HYUNDAI THANHCONG VIET NAM JOINT STOCK COMPANY

HYUNDAI THANHCONG VIET NAM JOINT STOCK COMPANY is one of Vietnam’s most crucial automobile manufacturing and assembly enterprises, operating under the Vietnamese name CÔNG TY CỔ PHẦN HYUNDAI THÀNH CÔNG VIỆT NAM (short name HTC, JSC). The company was established on 28 May 2013, has more than 12 years of operating history, and remains active. Its Business ID / Tax Identification Number (TIN) is 2700668614, registered with the Ninh Binh Province Department of Planning and Investment. The head office and main manufacturing complex are located at Gian Khau Industrial Park, Gia Tran Commune, Gia Vien District, Ninh Binh Province, Vietnam—a strategic automotive production hub in northern Vietnam. 

HYUNDAI THANHCONG VIET NAM JOINT STOCK COMPANY focuses on the manufacture, assembly, and trading of motor vehicles, including passenger cars, SUVs, multipurpose vehicles, and specialized vehicles such as ambulances and cash-in-transit vehicles. Beyond core automobile assembly, the company has registered an extensive range of supporting and downstream activities, covering wholesale and retail of cars, spare parts and accessories, vehicle maintenance and repair, plastics and metal fabrication, logistics, construction-related services, and management consultancy. This diversified registration reflects its role not only as an assembler but as an integrated automotive platform within Vietnam’s domestic vehicle ecosystem. The company also maintains a representative office in Ha Noi to strengthen coordination with distributors, regulators, and partners.

From a financial perspective, the company stands out for its robust balance sheet. As of FY2023, total assets reached approximately USD 406.78 million, while owner’s equity stood at USD 374.50 million, indicating very low leverage and strong capitalization. Net sales rebounded sharply to USD 86.93 million in 2023, up 55.15% year on year, after a contraction in 2022. Profit after tax increased to USD 7.63 million, a 50.29% year-on-year rise, confirming a recovery in operating performance. Notably, working capital remained very strong at USD 168.2 million, underscoring ample liquidity and internal funding capacity—a critical differentiator in the capital-intensive automotive industry.

In terms of governance and ownership, the company is chaired by Le Q. H., with executive management led by Tran H. P. (General Director). Shareholding is concentrated among domestic investors, led by Nguyen T. H. N. (48.13%) and Thanh Cong Group Joint Stock Company (37.5%), alongside smaller individual shareholders. With around 470 employees, HYUNDAI THANHCONG VIET NAM JOINT STOCK COMPANY represents a financially solid, strategically significant automotive manufacturer, well-positioned to navigate market cycles and policy shifts in Vietnam’s evolving automobile market.