TECHTRONIC INDUSTRIES VIETNAM MANUFACTURING COMPANY LIMITED

TECHTRONIC INDUSTRIES VIETNAM MANUFACTURING COMPANY LIMITED (Vietnamese: CÔNG TY TNHH TECHTRONIC INDUSTRIES VIỆT NAM MANUFACTURING, abbreviated as TTIVN MFG) presents itself as a high-powered manufacturing player within Vietnam’s booming industrial sector. Operating under Business ID 3702696344 and based at L20-04 Becamex, No. 1 Hung Vuong Street, Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province, this foreign direct investment (FDI) enterprise is fully owned by Techtronic Industries Company Pte. Ltd. from Singapore.

Founded in 2018 and currently employing around 15,000 staff, TTIVN MFG produces and assembles a broad range of electrical and mechanical tools—from hand tools and electric pumps to lighting equipment and measurement devices. While this wide portfolio supports revenue diversity, the company’s financials reveal a picture that demands caution, particularly for suppliers, creditors, and institutional partners.

Red Flags That Require Further Risk Assessment

In 2023, TTIVN MFG reported USD 159.1 million in sales, reflecting a mild year-over-year growth of 6.96%. However, this modest revenue gain came after a 17.95% decline in 2022, indicating sales volatility that could be tied to market exposure, supply chain dependency, or global demand cycles. While net profit bounced back to USD 5.1 million—a 154.95% increase over the previous year—this came on the heels of a steep 69.45% drop in 2022, signaling inconsistent earnings.

The company's working capital is negative at USD -2.33 million, a serious risk flag. This liquidity crunch, despite having USD 95 million in assets, suggests that short-term liabilities exceed current assets, making the company potentially vulnerable to credit pressures, delayed payments, or supply disruptions.

Moreover, the equity base of USD 28.22 million—while stable—is not growing in proportion to asset expansion, hinting at a leverage imbalance or reinvestment hesitancy. Profit margins remain thin considering the scale of operations, and with multiple manufacturing locations (Binh Duong and Dong Nai), operational costs and financial control become even more complex.

Why a Deeper Look Is Essential

While on paper TECHTRONIC INDUSTRIES VIETNAM MANUFACTURING COMPANY LIMITED may appear operationally sound, the volatility in profits, negative working capital, and slow equity growth raise concerns for anyone considering long-term cooperation, credit extension, or investment.

As a risk manager, I highly recommend going beyond headline numbers. A surface-level company report does not reveal hidden supply chain vulnerabilities, cash flow timing issues, payment delays, or regulatory exposure.

To properly evaluate the risks, businesses should order the full investigative risk report from VANGUARD BUSINESS INFORMATION LLC (VBI). VBI's advanced insights include:

• Liquidity stress analysis

• Payment pattern tracking

• Ownership background screening

• Debt servicing capacity review

• Supply chain and compliance red flags

In conclusion, TECHTRONIC INDUSTRIES VIETNAM MANUFACTURING COMPANY LIMITED is a high-capacity manufacturer with an impressive workforce size and industrial diversity, but the financials suggest a fragile core that warrants thorough scrutiny. Before making any credit, trade, or strategic decision, get the complete risk profile from VBI—because risk that’s unseen is risk unmanaged.