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VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD

Active

Business ID 2500213190

84-211 / 3842 897

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD

Active

Business ID 2500213190

84-211 / 3842 897

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD

Active

Summary

Name:

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD

Business ID (TIN):

2500213190

Date of Registration:

25 Dec 2007

Registered Office:

Vinh Phuc Province Department of Planning and Investment

Address:

Khai Quang Industrial Park, Khai Quang Ward, Vinh Yen City, Vinh Phuc Province, Vietnam

Phone:

84-211 / 3842 897

Financial Statement:

2020, 2021, 2022, 2023, 2024

VIET NAM PRECISION INDUSTRIAL NO.1 CO., LTD: Resilient Profitability Amid Revenue Decline

VIET NAM PRECISION INDUSTRIAL NO.1 CO., LTD (Vietnamese: CÔNG TY TNHH CÔNG NGHIỆP CHÍNH XÁC VIỆT NAM 1), also known as VPIC1, is a foreign-invested manufacturer operating in Vietnam’s auto and motorbike parts sector. Officially registered on December 25, 2007, under Business ID and Tax Code 2500213190, the company is based at Khai Quang Industrial Park, Khai Quang Ward, Vinh Yen City, Vinh Phuc Province, with a secondary factory located in Ba Thien II Industrial Park. The company is legally owned 100% by Eurocharm Innovation Co., Ltd, incorporated in the British Virgin Islands.

Now in its 17th year, VPIC1 specializes in producing mechanical parts and components for motor vehicles, medical devices, and sports equipment. It also engages in leasing industrial facilities. Under the leadership of Mr. Wu Tsong-Wuu, a Chinese national serving as General Director, the firm employs approximately 4,700 workers.

Financial performance in 2023 presents a mixed picture. Total revenue declined by 12.53% to USD 230.39 million, following a sharp 31.68% jump in 2022. This retreat suggests cyclical instability or contracting orders. Meanwhile, profit rose by 8.72% to USD 36.91 million, a modest increase compared to previous years but still demonstrating cost control and margin preservation. Equity growth was stronger, increasing 17.9% year-on-year, raising total equity to USD 175.4 million.

Despite stable profits, VPIC1's total assets dropped 11.53% in 2023 to USD 199.88 million, a concerning signal possibly linked to asset liquidation, reduced capital expenditure, or impaired receivables. The company's working capital stands at USD 90.7 million, offering a reasonable liquidity buffer, but long-term sustainability hinges on reversing the decline in revenue.

VANGUARD BUSINESS INFORMATION LLC (VBI) urges caution in evaluating firms like VPIC1, which demonstrate strong equity but declining sales. A drop in top-line performance—especially in a capital-intensive manufacturing industry—may signal competitive pressures, reduced export demand, or inefficiencies in production cycles. With tools for financial risk assessment, supplier verification, and performance monitoring, VBI supports stakeholders in making informed decisions, especially when dealing with foreign-invested companies whose internal restructuring may not always be transparent.

Ultimately, VIET NAM PRECISION INDUSTRIAL NO.1 CO., LTD remains a substantial entity within Vietnam’s industrial landscape. However, the shrinking revenue base and reduced assets, despite consistent profitability, warrant close scrutiny. Stakeholders, partners, and financiers should rely on detailed financial analysis and regular risk reviews from VBI to gauge future stability and operational resilience.

Legal Profile

English Name:

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD

Vietnamese Name:

CÔNG TY TNHH CÔNG NGHIỆP CHÍNH XÁC VIỆT NAM 1

Short Name:

VPIC1

Business ID (TIN):

2500213190

Date of Registration:

25 Dec 2007

Registered Office:

Vinh Phuc Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

WU, T

Address:

Khai Quang Industrial Park, Khai Quang Ward, Vinh Yen City, Vinh Phuc Province, Vietnam

Phone:

84-211 / 3842 897

Factory Address:

Ba Thien II Industrial Park, Binh Xuyen Commune, Phu Tho Province, Vietnam

Business Sector

Key business lines:

VSIC:

2930 Manufacture of parts and accessories for motor vehicles and other motor vehicles

NACE:

29.31 Manufacture of parts and accessories for motor vehicles

NAICS:

3363 Motor Vehicle Parts Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

5.34%

YoY (2023)

-0.39%

Companies by industry

Company distribution and propportions

992

0.0341%

Key Industry Players

Top 10 companies in manufacture of parts and accessories for motor vehicles and other motor vehicles industry

vietnam precision industrial joint stock company yamaha motor parts manufacturing vietnam co., ltd viet nam precision industrial no.1 co.,ltd harada industries vietnam limited hyundai kefico viet nam company limited fit voltaira vietnam limited liability company gentherm viet nam co., ltd bosch vietnam co., ltd global powersports manufacturing incorporation kolon industries viet nam co.,ltd

Payment History

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Financial Performance

Assets	92.36%
Owner’s Equity	50.66%
Working Capital	57.71%
Net Worth	73.93%
Sales	-95.84%
Operating income	-2.07%
EBIT	-42.04%
Gross Profit Margin	-3.02%
Debt to EBITDA	-34.11%

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Specific Questions About VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD

When did VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD start operating?

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD was started in 25 Dec 2007

What industry does VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD operate in?

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD is operating in "Manufacture of parts and accessories for motor vehicles and other motor vehicles" industry

How can I contact VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD?

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD phone numbers is 84-211 / 3842 897

What adverse news is there about VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD?

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD’s has no negative news

What is stock symbol of VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD?

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD is not listed company

Where is the location of VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD?

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD is located at Khai Quang Industrial Park, Khai Quang Ward, Vinh Yen City, Vinh Phuc Province, Vietnam

What is VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD’s business registration?

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD business registration is 2500213190

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VIET NAM PRECISION INDUSTRIAL NO.1 CO., LTD: Resilient Profitability Amid Revenue Decline

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VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD

VIET NAM PRECISION INDUSTRIAL NO.1 CO.,LTD

VIET NAM PRECISION INDUSTRIAL NO.1 CO., LTD: Resilient Profitability Amid Revenue Decline

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