CHI HUNG COMPANY LIMITED

CHI HUNG COMPANY LIMITED (Công ty TNHH Chí Hùng) stands out as one of the most prominent foreign-invested enterprises in Vietnam’s footwear manufacturing sector. With Business ID 3700358808 and its head office in My Hiep Quarter, Thai Hoa Ward, Tan Uyen City, Binh Duong Province, this company has built a solid foundation over 17 years.

The company, which is led by Chen W. Chia as General Director, employs an impressive 7,000 workers, reflecting its massive production scale. Its main activity is manufacturing and processing sports shoes and semi-finished footwear, supplying international brands and contributing significantly to Vietnam’s export turnover.

Financially, CHI HUNG COMPANY LIMITED shows powerful growth momentum. By the end of 2024, its total assets reached USD 73.61 million, rising 15.75% from the previous year. Total sales hit USD 161.81 million, representing a substantial 45.59% increase after a slowdown in 2023. What makes the company impressive is the profit surge to USD 8.08 million, a remarkable turnaround from a loss in the previous year.

Although owner’s equity slightly decreased to USD 33.1 million, the company maintains a healthy financial base and significant working capital of USD 23.9 million. These figures underline the resilience and competitiveness of CHI HUNG COMPANY LIMITED in a challenging global manufacturing environment.

Behind this performance is not only efficient management but also strong foreign backing. All Wells International Co., Ltd., wholly owns the company from the British Virgin Islands, which ensures stable investment and global connections. This ownership structure supports technology transfer, production scale, and export capability.

CHI HUNG COMPANY LIMITED is not just another factory; it’s a strategic production hub, reflecting the power of Vietnam’s footwear sector in global supply chains. Its continuous growth in sales, strong workforce, and foreign investment make it a company worth watching closely for market opportunities, trade relations, and business intelligence.

Financial transparency and updated risk insights are crucial for companies, lenders, or investors looking to engage with CHI HUNG COMPANY LIMITED. To minimize business and credit risks, visit VNBIS (Vanguard Business Information LLC) for the most reliable, in-depth company reports and financial data to support informed decisions.