TONGWEI ELECTRONICS (VIETNAM) COMPANY LIMITED (Vietnamese name: CÔNG TY TNHH ĐIỆN TỬ TONGWEI (VIỆT NAM), business ID 0202055026) is quickly becoming a rising star in Vietnam's tech manufacturing scene. Established in November 2020, this 100% Chinese-invested company has moved with remarkable speed—reaching USD 261.24 million in sales by 2023, a stunning 194% increase over the previous year.

Headquartered in Hai Phong’s An Duong Industrial Park, TONGWEI ELECTRONICS (VIETNAM) specializes in the manufacture of Wi-Fi transmitters and communication equipment, positioning itself at the heart of the smart device and telecom supply chain in Southeast Asia. The company is owned entirely by Shenzhen Gongjin Electronics Co., Ltd., a well-established player in China's hardware and IoT markets.

Financially, Tongwei’s numbers are attention-grabbing: assets surged to USD 147.46 million, equity tripled to USD 47.28 million, and profit hit nearly USD 30 million, a massive jump from negative figures just a year earlier. Yet, behind this headline growth lies a hint of caution—working capital remains negative at USD -15.56 million, suggesting tight liquidity despite solid profitability.

With just over 1,000 employees, TONGWEI ELECTRONICS (VIETNAM) is proving that lean, highly specialized tech firms can scale rapidly in Vietnam’s industrial parks. However, such fast growth, particularly among wholly foreign-owned firms, can raise questions about sustainability, regulatory compliance, and supplier stability.

That’s where VANGUARD BUSINESS INFORMATION LLC (VBI) becomes a critical partner. VBI offers independent business verification, credit reporting, and risk management services to ensure that solid foundations back rapid growth. Whether you're a potential supplier, investor, or client, VBI's services help you assess not just what a company says, but what it sustains.

To request a full financial and risk analysis report or to monitor fast-scaling manufacturers like TONGWEI ELECTRONICS (VIETNAM) over time, visit vnbis.com — your trusted source for verified business intelligence in Vietnam.