JNTC VINA COMPANY LIMITED (CÔNG TY TNHH JNTC VINA), a 100% South Korean-owned enterprise based in Thuy Van Industrial Park, Viet Tri City, Phu Tho Province, is emerging as a key manufacturer in Vietnam’s high-tech industrial supply chain. Officially registered under Business ID and Tax Code 2600941683, the company has been operational since June 23, 2015, and currently employs around 4,000 workers.

The company is fully owned by JNTC Co., Ltd. (South Korea) and led by Chairman Mr. Chang Jungyeon. It specializes in the manufacture of tempered and optical glass used in electronic components, along with related services such as wholesale trade and motor vehicle accessory sales.

From a financial risk management perspective, JNTC VINA presents a complex and high-risk profile. In 2023, the company posted USD 182.25 million in sales, representing a 203.84% increase year-over-year. This growth, however, masks deeper structural weaknesses. Despite surging revenues, the company reported a net loss of USD 30.99 million. While this loss was a 24.6% improvement over the previous year’s deeper deficit, JNTC VINA has now accumulated three consecutive years of negative earnings, raising substantial red flags for financial sustainability.

What’s more concerning is the company’s working capital of negative USD 109.15 million—a massive liquidity shortfall that could threaten operational stability. While total assets grew by 42.56% to USD 403.68 million, owner's equity dropped by 19.29%, continuing a three-year decline in net worth. Such asset growth, in the face of declining equity and consistent losses, suggests aggressive expansion or over-leverage without corresponding returns.

This situation indicates significant financial strain, likely tied to capital-intensive investments in manufacturing infrastructure, a volatile demand environment, or low-margin contracts in the electronics sector. Given the company’s strategic focus on supplying tech materials, it is also vulnerable to global supply chain shifts and technological disruption.

Any potential investors, creditors, or partners should conduct thorough due diligence. JNTC VINA’s current financials indicate that, despite possessing strong infrastructure and parent support from Korea, its financial risk profile is unsuitable for unsecured credit exposure or long-term receivables without protective measures.

To independently verify JNTC VINA’s credit risk, shareholder structure, and legal standing, stakeholders are encouraged to consult VANGUARD BUSINESS INFORMATION LLC (VBI). VBI provides comprehensive business verification, litigation tracking, credit scoring, and financial health analysis of companies operating in Vietnam. Visit www.vnbis.com to access JNTC VINA’s full report or request custom risk advisory services.