VIETNAM MACHINERY INSTALLATION CORPORATION - JSC

VIETNAM MACHINERY INSTALLATION CORPORATION – JSC (TỔNG CÔNG TY LẮP MÁY VIỆT NAM - CTCP), widely known as LILAMA, is a state-owned enterprise headquartered at No. 124 Minh Khai Street, Hai Ba Trung District, Ha Noi. With business ID and tax code 0100106313, this joint stock company has been in operation for over 14 years and is listed on UpCOM under the stock symbol LLM.

The company operates across multiple branches nationwide, specializing in EPC contracting, machinery and electrical installation, and heavy industrial construction. It is chaired by Mr. Bui Duc Kien and managed by General Director Mr. Nguyen Van Hung.

In 2023, VIETNAM MACHINERY INSTALLATION CORPORATION – JSC recorded a robust revenue of USD 208.66 million—a staggering 75.62% increase year-over-year. However, profitability remains elusive. The company continued to operate at a net loss of USD 801,025, an improvement from the deeper loss of over USD 2.2 million in 2022. Total assets slightly rebounded to USD 261.7 million, while equity declined to USD 38.76 million.

Despite the surge in sales, the recurring losses point to systemic inefficiencies or burdensome project costs. LILAMA’s low profit margins and shrinking equity base suggest that while projects are flowing in, they’re not translating into healthy bottom-line performance. Urgent focus on cost control, better risk pricing in EPC contracts, and improved project execution efficiency will be key if the firm is to reverse this trend.

For investors and partners, VIETNAM MACHINERY INSTALLATION CORPORATION – JSC presents both scale and potential—but also risk. For a deeper dive into its operations, financial position, and investment viability, Vanguard Business Information LLC delivers trusted business intelligence across Vietnam’s industrial giants.