HYOSUNG FINANCIAL SYSTEM VINA: A Fast-Rising FDI Manufacturer of ATM and Financial Technology Equipment in Vietnam

HYOSUNG FINANCIAL SYSTEM VINA COMPANY LIMITED (Vietnamese: CÔNG TY TNHH HYOSUNG FINANCIAL SYSTEM VINA) is a prominent South Korean-invested enterprise operating in Vietnam's industrial equipment sector, particularly in the manufacture of automated teller machines (ATM) and general-purpose machinery. Founded in July 2020, the company is headquartered at Lot CN8-1, Yen Phong II-C Industrial Park, Bac Ninh Province, one of the fastest-growing industrial hubs in northern Vietnam.

Specialization in ATM and Financial Systems Manufacturing

HYOSUNG FINANCIAL SYSTEM VINA (HFS VINA) is a 100% foreign direct investment (FDI) company, fully owned by HYOSUNG TNS INC, a global leader in financial and retail automation based in Seoul, South Korea. HFS VINA plays a crucial role in manufacturing and assembling ATMs, banking automation devices, and smart banking solutions that are distributed throughout Southeast Asia and beyond.

In addition to ATM production, the company is engaged in the manufacture of electrical machinery, electronic components, wiring devices, fiber optic cables, and office machinery. It also operates in software programming, property leasing, and computer system repair, creating a diversified technological ecosystem.

Financial Highlights and Performance Trends

In just three years of operation, HYOSUNG FINANCIAL SYSTEM VINA has seen remarkable growth. By the end of 2023, the company recorded USD 194.92 million in total sales, more than doubling its 2022 revenue of USD 81.73 million—an outstanding 138.5% year-on-year increase. This surge reflects the growing regional demand for banking technology and automation infrastructure.

At the same time, total assets expanded to USD 152.91 million, up 17.35% from the prior year, while owner’s equity declined to USD 17.05 million, possibly due to ongoing capital reinvestments and expansion. The company still reported a net loss of USD 4.25 million in 2023, though this was a significant improvement—nearly 40% less than the loss recorded in 2022, signaling improving operational efficiency and a path toward breakeven.

Working capital remained in the negative, at approximately USD -5.63 million, underscoring the importance of close financial monitoring for cash flow and short-term liabilities. Nevertheless, with a charter capital of over USD 33 million, HYOSUNG FINANCIAL SYSTEM VINA retains strong investor backing and financial strength.

Leadership and Workforce

The company is led by General Director Mr. CHA JIN HWAN, a South Korean executive overseeing a team of approximately 600 employees. As an FDI firm with global technology standards, HFS VINA contributes not only to industrial output but also to skills transfer and high-tech employment in Vietnam.

Strategic Location and Industrial Impact

Located in Yen Phong Industrial Park, near Hanoi, the company enjoys excellent logistics infrastructure and proximity to Vietnam’s financial and export gateways. Its presence bolsters Vietnam’s reputation as a rising tech manufacturing base in Asia.

Trusted by VBI for Due Diligence and Risk Assessment

As a strategic FDI manufacturer in Vietnam, HYOSUNG FINANCIAL SYSTEM VINA is a company to watch. Despite early-stage losses, the firm shows strong revenue momentum and sector leadership in financial systems manufacturing. For businesses, suppliers, and investors evaluating this firm, VANGUARD BUSINESS INFORMATION LLC (VBI)offers comprehensive company reports, financial data, and risk management services to support due diligence and strategic decision-making.