HS HYOSUNG QUANG NAM COMPANY LIMITED

Established on 13 September 2018, HS HYOSUNG QUANG NAM COMPANY LIMITED has quickly positioned itself as a leading foreign-invested enterprise in Vietnam’s textile and industrial materials sector. Operating as a one-member limited liability company, it is registered under Business ID and Tax Identification Number 4001157191. The company is headquartered at Lot D6, Tam Thang Industrial Park, Binh Nam Commune, Thang Binh District, Quang Nam Province, Vietnam, and operates a large-scale factory within the same industrial park. With a charter capital of approximately USD 69.4 million and a paid-up capital of USD 38.2 million, the company has built a strong foundation for growth and innovation.

HS HYOSUNG QUANG NAM COMPANY LIMITED is led by General Director Park J. K., supported by Managing Director Lee E. B., both of whom bring decades of experience in textile fiber spinning and advanced material manufacturing. The company employs more than 1,000 workers, which underscores its role as a significant contributor to the local economy. Its core business focuses on spinning textile fibers, producing man-made fibers, weaving textiles, and manufacturing other high-quality industrial materials including plastics, iron, and steel products. With the backing of its sole shareholder, HS Hyosung Advanced Materials Corporation of South Korea, the company benefits from advanced technology and expertise in synthetic fiber production.

Financially, 2023 was a year of both expansion and challenges for HS HYOSUNG QUANG NAM. The company’s total assets rose to USD 325.03 million, marking a substantial growth of 27.28% compared to 2022. However, despite achieving sales of USD 136.1 million, a decline of 6.73% year-on-year, the company reported a net loss of USD 9.91 million, primarily due to increased operational and raw material costs. Its equity stood at USD 46.14 million, while working capital reached USD 15.17 million, highlighting the company’s capacity to maintain operations and manage short-term obligations despite the profit downturn.

The presence of HS HYOSUNG QUANG NAM COMPANY LIMITED reflects the ongoing expansion of South Korean investment in Vietnam’s high-tech textile and industrial manufacturing industries. For companies, suppliers, and investors seeking to collaborate with HS Hyosung, conducting thorough due diligence is essential. Vanguard Business Information LLC (VBI) provides reliable and comprehensive company verification services, offering insights into the financial stability, ownership structure, and market performance of firms like HS Hyosung. By leveraging VBI’s in-depth analysis, businesses can minimize risks and confidently establish long-term partnerships with trusted industry players.