Enterprise Digital-Intelligence Yonyou BIP - Yonyou Global Official Website

From Cost-Driven to Cost Leadership: VSUN Group Catches the Tailwind of Vietnam's Photovoltaic Industry Boom

VSUN Group, a Tier 1 photovoltaic module manufacturer founded in 2014, partnered with Yonyou to address operational challenges from rapid expansion in Vietnam's competitive solar market. Yonyou provided a localized Vietnamese-language ERP solution compliant with Vietnamese Accounting Standards (VAS), integrating finance, production, supply, and sales through YonBIP platform. The implementation connected ERP and MES systems for real-time production data sharing, improved supply chain coordination, and ensured customs compliance for bonded materials. This digital transformation enabled VSUN to achieve transparent management, cost leadership, and sustainable compliant operations across its global business.

Founded in 2014, VIETNAM SUNERGY JOINT STOCK COMPANY (VSUN) Group specializes in the research and development, production, sales, service, and complete industrial chain layout of solar photovoltaic modules and solar terminal applications. VSUN has been rated as a Tier 1 photovoltaic module manufacturer by Bloomberg New Energy Finance. In 2022, VSUN received a Bronze medal in the EcoVadis global corporate social responsibility assessment and joined the United Nations Global Compact (UNGC). VSUN has earned the trust of numerous renowned global institutions and financial organizations, with its products widely used in large-scale power stations and industrial and commercial systems in Europe, the Americas, Southeast Asia, and other countries. VSUN' s rapid expansion in tandem with the highly competitive photovoltaic market has resulted in significant operational challenges. Increasing orders, production workshops, and personnel, the complexity of management has become increasingly prominent, and bottlenecks have emerged in improving operational efficiency. Managers at all levels of VSUN have often found themselves grappling with numerous operational management challenges. Moreover, its export business requires strict standardization of material ﬂow processes and timely, accurate data input. Meeting Localization Needs in Vietnam To accommodate its large Vietnamese workforce, VSUN needed a system with a Vietnamese language interface. Yonyou addressed this requirement by releasing a local language pack that enables full Vietnamese display within the system. This ensures that Vietnamese employees can use the system effectively and enhances their overall user experience. Furthermore, Yonyou has a local original equipment manufacturer (OEM) service organization in Vietnam, which can provide digital and intelligent services to locally operating enterprises. Through professional system integration solutions and localized implementation and delivery services, Yonyou meets the localized financial reporting and financial data compliance requirements faced by VSUN in Vietnam. Yonyou' s product solutions comply with the Vietnamese Accounting Standards (VAS), enabling flexible handling of VAS-specific financial processing requirements such as VAS account setting and daily depreciation of fixed assets in the first month. Additionally, it provides fully Vietnamese-language versions of business documents, financial vouchers, and reports, satisfying financial compliance audit requirements and enabling the timely and accurate issuance of annual financial statements in accordance with VAS. Simultaneously, by leveraging YonBIP, Yonyou’ s Business Innovation Platform to build a multi-organizational digital and intelligent platform for the group, which integrates finance and industry, production, supply, and sales, as well as localized compliance management, VSUN has achieved internal linkage and high-level integration and sharing of information and data between financial and business systems. This platform breaks down departmental barriers, enabling comprehensive company-wide management and further realizing transparent management. ERP+MES Achieve Full-Process Integration Yonyou has helped VSUN connect its ERP and MES systems, enabling real-time sharing and interconnection of production data. This integration enables comprehensive coordination across sales, procurement, inventory, and production, achieving interconnected data and enabling integrated management of production, supply, and sales with MES. On the other hand, Yonyou has connected production planning with production execution, allowing for real-time control of data throughout the entire process, thereby improving production efficiency and on-time delivery rates. Furthermore, Yonyou' s social business model effectively integrates the upstream and downstream elements of the industry chain. In practical applications, VSUN can more fully leverage the mature industry chains in regions such as Vietnam and China, enhancing the timeliness of raw material supply and reducing procurement and inventory costs, thereby better achieving cost control. Data Compliance Facilitates Compliant Cperations Yonyou has supported VSUN in establishing a new platform for smart photovoltaic management. Through the centralized application of business systems, it has achieved standardization and uniﬁcation of business and financial data, meeting customs regulatory compliance requirements. As an Export Processing Enterprise (EPE), it is crucial for VSUN to ensure that purchased bonded materials are used within the export processing zone; otherwise, a 10% value-added tax (VAT) will be imposed. Therefore, data such as unit consumption and settlement during the production process need to be promptly verified before customs declaration to identify potential discrepancies and risks in advance and effectively apply for and submit corrections. The BIP system can comprehensively trace and display VSUN' s internal use and balance of bonded materials, as well as discrepancies between logistics inventory data and customs theoretical inventory data. This allows VSUN managers to quickly check discrepancies on a monthly or quarterly basis, identify the sources of risk, and make corrections, ensuring continuous standardization and improvement of the enterprise and sustainable compliant operations. Yonyou, in collaboration with VIETNAM SUNERGY JOINT STOCK COMPANY, has established a uniﬁed, collaborative, and data-com- pliant intelligent management platform, achieving full integration of production, supply, and sales, as well as comprehensive interconnectivity in operational management and control. This partnership adopts a vertical integration perspective across the industry chain, leveraging digitization to facilitate seamless collaboration and data linkage across all business scenarios. This results in a new and refined management paradigm characterized by agile manufacturing, efficient operations, and intelligent analysis, creating a "new business card" for intelligent photovoltaic management.

Yonyou BIP: The Choice of Leading Global Enterprises

Contact us, and our Yonyou performance consultants will provide you with full support.

Sharing industry best practices

Read the full story