PLATEL VINA COMPANY LIMITED

PLATEL VINA COMPANY LIMITED is a foreign-invested manufacturing enterprise operating in Vietnam’s high-tech electronics ecosystem, with production facilities located in the Saigon Hi-Tech Park and Dong Nai Province. Over the past decade, the company has established itself as a specialized supplier of electronic components and plastic-based electronic parts, serving global manufacturing supply chains.

Legal status and corporate profile

PLATEL VINA COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH PLATEL VINA) is a limited liability company incorporated on 22 December 2015 and registered with the Ho Chi Minh City Department of Finance. The company remains in active operation and has more than 10 years of operating history in Vietnam. Its business registration number and tax identification number are 0313586583.

PLATEL VINA is an FDI enterprise with a registered charter capital of approximately USD 20.1 million, of which nearly all has been paid up. The company employs around 800 workers, reflecting its role as a medium-to-large-scale manufacturing operation in Vietnam’s electronics sector. Its head office and main factory are located at Lot I-10-2, Road D2, Saigon Hi-Tech Park, Long Binh Ward, Ho Chi Minh City, with an additional branch in the Amata Industrial Park, Dong Nai Province.

Ownership and management

The company is fully foreign-owned, with South Korean investors holding 100% of the equity. INTOPS CO., LTD is the majority shareholder, while PLATEL CO., LTD holds the remaining minority stake. This ownership structure places PLATEL VINA firmly within a Korean industrial group ecosystem, supporting technology transfer, process standardization, and stable customer relationships.

Mr. Kim K. H., a South Korean national, serves as the company's chairman. Day-to-day operations are managed by Mr. Park B., who serves as General Director, supported by a local chief accountant. The management structure reflects a typical FDI manufacturing model combining foreign strategic oversight with local operational execution.

Core business activities

PLATEL VINA specializes in the manufacture of electronic components and boards, with a strong focus on plastic-based electronic equipment covers, electrical components, and related precision parts. In addition to its core manufacturing activities, the company’s registered business lines include consumer electronics production, plastic product manufacturing, fabricated metal products, and selected wholesale and equipment-related services.

The company’s operations are closely aligned with Vietnam’s role in global electronics supply chains, particularly as a manufacturing base for export-oriented electronics and industrial products.

Financial performance overview

Financially, PLATEL VINA COMPANY LIMITED operates at a substantial scale. Total assets stand at approximately USD 69.6 million, while annual sales exceed USD 70 million, indicating a mature production footprint with stable output volumes. Equity has continued to grow gradually, reaching about USD 26.5 million, reflecting retained earnings and shareholders' long-term capital commitments.

However, profitability has been declining in recent years. Net profit declined significantly, falling below USD 1 million in the most recent financial year. While revenue has remained relatively stable, margin compression suggests rising input costs, pricing pressure from customers, or increased operating expenses. Notably, working capital is negative, highlighting reliance on short-term liabilities and supplier financing—common in large manufacturing operations but a key area for credit and liquidity assessment.

Risk and operational considerations

As a capital-intensive electronics manufacturer, PLATEL VINA faces exposure to global demand cycles, customer concentration risk, and volatility in raw materials and labor costs. Declining profit margins and negative working capital warrant close monitoring, particularly for lenders and trade partners. Nevertheless, the company’s strong asset base, growing equity, and backing from established South Korean shareholders provide important risk-mitigating factors.

Business intelligence perspective

According to VANGUARD BUSINESS INFORMATION LLC (VBI), PLATEL VINA COMPANY LIMITEDrepresents a typical profile of mid-to-large FDI manufacturers in Vietnam’s electronics sector: high revenue scale, solid capital backing, but increasing margin pressure in a highly competitive global environment. For banks, suppliers, and strategic partners, comprehensive company intelligence—covering legal status, ownership, financial trends, and operational risk—is essential when evaluating long-term cooperation or credit exposure.