HYUNDAI KEFICO VIET NAM COMPANY LIMITED (CÔNG TY TNHH HYUNDAI KEFICO VIỆT NAM) is a foreign-invested enterprise (FDI) specializing in the manufacturing of electronic components and spare parts for automobiles. The company, registered under tax code 0800750227, operates from Dai An Industrial Park, Hai Duong Province, Vietnam. It is a wholly owned subsidiary of HYUNDAI KEFICO CORPORATION (South Korea) and has been in operation since 2009.

With a workforce of 2,350 employees, HYUNDAI KEFICO VIET NAM COMPANY LIMITED focuses on producing hi-tech automotive electronic components, including electronic throttle controls, sensors, and actuators.

Financial Performance

The company reported total revenue of $522.42 million in 2023, reflecting a 14.02% increase from the previous year. However, profitability has declined significantly, with net profit falling by 44.86% to $8.56 million.

Key Financial Metrics (2023):

• Total Assets: $411.13 million (-3.82% YoY)
• Owner’s Equity: $171.32 million (+8.58% YoY)
• Total Sales: $522.42 million (+14.02% YoY)
• Net Profit: $8.56 million (-44.86% YoY)
• Working Capital: $20.94 million (-52.79% YoY)

The company’s total assets have decreased, indicating potential challenges in capital efficiency or investments. Meanwhile, despite a rise in sales, declining profits suggest increasing costs or shrinking margins in production.

Business Operations and Market Position

HYUNDAI KEFICO VIET NAM COMPANY LIMITED is involved in:

• Manufacturing electronic components for motor vehicles
• Research and development in engineering and technology
• Software development and IT consulting
• Technical testing and analysis

The company operates in a competitive sector where cost efficiency and technological advancements are critical. While revenue growth remains steady, shrinking profit margins raise concerns about operational costs and external market pressures.

Leadership and Ownership

The company is led by General Director Yang Inchul (South Korean) and Chief Accountant Truong Thi Thoa (Vietnamese). The business is 100% owned by HYUNDAI KEFICO CORPORATION, indicating full control by its South Korean parent company.

Challenges and Future Outlook

• Declining Profitability: The company’s profit fell by nearly 45% despite increased revenue, highlighting potential issues in cost management or pricing strategies.
• Asset Reduction: A 3.82% decline in total assets suggests potential liquidity constraints or reduced investments.
• Competitive Industry: The automotive components sector is highly competitive, requiring continuous innovation and cost control.

According to VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of business intelligence, HYUNDAI KEFICO VIET NAM COMPANY LIMITED must improve cost efficiency and optimize resource utilization to maintain long-term stability. While the company benefits from strong backing by its parent corporation, its profitability and capital structure require closer attention in the coming years.