NATIONAL RESEARCH INSTITUTE OF MECHANICAL ENGINEERING

NATIONAL RESEARCH INSTITUTE OF MECHANICAL ENGINEERING (Vietnamese name: Viện Nghiên cứu Cơ khí, abbreviated NARIME) is one of Vietnam’s core state-owned research institutions in mechanical engineering and industrial technology. Established in 2010 and operating under the Ministry of Industry and Trade, NARIME plays a dual role as both a research body and an applied engineering organization serving national industrial projects.

From an operational scale perspective, NARIME manages a sizeable asset base of approximately USD 65.95 million, positioning it among the larger public research institutions in Vietnam. The institute employs around 500 staff, reflecting its broad mandate covering research, engineering design, technology transfer, and advanced training in mechanical engineering and automation. Its activities extend beyond pure research to include consultancy for industrial feasibility studies, design of production lines, equipment manufacturing, and evaluation of significant science and technology projects.

Financially, NARIME exhibits a profile typical of a state research institute with commercial activities. Total sales reached approximately USD 47.72 million, while profit stood at about USD 356,000, indicating that revenue generation is substantial but margins remain thin. This is consistent with its mission-driven structure, where commercial performance supports research and national industrial objectives rather than maximizing profitability. Equity remains relatively stable at around USD 10.88 million, suggesting steady state backing and limited balance-sheet volatility.

One notable feature is the institute’s large asset base relative to its net worth, which stands at just over USD 3 million. This reflects the capital-intensive nature of research infrastructure and specialized machinery, as well as accounting characteristics common to public-sector entities. Working capital is positive but modest, underscoring the institute’s dependence on project-based funding and state-supported programs.

NARIME is 100% owned by the Ministry of Industry and Trade of the Socialist Republic of Vietnam, reinforcing its strategic importance within the country's national industrial policy. Its role is particularly relevant in supporting the localization of mechanical equipment, industrial modernization, and technical capacity building across key sectors such as manufacturing, energy, and heavy industry.

For international partners, suppliers, and project financiers, NARIME serves as a strategic yet non-commercial counterpart, where engagement is often driven by long-term industrial policy objectives rather than short-term financial returns. In this context, understanding the institute’s economic structure, state ownership, and project-based revenue model is essential.

Here, Vanguard Business Information LLC (VNBIS) provides independent business intelligence, financial analysis, and institutional profiling to help stakeholders accurately assess the operational capacity, economic sustainability, and policy positioning of research institutions and state-owned entities such as NARIME.