TRINA SOLAR (VIETNAM) WAFER COMPANY LIMITED

TRINA SOLAR (VIETNAM) WAFER COMPANY LIMITED is a wholly foreign-owned enterprise (FDI) operating in Vietnam under Business ID 4601593023. Officially registered on June 13, 2022, the company is legally structured as a one-member limited liability company, with its head office located at Lot CN 15-2, Yen Binh Industrial Park, Hong Tien Ward, Pho Yen City, Thai Nguyen Province, Vietnam.

A subsidiary of TRINA SOLAR (SINGAPORE) SCIENCE & TECHNOLOGY ENERGY PTE. LTD., the company is part of the global Trina Solar network, specializing in the manufacture of monocrystalline silicon bars and plates, a core component in the photovoltaic industry.

Strong Financial Growth Amid Volatility

Despite being a relatively new player in the Vietnamese manufacturing sector, the company has demonstrated impressive financial performance. As of FYE 2024, TRINA SOLAR (VIETNAM) WAFER CO., LTD reported:

• Total Sales: USD 380.3 million (YoY growth: ▲223.81%)

• Total Assets: USD 496.71 million (YoY change: ▼17.46%)

• Profit: USD 24.94 million (YoY growth: ▲59.74%)

• Owner’s Equity: USD 117 million

These figures reflect significant expansion following a remarkable YoY sales jump from just USD 117.4 million in 2023, underlining the company’s rapid scalability and growing market presence.

Leadership and Workforce

The company is led by Mr. Zhang J., a Chinese national, serving as General Director. Under his leadership, the workforce has grown to 555 employees, supporting the company's high-capacity operations in electrical equipment manufacturing.

Capital & Ownership

As of December 31, 2023, the company’s paid-up capital reached USD 72.82 million, surpassing its original charter capital of approximately USD 69.94 million. Entirely owned by its Singaporean parent firm, the company exemplifies strong cross-border investment and high-level technology transfer from one of the world’s leading solar innovators.