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PIAGGIO VIET NAM CO.,LTD

Active

Business ID 2500288968

84-211 / 3593666

PIAGGIO VIET NAM CO.,LTD

Active

Business ID 2500288968

84-211 / 3593666

PIAGGIO VIET NAM CO.,LTD

Active

Summary

Name:

PIAGGIO VIET NAM CO.,LTD

Business ID (TIN):

2500288968

Date of Registration:

02 Oct 2007

Registered Office:

Phu Tho Province Department of Finance

Address:

Lot M, Binh Xuyen Industrial Park, Binh Nguyen Commune, Phu Tho Province, Vietnam

Phone:

84-211 / 3593666

Financial Statement:

2020, 2021, 2022, 2023, 2024

PIAGGIO VIET NAM CO., LTD (CÔNG TY TNHH PIAGGIO VIỆT NAM)

PIAGGIO VIET NAM CO., LTD (CÔNG TY TNHH PIAGGIO VIỆT NAM) is a leading foreign direct investment (FDI) enterprise in Vietnam specializing in the manufacturing and assembly of motor scooters, motorcycles, and their spare parts. Established on October 2, 2007, and located in Binh Xuyen Industrial Park, Vinh Phuc Province, the company has significantly contributed to the modernization of the two-wheeler market in Vietnam.

As a subsidiary of the globally renowned Piaggio Group, the company benefits from decades of Italian engineering excellence and a strong reputation across Europe and Asia. Over the years, PIAGGIO VIET NAM CO., LTD has expanded its reach with representative offices in Hanoi and Ho Chi Minh City to better serve the domestic and regional markets.

Legal Information and Tax Code

Legal Form: Limited Liability Company (LLC)
Business Registration Code / Tax Code: 2500288968
Date of Establishment: October 2, 2007
Charter Capital: USD 7.68 million
Paid-up Capital (as of December 31, 2023): USD 7.66 million
Ownership Status: 100% FDI

The company’s registration was issued by the Department of Planning and Investment of Vinh Phuc Province, Vietnam. Its ownership is shared between PIAGGIO & C.S.P.A (Italy – 63.5%) and PIAGGIO VESPA B.V (Netherlands – 36.5%).

Key Personnel of PIAGGIO VIET NAM CO., LTD

The company’s success is driven by an experienced and multicultural management team:

Mr. Gianluca Fiume – General Director (Italian nationality)
Ms. Doan Minh Ha – Chief Accountant (Vietnamese nationality)

With a team of 1,000 employees, the company’s leadership emphasizes quality, innovation, and customer satisfaction as the foundation of its long-term growth in Vietnam.

Financial Highlights

Despite a challenging year in 2023, PIAGGIO VIET NAM CO., LTD maintained a strong market position:

Total Assets: USD 194.91 million (YoY -28.86%)
Total Sales: USD 433.61 million (YoY -24.68%)
Profit: USD 62.35 million (YoY -21.01%)
Owner's Equity: USD 9.80 million (YoY -53.07%)
Net Worth: USD 108,774
Working Capital: USD -50.69 million

Although the company experienced declines in several key indicators in 2023, its profitability remains solid. With strong brand recognition and continuous demand for premium scooters like Vespa, PIAGGIO VIET NAM CO., LTD is poised for recovery and future growth.

Business Operations and Product Range

PIAGGIO VIET NAM CO., LTD engages in:

Manufacturing and assembling scooters and motorcycles
Sale of motorcycles and parts
Maintenance and repair services
Distribution through wholesale and retail channels

This wide range of operations allows the company to maintain a competitive edge and meet the diverse needs of the Vietnamese market.

With its advanced production capabilities, international ownership, and commitment to quality, PIAGGIO VIET NAM CO., LTD continues to be a trusted name in Vietnam’s motorcycle industry and a valuable contributor to the nation’s industrial development.

Legal Profile

English Name:

PIAGGIO VIET NAM CO.,LTD

Vietnamese Name:

CÔNG TY TNHH PIAGGIO VIỆT NAM

Short Name:

PIAGGIO VIỆT NAM

Business ID (TIN):

2500288968

Date of Registration:

02 Oct 2007

Registered Office:

Phu Tho Province Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ GIANLUCA F

+ DOAN M.H

Address:

Lot M, Binh Xuyen Industrial Park, Binh Nguyen Commune, Phu Tho Province, Vietnam

Phone:

84-211 / 3593666

Representative office:

12th Floor, BIDV Tower, No. 194, Tran Quang Khai Street, Hoan Kiem Ward, Ha Noi City, Vietnam

Representative office:

Suite 2003, 20th Floor, Saigon Trade Center Building, No. 37, Ton Duc Thang Street, Sai Gon Ward, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

3091 Manufacture of motorcycles

NACE:

30.91 Manufacture of motorcycles

Industry Sales Growth

CAGR (2019 - 2023)

0.77%

YoY (2023)

-12.56%

Companies by industry

Company distribution and propportions

230

0.0079%

Key Industry Players

Top 10 companies in manufacture of motorcycles industry

piaggio viet nam co.,ltd vietnam manufacturing & export processing company limited yamaha motor vietnam co., ltd. detech e-scooters and motorcycle co.,ltd (translated name) t & t hung yen company limited vietnam kwang yang motor co ., ltd (translated name) everest motor viet nam company limited northstar precision (vietnam) company limited viet nam yadea electric motorcycle company limited t&h hung yen company limited

Payment History

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Financial Performance

Assets	6.42%
Owner’s Equity	-58.03%
Working Capital	-8.02%
Net Worth	19.48%
Sales	-8.42%
Operating income	-76.85%
EBIT	30.25%
Gross Profit Margin	-51.07%
Debt to EBITDA	74.12%

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Specific Questions About PIAGGIO VIET NAM CO.,LTD

When did PIAGGIO VIET NAM CO.,LTD start operating?

PIAGGIO VIET NAM CO.,LTD was started in 02 Oct 2007

What industry does PIAGGIO VIET NAM CO.,LTD operate in?

PIAGGIO VIET NAM CO.,LTD is operating in "Manufacture of motorcycles" industry

How can I contact PIAGGIO VIET NAM CO.,LTD?

PIAGGIO VIET NAM CO.,LTD phone numbers is 84-211 / 3593666

What adverse news is there about PIAGGIO VIET NAM CO.,LTD?

PIAGGIO VIET NAM CO.,LTD’s has 1 bad news

What is stock symbol of PIAGGIO VIET NAM CO.,LTD?

PIAGGIO VIET NAM CO.,LTD is not listed company

Where is the location of PIAGGIO VIET NAM CO.,LTD?

PIAGGIO VIET NAM CO.,LTD is located at Lot M, Binh Xuyen Industrial Park, Binh Nguyen Commune, Phu Tho Province, Vietnam

What is PIAGGIO VIET NAM CO.,LTD’s business registration?

PIAGGIO VIET NAM CO.,LTD business registration is 2500288968

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