NEWEB VIETNAM CO., LTD. (CÔNG TY TNHH NEWEB VIỆT NAM)

NEWEB VIETNAM CO., LTD. is a foreign direct investment (FDI) company operating in Vietnam, specializing in the manufacture of communication equipment. Established on April 6, 2020, the company is legally registered as a one-member limited liability company (LLC) under Business ID: 0700837869. The company's Tax Code (TIN) is 0700837869, issued by the Ha Nam Province Department of Planning and Investment.

The company is headquartered at Land Plot CN01, Dong Van III Industrial Park, Dong Van Ward, Duy Tien Town, Ha Nam Province, Vietnam. It is a subsidiary of WISTRON NEWEB CORPORATION (Taiwan), which holds 100% of its shares. NEWEB VIETNAM CO., LTD. has an employee base of approximately 8,000, making it a significant player in the Vietnamese telecommunications and electronics industry.

Key Personnel

The leadership team consists of:

• Chairman cum General Director: Mr. GAU, JIAHN-RONG (JEFFREY GAU) (Taiwanese)
• Deputy General Director: Mr. CHEN, YUNG-CHI (PAUL CHEN) (Taiwanese)

Both executives have extensive experience in communication technology and manufacturing, ensuring the company’s growth in the Vietnamese and global markets.

Financial Performance and Risk Management

As of December 31, 2023, NEWEB VIETNAM CO., LTD. reported the following financial metrics:

• Total Assets: USD 330.15 million (YoY growth of 27.7%)
• Owner’s Equity: USD 56.45 million (YoY growth of 37.64%)
• Total Sales Revenue: USD 758.49 million (YoY growth of 41.03%)
• Net Profit: USD 2.37 million (YoY growth of 163.8%)
• Net Worth: USD 56.35 million

Despite strong sales growth and asset expansion, the company faced working capital challenges with a negative USD -36.47 million, indicating potential cash flow risks. VANGUARD BUSINESS INFORMATION LLC (VBI), a leading private financial data supplier, provides risk management solutions and company reports to help businesses assess such financial risks.

Business Activities and Market Position

NEWEB VIETNAM CO., LTD. is engaged in the manufacturing and assembling of wireless communication equipment, catering to both domestic and international markets. The company’s registered activities include:

• Manufacture of communication equipment
• Wholesale of electronic and telecommunications equipment
• Manufacture of consumer electronics
• Technical consulting and business support services

Given its expanding revenue base and improving profitability, NEWEB VIETNAM CO., LTD. is well-positioned for future growth. However, VBI’s company report indicates that working capital concerns and potential financial risksshould be monitored closely.

By leveraging risk management strategies and accurate financial insights from VBI, businesses can make informed decisions regarding partnerships and investment opportunities with NEWEB VIETNAM CO., LTD.