ZEIT C&A VIETNAM COMPANY LIMITED: A Korean-Backed Construction Force in Hai Phong

ZEIT C&A VIETNAM COMPANY LIMITED, legally registered under the business ID and tax code 0201914476, is a one-member limited liability company that has made a notable mark in Vietnam’s infrastructure development sector. With its headquarters strategically located at Lot K-8, Trang Due Industrial Park, Dinh Vu – Cat Hai Economic Zone, Hong Phong Commune, An Duong District, Hai Phong City, the company plays a key role in large-scale civil engineering projects in the north of Vietnam.

Legal Structure and Ownership

Incorporated on November 29, 2018, ZEIT C&A VIETNAM COMPANY LIMITED is a wholly foreign-owned subsidiary of South Korea-based S&I ENGINEERING & CONSTRUCTION CO., LTD (Company ID: 669-87-02230), which holds 100% ownership. Its charter capital as of the end of 2023 stood at approximately USD 951,070, slightly exceeding the originally registered capital of USD 934,637.

The company is fully operational and recognized as an active entity by the Hai Phong Department of Planning and Investment. Its tax identification number is also 0201914476, confirming its compliance with Vietnamese business registration laws.

Executive Leadership

At the helm of ZEIT C&A VIETNAM COMPANY LIMITED is General Director Mr. Yi Won Jun, a South Korean national. His leadership has guided the company through both expansion and volatility, overseeing large infrastructure developments while managing capital-intensive operations.

Financial Overview

Despite market fluctuations in 2023, the company maintains a robust financial foundation. According to its financial statements:

• Revenue in 2023 reached USD 213.14 million, although this marked a 27.4% decline from the prior year.

• Total assets amounted to USD 82.29 million, showing a 23.79% drop year-over-year, likely reflecting the completion of major projects or adjustments in capital investments.

• Net profit stood at USD 13.79 million, still impressive despite a nearly 33% decrease compared to 2022.

• Owner’s equity rose modestly to USD 34.04 million, a 4.49% increase, which suggests the company is retaining value even amid changing external conditions.

• Working capital remains healthy at USD 37.68 million.

This financial trajectory shows the typical ebb and flow of a company deeply involved in the project-based civil construction sector. While 2022 marked a year of aggressive growth, 2023 seems to have been a phase of recalibration.

Core Activities

The main business of ZEIT C&A VIETNAM COMPANY LIMITED is the construction of other civil engineering works—an area that encompasses roadways, industrial plants, bridges, and other infrastructure critical to Vietnam’s economic modernization.

As Vietnam continues to prioritize infrastructure development, ZEIT C&A VIETNAM COMPANY LIMITED remains a valuable player. Backed by a solid Korean investor and guided by experienced leadership, the company is well-positioned for strategic growth and long-term stability in the dynamic Vietnamese market.