Vietnam Engine & Agricultural Machinery Corp.
UUPCOM:VEA39,000.00
VND
0.00
(0.00%)
ISIN
VN000000VEA2
Return %
Stock
S&P 500
1Y
-0.76
14.20
3Y
5.98
81.12
5Y
-4.65
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Giang Hoang Nguyen
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- Ha Noi Vietnam
- IPO Date
- Jul 2, 2018
- Website
- veamcorp.com
- Similar Companies
- Business
- Vietnam Engine & Agricultural Machinery Corp. (VEAM) is a Vietnam-based industrial manufacturing and investment holding enterprise primarily engaged in the development, manufacture, assembly, and distribution of internal combustion engines, agricultural equipment, commercial vehicles, and precision mechanical components. Founded in 1990 and headquartered in Hanoi, Vietnam, the corporation operates as a partially state-owned entity under the Ministry of Industry and Trade and trades on the UPCoM exchange under the ticker symbol VEA. VEAM structures its operations across four core business divisions: Agricultural Machinery, which manufactures two-stroke and four-stroke diesel and gasoline engines, power tillers, walking and four-wheel tractors, combine harvesters, rice transplanters, crop threshers, agricultural water pumps, and grain processing machinery; Commercial Vehicles and Automotive Assembly, operating under the VEAM Motor brand to produce light-, medium-, and heavy-duty cargo trucks, dump trucks, special-purpose transport vehicles, bus chassis, and vans; Precision Mechanical Engineering and Forgings, which fabricates automotive and motorcycle parts including transmission gearboxes, crankshafts, camshafts, connecting rods, wheel hubs, sprockets, industrial casting components, and stamped metal assemblies; and Strategic Automotive Joint Ventures, managing material equity holdings in major international manufacturers comprising a 30% stake in Honda Vietnam Co., Ltd., a 20% stake in Toyota Motor Vietnam Co., Ltd., and a 25% stake in Ford Vietnam Co., Ltd. The corporation executes its manufacturing activities through dedicated production units and specialized subsidiaries across the country, including the VEAM Motor Plant, Song Cong Diesel JSC (DISOCO), Tran Hung Dao Mechanical JSC, and Song Cong Mechanical JSC (FOMECO). It distributes products to agricultural operators, logistics fleets, and industrial clients throughout Vietnam, while exporting precision forged parts and engine components to international markets including Japan, Europe, and ASEAN member nations. In recent developments, VEAM has pursued comprehensive internal restructuring and operational adjustments to clear legacy vehicle inventories, optimize manufacturing capacity across its subsidiary network, and upgrade its commercial vehicle lineup to meet stringent Euro-5 emissions standards; expanded high-precision metal casting and machining partnerships to increase the local component content supplied to its joint venture partners Honda, Toyota, and Ford; and advanced strategic initiatives regarding corporate governance optimization and preparatory measures for an eventual listing transition from the UPCoM to the Ho Chi Minh Stock Exchange (HOSE) in coordination with state shareholder divestment frameworks.