TOTO VIETNAM CO., LTD

TOTO VIETNAM CO., LTD (CÔNG TY TNHH TOTO VIỆT NAM) is a wholly foreign-owned subsidiary of TOTO ASIA OCEANIA PTE. LTD (Singapore), operating in Vietnam since December 2008. As a leading manufacturer of sanitary wares and ceramic-based building materials, the company plays a key role in Vietnam's construction materials supply chain, with its headquarters located at Thăng Long Industrial Park, Đông Anh District, Hà Nội. With a strong labor force of approximately 5,000 employees, it maintains branches in Hà Nội, Đà Nẵng, and Hồ Chí Minh City.

Legally structured as a one-member limited liability company, TOTO VIỆT NAM is registered under Business ID 0101225306 and reports a paid-up capital of over USD 37.4 million. The company has maintained a significant asset base, reaching USD 383.6 million in 2023. Despite its strong capital structure—with USD 189.6 million in owner’s equity—its profitability declined sharply in the most recent fiscal year, posting a net loss of USD 2.68 million, compared to profits in both 2021 and 2022. The loss, which represents a 128.09% year-over-year decline, appears to be driven by lower sales revenue (down 11.63% to USD 176.7 million) and potentially rising costs or market saturation.

One of the company's notable strengths is its positive working capital of USD 40.76 million, ensuring short-term financial stability and liquidity. The asset base continues to grow—albeit modestly in 2023—reflecting ongoing capital investments in machinery, technology, or expansion. However, the drop in both revenue and net profit indicates a potential operational risk that merits close monitoring, especially considering recent global construction slowdowns and cost inflation in raw materials.

From a business verification services perspective, TOTO VIỆT NAM remains an FDI-backed enterprise with a high level of transparency, strong capitalization, and compliance with regulatory frameworks. Still, the recent decline in earnings should prompt credit risk monitoring, particularly for suppliers and service providers offering deferred payment terms.

As part of VANGUARD BUSINESS INFORMATION LLC’s broader risk management services, we note that TOTO VIỆT NAM’s long operational history, large-scale production, and international shareholder backing suggest low insolvency risk. Nevertheless, clients relying on this company as a counterparty—whether for joint ventures, wholesale distribution, or industrial contracting—should consider conducting a Private Financial Data Review and a Vietnam Litigation Report to better understand any hidden financial or legal exposures.

In conclusion, TOTO VIỆT NAM CO., LTD remains a reputable and influential manufacturing entity within Vietnam’s ceramic and sanitary ware sector. While it retains a solid financial foundation, the emerging losses and revenue dip suggest a turning point in its growth trajectory, warranting ongoing due diligence and data-backed decision-making.