INTOPS VIETNAM COMPANY LIMITED

INTOPS VIETNAM COMPANY LIMITED: Profitable and Well-Capitalized, But Facing Revenue Decline

INTOPS VIETNAM COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH INTOPS VIỆT NAM) is a South Korean-invested electronics manufacturer based in Yen Phong Industrial Park, Bac Ninh Province. The company, registered under Tax Code (TIN): 2300323220, has operated since February 18, 2008, and employs around 1,700 workers across its Bac Ninh and Thai Nguyen facilities.

Specializing in electronic components for smartphones, iPads, AirPods, and smart devices, INTOPS VIETNAM is led by General Director Mr. Kim Jae Kyung, who holds a minority stake in the company. The majority ownership belongs to INTOPS CO., LTD (South Korea) with 51%, reinforcing the firm’s role as a regional production arm of a global electronics group.

Financially, INTOPS VIETNAM remains solid but is navigating a period of revenue contraction. In 2023, sales fell by 31.62% to USD 242.13 million, continuing a downward trend since 2021. However, despite the shrinking top line, the company reported a healthy profit of USD 15.67 million, though it was 36.34% lower than the previous year.

Key strengths lie in its balance sheet: assets rose to USD 197.63 million, and owner’s equity increased to USD 168.79 million, with working capital exceeding USD 124 million. These numbers suggest a well-capitalized, cash-rich operation that maintains profitability even amid revenue headwinds.

In short, INTOPS VIETNAM COMPANY LIMITED is a financially strong, export-focused manufacturer with impressive internal reserves. While its revenue decline should not be ignored, its profitability, equity base, and Korean parent backing make it a low-risk, stable partner in Vietnam’s electronics manufacturing sector.

For strategic evaluations or competitor benchmarking, VANGUARD BUSINESS INFORMATION LLC (VBI) offers deep-dive reports and verified financial insights on Vietnam’s FDI landscape.