Nagakawa Vietnam
Nagakawa Vietnam is a Hanoi-based, HNX-listed manufacturer and distributor of air conditioning systems, premium kitchen appliances, and household durables, selling through nationwide dealer networks, e-commerce, and B2B project channels to Vietnamese residential and commercial customers.
- Company typePublic
- Founded2002
- HeadquartersHanoi, Vietnam
- Headcount101–250
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Nagakawa Vietnam does
Nagakawa Vietnam (legal name: Công ty Cổ phần Tập đoàn Nagakawa; ticker hnx:NAG) is a Vietnamese public company founded in 2002 and headquartered in Hanoi, operating as a manufacturer and distributor of consumer durables spanning air conditioning, premium kitchen equipment, and household appliances. Its core portfolio includes residential air conditioners, commercial and VRF central systems, chiller-based cooling, induction cooktops, range hoods, dishwashers, air-purifying dehumidifiers, ceramic heaters, and water purifiers. Product technology is grounded in conventional consumer electronics engineering — inverter motor control, HEPA H13 filtration, PTC ceramic heating elements, BLDC motors, and motion-sensing range hood controls — with select products carrying energy efficiency certification from Vietnam's Ministry of Industry and Trade.
The company monetizes primarily through hardware unit sales priced in Vietnamese Dong, distributed via a nationwide dealer and agent network covering tens of thousands of retail points, supplemented by direct e-commerce (shop.nagakawa.com.vn), modern retail partnerships, and a project sales channel targeting contractors, engineering firms, and large-scale commercial construction for VRF and central HVAC installations. Customer segments span individual residential households (primary), contractors and construction firms, and commercial buildings/offices. Extended warranties of up to 5 years on motors and a nationwide authorized service network function as supporting value propositions.
FY2025 revenue reached 3,328 billion VND with 32.88 billion VND in after-tax profit, and management has set a FY2026 target of 4,000 billion VND revenue and 42 billion VND profit. Capital structure was materially expanded via a 2022 rights offering that doubled charter capital to 333.6 billion VND, and a $15M USD domestic manufacturing factory is under construction. Recent strategic activity includes the 2024 brand identity refresh and the 2026 'Gọi tôi là Naga' (Call me Naga) brand rejuvenation campaign tied to a 2026-2030 strategic development plan. The company is currently Vietnam-only with no disclosed international footprint.
Nagakawa Vietnam firmographics
Firmographics- Name
- Nagakawa Vietnam
- Legal name
- Công ty Cổ phần Tập đoàn Nagakawa
- Website
- https://nagakawa.com.vn
- Company type
- Public
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Nagakawa Vietnam is a Hanoi-based, HNX-listed manufacturer and distributor of air conditioning systems, premium kitchen appliances, and household durables, selling through nationwide dealer networks, e-commerce, and B2B project channels to Vietnamese residential and commercial customers.
- Ownership category
- akta.pro rank
Nagakawa Vietnam industry classification
Industry- Product category
- Consumer Electronics
- NAICS
- Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Small Electrical Appliance Manufacturing (335210), Industrial and Commercial Fan and Blower and Air Purification Equipment Manufacturing (333413)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Electric Housewares & Fans (3634)
- akta.pro primary industry
- HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)
- akta.pro secondary industries
- Ventilation, Ducting & Air Distribution Equipment (IMAHAKAG), Compressors, Refrigeration Components & Condensing Units (IMADANAG)
Keywords
Where Nagakawa Vietnam is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Offices1 record
Markets served
Nagakawa Vietnam business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Air Conditioning Sales: Primary revenue stream from manufacturing and distributing residential and commercial air conditioning systems including VRF central systems, cassette units, floor-standing units, and chillers.
- Premium Kitchen Equipment: Revenue from selling premium kitchen appliances including induction cookers, range hoods, and dishwashers through dealer networks and retail channels.
- Household Appliances: Revenue from dehumidifiers, ceramic heaters, and other home appliances sold through multiple distribution channels.
- Project/Contractor Sales: B2B revenue from supplying air conditioning solutions to construction projects, industrial facilities, and commercial buildings.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Bếp đôi điện từ hồng ngoại Nagakawa NII8996 - 4500W |
| Unit Pricing | Pay-as-you-go | Máy rửa bát độc lập 15 bộ Nagakawa NMD9818 |
| Unit Pricing | Pay-as-you-go | Máy hút mùi Nagakawa NAG1854-70VM |
| Unit Pricing | Pay-as-you-go | Máy hút ẩm lọc không khí 30L Nagakawa NAD8666 |
| Unit Pricing | Pay-as-you-go | Máy sưởi gốm 2200W Nagakawa NEH8399 |
| Unit Pricing | Pay-as-you-go | Máy hút mùi kính cong 70cm Nagakawa NRH9591 |
| Unit Pricing | Pay-as-you-go | Bếp điện từ đôi Inverter Nagakawa NDI9193 - 4000W |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Nagakawa Vietnam product offering
Product offeringCore offering
Nagakawa Vietnam manufactures and distributes a multi-category lineup of consumer durables including residential and commercial air conditioning systems (including VRF central and Chiller units), premium kitchen appliances (induction cooktops, range hoods, dishwashers), and household appliances (dehumidifiers, ceramic heaters, water purifiers, and the D-combie combined system). The company sells these products under its own Nagakawa brand across Vietnam through dealers, retail chains, its own e-commerce site, and direct project sales for commercial/industrial HVAC installations.
Product overview
Nagakawa Vietnam operates as a diversified consumer appliances company offering a unified portfolio of air conditioning, kitchen appliances, and home appliances. The core product lines include: (1) Air Conditioning - residential units, commercial local systems (cassette, ducted, floor-standing, multi, ceiling types), VRF central systems, and Chiller units; (2) Kitchen Appliances - dishwashers (15-16 set capacity), range hoods (motion-sensing and curved glass models), and electric induction cooktops (dual-zone, triple-zone UltraSlim, and smart models ranging 4000-4500W); (3) Home Appliances - air-purifying dehumidifiers (10-50L capacity), ceramic heaters (2000-2200W), water purifiers, and the D-combie combined appliance system. All products are positioned in the mid-to-premium segment, with some products carrying energy efficiency certification from Vietnam's Ministry of Industry and Trade. The company operates its own e-commerce platform for online sales and maintains a nationwide distribution network.
Differentiator
Problem solved
Functional benefit
Products and services
- Nagakawa Residential Air Conditioners Residential air conditioning units designed for household use across multiple capacity configurations, providing climate control for Vietnamese homes.
- Nagakawa Commercial Air Conditioning Systems Commercial air conditioning lineup including cassette, ducted, floor-standing, multi-split, and ceiling-mounted units for offices, retail stores, and small-to-medium commercial spaces.
- Nagakawa VRF Central Air Conditioning Systems Variable Refrigerant Flow (VRF) central air conditioning systems engineered for large commercial buildings, factories, and industrial facilities requiring scalable, zoned cooling.
- Nagakawa Chiller Air Conditioning Systems Chiller-based air conditioning systems for industrial and large-scale commercial applications requiring high-capacity cooling.
- Nagakawa Dishwashers Freestanding and semi built-in dishwashers with 15-16 European tableware set capacity, multiple wash programs, BLDC motors, Auto Door Open drying, and timer scheduling for residential kitchens.
- Nagakawa Range Hoods Range hoods with airflow capacities up to 1,100 m³/h, including Leap Motion hands-free control, touch control, auto-clean motors, LED lighting, and activated carbon filters for residential kitchens.
- Nagakawa Electric Induction Cooktops Dual-zone and triple-zone electric induction cooktops (4000-4500W) featuring inverter technology, Booster function, Kanger ceramic glass surfaces, slide & touch controls, and preset cooking menus for residential kitchens.
- Nagakawa Air-Purifying Dehumidifiers Dehumidifiers (16L to 50L/day) with integrated HEPA H13 filtration for PM2.5 and mold removal, multiple operation modes including laundry drying, continuous drain option, and R290 eco-friendly refrigerant.
- Nagakawa PTC Ceramic Heaters PTC ceramic heaters (2000-2200W) providing rapid warmth without burning oxygen, with oscillation, touch/remote control, multiple modes (Fan/Warm/Hot), and V-0 fireproof material for safe residential use.
- Nagakawa Water Purifiers Water purification products providing clean drinking water for Vietnamese households, representing the company's direction in deepening technology investment in the home appliance ecosystem.
- Nagakawa D-combie Combined Appliance System Combined appliance system under the D-combie brand integrating multiple home appliance functions into a single household solution.
Quantifiable outcome
- Energy savings certified by Ministry of Industry and Trade for induction cookers
- +1 more outcomes
Companies that use Nagakawa Vietnam
Customer profileSegments3 records
Ideal customer profiles2 records
Nagakawa Vietnam technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Nagakawa Vietnam partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Vietnam Young Entrepreneurs Association (Hội Doanh nhân trẻ Việt Nam)coreNagakawa partners with the Vietnam Young Entrepreneurs Association for community social responsibility activities, including the 'Hành trình tri ân - Thắp sáng niềm tin' program visiting families of revolutionary contributors in Dak Lak, Gia Lai, and Quang Ngai provinces.
Scale indicators8 records
Recent moves8 records
Expansion highlights5 records
Nagakawa Vietnam competitors and assessment
Company assessmentDirect peers
- Sunhouse Vietnam: Vietnamese home appliance and kitchen equipment brand selling induction cookers, range hoods, and household appliances through similar nationwide dealer/distributor channels as Nagakawa.
- Kangaroo Vietnam: Vietnamese home appliance brand offering air conditioners, water purifiers, kitchen equipment, and household appliances through nationwide dealer networks — the closest domestic multi-category competitor to Nagakawa in Vietnam.
Broad incumbents
- Daikin Vietnam: Global HVAC leader with deep presence in Vietnam selling residential and commercial air conditioning, including VRF systems that directly overlap Nagakawa's core AC product line.
- Mitsubishi Electric Vietnam: Japanese premium HVAC manufacturer with VRF, commercial AC, and residential systems sold in Vietnam, competing for the same contractors and commercial projects as Nagakawa's project channel.
- Panasonic Vietnam: Japanese appliance major selling air conditioners, kitchen equipment, and home appliances in Vietnam, overlapping Nagakawa across the residential AC and kitchen-appliance segments.
- Gree Vietnam: World's largest residential AC manufacturer by volume, with strong Vietnamese distribution in residential and light-commercial air conditioning directly competing with Nagakawa's core offering.
- Midea Vietnam: Major Chinese appliance and HVAC manufacturer with Vietnam operations spanning air conditioners and household appliances, competing against Nagakawa across both core categories.
- Samsung Vietnam: Global consumer electronics brand with strong Vietnamese presence in air conditioners and home appliances, competing for the same premium-residential consumer as Nagakawa.
- LG Electronics Vietnam: Korean appliance and air conditioning manufacturer with established Vietnam operations across residential AC, kitchen, and home appliance categories comparable to Nagakawa's portfolio.
Regional players
- Aqua Vietnam: Sanyo-spinoff appliance brand focused on washing machines, refrigerators, and AC in Vietnam — directly comparable product categories and mid-market positioning to Nagakawa.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Nagakawa Vietnam social profiles
Digital presenceNagakawa Vietnam financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nagakawa Vietnam leadership team
Management profileNumber of profiles
Profiles4 records
Nagakawa Vietnam subsidiaries and ownership
Company hierarchySubsidiaries1 record
Nagakawa Vietnam funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nagakawa Vietnam M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nagakawa Vietnam
What does Nagakawa Vietnam do?
Nagakawa Vietnam manufactures and distributes a multi-category lineup of consumer durables including residential and commercial air conditioning systems (including VRF central and Chiller units), premium kitchen appliances (induction cooktops, range hoods, dishwashers), and household appliances (dehumidifiers, ceramic heaters, water purifiers, and the D-combie combined system). The company sells these products under its own Nagakawa brand across Vietnam through dealers, retail chains, its own e-commerce site, and direct project sales for commercial/industrial HVAC installations.
Is Nagakawa Vietnam a public or private company?
Nagakawa Vietnam is a public company. It is classified as public and is currently operating.
When was Nagakawa Vietnam founded?
Nagakawa Vietnam was founded in 2002. It employs 101 to 250 people.
Where is Nagakawa Vietnam based?
Nagakawa Vietnam is headquartered in Hanoi, Vietnam, in the Asia region.
How does Nagakawa Vietnam make money?
Four revenue lines are on record. Air Conditioning Sales are the primary driver. The others are premium Kitchen Equipment, household Appliances and project/Contractor Sales.
Who are Nagakawa Vietnam's main competitors?
Direct peers on record are Sunhouse Vietnam and Kangaroo Vietnam. Broad incumbents are Daikin Vietnam, Mitsubishi Electric Vietnam, Panasonic Vietnam, Gree Vietnam, Midea Vietnam, Samsung Vietnam and LG Electronics Vietnam. Aqua Vietnam is listed as a regional player.
Does Nagakawa Vietnam have an API?
No public API is recorded for Nagakawa Vietnam.
What industry is Nagakawa Vietnam in?
Nagakawa Vietnam's product category is Consumer Electronics. Its primary akta.pro industry code is IMAHAKAB, HVAC Equipment (Heating, Cooling & Air Handling), with a secondary code of IMAHAKAG, Ventilation, Ducting & Air Distribution Equipment. Its NAICS code is 333415 and its SIC code is 3585.