KOREA COPPER TECH VIETNAM CO., LTD

KOREA COPPER TECH VIETNAM CO., LTD (CÔNG TY TNHH ĐỒNG KỸ THUẬT KOREA VIỆT NAM) is a well-established copper wire and cable manufacturer operating in Vietnam’s growing electrical equipment industry. Established in July 2007 and headquartered in Ha Nam Province, the company has more than 18 years of operational experience in industrial manufacturing.

Legal Status and Corporate Profile

KOREA COPPER TECH VIETNAM CO., LTD is a limited liability company registered under Business ID and Tax Identification Number 0700250799. The company was licensed on 18 July 2007 by the Ha Nam Province Department of Planning and Investment.

The head office is located at Dong Van I Industrial Park, Dong Van Ward, Duy Tien Town, Ha Nam Province, Vietnam. As of the latest available data, charter capital is approximately USD 11.99 million, and paid-up capital exceeds USD 12 million. The company is privately held and employs 95 staff members.

Its core business focuses on manufacturing copper electric wire and cable, classified under the broader category of manufacturing other electrical equipment. Additional registered activities include plastics manufacturing and property-related trading.

Ownership and Management Structure

The company is chaired by Tran T. H., who is also the majority shareholder. The General Director is Tran V. H., and the Managing Director is Nguyen T. T.

Ownership structure reflects both domestic control and international linkage. Tran T. H. holds 69.23% of the company, Nguyen T. T. owns 17.62%, and South Korea–based Topmost Copper Tech Co., Ltd holds 13.15%. This composition suggests technical collaboration and cross-border industry experience, while maintaining Vietnamese majority control.

Financial Performance: Significant Rebound in 2024

During 2022–2024, the company demonstrated steady asset expansion and a strong recovery in operating performance.

Total assets increased from approximately USD 32.73 million in 2022 to USD 40.96 million in 2024. Owner’s equity rose from USD 10.18 million to USD 10.86 million during the same period, reflecting gradual capital strengthening.

The most notable improvement occurred in revenue and profit. Total sales reached nearly USD 91 million in 2024, up 37.66% year over year. Profit climbed sharply to approximately USD 570,000, marking a 412% increase compared to the previous year.

Although profit margins remain modest relative to total revenue, the sharp recovery suggests improved operational efficiency, stronger order volumes, or better cost management following weaker performance in 2023.

Working capital improved significantly to approximately USD 2.5 million, indicating improved short-term liquidity, though it remains moderate relative to overall revenue.

Industry Position and Operational Context

Operating within Vietnam’s electrical equipment and copper wire manufacturing segment, the company benefits from:

• Expansion of industrial zones and FDI-driven manufacturing

• Rising infrastructure investment

• Growing demand for electrical systems and power distribution networks

• Vietnam’s strategic role in regional electronics and manufacturing supply chains

However, the copper industry is inherently exposed to fluctuations in global copper prices, energy costs, and exchange rates. These factors can directly impact margins in a business where raw materials account for a significant share of total costs.

The presence of a Korean corporate shareholder may provide technological know-how, production standards, and supply chain integration advantages.

Risk and Stability Assessment

While revenue growth in 2024 was strong, several factors merit ongoing monitoring:

• Profit margins remain relatively thin.

• Working capital, though improved, is limited compared to total revenue.

• Exposure to raw material price volatility remains significant.

• The company operates at a medium scale with 95 employees and a moderate capital base.

Nevertheless, its 18-year operational history, stable equity growth, and expanding asset base suggest a durable manufacturing platform within Vietnam’s competitive industrial landscape.

Strategic Outlook

The strong rebound in 2024 indicates renewed momentum. If management sustains cost control and expands its customer base—particularly in industrial and export-driven segments- the company may further strengthen profitability.

With nearly two decades of operation, stable capitalization, and international technical linkage, KOREA COPPER TECH VIETNAM CO., LTD maintains a solid position in Vietnam’s copper wire manufacturing sector.

For deeper due diligence (including credit assessment, financial ratio analysis, litigation review, and director background verification), comprehensive business intelligence reports are available through VNBIS (Vanguard Business Information LLC), a leading provider of company intelligence and risk management services covering businesses in Vietnam and worldwide.