VIETNAM PRECISION INDUSTRIAL JOINT STOCK COMPANY

VIETNAM PRECISION INDUSTRIAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN CÔNG NGHIỆP CHÍNH XÁC VIỆT NAM), widely known as VPIC, is a long-standing foreign-invested manufacturer operating under Business ID 3600244282, located at Lot E-0, Road 6, Ho Nai Industrial Park – Phase 2, Ho Nai Ward, Dong Nai Province, Vietnam. With more than 30 years of operation since its registration on 09 December 1994, VPIC has established itself as one of Vietnam’s most reputable producers of precision-engineered components for the automotive and mobility industries. 

The company operates with a solid capital foundation, holding USD 18.94 million in paid-up capital and an equity base of USD 111.66 million as of 2023. VPIC employs a streamlined yet technically skilled workforce and is led by Chairwoman Ms. Lee, W. C., supported by General Director Ms. Nguyen C. V. and Chief Accountant Ms. Nguyen T. N. V. The company’s ownership structure is fully foreign-invested, with major shareholders from Seychelles, Samoa, and Taiwan, reflecting VPIC’s deep integration into global manufacturing networks. 

Operationally, the company specializes in the manufacture of automotive and motorbike components, including metal parts, medical equipment, hospital beds, wheelchairs, specialized mobility support products, structural metal items, pumps, valves, fabricated metal goods, and various industrial tools. This broad spectrum of registered lines positions VPIC as a diversified manufacturer capable of serving multiple sectors from automotive OEMs to healthcare equipment producers. 

Financially, 2023 was a year of mixed performance. VPIC recorded:

• Total assets: USD 140.75 million

• Equity: USD 111.66 million

• Sales: USD 97.74 million

• Net profit: USD 15.23 million

• Working capital: USD 14.44 million

While equity continued to grow and profitability remained solid, revenue decreased 13.47% and profit dipped slightly by 0.39%, reflecting softer demand across global automotive markets. Working capital also declined significantly from 2022, suggesting tighter liquidity pressures tied to inventory and receivable cycles. 

From a credit risk perspective, VPIC demonstrates low overall exposure, supported by its strong equity base, long operational history, and consistent profitability. However, the decline in sales and tightening liquidity should be watched closely, particularly as automotive supply chains face cyclical fluctuations. VPIC’s broad product diversification, foreign shareholder strength, and strategic location in Dong Nai’s industrial cluster remain key stabilizing factors.

Overall, VIETNAM PRECISION INDUSTRIAL JOINT STOCK COMPANY stands out as a mature, well-capitalized, and globally integrated manufacturer with stable long-term prospects. An updated VNBIS report will provide deeper insights into its latest financial movements, market risks, and operational developments.