PANASONIC ELECTRIC WORKS VIETNAM COMPANY LIMITED

PANASONIC ELECTRIC WORKS VIETNAM COMPANY LIMITED (CÔNG TY TNHH PANASONIC ELECTRIC WORKS VIỆT NAM), tax code 3702150604, is a wholly foreign-owned enterprise operating in Vietnam since January 2, 2013. Headquartered in Vietnam–Singapore II-A Industrial Park, Vinh Tan Ward, Tan Uyen City, Binh Duong Province, the company is a critical manufacturing hub for Panasonic’s global electrical equipment supply chain.

Structured as a one-member limited liability company, the enterprise is wholly owned by PANASONIC VIETNAM CO., LTD, which in turn is a core subsidiary of Panasonic Corporation (Japan). The company is directed by Mr. Sakabe M., a Japanese national serving as General Director, and employs approximately 1,500 workers at its factory and representative offices across Binh Duong and Ho Chi Minh City.

PANASONIC ELECTRIC WORKS VIETNAM specializes in manufacturing wiring devices and household electrical equipment, including fans, lighting systems, switches, and control panels. It also offers integrated solutions for residential, industrial, and office environments, encompassing everything from electric distribution to smart control systems. The business lines extend to compressors, valves, motors, construction materials, building services, and even demolition and air-conditioning installations—marking it as a comprehensive solutions provider in Vietnam’s evolving construction-tech market.

Financially, the company is on solid footing. In the fiscal year ending March 2024, it posted USD 147.73 million in revenue, a slight increase of 0.52% year-over-year. More notably, net profit rose sharply by 28.69%, reaching USD 10.57 million, reflecting operational efficiency and possibly improved cost controls. Total assets increased to USD 110.77 million, and owners’ equity climbed to USD 94.11 million, signaling a healthy balance sheet and consistent reinvestment.

Working capital stood at USD 24.29 million, ensuring operational flexibility and cash flow stability. These numbers highlight the company's strength and reliability for stakeholders monitoring Vietnam private financial data and FDI performance metrics. The consistent profit growth—up from just USD 4.86 million in 2022—confirms a sustainable upward trend.

With paid-up capital exceeding USD 59.34 million and a growing fixed asset base, the firm reflects the long-term commitment of Japanese investment in Vietnam’s industrial modernization. Its facility in Binh Duong is among the most advanced of its kind and continues to expand product lines in alignment with Panasonic’s global R&D strategy.

From a risk management and business verification perspective, PANASONIC ELECTRIC WORKS VIETNAM COMPANY LIMITED is a low-risk, high-performing enterprise. Its longevity, profitability, and solid ownership structure make it an ideal case study of successful foreign manufacturing in Vietnam’s high-tech sector.

In summary, PANASONIC ELECTRIC WORKS VIETNAM COMPANY LIMITED is more than a branch manufacturer—it is a cornerstone of Panasonic’s regional operations and a key contributor to Vietnam’s transformation into an industrial electronics manufacturing hub. With rising profits, growing equity, and broad sectoral integration, the company stands out as a model of stability and performance in Vietnam’s competitive FDI environment.