ALLIANCE ONE APPAREL COMPANY LIMITED

With over 7,200 employees and nearly two decades of operation, ALLIANCE ONE APPAREL COMPANY LIMITED (CÔNG TY TRÁCH NHIỆM HỮU HẠN MAY MẶC ALLIANCE ONE) has emerged as one of Vietnam’s prominent foreign-invested manufacturers in the garment industry. Established on 1 November 2006 under Business ID 1300415046, the company is strategically located in Giao Long Industrial Park, An Phuoc Commune, Chau Thanh District, Ben Tre Province, where it focuses on processing sportswear and manufacturing a wide range of textile and apparel products.

This is a limited liability company with FDI ownership, where TRAX Intertrade Co., Ltd (Thailand) holds a dominant 90.63% stake, followed by Wellcorp Holdings Trading HK Limited (China) with 9.37%. The company is steered by a Thai executive team, including Mr. Chaiyapong V. as Chairman and Mr. Pollawut P. as General Director, reflecting its international corporate governance and management approach.

In 2023, ALLIANCE ONE APPAREL COMPANY LIMITED recorded USD 132.44 million in sales, slightly down by 2.46% from the previous year but still robust. Notably, its profit rose by 24.39% to USD 5.94 million, supported by adequate cost controls and operational stability. The company's total assets grew by 21.75% to USD 85.51 million, while equity expanded to USD 39.39 million, up 17.76% year-over-year, indicating strong internal capital growth and sound financial fundamentals. Furthermore, the company maintained working capital of USD 16.17 million, ensuring good liquidity and operational resilience.

Despite a minor revenue dip, the consistent profit and equity growth reveals a mature and stable business model. However, operating in a highly competitive industry demands constant innovation, quality control, and cost management. Moreover, as global textile markets face increasing regulatory pressure and environmental expectations, even well-established players like ALLIANCE ONE APPAREL COMPANY LIMITED must continually adapt to maintain their advantage.

For stakeholders considering business with this manufacturer, whether as a buyer, supplier, or investor, thorough due diligence remains critical. Vanguard Business Information LLC (VBI) offers essential business verification and risk management services that provide in-depth insights into companies like ALLIANCE ONE APPAREL. By examining legal structure, financial performance, ownership transparency, and management credibility, VBI empowers clients to make data-driven and secure decisions in Vietnam’s competitive garment sector.