NAMUGA PHU THO TECHNOLOGY COMPANY LIMITED

NAMUGA PHU THO TECHNOLOGY COMPANY LIMITED – Foreign-Invested Enterprise Facing Financial Decline

NAMUGA PHU THO TECHNOLOGY COMPANY LIMITED (CÔNG TY TNHH CÔNG NGHỆ NAMUGA PHÚ THỌ) is a 100% foreign-invested enterprise established in Vietnam on October 2, 2013, and registered with the Department of Planning and Investment of Phu Tho Province. The company operates in the manufacturing and processing of electronic components and boards.

Legal and Structural Information

• Business ID / Tax Code: 2600892644

• Legal Type: One-member limited liability company (FDI)

• Charter Capital: USD 48 million (VND 1,089.29 billion)

• Paid-up Capital (as of 2023): USD 44.58 million

• Owner: NAMUGA CO., LTD (South Korea) – 100%

• General Director: Mr. KIM JU SUNG (South Korean national)

• Location: Lot B9, Thuy Van Industrial Park, Viet Tri City, Phu Tho Province, Vietnam

• Number of Employees: Approximately 800

Business Activities

The company is licensed to operate in the following areas:

• Manufacture and processing of electronic components and boards

• Manufacture of other fabricated metal products (not elsewhere classified)

• Repair of electronic and optical equipment

These activities are concentrated in the electronics manufacturing sector, supporting both domestic and export supply chains.

Financial Performance (USD-converted)

While equity continued to grow, the company has experienced a significant decline in total assets, revenue, and profitability over the past three years. Sales revenue dropped by nearly 29% in 2023 alone, and profits fell sharply by over 68% compared to 2022, signaling operational or market-related challenges.

Risk Perspective

From a credit and business risk standpoint, NAMUGA PHU THO TECHNOLOGY COMPANY LIMITED remains an active legal entity with a positive net worth and confirmed FDI backing. However, the ongoing multi-year downward trend in sales, assets, and profits raises red flags for stakeholders considering trade credit, partnerships, or financial exposure.