HYUNDAI WELDING VINA COMPANY LIMITED.

HYUNDAI WELDING VINA COMPANY LIMITED (CÔNG TY TNHH HYUNDAI WELDING VINA), also known as HW VINA CO., LTD, is a 100% foreign-owned enterprise established on September 24, 2007, and legally registered with the Department of Finance of Dong Nai Province under Business ID and TIN 3600921745. The company’s head office is strategically located in Nhon Trach 5 Industrial Park, Dong Nai Province, and is supported by representative offices in both Ho Chi Minh City and Hanoi, ensuring comprehensive market coverage across Vietnam.

As a subsidiary of HYUNDAI WELDING CO., LTD (South Korea), HYUNDAI WELDING VINA manufactures and trades welding consumables and specialized welding machinery, catering to sectors such as offshore structures, shipbuilding, heavy equipment, and industrial maintenance. With a focused product line that supports infrastructure and manufacturing projects, HYUNDAI WELDING VINA positions itself as a key player in Vietnam’s industrial development.

Under the leadership of Mr. SUNG NAK YOUL, a South Korean national serving as General Director, the company has shown consistent expansion and solid governance. It employs approximately 350 workers, demonstrating a lean but effective organizational structure for a company of its financial magnitude.

Financially, the company closed fiscal year 2023 with noticeable strength. Total assets reached USD 124.07 million, marking a 16.42% increase year-over-year. Sales climbed modestly to USD 112.94 million, a 5.77% increase compared to 2022, reflecting steady demand despite a global industrial slowdown. However, the most striking improvement lies in profitability. After years of fluctuation, HYUNDAI WELDING VINA recorded a profit of USD 7.69 million, an impressive 63.35% surge from the previous year. This profit growth far outpaced revenue growth, signaling significant internal efficiency gains, likely from streamlined operations, optimized sourcing, or favorable shifts in product mix.

Owner’s equity also rose to USD 72.82 million, improving 11.81% year-over-year. While the company remains heavily backed by its parent firm in South Korea, the consistent accumulation of equity reflects growing retained earnings and a healthier balance sheet, reinforcing its long-term sustainability in Vietnam.

The data presented here reflects the company’s financial performance through 2023. Clients who purchase the full report from VANGUARD BUSINESS INFORMATION LLC (VNBIS) will receive the latest and most up-to-date financial statements, along with a full risk assessment, legal profile, and credit analysis to support their business decisions.