10/10 TEXTILE JOINT STOCK COMPANY

10/10 TEXTILE JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN DỆT 10/10), Business ID: 0100100590, is headquartered at No. 9/253 Minh Khai Street, Vinh Tuy Ward, Hai Ba Trung District, Ha Noi City, Vietnam. Established on 12 January 2000, the company has operated for over 26 years in Vietnam’s textile industry and currently employs approximately 1,000 staff. It is structured as a joint stock company and remains privately held.

With a long-standing presence in the market, 10/10 TEXTILE JOINT STOCK COMPANY focuses on producing and trading tulle net, curtain materials, and other textile products. Its registered business lines also include spinning, weaving, finishing textiles, the wholesale of textiles and machinery, and several related industrial activities. The company maintains multiple operational locations, including branches in Ho Chi Minh City and Hung Yen, as well as a workshop in Hanoi, which support its production and distribution network.

Financially, the company reported total assets of approximately USD 41.09 million and total sales of USD 61.23 million. However, working capital stood at negative USD 1.49 million, reflecting short-term liquidity pressure. Profit was recorded at around USD 198,253, indicating a relatively thin margin relative to its revenue. Owner’s equity was maintained at roughly USD 3.58 million, suggesting a modest capital base relative to total assets.

Over the past three-year period, sales were volatile, rising before declining significantly in the latest year. While assets showed signs of recovery after a previous contraction, profitability weakened year-on-year. This combination of declining revenue and negative working capital may require careful monitoring from lenders, suppliers, and business partners.

The shareholding structure consists of a large group of founding shareholders holding the majority stake, while a corporate shareholder holds the remaining portion. Such a dispersed ownership model may influence corporate governance and long-term strategic direction.

With more than two decades of experience, diversified production activities, and an established industrial footprint, 10/10 TEXTILE JOINT STOCK COMPANY remains an active player in Vietnam’s textile manufacturing sector. Nevertheless, from a credit and financial risk perspective, updated financial data and deeper analysis are essential before entering into major commercial transactions.