NORTHSTAR PRECISION (VIETNAM) COMPANY LIMITED

NORTHSTAR PRECISION (VIETNAM) COMPANY LIMITED, known in Vietnamese as CÔNG TY TRÁCH NHIỆM HỮU HẠN NORTHSTAR PRECISION (VIỆT NAM), is a foreign-invested precision manufacturing company established in May 2018 and located in Khai Quang Industrial Park, Vinh Phuc Province. The company specializes in manufacturing and processing high-precision components and spare parts for off-road racing vehicles and large-displacement motorcycles, positioning it within a niche yet technically demanding segment of Vietnam’s manufacturing sector.

From a legal perspective, the company operates as a limited liability company under Business Registration Number and Tax Code 2500604003, issued by the Vinh Phuc Province Department of Planning and Investment. It is an FDI enterprise, employing around 200 workers, with paid-up capital of approximately USD 7.36 million.

Management is led by Mr. Michael T. S., Chairman, and Mr. Matthew J. K., General Director, with financial oversight by Ms. Doan T. V. A., Chief Accountant. The ownership structure is international, with Polaris APLA Holdco Pte. Ltd. (Singapore) holding 80.1 percent, alongside a minority shareholder from the British Virgin Islands—reflecting integration into a global manufacturing group rather than a purely local operation.

Financially, two points stand out. First, revenue contracted in 2024, with net sales declining to USD 71.15 million, down more than 20 percent year on year, alongside a continued reduction in total assets—suggesting a period of capacity adjustment or order normalization after earlier expansion. Second, despite this contraction, the company returned to profitability, recording a net profit of approximately USD 659,000 in 2024, a sharp rebound from losses in 2023, indicating improved cost control and operational efficiency.

Overall, Northstar Precision (Vietnam) presents the profile of a technology-focused, export-linked manufacturer navigating cyclical demand. While scale and assets have tightened, the recovery in profitability and positive working capital underline operational resilience, making the company a noteworthy supplier within Vietnam’s precision and powersports manufacturing ecosystem.