HOP LONG TECHNOLOGY JOINT STOCK COMPANY

HOP LONG TECHNOLOGY JOINT STOCK COMPANY (Vietnamese name: CÔNG TY CỔ PHẦN CÔNG NGHỆ HỢP LONG) is a long-established Vietnamese enterprise operating in the distribution of electrical, automation, and industrial machinery equipment. Founded in March 2010 and headquartered in Ha Noi, the company has more than 15 years of operating history. It is a notable domestic player serving factories, industrial projects, and infrastructure clients across northern Vietnam and beyond. 

From an operational scale perspective, HOP LONG TECHNOLOGY JOINT STOCK COMPANY stands out for its large workforce of around 700 employees, which is relatively significant compared with its equity base. The company maintains multiple functional locations, including transaction offices and warehouses in Ha Noi and Bac Ninh, supporting logistics, after-sales services, and rapid delivery to industrial customers. Its business scope extends beyond pure trading, encompassing industrial installations, electrical systems, automation solutions, and technical services, indicating a model that combines product distribution with project-based implementation. 

Financially, the company has recorded strong and consistent revenue growth, with net sales increasing from USD 34.6 million in 2021 to USD 66.15 million in 2023, reflecting rising demand for automation and industrial equipment in Vietnam. Total assets also expanded steadily to USD 27.73 million by the end of 2023. However, profitability remains a key point to monitor: after modest profits in 2021–2022, the company reported a small net loss of USD 6,329 in 2023, suggesting margin pressure, higher operating costs, or competitive pricing dynamics in the automation distribution sector. Equity has remained relatively stable at approximately USD 3.29 million, indicating limited growth in retained earnings despite rising turnover. 

In terms of governance and ownership, the company is privately held, with LUONG H. N. serving as Chairman and holding the largest individual stake, alongside institutional and individual Vietnamese shareholders. This ownership structure reflects a locally driven enterprise, closely tied to Vietnam’s industrialization process rather than foreign-controlled supply chains. While this offers flexibility and market proximity, it also places greater emphasis on financial discipline and working-capital management as the company continues to scale. 

For partners, suppliers, and lenders assessing HOP LONG TECHNOLOGY JOINT STOCK COMPANY, key considerations include its strong revenue momentum, extensive operational footprint, and technical service capability, balanced against thin profitability and relatively modest equity. To gain deeper insights into its financial sustainability, ownership structure, project exposure, and sector-specific risks, VANGUARD BUSINESS INFORMATION LLC (VBI) provides comprehensive and up-to-date company intelligence through its business information portal vnbis.com, supporting informed decision-making across Vietnam’s industrial and automation sectors.