LS ELECTRIC VIETNAM CO., LTD

LS ELECTRIC VIETNAM CO., LTD (CÔNG TY TNHH LS ELECTRIC VIỆT NAM) is one of Vietnam’s most established foreign-invested manufacturers in the electrical equipment sector. Operating under business ID 0100148923 and headquartered in Yên Phong Industrial Park, Bắc Ninh, the company has been active since 1997, with more than 28 years of continuous presence in Vietnam’s industrial landscape.

Wholly owned by LS ELECTRIC CO., LTD. of South Korea, LS Electric Vietnam specializes in producing medium and low-voltage switchgear, transformers, control devices, electrical cabinets, and automation solutions. Beyond manufacturing, the company supports Vietnam’s energy and industrial sectors through maintenance services, commissioning for power substations, and deployment of smart-energy systems. Its widespread footprint includes representative offices in both Hanoi and Ho Chi Minh City, enabling nationwide technical and commercial reach.

The company employs 440 workers, with operational leadership provided by General Director Choi J., who oversees a rapidly growing operation. According to the financial summary on page one, LS Electric Vietnam delivered a strong performance in 2024. Total assets rose to USD 73.71 million, up nearly 30% year-over-year, suggesting new investments in production capacity or inventory expansion. Revenue climbed to USD 109.14 million, representing almost 20% growth, confirming strong market demand for industrial electrical equipment.

The company’s profitability improved substantially. Net profit doubled to USD 4.25 million, reflecting a ninety-percent year-over-year increase after a significant turnaround from 2022, when the company posted a net loss. Equity grew to USD 20.75 million, driven by retained earnings and shareholder support. Working capital also surged to USD 5.48 million, up more than 130%, strengthening liquidity for operations and new orders.

The financial charts on page one clearly show upward momentum in sales and profit, along with a stable and strengthening balance sheet. With decades of brand presence, advanced Korean technology, and expanding automation capabilities, LS Electric Vietnam is well-positioned as a leading supplier for Vietnam’s power infrastructure, industrial plants, and smart-energy transformation.