LOCTEK ERGONOMICS VIETNAM COMPANY LIMITED

LOCTEK ERGONOMICS VIETNAM COMPANY LIMITED has grown into one of the most important foreign invested manufacturers in southern Vietnam’s industrial landscape. Over nearly a decade of operations, LOCTEK ERGONOMICS VIETNAM COMPANY LIMITED has expanded its production of monitor brackets, lifting tables and ergonomic office systems from its facility in Long Giang Industrial Park. Supported by international ownership and rising global demand for workspace equipment, LOCTEK ERGONOMICS VIETNAM COMPANY LIMITED continues to strengthen its position in a highly scalable and technology influenced segment of Vietnam’s light manufacturing sector.

Leadership Structure and Ownership Control
The company is led by Chairman Xiang Le Hong and General Director Chang Chong Chou, both of Chinese nationality, as shown on page 1. Ownership is fully concentrated in Loctek Ergonomic Technology Corp from Ningbo, China, holding 100 percent of the charter capital according to the shareholder table on page 2. This structure provides clear corporate alignment with the global parent group, but it also means the Vietnamese entity’s long term direction and investment cycles depend entirely on decisions from overseas.

Core Manufacturing Activities and Market Positioning
Loctek Vietnam specializes in producing monitor brackets, lifting tables and modern office systems, which positions it within a fast growing global niche driven by ergonomic work trends. The company operates from Lots 56C, 57 and 58B in Long Giang Industrial Park, a strategic manufacturing hub in Tien Giang Province. With a workforce of 650 employees, the company has scale that allows for continuous output across several high demand product categories. The business line section on page 2 highlights manufacturing of fabricated metal products as its formal registered activity, confirming a focused production model rather than diversified trading.

Financial Performance and Expansion Indicators
The charts on page 1 show a company experiencing strong upward momentum. Total assets rose to 82.51 million USD in 2023, continuing a multiyear expansion trend. Sales increased to 75.45 million USD, and profit more than doubled to 15.73 million USD, reflecting significant efficiency gains. Equity also grew sharply to 55.53 million USD. Working capital reached 41.75 million USD, indicating comfortable liquidity. These patterns suggest an enterprise in the midst of scale up, supported by strong demand and improved cost structure.

Risk Considerations in an Expanding Manufacturing Operation
Despite impressive growth, Loctek Vietnam’s reliance on external markets and imported materials exposes it to fluctuations in global supply chains. Its parent company controls capital and strategic decisions, which limits local flexibility. Rapid expansion in assets and profit, as seen on page 1, must be monitored for sustainability, especially in a category where global demand can shift alongside economic cycles. The concentration of leadership among foreign executives also suggests that knowledge transfer and local operational depth require continuous strengthening.

Business Insight
The most telling pattern in Loctek Vietnam’s performance is the extraordinary profit rebound in 2023. According to the profit bar on page 1, profit surged from 6.18 million USD to 15.73 million USD, a growth rate of 154.3 percent. This jump is far larger than the increase in sales, which grew by only 16.7 percent. Such a sharp divergence indicates that the company may have optimized production efficiency or benefited from a significant shift in product mix toward higher margin items. It may also reflect improvements in automation or supply chain integration. This type of margin expansion is unusual for metal fabrication manufacturers in Vietnam, making Loctek Vietnam particularly interesting for investors seeking companies with strong operational leverage.

VNBIS Support for Investor and Supply Chain Decisions
Vanguard Business Information LLC provides a complete financial assessment, solvency analysis, ownership verification and operational due diligence for LOCTEK ERGONOMICS VIETNAM COMPANY LIMITED. The VNBIS Company Comprehensive Report offers full financial statements, credit indicators, risk diagnostics and compliance checks needed by investors, procurement teams and business partners evaluating long term collaboration. For clear, data backed and forward looking decision making, the full report at www.vnbis.com provides essential insight beyond the executive summary.