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AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED

Active

Business ID 0601038738

84-228 / 3881 959 / 3881 688 / 388 1199

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED

Active

Business ID 0601038738

84-228 / 3881 959 / 3881 688 / 388 1199

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED

Active

Summary

Name:

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED

Business ID (TIN):

0601038738

Date of Registration:

24 Jul 2014

Registered Office:

Ninh Binh Province Department of Finance

Address:

Song Khe Area, Ninh Binh Province, Vietnam

Phone:

84-228 / 3881 959 / 3881 688 / 388 1199

Financial Statement:

2020, 2021, 2022, 2023, 2024

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED, known locally as CÔNG TY TNHH GIẦY AMARA VIỆT NAM, has been active in Vietnam’s footwear export sector since its establishment in July 2014. With more than a decade of operations in the Song Khe area, Co Le Town, Truc Ninh District, Nam Dinh Province, the company has gradually built a reputation as a medium-sized, foreign-invested manufacturer with improving financial results and a specialized focus on export-oriented footwear production.

The company is wholly owned by MEGA STEP HOLDINGS LIMITED, headquartered in Hong Kong. It operates as a one-member limited liability company and employs 8,500 workers, which puts it in the mid-tier range among Vietnam’s export manufacturers in terms of employment scale. The leadership of Chairman cum General Director Mr. Chang Tsung-Yuan, a Taiwanese national, is complemented by a localized financial team led by Vietnamese Chief Accountant Ms. Chu Thi Duyen, signaling a mix of foreign management and domestic operational oversight.

Financially, 2023 marked a remarkable comeback for AMARA Vietnam. After reporting a loss of USD 2.67 million in 2022, the company rebounded strongly with a net profit of USD 4.95 million in 2023—an impressive 285.66% year-on-year improvement. This recovery is significant in the context of the global footwear industry, which has faced rising costs, supply chain disruptions, and tighter environmental and labor compliance expectations. The profit turnaround suggests improved cost control, stronger order fulfillment, or higher-margin product lines.

Revenue performance was also positive, albeit modest. Total sales reached USD 95.8 million in 2023, up 2.97% year-on-year. While this growth is not dramatic, it breaks the stagnation seen in 2022 and reflects resilience in retaining client contracts or regaining export volumes. Meanwhile, total assets grew to USD 76.31 million, a 13.53% increase, and equity rose to USD 54.12 million, up 10.07%, indicating healthy internal capital growth and investor confidence.

What stands out in AMARA’s case is the rapid improvement in working capital, reported at USD 10.81 million, and the buildup of net worth to over USD 52 million. These figures underscore not only a sound financial structure but also a capacity to handle new orders and invest in operational upgrades if needed.

However, challenges remain. The company’s sales growth has slowed compared to its 2021 performance, which saw sales spike by over 56%. This could indicate a plateau in customer demand or limits in production scalability. Additionally, the sharp losses in 2022—following a profitable 2021—raise questions about volatility in revenue streams or sensitivity to global economic cycles.

Overall, AMARA Vietnam Footwear is a notable example of a company that has emerged stronger from operational setbacks. Its 2023 performance shows clear financial recovery, stable export capability, and a leadership team capable of navigating the complexities of the international footwear market. Positioned in one of Vietnam’s key industrial regions and backed by foreign capital, AMARA continues to hold promise as a competitive and adaptive manufacturer in the country’s growing export sector.

Legal Profile

English Name:

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH GIẦY AMARA VIỆT NAM

Short Name:

AMARA FOOTWEAR VIETNAM CO.,LTD

Business ID (TIN):

0601038738

Date of Registration:

24 Jul 2014

Registered Office:

Ninh Binh Province Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ CHANG T.Y

+ CHU T.D

Address:

Song Khe Area, Ninh Binh Province, Vietnam

Phone:

84-228 / 3881 959 / 3881 688 / 388 1199

Branch:

No. 208, Lam Son Street, Thanh Hoa Province, Vietnam

Factory Address:

., Ninh Binh Province, Vietnam

Business Sector

Key business lines:

VSIC:

1520 Manufacture of footwear

NACE:

15.20 Manufacture of footwear

NAICS:

31620 Footwear Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

-1.82%

YoY (2023)

-10.80%

Companies by industry

Company distribution and propportions

3,430

0.1180%

Key Industry Players

Top 10 companies in manufacture of footwear industry

pou sung vietnam co., ltd. pouyuen vietnam company limited vinh long footwear co.,ltd hwaseung vina co., ltd thaibinh group chang shin vietnam company ltd. pou chen vietnam enterprise ltd tkg taekwang vina joint stock company vietnam dona orient co., ltd vietnam dona standard footwear co., ltd

Payment History

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Financial Performance

Assets	-25.44%
Owner’s Equity	-21.92%
Working Capital	-33.59%
Net Worth	-87.78%
Sales	80.00%
Operating income	65.86%
EBIT	-48.69%
Gross Profit Margin	-93.83%
Debt to EBITDA	51.81%

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Specific Questions About AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED

When did AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED start operating?

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED was started in 24 Jul 2014

What industry does AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED operate in?

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED is operating in "Manufacture of footwear" industry

How can I contact AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED?

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED phone numbers is 84-228 / 3881 959 / 3881 688 / 388 1199

What adverse news is there about AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED?

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED’s has no negative news

What is stock symbol of AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED?

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED is not listed company

Where is the location of AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED?

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED is located at Song Khe Area, Ninh Binh Province, Vietnam

What is AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED’s business registration?

AMARA (VIETNAM) FOOTWEAR COMPANY LIMITED business registration is 0601038738

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