KOLON INDUSTRIES VIET NAM: A South Korean Powerhouse Manufacturing for Vietnam’s Auto Sector

In the heart of Vietnam’s industrial province of Binh Duong, KOLON INDUSTRIES VIET NAM CO., LTD stands as a leading foreign-invested manufacturer of advanced automotive materials, most notably airbags and tire fibers. Backed entirely by South Korea’s Kolon Industries, Inc., this enterprise blends cutting-edge technology with a strategic geographic position to serve Vietnam's growing demand for high-performance vehicle components.

Founded in July 2016, Kolon Vietnam is registered as a one-member limited liability company under business ID 3702483113. Its head office is located at Beauty City Industrial Cluster in Tan Uyen City, with two additional branches in Uyen Hung and My Phuoc 3 Industrial Parks—making it one of the most geographically entrenched manufacturers in southern Vietnam’s auto supply chain.

At first glance, the company’s 2023 financials show impressive growth momentum. Kolon Industries Vietnam reported USD 132.3 million in sales, up 18.56% year-over-year. Its net profit rose dramatically to USD 3.61 million, a turnaround from prior years of losses. Total assets reached USD 71.7 million, and equity climbed to USD 14.4 million, indicating growing investor confidence and internal capital strength. The most striking figure is the 2,283% increase in profit over the previous year—a clear signal that operational performance has finally caught up with infrastructure investment.

However, the report also reveals several weaknesses. The company still posted a negative working capital of USD 744,000, suggesting short-term liquidity pressure despite rising revenues. This is a key indicator to monitor, especially in manufacturing sectors where inventory cycles and raw material costs are volatile. Moreover, the company suffered consecutive losses in 2021 and 2022, raising questions about past cost management and sustainability during industry downturns.

Leadership is held by Mr. Kim Changhyoung, a South Korean national who serves as General Director. Under his guidance, Kolon Industries Vietnam has expanded its manufacturing capacity and optimized production lines for airbags and fiber components used in both local and exported vehicles. The company employs a growing workforce and maintains one of the largest FDI-funded automotive material facilities in Vietnam.

Kolon’s 100% ownership by Kolon Industries, Inc. of South Korea provides technology transfer, quality control, and long-term funding, giving it an edge over smaller, local competitors. In a country where many firms rely on licensing or partial joint ventures, Kolon’s direct investment and vertically integrated model make it unique among foreign suppliers in Vietnam’s auto parts industry.

From a market intelligence perspective, VANGUARD BUSINESS INFORMATION LLC (VBI) categorizes KOLON INDUSTRIES VIET NAM as a medium-risk, high-growth enterprise—worthy of strategic partnerships but requiring close monitoring of cash flow and capital efficiency. Stakeholders interested in supplying, partnering, or investing in the company should review detailed credit reports, litigation records, and financial assessments available exclusively through VBI.

To explore Kolon’s profile and thousands of other FDI or local manufacturing firms, visit www.vnbis.com — Vietnam’s leading source for private business verification, risk analysis, and financial insight.