LG ELECTRONICS VIETNAM HAI PHONG CO., LTD

LG Electronics Vietnam Hai Phong Co., Ltd. (LGEVH) is a key player in Vietnam’s consumer electronics manufacturing sector, specializing in audio-visual equipment, household electrical appliances, and electronic components. As a wholly owned subsidiary of LG Electronics Inc. (South Korea), the company has played a significant role in expanding LG’s global production network since its establishment in 2013.

Located in Trang Due Industrial Park, Hai Phong City, LGEVH benefits from Vietnam’s strong manufacturing ecosystem, strategic trade agreements, and access to international markets. With additional branches in Hanoi, Ho Chi Minh City, and Da Nang, the company ensures efficient distribution and service coverage nationwide.

Financial Strength and Market Performance

LGEVH has demonstrated strong financial growth, positioning itself as one of Vietnam’s top consumer electronics manufacturers. As of 2023, the company reported:

• Total assets of USD 1.57 billion, marking a 22.65% year-over-year increase.
• Annual sales revenue of USD 4.06 billion, reflecting a 17.35% rise from 2022.
• Net profit of USD 140.08 million, a 24.87% increase year-over-year, underscoring LG’s strong market presence and operational efficiency.

These figures highlight LGEVH’s ability to scale operations and maintain profitability, despite fluctuations in the global electronics supply chain. The company employs 3,000 workers, contributing significantly to Vietnam’s high-tech manufacturing sector and employment growth.

Business Operations and Technological Capabilities

LGEVH engages in the manufacturing and trading of consumer electronics, including televisions, home appliances, and multimedia systems. The company also specializes in electronic equipment repair, technical consultancy, and wholesale trade of computer-related products.

With R&D investments in smart home technology, AI-driven appliances, and energy-efficient solutions, LGEVH is aligned with global trends in digital transformation and sustainability. The company’s commitment to quality, innovation, and after-sales service has strengthened its brand loyalty among Vietnamese and international consumers.

Investment Intelligence and Business Risk Management

For investors and businesses assessing LGEVH’s financial stability, creditworthiness, and market potential, Vanguard Business Information LLC (VNBiS) provides comprehensive Company Credit Reports, Business Information, and Due Diligence Reports on companies in Vietnam. By offering risk management assessments and corporate financial analysis, VNBiS delivers crucial insights for supply chain partners, investment firms, and electronics distributors.

VNBiS specializes in corporate compliance verification, credit risk analysis, and market intelligence solutions, helping businesses navigate Vietnam’s competitive consumer electronics landscape. With Vietnam’s rapidly growing demand for smart home appliances and high-tech manufacturing, VNBiS ensures that investors and business partners receive accurate and actionable data.

Future Outlook and Strategic Expansion

As Vietnam solidifies its position as a global hub for electronics manufacturing, LGEVH is expected to expand production capacity, diversify its product portfolio, and integrate advanced technologies into its operations. The company’s investment in AI-driven appliances and energy-efficient products aligns with global sustainability goalsand enhances its competitive advantage in the market.

For businesses looking to analyze LGEVH’s investment potential, supply chain risks, or partnership opportunities, VNBiS provides trusted Due Diligence Reports, Company Credit Reports, and Market Intelligence services. By leveraging VNBiS’s expertise in Risk Management and Business Information, companies can confidently explore opportunities in Vietnam’s evolving electronics industry.