SOLUM VINA COMPANY LIMITED

SOLUM VINA COMPANY LIMITED is a one-member limited liability company established on February 5, 2016, and registered with the Vinh Phuc Province Department of Planning and Investment. The company operates in the manufacturing of electronic components and boards, catering to industries such as televisions, mobile phones, LED lighting, and power supply solutions. It is a foreign direct investment (FDI) company, fully owned by SOLUMCO., LTD, a South Korean entity.

Management and Ownership

• General Director: Mr. Kim Jeong Ho (South Korean)
• Chief Accountant: Ms. To Thi Ha (Vietnamese)
• Employees: 2,200
• Business ID: 2500562138
• Tax Identification Number (TIN): 2500562138
• Ownership: 100% owned by SOLUMCO., LTD (South Korea)

Financial Performance (2023)

• Total Assets: USD 293.56 million (-6.55% YoY)
• Total Sales: USD 728.98 million (-3.48% YoY)
• Profit: USD 60.59 million (+258.06% YoY)
• Owner’s Equity: USD 126.84 million (+91.45% YoY)
• Working Capital: USD 88.71 million (+73.04% YoY)

Despite a slight decline in total assets and revenue, SOLUM VINA COMPANY LIMITED recorded a dramatic increase in profitability, reflecting efficient cost management and operational improvements. The significant growth in owner’s equity suggests strong financial stability and reinvestment in the business.

Business Operations & Market Presence

SOLUM VINA COMPANY LIMITED specializes in:

• Manufacturing electronic components for televisions, screens, mobile phones, and electronic shelf labels (ESL)
• Producing chargers, power supply units, and adapters for various consumer electronics
• Developing switching mode power supply (SMPS) solutions

Additionally, the company is engaged in:

• Wholesale of electronic and telecommunications equipment
• Manufacturing communication equipment
• Business support services and non-specialized wholesale trade

With a strategic location in Ba Thien II Industrial Park, Vinh Phuc Province, the company benefits from Vietnam's growing electronics manufacturing industry, serving both domestic and international markets.

Industry Insights & Risk Mitigation

SOLUM VINA COMPANY LIMITED operates in a highly competitive and technology-driven industry, where rapid advancements and fluctuating demand can pose risks. However, its strong profitability growth and solid equity baseindicate financial resilience and adaptability.

This company report is provided by Vanguard Business Information LLC (VBI), a trusted provider of financial intelligence and business risk assessment. VBI’s detailed financial reports help businesses minimize risks and maximize opportunities when engaging with companies like SOLUM VINA COMPANY LIMITED.

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