4 ORANGES CO., LTD.: Inside One of Vietnam’s Largest Paint Manufacturers — And the Sharp Financial Decline Behind the Brand

4 ORANGES CO., LTD. (CÔNG TY 4 ORANGES CO., LTD.) is one of Vietnam’s most recognized foreign-invested paint manufacturers, known widely through brands that appear in construction sites, retail stores, and major real estate projects nationwide. Established in 2008 and headquartered in Long An’s Đức Hòa 1 Industrial Park, the company commands a massive workforce of 1,600 people and maintains branches across Hồ Chí Minh City, Đà Nẵng, and Bắc Ninh.

But behind the scale and brand visibility lies a financial story far more complex — and far more intriguing for investors, suppliers, competitors, and risk managers.

A Solid Legal Foundation With International Ownership

Operating under Business ID 1100589373, 4 ORANGES is a long-standing FDI enterprise with charter capital exceeding USD 6.9 million. Its ownership is divided among three major entities: a Vietnamese company holding 49 percent, and two offshore structures in the British Virgin Islands and Hong Kong, which together control more than half of the equity. The company’s chairwoman is Thai, overseeing an organization that blends international capital with local execution.

This multinational ownership model often brings strong funding and technology, but it also creates information asymmetry — a challenge that only detailed credit reports like those from VNBIS can clarify.

Revenue and Profit: A Critical Turning Point

• Sales plunged from USD 138.4 million to USD 94 million, a steep 32.08 percent drop.

• Profit collapsed by 42.35 percent, falling to USD 22.6 million.

• Equity dropped dramatically by 36.08 percent, signaling possible internal restructuring, losses absorbed at the group level, or aggressive dividend practices.

Even more concerning, total assets have fallen consistently for two years, dropping from USD 138.7 million to USD 110.4 million.

For a company of this size, such declines raise critical questions:
Are raw material costs squeezing margins?
Is demand shifting in Vietnam’s construction market?
Is there undisclosed pressure inside the group’s offshore shareholders?

These are the types of risks that business lenders, import/export partners, and corporate procurement teams must evaluate — and VNBIS provides the detailed financial breakdowns needed to see the whole picture.

Why This Matters And Why Readers Visit VNBIS

4 ORANGES is not a minor manufacturer; it is one of Vietnam’s most important producers of paints, varnishes, and industrial coatings. Any significant financial movement inside such a company can influence:

• supply chains

• national construction costs

• contractor reliability

• long-term partnerships

• payment risks

Vietnam’s business landscape moves quickly — and companies that looked stable two years ago may appear very different today.

That is why thousands of professionals visit VNBIS.com every day:
To see updated financial statements, cross-check risk indicators, and verify the corporate health of both private and foreign-invested companies across Vietnam.

Explore the Full Report on VNBIS.com

This article only scratches the surface. The full VNBIS report provides:

• Complete financial statements

• ownership structures

• operational risks

• real-time updates

• litigation checks

• payment behavior

• industry benchmarking

For companies like 4 ORANGES CO., LTD., where performance shifts rapidly, from good to bad, then trike back, become very good in 2024, and hopefully continue for many years in the future, only the full VNBIS company report can give you the clarity needed before making critical decisions.

Visit https://www.vnbis.com to explore the complete report and unlock insights you cannot find anywhere else.