SONOVA OPERATIONS CENTER VIETNAM COMPANY LIMITED

SONOVA OPERATIONS CENTER VIETNAM COMPANY LIMITED (Business ID: 3700711974) is a well-established foreign direct investment (FDI) enterprise operating in Vietnam for over 18 years. Based in the Vietnam-Singapore Industrial Park (VSIP) in Binh Duong Province, the company is a wholly owned subsidiary of Sonova Holding AG from Switzerland, a global leader in hearing care solutions. Its operations in Vietnam focus on manufacturing hearing aids, headsets, microphones, and related components, contributing high-value products to the global supply chain.

Financially, the company has shown solid and consistent growth. As of the fiscal year ending March 31, 2024, SONOVA OPERATIONS CENTER VIETNAM reported total assets of USD 158.29 million, an increase of 20.55% compared to the previous year. Owner's equity rose strongly by 23.17% to USD 112.17 million, and net profit climbed to USD 21.1 million, growing by 15.76% year-over-year. These results reflect a stable and well-managed financial foundation, especially impressive for a manufacturing operation in a highly specialized field. The company's working capital remains positive at USD 93.33 million, ensuring strong liquidity to support ongoing production and development activities.

The operational management is led by General Director Nguyen Thang Son, supported by Quality Director Ho Vinh Thanh, both Vietnamese nationals. Their leadership plays an important role in ensuring that the company maintains strict global quality standards while adapting effectively to Vietnam’s dynamic industrial environment. SONOVA's workforce of around 1,200 employees benefits from working in a modern, internationally integrated manufacturing environment, highlighting the company’s contribution not only to economic development but also to workforce upskilling in Vietnam.

However, it is important to note that while SONOVA OPERATIONS CENTER VIETNAM enjoys strong performance, its dependence on the global medical device market makes it vulnerable to external economic fluctuations, regulatory changes, and shifts in healthcare policies. Maintaining growth will require continuous innovation, strict quality assurance, and resilience to global market pressures.

Overall, SONOVA OPERATIONS CENTER VIETNAM COMPANY LIMITED stands as a model of successful high-tech foreign investment in Vietnam, delivering consistent financial performance, creating skilled jobs, and integrating deeply into the global value chain.