TAEYANG VINA CO., LTD

TAEYANG VINA CO., LTD (CÔNG TY TNHH TAEYANG VIỆT NAM) is a large-scale South Korean–owned manufacturer located in Phố Nối A Industrial Park, Hưng Yên. Operating since 2006 under business ID 0900182899, the company employs about 3,500 workers, making it one of the major FDI employers in the province. Its operations focus on fabricated metal products, stainless-steel cutlery, and various metal-processing activities.

2023, however, marked a difficult year. As shown in the financial charts on page one, total assets fell sharply to USD 70.9 million, a 17.88 percent decline. Revenue dropped even more steeply to USD 90.77 million, down thirty-five percent from the previous year. Profit suffered the most, falling from USD 16 million in 2022 to just USD 5.68 million in 2023, a collapse of more than sixty-four percent. Working capital also contracted significantly, reflecting a tightening liquidity position.

Equity decreased to USD 38.77 million, reversing the major capital expansion recorded in 2022. Despite the downturn, the company remains financially solid with a sizeable asset base and long-term operational history. Leadership is held by General Director Lee H. J. and Managing Director Cho Y. G., supported by Vietnamese chief accountant Do M. C.

Taeyang Vina continues to operate multiple facilities, including a factory in Kim Động District and a branch in Đồng Nai. The company’s challenges in 2023 appear closely tied to weaker global demand for metal products and cost pressures in manufacturing, yet its scale and diversified production capabilities provide room for recovery.