HD HYUNDAI VIETNAM SHIPBUILDING CO., LTD (CÔNG TY TNHH ĐÓNG TÀU HD HYUNDAI VIỆT NAM) is a foreign direct investment (FDI) company specializing in shipbuilding, ship repair, and structural metal manufacturing in Vietnam. Established on September 30, 1996, the company has been operating for over 28 years, contributing significantly to the country’s maritime industry. Registered under Business ID 4200241296, HD HYUNDAI VIETNAM SHIPBUILDING CO., LTD is officially listed with the Khanh Hoa Province Department of Planning and Investment, with its headquarters located at No. 1, My Giang Street, Ninh Phuoc Commune, Ninh Hoa Town, Khanh Hoa Province, Vietnam.

Legal Status and Ownership Structure

HD HYUNDAI VIETNAM SHIPBUILDING CO., LTD operates as a limited liability company, with a substantial foreign investment component. The company is majority-owned by South Korean shareholders, with its primary investors being:

• HD HYUNDAI MIPO CO., LTD (HMD), South Korea – 55%
• SHIPBUILDING INDUSTRY CORPORATION, Vietnam – 30%
• HD KOREA SHIPYARD & OFFSHORE ENGINEERING CO., LTD (HDKSOE), South Korea – 10%
• HYUNDAI ENGINEERING AND CONSTRUCTION CO., LTD (HEC), South Korea – 5%

This ownership structure reflects HD HYUNDAI VIETNAM SHIPBUILDING CO., LTD’s strong ties with the global Hyundai Heavy Industries (HHI) Group, reinforcing its technological expertise and financial stability in the shipbuilding sector.

Financial Performance and Growth Trends

HD HYUNDAI VIETNAM SHIPBUILDING CO., LTD has shown consistent growth, particularly in recent years, as seen in its 2023 financial report:

• Total assets reached USD 512.62 million, a 17.49% increase YoY.
• Total sales amounted to USD 537.7 million, growing 2.67% from 2022.
• Equity improved to USD 76.85 million, marking a 12.61% YoY increase.
• Profit surged to USD 6.64 million, an impressive 357.06% growth.

While the company has significantly improved its profitability, it still reports negative working capital of USD -99.98 million, suggesting potential liquidity challenges. However, its strong asset growth and increasing sales volumeindicate a stable financial trajectory.

Business Operations and Industry Role

HD HYUNDAI VIETNAM SHIPBUILDING CO., LTD is engaged in shipbuilding and repair, focusing on constructing ships, processing steel structures, and manufacturing structural metal products. Its core business activities include:

• Building and repairing ships
• Processing and manufacturing steel structures
• Repair and maintenance of transport equipment (excluding motor vehicles and motorcycles)

The company operates both locally and internationally, serving major shipping corporations and offshore industries. With its strategic location in Khanh Hoa Province, HD HYUNDAI VIETNAM SHIPBUILDING CO., LTD is well-positioned to support Vietnam’s growing maritime economy, as well as international shipping and offshore energy projects.

Why HD HYUNDAI VIETNAM SHIPBUILDING CO., LTD Matters for Businesses and Investors

Vietnam’s shipbuilding industry has gained international recognition, with foreign investments driving technological advancements and manufacturing capabilities. As a major player in the sector, HD HYUNDAI VIETNAM SHIPBUILDING CO., LTD provides high-quality shipbuilding and repair services, backed by South Korean expertise and investment.

For companies seeking Vietnam business information, VANGUARD BUSINESS INFORMATION LLC (VBI)provides detailed Company Report Services, including:

• Legal status and business registration details
• Financial performance and risk analysis
• Shareholder insights and foreign investment analysis
• Industry trends and market positioning

Through VBI’s comprehensive business intelligence services, investors and stakeholders can assess opportunities, mitigate risks, and make data-driven decisions when engaging with HD HYUNDAI VIETNAM SHIPBUILDING CO., LTD and other companies in Vietnam’s shipbuilding and manufacturing sectors.