LS CABLE & SYSTEM VIETNAM CO., LTD

LS CABLE & SYSTEM VIETNAM CO., LTD (CÔNG TY TNHH CÁP ĐIỆN VÀ HỆ THỐNG LS VIỆT NAM) is a key foreign-invested enterprise (FDI) in Vietnam’s industrial manufacturing landscape. Established on September 12, 2006, and legally registered under Tax Code: 3600840729, the company is headquartered at Nhon Trach II - Loc Khang Industrial Park, Hiep Phuoc Town, Nhon Trach District, Dong Nai Province, Vietnam.

As a wholly owned subsidiary of LS ECO ENERGY LTD (formerly LS CABLE & SYSTEM ASIA LTD) based in South Korea, LS CABLE & SYSTEM VIETNAM CO., LTD focuses on the manufacturing of various electrical cable products including Low Voltage Cable, UTP, and wiring devices. The company also engages in technical consultancy, machinery installation, and electrical equipment production. Its strategic presence includes a representative office in District 1, Ho Chi Minh City.

Despite being a market leader, the company’s recent financial indicators call for risk-sensitive monitoring. In 2023, total sales dropped by 19.16% to USD 163.62 million, while total assets fell 21.5% to USD 92.92 million. Most notably, net profit plunged into negative territory at USD -2.95 million, marking a 216.3% year-over-year decline, a signal of either declining margins or operational inefficiencies.

During the same period, owner’s equity decreased by 6.13%, landing at USD 45.2 million, and working capital declined to USD 18.5 million. This shrinking capital base raises concern for lenders and suppliers exposed to LS's payment cycle or inventory-based contracts.

It is precisely for evaluating such scenarios that Vanguard Business Information LLC (VBI) provides comprehensive services—including Vietnam litigation reports, business verification, and financial risk monitoring tools—designed to give manufacturers, creditors, and partners the insights needed to make well-informed decisions when dealing with high-capex FDI manufacturers like LS CABLE & SYSTEM VIETNAM CO., LTD.

The company employs over 500 staff and is managed by General Director Mr. Seo J. T., a South Korean national, alongside Chief Accountant Mr. Nguyen T. Q.. With export-driven revenues and dependency on international markets, financial volatility can have far-reaching effects, not only on operations but also on upstream and downstream partners.

As global supply chains evolve, understanding the risk dynamics of firms such as LS CABLE & SYSTEM VIETNAM CO., LTD becomes essential, not just for internal governance but for external stakeholders who rely on timely, verified, and private financial data.