VIETNAM MANUFACTURING & EXPORT PROCESSING COMPANY LIMITED

VIETNAM MANUFACTURING & EXPORT PROCESSING COMPANY LIMITED, commonly known by its Vietnamese name CÔNG TY HỮU HẠN CHẾ TẠO CÔNG NGHIỆP VÀ GIA CÔNG CHẾ BIẾN HÀNG XUẤT KHẨU VIỆT NAM (VMEP), is one of the longest-standing foreign-invested motorcycle manufacturers in Vietnam. Established in March 1992, the company operates in Dong Nai Province and has maintained a continuous presence in Vietnam’s two-wheeler manufacturing industry for more than 33 years.

The company is registered as a one-member limited liability company, operating under Business Registration Number and Tax Code 0100113864, issued by the Dong Nai Province Department of Planning and Investment. VMEP is a 100 percent FDI enterprise, ultimately owned by an offshore holding entity based in the Cayman Islands, and currently employs approximately 1,100 workers across its manufacturing and commercial operations.

Management is led by Ms. Wu J. C., serving as Chairwoman cum General Director, with financial oversight handled by Ms. Chau T. T. U., Chief Accountant. The company’s core activities include the manufacture of motorcycles, components, and spare parts, alongside related engineering, metal processing, and after-sales services.

From a financial perspective, two points stand out as particularly critical. First, sales have contracted sharply, declining to USD 58.07 million in FY2024, down nearly 35 percent year on year, reflecting sustained weakness in domestic demand and intense competition in Vietnam’s motorcycle market. Second, and more concerning, the company recorded a net loss of USD 5.49 million in 2024, reversing a modest profit in the prior year and pushing profitability into negative territory despite a still-strong equity base of USD 59.79 million.

Overall, VMEP remains a capital-intensive, asset-heavy manufacturer with deep industry roots. Still, its recent financial performance highlights growing pressure on margins and volumes—key risk factors for suppliers, lenders, and business partners evaluating long-term exposure to Vietnam’s mature motorcycle segment.