KIM LONG MOTOR HUE JOINT STOCK COMPANY: A Bold New Player in Vietnam’s Automotive Manufacturing Landscape

As Vietnam accelerates its ambitions to become a regional manufacturing hub for vehicles and industrial transport solutions, KIM LONG MOTOR HUE JOINT STOCK COMPANY (Công Ty Cổ Phần Kim Long Motor Huế) is positioning itself as a significant emerging force. Backed by a robust capital foundation, a diverse business portfolio, and rapid asset growth, Kim Long Motor Hue represents a new generation of Vietnamese automotive enterprises built for both domestic and export competitiveness.

Founded on April 19, 2018, and headquartered along the National Road 1A Connection Route near Chan May Port in Hue City, Kim Long Motor Hue benefits from an ideal strategic location between North and South Vietnam. This geographic advantage facilitates convenient logistics, port access, and proximity to both domestic suppliers and foreign trade routes.

Legally registered as a joint stock company, Kim Long Motor Hue operates as a privately held entity under Business ID 3301626861. The company was incorporated with a charter capital of approximately USD 163.39 million, of which USD 27.94 million has been fully paid up as of December 31, 2023. The company employs a workforce of over 2,500 people and maintains a strong local governance structure, led by Chairman Nguyen Huu Luan and General Director Dao Viet Anh. Supporting them is Deputy General Director Ning Ai Zhong, a Chinese national, emphasizing the company's international orientation.

From a financial perspective, the company’s total assets saw a dramatic expansion in 2023, growing by over 480% year-over-year to reach USD 176.36 million. This leap in capital assets was not matched by immediate revenue generation, as the company reported zero sales and zero profits during the same period. Despite the absence of operational income, Kim Long Motor Hue maintains a positive net worth of USD 27.91 million and working capital of over USD 54 million, indicating strong financial stability and significant liquidity reserves. These conditions suggest that the company is currently in an aggressive investment and capacity-building phase, laying the groundwork for future commercial production.

Kim Long Motor Hue is engaged in a wide range of activities, with its primary focus on the assembly of buses, trucks, and cars. In addition, the company is licensed to engage in numerous supplementary business lines, including wholesale of metals and construction materials, vehicle sales and repairs, motorcycle trading, and even quarrying and mineral processing. It also operates in specialized areas such as the manufacture of trailers and coachwork for vehicles, renting and leasing of machinery and motor vehicles, and industrial design. This diversification reflects a long-term strategy of vertical integration across the transportation, logistics, and construction industries.

Ownership is concentrated in the hands of KIM LONG NAM JOINT STOCK COMPANY, which holds a commanding 90% stake. Two individual Vietnamese shareholders—Pham Dang Quan and Tran Dang Quang—hold 5% each. However, the current shareholding may have changed as the report notes the founding structure has not yet been updated in official records.

Although the company has not yet posted revenue, its rapid asset growth and capital infusion have made it one of Vietnam’s most closely watched industrial startups. The company’s proximity to Chan May Port gives it natural access to export markets, suggesting it may soon compete not just locally, but within the broader ASEAN and Asia-Pacific automotive landscape.

From a business intelligence perspective, VANGUARD BUSINESS INFORMATION LLC (VBI) rates Kim Long Motor Hue as an emerging medium-risk enterprise with high potential and significant capital backing. Investors, suppliers, and financial institutions are encouraged to monitor its development closely, particularly its transition from infrastructure buildup to revenue-generating operations.

Before entering into contracts, credit agreements, or partnerships with KIM LONG MOTOR HUE JOINT STOCK COMPANY, stakeholders are strongly advised to perform comprehensive due diligence. VBI offers full business verification reports, litigation record checks, financial ratio analysis, and market comparison tools to support secure and strategic business decisions.

For full access to reports on Kim Long Motor Hue or any company operating in Vietnam, visit www.vnbis.com — your trusted source for private financial data, credit assessment, and corporate transparency.