SUMITOMO HEAVY INDUSTRIES (VIETNAM) CO., LTD

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.