CAN SPORTS VIETNAM CO.,LTD

CAN SPORTS VIETNAM CO., LTD (CÔNG TY TNHH CAN SPORTS VIỆT NAM) is a foreign direct investment (FDI) enterprise based in Thuan Hoa Hamlet, Truong Mit Commune, Duong Minh Chau District, Tay Ninh Province, Vietnam, with additional factory facilities located in Trang Bang Town, Tay Ninh Province. The company, registered under Business ID: 3900963009, was established on April 15, 2011, and operates under the Tay Ninh Department of Planning and Investment.

Managed by Mr. Chen, W. C., a Taiwanese national serving as Chairman cum General Director, CAN SPORTS VIETNAM specializes in the manufacture of footwear and accessories for global brands, notably Nike. With more than 8,700 employees, the company is one of the largest employers in Tay Ninh Province and contributes significantly to Vietnam’s export-oriented footwear industry.

The company holds a charter capital of USD 51.6 million, fully paid up by ELEPHANT STEP CO., LTD, a Seychelles-registered parent company, giving CAN SPORTS VIETNAM full foreign ownership status. Its business operations cover not only footwear manufacturing but also the production of sportswear, textile components, and related materials used in high-performance shoes.

Financially, CAN SPORTS VIETNAM reported total sales of USD 102.88 million in 2023, a decrease of 12.64% year-on-year, reflecting the global demand contraction in consumer footwear. However, total assets increased to USD 83.47 million and equity reached USD 63.18 million, showing sustained capital strength. Despite the drop in profit to USD 6.57 million, the company maintained a healthy working capital of USD 37.72 million, indicating solid liquidity and financial stability.

Over the years, the company’s profitability has fluctuated in line with global retail cycles and Nike’s order volumes. After achieving a record profit of USD 14.65 million in 2022, the decline in 2023 aligns with broader slowdowns in global apparel exports. Still, CAN SPORTS VIETNAM remains financially robust, with an equity-to-asset ratio exceeding 75%, underscoring low leverage and a conservative capital structure.

With over 14 years of continuous operation, CAN SPORTS VIETNAM has proven itself as a reliable and stable manufacturing partner within the global supply chain. Its consistent investments in technology, production efficiency, and worker welfare continue to position it as one of Vietnam’s most reputable FDI manufacturers in the footwear sector.

For businesses or investors seeking updated or detailed due diligence data—including financial ratios, ownership updates, or 2025 operational performance—an updated report on CAN SPORTS VIETNAM CO., LTD is available for download and purchase through VANGUARD BUSINESS INFORMATION LLC (VNBIS) at https://www.vnbis.com.