VINA SOLAR TECHNOLOGY CO.,LTD

VINA SOLAR TECHNOLOGY CO., LTD (CÔNG TY TNHH VINA SOLAR TECHNOLOGY) is a foreign-invested enterprise specializing in the manufacturing and assembly of solar panels in Vietnam. Established on April 25, 2014, the company is registered under the Bac Giang Province Department of Planning and Investment with Business ID 2400735683. It operates as a one-member limited liability company and is wholly owned by EZ International Limited, a Hong Kong-based firm. The company’s headquarters is located in Van Trung Industrial Park, Viet Yen Town, Bac Giang Province.

VINA SOLAR TECHNOLOGY CO., LTD is a key player in Vietnam’s renewable energy sector, with a focus on solar panel production and workshop leasing. The company is also involved in various related industries, including the manufacture of other electrical equipment, power generation, land and property trading, and non-specialized wholesale trade. With 1,500 employees, the company contributes significantly to the local economy and the global renewable energy supply chain.

The company is led by Chairman Huang Jiqun and General Director Zhao Duohu, both of whom are Chinese nationals. Their leadership has guided the company through various phases of expansion and financial restructuring, positioning VINA SOLAR TECHNOLOGY CO., LTD as a strategic hub for solar energy manufacturing in Vietnam.

Financially, VINA SOLAR TECHNOLOGY CO., LTD has experienced fluctuating performance over the years. As of the fiscal year ending December 31, 2023, the company reported total assets of USD 821.84 million, reflecting a 9.5% decrease from the previous year. Sales revenue stood at USD 1.22 billion, marking a 10.68% decline. However, despite previous financial setbacks, the company rebounded with a profit of USD 16.93 million, representing an impressive 157.47% year-on-year increase. Owner’s equity also saw a recovery, rising to USD 149.35 million, an increase of 16.48%.

VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of financial intelligence, identifies VINA SOLAR TECHNOLOGY CO., LTD as a crucial entity in Vietnam’s renewable energy market. While the company faces challenges related to asset fluctuations and revenue declines, its recent profitability surge suggests a potential turnaround. Investors and market analysts focusing on Vietnam’s solar industry should monitor VINA SOLAR TECHNOLOGY CO., LTD for future growth and stability, as it continues to play a vital role in advancing sustainable energy solutions.