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LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

Active

Business ID 0201741181

84-225 / 6258 051 / 6258 211

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

Active

Business ID 0201741181

84-225 / 6258 051 / 6258 211

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

Active

Summary

Name:

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

Business ID (TIN):

0201741181

Date of Registration:

05 Sep 2016

Registered Office:

Hai Phong City Department of Planning and Investment

Address:

Lot I-4, Trang Due Industrial Park, Belongs to Dinh Vu - Cat Hai Economic Zone, Hong Phong Ward, An Duong District, Hai Phong City, Vietnam

Phone:

84-225 / 6258 051 / 6258 211

Financial Statement:

2020, 2021, 2022, 2023, 2024

LG Innotek Vietnam Haiphong Company Limited (LGITVH) is a leading foreign direct investment (FDI) enterprisespecializing in the manufacturing of electronic components and boards. Established in 2016, the company operates from Trang Due Industrial Park in the Dinh Vu – Cat Hai Economic Zone, Hai Phong City, positioning itself as a key supplier in Vietnam’s rapidly growing electronics industry. As a subsidiary of LG Innotek Co., Ltd. (South Korea), which holds a 100% ownership stake, the company plays a vital role in producing high-tech camera modules for mobile phones and other consumer electronics.

Financial Growth and Market Expansion

LG Innotek Vietnam Haiphong has demonstrated remarkable financial performance, reinforcing its role as a top-tier electronics manufacturer in Vietnam. As of 2023, the company’s total assets surged to USD 1.67 billion, reflecting a 48.28% year-over-year growth. Its sales revenue also climbed to USD 4.3 billion, a 34.66% increase from 2022, indicating strong market demand and production expansion. Additionally, profitability soared by 62.82%, reaching USD 171.05 million, showcasing LGITVH’s ability to scale operations efficiently and capitalize on Vietnam’s favorable investment environment.

Despite a global downturn in electronics demand in recent years, LG Innotek Vietnam Haiphong has remained resilient and competitive, leveraging Vietnam’s skilled workforce, trade agreements, and strategic location for exports. The company employs 3,900 workers, contributing significantly to the growth of the high-tech manufacturing sector in Vietnam.

Business Activities and Technological Edge

LG Innotek Vietnam Haiphong is primarily involved in the manufacturing of camera modules for mobile devices, a critical component in today’s smartphone and consumer electronics industry. In addition to its core manufacturing operations, the company is engaged in technical testing and analysis, electronic component production, and consumer electronics manufacturing.

With LG’s reputation for innovation and high-quality technology, LGITVH continues to expand its production capacity and technological capabilities, positioning itself as a crucial supplier to global smartphone brands and electronics manufacturers.

Business Intelligence and Risk Management for Investors

For businesses and investors interested in assessing LG Innotek Vietnam Haiphong’s financial stability, market competitiveness, and investment potential, Vanguard Business Information LLC (VNBiS) offers comprehensive business intelligence solutions. Through Company Credit Reports, Due Diligence Reports on companies in Vietnam, and Risk Management services, VNBiS provides valuable insights for financial institutions, corporate investors, and supply chain partners.

VNBiS specializes in Business Information and Market Intelligence, helping companies navigate Vietnam’s competitive electronics manufacturing industry. By conducting detailed financial risk analysis, corporate compliance assessments, and business verification services, VNBiS ensures investors have accurate and reliable databefore making strategic decisions.

The Future of LG Innotek Vietnam Haiphong in the High-Tech Industry

As Vietnam emerges as a global hub for electronics manufacturing, LG Innotek Vietnam Haiphong is expected to play an increasingly pivotal role in supply chain expansion and technological advancements. With continued investments in R&D, production capacity, and supply chain optimization, the company is poised for long-term growth.

For companies seeking investment opportunities, supply chain partnerships, or market entry strategies in Vietnam’s electronics industry, VNBiS offers trusted Company Credit Reports, Due Diligence Reports, and Business Information solutions. By leveraging VNBiS’s expertise in Risk Management and Corporate Intelligence, businesses can mitigate risks and make well-informed decisions in one of the fastest-growing manufacturing economies in Southeast Asia

Legal Profile

English Name:

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH LG INNOTEK VIỆT NAM HẢI PHÒNG

Short Name:

LGITVH

Business ID (TIN):

0201741181

Date of Registration:

05 Sep 2016

Registered Office:

Hai Phong City Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

PARK H

Address:

Lot I-4, Trang Due Industrial Park, Belongs to Dinh Vu - Cat Hai Economic Zone, Hong Phong Ward, An Duong District, Hai Phong City, Vietnam

Phone:

84-225 / 6258 051 / 6258 211

Business Sector

Key business lines:

VSIC:

2610 Manufacture of electronic components and boards

NACE:

26.1 Manufacture of electronic components and boards

Industry Sales Growth

CAGR (2019 - 2023)

4.75%

YoY (2023)

3.18%

Companies by industry

Company distribution and propportions

3,354

0.1154%

Key Industry Players

Top 10 companies in manufacture of electronic components and boards industry

jabil vietnam company limited canon vietnam company limited fuhong precision component(bac giang) company limited intel products vietnam co., ltd samsung electro-mechanics vietnam co.,ltd samsung display vietnam co., ltd. new wing interconnect technology (bac giang) co.,ltd bhflex vina company limited lg innotek vietnam haiphong company limited luxshare - ict (van trung) company limited

Payment History

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Financial Performance

Assets	-72.16%
Owner’s Equity	38.78%
Working Capital	63.20%
Net Worth	73.18%
Sales	72.13%
Operating income	-91.00%
EBIT	29.53%
Gross Profit Margin	21.86%
Debt to EBITDA	82.89%

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Specific Questions About LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

When did LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED start operating?

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED was started in 05 Sep 2016

What industry does LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED operate in?

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED is operating in "Manufacture of electronic components and boards" industry

How can I contact LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED?

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED phone numbers is 84-225 / 6258 051 / 6258 211

What adverse news is there about LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED?

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED’s has no negative news

What is stock symbol of LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED?

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED is not listed company

Where is the location of LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED?

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED is located at Lot I-4, Trang Due Industrial Park, Belongs to Dinh Vu - Cat Hai Economic Zone, Hong Phong Ward, An Duong District, Hai Phong City, Vietnam

What is LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED’s business registration?

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED business registration is 0201741181

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LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

Financial Growth and Market Expansion

Business Activities and Technological Edge

Business Intelligence and Risk Management for Investors

The Future of LG Innotek Vietnam Haiphong in the High-Tech Industry

Company Profile Report

Company Standard Report

Comprehensive Report

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LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

Financial Growth and Market Expansion

Business Activities and Technological Edge

Business Intelligence and Risk Management for Investors

The Future of LG Innotek Vietnam Haiphong in the High-Tech Industry

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

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