Dongjin Techwin Vina Co., Ltd (Vietnam)

DJV was invested by DONGJIN TECHWIN CO.,LTD in 2012. It majors in manufacturing plastic parts for washing machines and vacuum cleaners. Most of input materials are purchased in the local market, and the remainder is imported from South Korea and China.Remarkably, last year, in order to increase the production scale, the subject demolished its former factory to build a new factory with larger production scale, the subject's chief accountant revealed. Besides traditional products, the company also produces more parts for other household appliances. As a result, total investment capital of DJV lifted to USD 14 million now. For that reason of demolishing, the company had to incur high other expenses of VND 78.9 billion, leading to negative business result in 2021. The chief accountant added that about 98% of DJV's finished products are provided to LG ELECTRONICS VIETNAM. After expanding the scale, total sales of the subject grew strongly in 2022. For the three first quarters of 2023, the company generated total income of VND 545.298 billion, exceeding the figure of all 2022.