SHIN-ETSU MAGNETIC MATERIALS VIETNAM CO., LTD

SHIN-ETSU MAGNETIC MATERIALS VIETNAM CO., LTD (Business ID & Tax Code: 0201206353) is a wholly foreign-owned enterprise and a vital part of Japan’s Shin-Etsu Chemical Group. Established in 2011 and located in the Dinh Vu Industrial Park in Hai Phong City, the company specializes in producing rare earth magnets — a critical component in electronics, automotive motors, and high-tech industries worldwide. Operating as a one-member limited liability company, it employs around 2,200 workers and plays an important role in Vietnam’s export-driven industrial landscape.

According to the latest Private Financial Data and Company Report reviewed through VBI, the company showed both strengths and concerns in 2023. Total assets grew to USD 440.11 million, up by 6.27% from the previous year, while owner's equity also rose to USD 178.26 million. However, despite a strong capital base and healthy liquidity, sales dropped by 22.91% year-over-year to USD 344.03 million, and net profit fell sharply to just USD 2.24 million, a dramatic decline of over 77% compared to 2022. This shows clear signs of pressure in its global order book, possibly linked to slowing demand in the electronics and EV sectors.

The company is managed by General Director Mr. Hashimoto Takahiro, a Japanese national, supported by Vietnamese Chief Accountant Ms. Vu Thi Thanh Thuy. Their combined leadership ensures the firm upholds Japanese production standards while navigating Vietnam’s business environment. The company’s performance is backed by a robust equity base and substantial working capital of over USD 120 million, suggesting resilience, but also underlining the need to monitor risk factors closely.

As reflected in the VBI Company Report, SHIN-ETSU VIETNAM remains an anchor player in the high-precision manufacturing space. But with fluctuating profits and global market headwinds, investors and partners are advised to stay alert, consult updated Private Financial Data, and use structured risk assessments when evaluating any deeper involvement with the company.