LG INNOTEK VIETNAM HAIPHONG COMPANY LIMITED

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