HS HYOSUNG VIET NAM COMPANY LIMITED

HS HYOSUNG VIET NAM COMPANY LIMITED (CÔNG TY TRÁCH NHIỆM HỮU HẠN HS HYOSUNG VIỆT NAM) is a leading foreign-invested enterprise in Vietnam’s textile and industrial materials sector. Established on May 22, 2007, the company is registered under Business ID: 3600890952 with the Dong Nai Province Department of Planning and Investment. As a limited liability company (FDI), it operates as a subsidiary of HS HYOSUNG ADVANCED MATERIALS CORPORATION and HYOSUNG INVESTMENT & DEVELOPMENT CORP, both based in South Korea.

The company is headquartered at Road N2, Nhon Trach 5 Industrial Park, Hiep Phuoc Town, Nhon Trach District, Dong Nai Province, with a representative office in Ho Chi Minh City. Led by General Director KIM KYUNG HWAN, Managing Director YOO SUN HYUNG, and Chief Accountant DANG BUU PHUONG, HS HYOSUNG VIET NAM COMPANY LIMITED has built a strong reputation in manufacturing spandex, nylon-polyester fibers, tire reinforcements (steel cord, bead wire), and other industrial textile products.

Financially, HS HYOSUNG VIET NAM COMPANY LIMITED has faced a downturn in recent years. As of December 31, 2023, the company’s total assets were valued at USD 631.67 million, marking an 11.23% decline from the previous year. Sales revenue dropped by 25.12% to USD 1.18 billion, while profit fell by 72.62% to USD 25.03 million. Equity decreased by 23.82% to USD 154.3 million, indicating financial challenges despite ongoing market presence.

Despite these setbacks, HS HYOSUNG VIET NAM COMPANY LIMITED remains a key player in Vietnam’s textile and industrial materials industry. The company’s business portfolio extends beyond fiber production to include wholesale trade, chemical manufacturing, and iron-steel production, demonstrating its diversified operations.

VANGUARD BUSINESS INFORMATION LLC (VBI), a premier provider of business intelligence, identifies HS HYOSUNG VIET NAM COMPANY LIMITED as a major contributor to Vietnam’s manufacturing sector. While the company has experienced declining revenues and profitability, its long-standing industry expertise and extensive production capabilities offer strong market potential. Investors and industry analysts should closely track HS HYOSUNG VIET NAM COMPANY LIMITED’s financial restructuring and strategic growth initiatives, as it continues to navigate market challenges and adapt to global demand trends.