RFTECH THAI NGUYEN COMPANY LIMITED

RFTECH THAI NGUYEN COMPANY LIMITED, a wholly foreign-owned enterprise headquartered in Thai Nguyen Province, Vietnam, has emerged as a significant player in the electronics manufacturing industry over the past decade. Established on December 3, 2013, the company is a one-member limited liability company owned entirely by RFTECH CO., LTD of South Korea. With more than 2,000 employees, RFTECH Thai Nguyen specializes in the manufacture of electronic components, 5G transmitters, chargers, and cables for mobile phones.

Legal and Operational Standing

• Business ID: 4601154756

• Tax Identification Number: 4601154756

• Charter Capital: USD 2.6 million (fully paid)

• FDI Ownership: 100% by RFTECH CO., LTD (South Korea)

• Head Office: Lot CN 1-2, Diem Thuy Industrial Park, Diem Thuy Commune, Phu Binh District, Thai Nguyen Province, Vietnam

• Branch Office: Lot CN 13, Yen Binh Industrial Park, Pho Yen City, Thai Nguyen Province

The company is registered with the Thai Nguyen Department of Planning and Investment and remains in active operation after more than 11 years.

Management Team

• Chairman: Mr. Cha Jung Un (South Korean)

• General Director: Mr. Song Jun Ho (South Korean)

• Chief Accountant: Ms. Le Thi Minh (Vietnamese)

Their leadership reflects a strong Korean management structure, with integration of local Vietnamese expertise in accounting and compliance.

Financial Overview

In 2023, RFTECH Thai Nguyen reported:

• Total Assets: USD 93.42 million (↑ 10.18% YoY)

• Equity: USD 68.3 million (↑ 12.61% YoY)

• Sales: USD 181.31 million (↓ 15.43% YoY)

• Profit: USD 7.65 million (↓ 27.07% YoY)

• Working Capital: USD 42.32 million

While the company maintained growth in assets and equity, sales and profit experienced a decline in 2023, marking a noticeable contraction after solid performance in 2022. The 15% drop in sales and 27% fall in net profit indicate challenges in demand or pricing pressures, possibly reflecting a volatile global electronics market.

Business Activities and Licensing

The company’s registered lines of business extend beyond electronic component manufacturing and include:

• Wholesale of electronic/telecommunications equipment

• Manufacture of batteries, communication devices, and wiring

• Real estate activities related to owned or leased property

• Business support services

These diversified registrations provide RFTECH the flexibility to expand operations or pivot toward related sectors when required.