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LOTTE CHEMICAL VIETNAM COMPANY LIMITED

Active

Business ID 3603453728

84-251 / 3568 678 / 3514 755

LOTTE CHEMICAL VIETNAM COMPANY LIMITED

Active

Business ID 3603453728

84-251 / 3568 678 / 3514 755

LOTTE CHEMICAL VIETNAM COMPANY LIMITED

Active

Summary

Name:

LOTTE CHEMICAL VIETNAM COMPANY LIMITED

Business ID (TIN):

3603453728

Date of Registration:

29 Mar 2017

Registered Office:

Dong Nai Province Department of Planning and Investment

Address:

Nhon Trach 6A Industrial Subdivision, Nhon Trach 6 Industrial Park, Long Tho Commune, Nhon Trach District, Dong Nai Province, Vietnam

Phone:

84-251 / 3568 678 / 3514 755

Financial Statement:

2020, 2021, 2022, 2023, 2024

LOTTE CHEMICAL VIETNAM COMPANY LIMITED (CÔNG TY TNHH LOTTE CHEMICAL VIỆT NAM) is a wholly foreign-owned enterprise that plays a pivotal role in Vietnam’s industrial materials sector. Established on March 29, 2017, under Business ID 3603453728, the company’s head office is located in Nhon Trach 6A Industrial Subdivision, Nhon Trach District, Dong Nai Province, with a branch in Yen Phong Industrial Park, Bac Ninh Province. Operating under LOTTE CHEMICAL CORPORATION (South Korea), the company represents one of the primary chemical manufacturing arms of the global Lotte Group.

Strategic Position in the Plastic and Polymer Industry

LOTTE CHEMICAL Vietnam specializes in the manufacture of plastics and synthetic rubber in primary forms, with its main product being plastic beads used in a wide range of industrial and consumer applications. As part of the Lotte Group’s integrated operations in Vietnam, which span over 20 subsidiaries across real estate, retail, energy, and manufacturing, this company supports the group’s chemical and materials segment. In April 2020, Lotte Chemical Vietnam acquired Vina Polytech Company Limited, inheriting its factory and production equipment, which have been operational since 2016. This move expanded its technological capacity and strengthened its foothold in the local market.

Leadership and Corporate Structure

The company is led by Mr. Yang J. Y., Chairman cum General Director, supported by Ms. Trinh T. H. as Chief Accountant and Mr. Choi J. G. as Chief Financial Officer. This management team reflects the strong Korean-Vietnamese collaboration model that has become typical among multinational manufacturers in Vietnam. LOTTE CHEMICAL CORPORATION owns 100 percent of the charter capital, amounting to USD 5.63 million, while the total registered investment capital stands at USD 24.03 million, with an investment duration of 38 years.

Financial Overview: Growth with Resilience

As of fiscal year 2023, the company’s total assets reached USD 61.59 million, marking a 21.97 percent increase from the previous year. Owner’s equity also rose by 30.63 percent to USD 38.17 million, showing consistent capital accumulation and reinvestment of profits. Despite a 16 percent drop in sales to USD 105.14 million, net profit surged 44 percent to USD 8.95 million, driven by cost efficiency and higher margins in specialty product lines.

The company maintained strong liquidity with working capital of USD 22.54 million and interest-bearing debt of USD 4.96 million, a conservative leverage level relative to total equity. EBITDA reached USD 12.52 million, reflecting an impressive 11.9 percent EBITDA margin, outperforming industry averages.

Operational Stability and Market Presence

LOTTE CHEMICAL Vietnam’s operations are supported by stable relationships with major global clients such as Panasonic, Pegatron, Sojitz Thailand, and LOTTE CHEMICAL California Inc., alongside key South Korea and China suppliers. Its Dong Nai and Bac Ninh manufacturing facilities allow it to serve domestic and export markets efficiently. The company’s credit rating is classified as Grade C (Average Risk) under the VNBIS credit model. This indicates that transactions can be conducted under periodic monitoring, with no record of overdue tax or legal disputes.

Outlook and Future Direction

While the company's sales declined temporarily in 2023 due to a slowdown in global demand for plastic materials, its profit growth, high liquidity, and strengthened equity base demonstrate financial health and operational prudence. Its continued investment in technology and the parent group’s strategic presence in Vietnam’s industrial landscape position LOTTE CHEMICAL Vietnam for long-term sustainability.

The company will likely focus on developing eco-friendly materials, improving production automation, and expanding into advanced polymers, aligning with Lotte Group’s global green transformation agenda. With steady performance and disciplined risk management, LOTTE CHEMICAL Vietnam remains a cornerstone of Vietnam’s chemical manufacturing sector and a reliable partner for both domestic and international business clients

Legal Profile

English Name:

LOTTE CHEMICAL VIETNAM COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH LOTTE CHEMICAL VIỆT NAM

Short Name:

LCVN

Business ID (TIN):

3603453728

Date of Registration:

29 Mar 2017

Registered Office:

Dong Nai Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ YANG J

+ TRINH T.H

+ CHOI J

Address:

Nhon Trach 6A Industrial Subdivision, Nhon Trach 6 Industrial Park, Long Tho Commune, Nhon Trach District, Dong Nai Province, Vietnam

Phone:

84-251 / 3568 678 / 3514 755

Branch:

Road YP8-1, Yen Phong Industrial Park, Tam Da Commune, Bac Ninh Province, Vietnam

Business Sector

Key business lines:

VSIC:

2013 Manufacture of plastics and synthetic rubber in primary forms

Industry Sales Growth

CAGR (2019 - 2023)

4.66%

YoY (2023)

-9.31%

Companies by industry

Company distribution and propportions

1,279

0.0440%

Key Industry Players

Top 10 companies in manufacture of plastics and synthetic rubber in primary forms industry

the southern rubber industry joint stock company vina plasticizers chemical company limited agc chemicals vietnam company limited european plastic joint stock company tpc vina plastic and chemical corporation limited. phuc thanh vinh rubber co.,ltd viet thanh plastic trading and manufacturing joint stock company thuan loi rubber company limited linh huong production trading company limited tien thanh limited company

Payment History

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Financial Performance

Assets	7.75%
Owner’s Equity	-52.98%
Working Capital	7.26%
Net Worth	-69.72%
Sales	-2.44%
Operating income	93.90%
EBIT	-57.97%
Gross Profit Margin	71.80%
Debt to EBITDA	-13.34%

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Specific Questions About LOTTE CHEMICAL VIETNAM COMPANY LIMITED

When did LOTTE CHEMICAL VIETNAM COMPANY LIMITED start operating?

LOTTE CHEMICAL VIETNAM COMPANY LIMITED was started in 29 Mar 2017

What industry does LOTTE CHEMICAL VIETNAM COMPANY LIMITED operate in?

LOTTE CHEMICAL VIETNAM COMPANY LIMITED is operating in "Manufacture of plastics and synthetic rubber in primary forms" industry

How can I contact LOTTE CHEMICAL VIETNAM COMPANY LIMITED?

LOTTE CHEMICAL VIETNAM COMPANY LIMITED phone numbers is 84-251 / 3568 678 / 3514 755

What adverse news is there about LOTTE CHEMICAL VIETNAM COMPANY LIMITED?

LOTTE CHEMICAL VIETNAM COMPANY LIMITED’s has no negative news

What is stock symbol of LOTTE CHEMICAL VIETNAM COMPANY LIMITED?

LOTTE CHEMICAL VIETNAM COMPANY LIMITED is not listed company

Where is the location of LOTTE CHEMICAL VIETNAM COMPANY LIMITED?

LOTTE CHEMICAL VIETNAM COMPANY LIMITED is located at Nhon Trach 6A Industrial Subdivision, Nhon Trach 6 Industrial Park, Long Tho Commune, Nhon Trach District, Dong Nai Province, Vietnam

What is LOTTE CHEMICAL VIETNAM COMPANY LIMITED’s business registration?

LOTTE CHEMICAL VIETNAM COMPANY LIMITED business registration is 3603453728

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LOTTE CHEMICAL VIETNAM COMPANY LIMITED

LOTTE CHEMICAL VIETNAM COMPANY LIMITED

LOTTE CHEMICAL VIETNAM COMPANY LIMITED

Strategic Position in the Plastic and Polymer Industry

Leadership and Corporate Structure

Financial Overview: Growth with Resilience

Operational Stability and Market Presence

Outlook and Future Direction

Company Profile Report

Company Standard Report

Comprehensive Report

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LOTTE CHEMICAL VIETNAM COMPANY LIMITED

LOTTE CHEMICAL VIETNAM COMPANY LIMITED

LOTTE CHEMICAL VIETNAM COMPANY LIMITED

Strategic Position in the Plastic and Polymer Industry

Leadership and Corporate Structure

Financial Overview: Growth with Resilience

Operational Stability and Market Presence

Outlook and Future Direction

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

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