SAMSUNG SDI VIETNAM CO., LTD

SAMSUNG SDI VIETNAM CO., LTD (CÔNG TY TNHH SAMSUNG SDI) is a foreign direct investment (FDI) company operating in Vietnam, specializing in the manufacturing of batteries and accumulators. Established on December 10, 2009, the company is legally registered as a limited liability company (LLC) under Business ID: 2300519248. It is headquartered in Yen Phong I Industrial Park, Yen Trung Commune, Yen Phong District, Bac Ninh Province, Vietnam.

The company’s Tax Code (TIN) is 2300519248, which aligns with its business identification number. SAMSUNG SDI VIETNAM CO., LTD is a subsidiary of SAMSUNG SDI CO., LTD (South Korea), holding 100% ownership of its shares. With a workforce of 1,900 employees, the company is an important player in Vietnam’s industrial sector, producing batteries for cell phones, tablets, laptops, automobiles, and hand-held tools.

Key Personnel

The company’s executive leadership is headed by General Director: Mr. LEE SEE HYUNG, a South Korean nationalresponsible for overseeing the company’s operations, strategy, and financial performance. Under his leadership, SAMSUNG SDI VIETNAM CO., LTD has maintained its position as a leading battery manufacturer in the region.

Financial Overview

The company has experienced fluctuations in its financial performance in recent years. As of December 31, 2023, its financial indicators were as follows:

• Total Assets: USD 252.28 million (YoY decline of -34.98%)
• Owner’s Equity: USD 169.46 million (YoY decline of -31.66%)
• Total Sales Revenue: USD 758.1 million (YoY decline of -31.15%)
• Net Profit: USD 23.46 million (YoY decline of -31.31%)
• Net Worth: USD 169.35 million

The financial downturn in 2023 indicates a decline in revenue and profitability, which could be attributed to market fluctuations, changes in global demand for batteries, or increased operational costs. VBI, in its company risk analysis reports, would highlight these financial trends as critical factors for potential investors and business partners.

Business Activities

SAMSUNG SDI VIETNAM CO., LTD is engaged in battery manufacturing and electronic component production, along with technical testing, management consultancy, and wholesale trade. The company contributes significantly to Vietnam’s industrial sector, particularly in energy storage solutions.

In conclusion, SAMSUNG SDI VIETNAM CO., LTD remains a key player in Vietnam’s battery production market, despite recent financial challenges. VBI would categorize it as an established yet currently declining business, requiring strategic adaptation to recover its financial standing.