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MITSUBISHI MOTORS VIETNAM CO., LTD.

Active

Business ID 3700229030

MITSUBISHI MOTORS VIETNAM CO., LTD.

Active

Business ID 3700229030

MITSUBISHI MOTORS VIETNAM CO., LTD.

Active

Summary

Name:

MITSUBISHI MOTORS VIETNAM CO., LTD.

Business ID (TIN):

3700229030

Date of Registration:

11 Jun 2008

Registered Office:

Binh Duong Province Department of Planning and Investment

Address:

An Binh Ward, Di An City, Binh Duong Province, Vietnam

Financial Statement:

2020, 2021, 2022, 2023, 2024

MITSUBISHI MOTORS VIETNAM CO., LTD. (MMV) is a foreign direct investment (FDI) enterprise, established on June 11, 2008, and registered with the Binh Duong Province Department of Planning and Investment. It is a joint venture between Mitsubishi Motors Corporation (41.2%), Mitsubishi Corporation (41.2%), and Vietnam’s Transport Investment Cooperation and Import Export Joint Stock Company (17.6%). The company operates under Tax Identification Number (TIN) 3700229030 and has its headquarters in Di An City, Binh Duong Province, with additional offices in Hanoi and Ho Chi Minh City.

MMV is engaged in the assembly, wholesale, and retail distribution of automobiles and spare parts. It also operates in vehicle maintenance, repair services, and the manufacturing of automotive components. As one of the leading automotive manufacturers in Vietnam, MMV contributes significantly to the country’s fast-growing automotive industry, catering to both individual and commercial vehicle markets.

Financial Performance & Market Position

MMV has experienced strong financial growth, reflecting both market expansion and operational efficiency.

Total assets reached USD 362.54 million in 2023, a 37.71% increase from the previous year, indicating significant capital investments and expansion.
Sales revenue surged to USD 678.94 million, up 39.69%, demonstrating growing consumer demand for Mitsubishi vehicles in Vietnam.
Net profit climbed to USD 42.2 million, marking an impressive 69.57% growth, driven by strong vehicle sales and operational improvements.
Owner’s equity rose to USD 124.54 million, reflecting a 23.3% increase, signaling a strong financial foundation for future expansion.

With this remarkable financial performance, MITSUBISHI MOTORS VIETNAM CO., LTD. is well-positioned to expand its market share in Vietnam’s growing automotive sector, competing with both Japanese and Western brands.

Strengths

Established Global Brand: Backed by Mitsubishi Motors Corporation and Mitsubishi Corporation, the company benefits from strong brand recognition and financial stability.
Expanding Market Share: MMV has seen steady sales growth, fueled by high demand for fuel-efficient and reliable vehicles.
Local Assembly & Manufacturing: The company assembles vehicles domestically, reducing import costs and enhancing market competitiveness.
Diverse Business Operations: Apart from selling vehicles, MMV is involved in vehicle maintenance, repair services, and spare parts production, ensuring sustainable revenue streams.

Weaknesses

Dependency on Imported Parts: Despite local assembly, a significant portion of vehicle components are imported, making MMV vulnerable to supply chain disruptions and currency fluctuations.
Limited Product Line: Compared to competitors, MMV’s product lineup is narrower, potentially limiting its appeal to certain customer segments.

Opportunities

Vietnam’s Growing Automotive Market: With rising urbanization and middle-class expansion, demand for personal and commercial vehicles is increasing, offering tremendous growth potential.
Electric Vehicle (EV) Expansion: As Vietnam moves toward green energy solutions, MMV has an opportunity to introduce electric and hybrid models to stay ahead of the competition.
Government Policies Favoring Local Production: The Vietnamese government offers incentives for domestic manufacturing, which MMV can leverage to optimize costs and expand operations.

Threats

Intense Competition: The Vietnamese automotive market is highly competitive, with Toyota, Ford, Hyundai, and VinFast aggressively expanding.
Regulatory and Tax Challenges: Changing import tariffs, emission regulations, and taxation policies could impact profitability and pricing strategies.
Economic Slowdowns & Consumer Spending: Any economic downturn could weaken vehicle demand, affecting sales and overall revenue.

Strategic Insights

For MMV to maintain its leadership position, it must:

Expand its product lineup, including hybrid and electric vehicles, to align with Vietnam’s green energy transition.
Enhance localization of parts manufacturing, reducing dependence on imports and mitigating global supply chain risks.
Strengthen its dealership network and after-sales services, ensuring customer retention and long-term brand loyalty.
Leverage digital transformation, integrating e-commerce and digital marketing strategies to enhance customer engagement and streamline sales operations.

As Vietnam’s automotive industry continues to grow, MITSUBISHI MOTORS VIETNAM CO., LTD. stands at a crucial juncture. To navigate the challenges of competition, regulatory changes, and shifting consumer preferences, the company must adapt, innovate, and capitalize on emerging market trends.

In this competitive landscape, access to reliable financial intelligence and risk assessment is vital for stakeholders, investors, and industry players. VANGUARD BUSINESS INFORMATION LLC (VBI) provides comprehensive company reports, industry analysis, and financial insights to help businesses assess risks, identify opportunities, and make informed investment decisions. With detailed evaluations of companies like MITSUBISHI MOTORS VIETNAM CO., LTD., VBI enables businesses to strategically position themselves in Vietnam’s fast-evolving automotive market.

Legal Profile

English Name:

MITSUBISHI MOTORS VIETNAM CO., LTD.

Vietnamese Name:

CÔNG TY TNHH Ô TÔ MITSUBISHI VIỆT NAM

Business ID (TIN):

3700229030

Date of Registration:

11 Jun 2008

Registered Office:

Binh Duong Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

TOMOKI Y

Address:

An Binh Ward, Di An City, Binh Duong Province, Vietnam

Branch:

No. 649, Kim Ma Street, Ngoc Khanh Ward, Ba Dinh District, Ha Noi City, Vietnam

Transaction office:

6th Floor, Pearl Plaza Building, No. 561A, Dien Bien Phu Street, Ward 25, Binh Thanh District, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

4511 Wholesale of motor vehicles and other motor vehicles

NAICS:

42311 Automobile and Other Motor Vehicle Merchant Wholesalers

Industry Sales Growth

CAGR (2019 - 2023)

7.03%

YoY (2023)

-16.08%

Companies by industry

Company distribution and propportions

9,884

0.3400%

Key Industry Players

Top 10 companies in wholesale of motor vehicles and other motor vehicles industry

hang xanh motors service joint stock company mercedes-benz vietnam company limited toyota bien hoa company limited vietnam star automobile limited thaco auto distribution company limited hoan cau auto joint stock company lexus thang long joint stock company tan phu automobile joint stock company hyundai thanh cong commercial vehicle joint stock company hyundai thanh cong viet nam auto joint venture joint stock company

Payment History

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Financial Performance

Assets	-10.60%
Owner’s Equity	26.86%
Working Capital	-62.16%
Net Worth	-69.02%
Sales	16.88%
Operating income	-15.94%
EBIT	-85.29%
Gross Profit Margin	-57.32%
Debt to EBITDA	-75.70%

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Specific Questions About MITSUBISHI MOTORS VIETNAM CO., LTD.

When did MITSUBISHI MOTORS VIETNAM CO., LTD. start operating?

MITSUBISHI MOTORS VIETNAM CO., LTD. was started in 11 Jun 2008

What industry does MITSUBISHI MOTORS VIETNAM CO., LTD. operate in?

MITSUBISHI MOTORS VIETNAM CO., LTD. is operating in "Wholesale of motor vehicles and other motor vehicles" industry

How can I contact MITSUBISHI MOTORS VIETNAM CO., LTD.?

MITSUBISHI MOTORS VIETNAM CO., LTD. don't share phone numbers information

What adverse news is there about MITSUBISHI MOTORS VIETNAM CO., LTD.?

MITSUBISHI MOTORS VIETNAM CO., LTD.’s has no negative news

What is stock symbol of MITSUBISHI MOTORS VIETNAM CO., LTD.?

MITSUBISHI MOTORS VIETNAM CO., LTD. is not listed company

Where is the location of MITSUBISHI MOTORS VIETNAM CO., LTD.?

MITSUBISHI MOTORS VIETNAM CO., LTD. is located at An Binh Ward, Di An City, Binh Duong Province, Vietnam

What is MITSUBISHI MOTORS VIETNAM CO., LTD.’s business registration?

MITSUBISHI MOTORS VIETNAM CO., LTD. business registration is 3700229030

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