PANASONIC APPLIANCES VIETNAM CO., LTD.

PANASONIC APPLIANCES VIETNAM CO., LTD. (CÔNG TY TNHH PANASONIC APPLIANCES VIỆT NAM) is a wholly foreign-owned enterprise and a member of the global Panasonic Corporation network. Established on January 28, 2008, and operating under Business ID and Tax Code 0101382443, the company functions as a one-member limited liability company headquartered in Lot B-6, Thang Long Industrial Park, Hanoi. The company focuses on the manufacture of domestic appliances, including refrigerators, washing machines, and other electronic consumer goods.

With more than 2,000 employees, and over 17 years of operational experience in Vietnam, PANASONIC APPLIANCES VIETNAM CO., LTD. is led by General Director Mr. TAKEHIRO UWAHARA, a Japanese national. The company’s entire equity is held by PANASONIC VIETNAM CO., LTD., making it a 100% FDI (foreign direct investment) entity operating under strict corporate governance and manufacturing standards typical of global Japanese conglomerates.

While the company remains legally active and fully operational, recent financial data illustrates a mixed trajectory. As of fiscal year-end March 2024, the company reported total assets of USD 86.42 million, up slightly by 1.97% year-on-year. However, total sales declined sharply by 25.87%, falling to USD 187.91 million from over USD 253 million in 2023. This marks a significant retreat in revenue following years of expansion, possibly due to shifting market demand, regional competition, or internal cost controls.

Interestingly, net profit rebounded from a low point in 2023, rising by 214.19% to USD 4.11 million in 2024 — a sign of improving cost efficiency or a favorable shift in the product mix. Yet, despite this profit recovery, it remains well below the peak levels of 2022, where net income reached nearly USD 9.5 million. Meanwhile, owner’s equity rose by 6.13%, suggesting retained earnings were applied conservatively and reinvested to stabilize long-term balance sheet strength. Working capital also improved, reaching USD 41.1 million, up 21.79%, indicating the company maintains a strong liquidity buffer despite revenue pressure.

Operationally, PANASONIC APPLIANCES VIETNAM CO., LTD. continues to expand its footprint, with a branch located in Thang Long II Industrial Park in Hung Yen Province. The company's registered business activities go beyond electronics manufacturing and include market research, management consultancy, and non-specialized wholesale trade, signaling strategic flexibility and long-term diversification planning.

From a risk management perspective, the company maintains a conservative capital structure. As of March 31, 2024, the charter capital stood at USD 34.57 million, while paid-up capital exceeded USD 35.88 million, indicating full capital fulfillment from the foreign investor. However, the drop in revenue and volatility in profits suggest a business that is vulnerable to macroeconomic shifts and market saturation — challenges not uncommon in the electronics manufacturing sector.

For potential business partners, suppliers, and financial institutions, the financial history of PANASONIC APPLIANCES VIETNAM CO., LTD. underscores the importance of independent verification and performance monitoring. VANGUARD BUSINESS INFORMATION LLC (VBI) offers comprehensive company reports, including credit assessment, legal status verification, and multi-year financial analysis to support strategic decision-making. Learn more about VBI's business verification services at https://www.vnbis.com.

In conclusion, PANASONIC APPLIANCES VIETNAM CO., LTD. remains a reputable and strategically placed manufacturer within Vietnam’s FDI ecosystem. However, stakeholders should not overlook the recent revenue contraction and ongoing profitability fluctuations. Balanced due diligence and ongoing risk evaluation are advised when engaging with this enterprise in commercial or financial transactions.