelligence reports. Through its detailed financial risk assessment, due diligence services, and credit risk analysis, VNBiS helps businesses navigate Vietnam’s competitive automotive sector with accurate and actionable data.

VNBiS specializes in company credit reports, corporate compliance assessments, and market intelligence solutions, assisting investors in evaluating Honda Vietnam’s growth trajectory, competitive advantages, and market positioning. With Vietnam’s growing demand for electric vehicles and sustainable mobility solutions, VNBiS ensures businesses gain invaluable insights into investment opportunities, supply chain dynamics, and regulatory compliance.

Future Outlook: Honda Vietnam’s Road to Sustainability

As Vietnam accelerates its shift toward green mobility, Honda Vietnam is well-positioned to lead the transition with its expanding portfolio of hybrid and electric vehicles. The company’s continued investments in technology, production capacity, and customer engagement strategies will strengthen its position in both the motorcycle and automotive markets.

For investors and businesses looking to analyze Honda Vietnam’s financial standing, investment risks, and market potential, VNBiS provides trusted business verification services, financial intelligence, and corporate reports. With accurate and up-to-date business insights, VNBiS ensures that financial stakeholders can make informed decisions in Vietnam’s evolving automotive industry.

Legal Profile

English Name:

HONDA VIETNAM COMPANY LTD

Vietnamese Name:

CÔNG TY HONDA VIỆT NAM

Business ID (TIN):

2500150543

Date of Registration:

26 Jun 2008

Registered Office:

Vinh Phuc Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

SAYAKA H

Address:

Phuc Thang Ward, Phuc Yen City, Vinh Phuc Province, Vietnam

Phone:

84-211 / 3868 888

Representative office:

No. 1, Thai Ha Street, Trung Liet Ward, Dong Da District, Ha Noi City, Vietnam

Branch:

8th Floor, Zen Plaza, No. 54-56, Nguyen Trai Street, Ben Thanh Ward, District 1, Ho Chi Minh City, Vietnam

Branch:

Dong Van II Industrial Park, Duy Minh Ward, Duy Tien Town, Ha Nam Province, Vietnam

Business Sector

Key business lines:

VSIC:

3091 Manufacture of motorcycles

NACE:

30.91 Manufacture of motorcycles

Industry Sales Growth

CAGR (2019 - 2023)

0.77%

YoY (2023)

-12.56%

Companies by industry

Company distribution and propportions

230

0.0079%

Key Industry Players

Top 10 companies in manufacture of motorcycles industry

piaggio viet nam co.,ltd vietnam manufacturing & export processing company limited yamaha motor vietnam co., ltd. detech e-scooters and motorcycle co.,ltd (translated name) t & t hung yen company limited vietnam kwang yang motor co ., ltd (translated name) everest motor viet nam company limited northstar precision (vietnam) company limited viet nam yadea electric motorcycle company limited t&h hung yen company limited

Payment History

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Financial Performance

Assets	26.12%
Owner’s Equity	-51.95%
Working Capital	40.00%
Net Worth	66.91%
Sales	69.39%
Operating income	15.67%
EBIT	-33.62%
Gross Profit Margin	6.17%
Debt to EBITDA	-39.09%

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Negative Payment Records

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Opinion from Analysts

Specific Questions About HONDA VIETNAM COMPANY LTD

When did HONDA VIETNAM COMPANY LTD start operating?

HONDA VIETNAM COMPANY LTD was started in 26 Jun 2008

What industry does HONDA VIETNAM COMPANY LTD operate in?

HONDA VIETNAM COMPANY LTD is operating in "Manufacture of motorcycles" industry

How can I contact HONDA VIETNAM COMPANY LTD?

HONDA VIETNAM COMPANY LTD phone numbers is 84-211 / 3868 888

What adverse news is there about HONDA VIETNAM COMPANY LTD?

HONDA VIETNAM COMPANY LTD’s has 2 bad news

What is stock symbol of HONDA VIETNAM COMPANY LTD?

HONDA VIETNAM COMPANY LTD is not listed company

Where is the location of HONDA VIETNAM COMPANY LTD?

HONDA VIETNAM COMPANY LTD is located at Phuc Thang Ward, Phuc Yen City, Vinh Phuc Province, Vietnam

What is HONDA VIETNAM COMPANY LTD’s business registration?

HONDA VIETNAM COMPANY LTD business registration is 2500150543

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HONDA VIETNAM COMPANY LTD