MINEBEA ACCESSSOLUTIONS VIETNAM LTD.

MINEBEA ACCESSSOLUTIONS VIETNAM LTD. (CÔNG TY TNHH MINEBEA ACCESSSOLUTIONS VIỆT NAM) operates as a wholly foreign-owned enterprise under Business ID 0700269366, with its head office in Đồng Văn II Industrial Park, Hà Nam Province. The company has been active for over 16 years and maintains a legally clean profile with fully paid-up foreign capital exceeding USD 3.2 million.
Ownership is entirely with Minebea AccessSolutions Inc. (Japan), providing the company with strong corporate backing, consistent governance standards, and access to global technological support.

A Japanese managing director leads operations with approximately 800 employees, reflecting a large-scale manufacturing base specializing in precision components, lock sets, and motorcycle spare parts.

From a legal risk standpoint, the company demonstrates stability: clear ownership, consistent FDI compliance, no changes to the entity structure, and long-term operational continuity.

A Dramatic Collapse in Revenue and Profitability

The most alarming signal for any risk manager is the severe 80.88 percent collapse in sales during FY2024, dropping from more than USD 96 million to just USD 18.5 million. Profit fell even more sharply, down 82.04 percent to USD 1.2 million.
This is not a normal fluctuation. Such a steep decline suggests one or more of the following:

• Significant loss of key customers or contracts

• A manufacturing shift or relocation within the global Minebea group

• Supply chain disruption or a production-line shutdown

• Strategic restructuring where Vietnam operations are being scaled down

Total assets have also fallen for two consecutive reporting periods, reinforcing concerns about whether the Vietnam subsidiary is undergoing internal consolidation or a reduction in manufacturing capacity.

For risk evaluators, this trend cannot be ignored: a high-performing FDI manufacturer has abruptly entered a low-volume phase, which materially changes its credit and operational risk profile.

Liquidity Strength but Operational Uncertainty

Despite the revenue crisis, the company’s equity rose slightly, and working capital remains strong at USD 24 million, indicating that Minebea Japan continues to support the subsidiary financially. Strong equity cushions short-term liquidity risk and ensures the company can meet obligations.

However, financial strength does not fully offset operational uncertainty. A workforce of 800 employees and a factory built for high-volume production is difficult to sustain when output collapses by more than 80 percent. The risk of further restructuring, downsizing, or functional realignment within the global group must be considered.

Why This Company Requires Deeper Follow-Up

For partners, suppliers, banks, or customers, MINEBEA ACCESSSOLUTIONS VIETNAM presents a mixed risk profile: strong balance sheet, stable ownership, but severe operational contraction. Understanding what happened in 2024 is critical.

Is the company preparing to rebound with new product lines?
Or is this a long-term shift in global manufacturing allocation?
Are the upcoming audited financial statements showing recovery or further decline?

The latest VNBIS Comprehensive Company Report provides deeper insights, including FS2024, updated inquiry checks, production trends, and any new corporate actions. For risk managers, these details are essential before extending credit, entering contracts, or assessing long-term partnership exposure.