CHANG SHIN VIETNAM COMPANY LTD.

CHANG SHIN VIETNAM COMPANY LTD.: A Key Player in Vietnam’s Footwear Industry

CHANG SHIN VIETNAM COMPANY LTD. has been a major contributor to Vietnam’s footwear manufacturing sector for over three decades. Established in 1994, the company operates as a wholly owned subsidiary of CHANG SHIN INC., a South Korean corporation. Headquartered in Dong Nai Province, CHANG SHIN VIETNAM COMPANY LTD. specializes in producing sporting footwear for Nike, making it a crucial part of Vietnam’s global supply chain in athletic shoe manufacturing.

According to Vanguard Business Information LLC (VBI), a trusted provider of business intelligence in Vietnam, CHANG SHIN VIETNAM COMPANY LTD. reported total sales of USD 781.46 million in 2023, reflecting an 11.55 percent decline from the previous year. Despite this drop, equity surged by 27.51 percent, reaching USD 96.85 million, signaling financial resilience amid fluctuating market conditions. However, profits fell by 47.66 percent, ending at USD 18.62 million, highlighting cost pressures and reduced global demand.

Operating under Business ID 3600265469, with Tax Identification Number (TIN) 3600265469, CHANG SHIN VIETNAM COMPANY LTD. employs 42,000 workers, making it one of Vietnam’s largest foreign direct investment (FDI) employers. The company operates multiple factories in Thanh Phu, Loc An - Binh Son, and Tan Phu Industrial Parks, supporting Vietnam’s position as a global manufacturing hub for footwear exports.

Despite its strong market presence, CHANG SHIN VIETNAM COMPANY LTD. faces challenges from rising production costs, supply chain disruptions, and shifting global trade policies. VBI’s business analysis suggests that optimizing production efficiency, diversifying product offerings, and leveraging sustainable manufacturing practices will be critical for long-term growth. As one of Vietnam’s leading exporters in the footwear sector, CHANG SHIN VIETNAM COMPANY LTD. remains a vital player in the country’s industrial economy, but its ability to adapt to global market shifts will determine its future success.