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SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

Active

Business ID 0101759594

84-24 / 3955 0003 / 3955 0004 / 3955 0005 / 3955 0006 / 3955 0007

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

Active

Business ID 0101759594

84-24 / 3955 0003 / 3955 0004 / 3955 0005 / 3955 0006 / 3955 0007

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

Active

Summary

Name:

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

Business ID (TIN):

0101759594

Date of Registration:

27 Feb 2007

Registered Office:

Ha Noi City Department of Planning and Investment

Address:

Lot I-7, I-8, I-9, M-2, M-3, Thang Long Industrial Park, Vong La Commune, Dong Anh District, Ha Noi City, Vietnam

Phone:

84-24 / 3955 0003 / 3955 0004 / 3955 0005 / 3955 0006 / 3955 0007

Financial Statement:

2020, 2021, 2022, 2023, 2024

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD (CÔNG TY TNHH SUMITOMO HEAVY INDUSTRIES VIỆT NAM) is a leading Japanese-invested manufacturer in Vietnam’s industrial machinery sector. Established on February 27, 2007, the company operates under Business ID 0101759594, registered with the Hà Nội Department of Planning and Investment. It maintains its head office at Lots I-7, I-8, I-9, M-2, and M-3, Thăng Long Industrial Park, Vọng La Commune, Đông Anh District, Hà Nội. Over the past 18 years, the company has supported Vietnam’s industrial modernization through high-precision machinery and electromechanical systems.

Corporate Status and Ownership

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD is a wholly foreign-owned limited liability company(FDI enterprise) with 100 percent ownership held by Sumitomo Heavy Industries, Ltd., Japan. The company has a charter capital of USD 35.08 million and paid-up capital of USD 30.06 million, reflecting its parent company's substantial and stable financial commitment. It employs approximately 1,200 workers, combining local technical labor with Japanese supervision and management systems.

The company is led by Mr. Hiroumi H., serving as Chairman cum General Director, and Ms. Vu T. T. H., the Chief Accountant, ensuring financial compliance and operational transparency.

Business Operations

The company specializes in manufacturing and trading electric motors, gear motors, gearboxes, and transmission components across industrial applications. Its product lines also include generators, transformers, and electrical control apparatus, making it an integral part of Vietnam’s supply chain for mechanical and automation equipment.

Additionally, the company conducts research and experimental development on engineering and technology, and offers architectural and engineering consultancy services, supporting both local industries and international clients. SUMITOMO’s operations in Vietnam represent a strategic part of its regional network serving major Asian customers.

Financial Performance

As of December 31, 2023, the company reported total assets of USD 116.72 million, a slight 0.82 percent decrease compared to the previous year, while owner’s equity rose 6.53 percent to USD 100.33 million, showing steady capital growth. Sales stood at USD 104.38 million, down 18.95 percent year-on-year, reflecting market contraction or reduced orders from key clients. Despite this drop in revenue, the company maintained stable profitability, with a net profit of USD 6.57 million, an increase of 0.88 percent from 2022. Working capital reached USD 33.39 million, though it declined 19.15 percent, suggesting tighter liquidity conditions.

Overall, SUMITOMO VIETNAM demonstrates solid financial fundamentals, supported by a strong equity ratio and consistent profit margins. However, declining revenue and working capital highlight potential market challenges, including reduced demand in global industrial manufacturing and rising operational costs in Vietnam.

Risk and Credit Outlook

From a credit risk management perspective, the company’s foreign ownership, robust asset base, and long-term operational record ensure high reliability. Nevertheless, the recent drop in sales and liquidity contraction warrants cautious monitoring. SUMITOMO’s performance closely follows the cyclical nature of the industrial machinery sector, where global orders fluctuate with manufacturing demand.

As assessed by Vanguard Business Information (VNBIS), SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD remains a low-risk but closely monitored counterparty, ideal for stable, long-term cooperation under standard commercial terms. For clients and partners, understanding its financial dynamics and parent-company support is key to Minimizing Financial Risks and Maximizing Business Opportunities in Vietnam’s evolving industrial landscape.

Legal Profile

English Name:

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

Vietnamese Name:

CÔNG TY TNHH SUMITOMO HEAVY INDUSTRIES (VIỆT NAM)

Short Name:

SHI (V)

Business ID (TIN):

0101759594

Date of Registration:

27 Feb 2007

Registered Office:

Ha Noi City Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ HIROUMI H

+ VU T.T.H

Address:

Lot I-7, I-8, I-9, M-2, M-3, Thang Long Industrial Park, Vong La Commune, Dong Anh District, Ha Noi City, Vietnam

Phone:

84-24 / 3955 0003 / 3955 0004 / 3955 0005 / 3955 0006 / 3955 0007

Business Sector

Key business lines:

VSIC:

2710 Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus

NACE:

27.1 Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus

Industry Sales Growth

CAGR (2019 - 2023)

5.26%

YoY (2023)

20.68%

Companies by industry

Company distribution and propportions

1,031

0.0355%

Key Industry Players

Top 10 companies in manufacture of electric motors, generators, transformers and electricity distribution and control apparatus industry

xalotho company limited sumitomo heavy industries (vietnam) co., ltd ls electric vietnam co., ltd schneider electric vietnam vietnam honor high tech company limited (translated name) kien giang electricity company broad - ocean motor (hai phong) company limited abb automation and electrification (vietnam) company limited h&t intelligent control (vietnam) company limited ge vernova haiphong company limited

Payment History

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Financial Performance

Assets	-38.68%
Owner’s Equity	37.82%
Working Capital	-71.02%
Net Worth	-21.58%
Sales	-22.07%
Operating income	24.99%
EBIT	35.81%
Gross Profit Margin	-39.14%
Debt to EBITDA	9.71%

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Specific Questions About SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

When did SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD start operating?

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD was started in 27 Feb 2007

What industry does SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD operate in?

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD is operating in "Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus" industry

How can I contact SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD?

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD phone numbers is 84-24 / 3955 0003 / 3955 0004 / 3955 0005 / 3955 0006 / 3955 0007

What adverse news is there about SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD?

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD’s has no negative news

What is stock symbol of SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD?

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD is not listed company

Where is the location of SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD?

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD is located at Lot I-7, I-8, I-9, M-2, M-3, Thang Long Industrial Park, Vong La Commune, Dong Anh District, Ha Noi City, Vietnam

What is SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD’s business registration?

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD business registration is 0101759594

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SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

Corporate Status and Ownership

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SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

Corporate Status and Ownership

Business Operations

Financial Performance

Risk and Credit Outlook

Company Profile Report

Company Standard Report

Comprehensive Report

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