LIOA ELECTRICAL EQUIPMENT CO.,LTD

LIOA ELECTRICAL EQUIPMENT CO., LTD (Vietnamese name: CÔNG TY TNHH THIẾT BỊ ĐIỆN LIOA), legally registered under Business ID and Tax Identification Number 0900246535, is a long-established player in Vietnam’s electrical manufacturing industry. The company, also known as LIOA ELECTRIC, was founded on December 1, 2010, and is registered with the Department of Planning and Investment of Hung Yen Province. Its head office is located in Dinh Du Hamlet, Dinh Du Commune, Van Lam District, Hung Yen Province.

LIOA ELECTRIC operates as a privately held limited liability company with a charter capital of USD 18.78 million, fully paid as of the end of 2023. The company is led by Mr. Nguyen C. L., who serves as Chairman and is also a major shareholder. Supporting him in executive leadership are Mr. Nguyen T., the General Director, and Mr. Dang D. T., Deputy General Director. The firm employs approximately 300 workers, contributing to the production and distribution of high-quality electrical goods across Vietnam and abroad.

The company’s core expertise lies in manufacturing electric cables, magnet wires, copper busbars, electromagnetic wires, and related products. Its registered business activities span across electrical wire and cable manufacturing, consumer electronics, lighting equipment, household appliances, and various specialized wholesale and construction installation services. This broad business scope allows LIOA ELECTRIC to participate actively in both industrial and infrastructure development markets.

Financially, LIOA has demonstrated a mixed performance in recent years. In 2023, the company recorded total sales of USD 141.4 million—an impressive 35.74% year-over-year increase, reflecting a strong rebound in market demand. Profit also surged dramatically to USD 1.8 million, up 254.3% from the previous year, signaling improved operational efficiency. However, total assets fell by nearly 10% to USD 68.52 million, and owner’s equity declined by 12.71% to USD 19.04 million. Notably, the company reported a negative working capital of USD -4.31 million in 2023, raising concerns about short-term liquidity and operational flexibility, an important consideration for those utilizing risk management services.

The financial results show that while LIOA ELECTRIC has regained profitability and grown its revenue base, its balance sheet stability may benefit from strengthened capital reserves or optimized cash flow management. Nevertheless, its strong market presence, experienced leadership, and production capabilities continue to affirm its reputation in Vietnam’s electrical equipment industry.

For business verification service providers and professionals seeking credible Vietnam private financial data, LIOA ELECTRIC represents a case study of resilience and adaptation. Despite external pressures and financial fluctuations, the company has sustained its operations, expanded sales, and retained a leading position in the national electrical goods manufacturing segment.

VANGUARD BUSINESS INFORMATION LLC (VBI), a recognized source of credit intelligence and risk analysis in Vietnam, continues to monitor the performance and compliance status of firms like LIOA ELECTRIC. Through its comprehensive business verification and risk management service offerings, VBI supports decision-makers with data-driven insights into Vietnam’s evolving corporate landscape.