COCREATION GRASS CORPORATION (VIET NAM) CO., LTD

COCREATION GRASS CORPORATION (VIET NAM) CO., LTD (CÔNG TY TNHH COCREATION GRASS CORPORATION VIỆT NAM) is a 100% foreign direct investment enterprise operating actively in Vietnam’s plastics manufacturing sector. Legally registered under Tax Code 3901260792, the company is headquartered at Lot 10-1, Road N8, Phuoc Dong Industrial Park, Don Thuan Commune, Trang Bang Town, Tay Ninh Province, Vietnam. It was incorporated on April 3, 2018, under the management of the Tay Ninh Province Department of Planning and Investment, and has since established itself as one of the top-tier producers and exporters of artificial grass in the region.

With a paid-up capital amounting to over VND 465.7 billion (approximately USD 20 million), the company operates with a robust team of 2,400 employees and is chaired by Chen J. G., who holds the dual roles of Chairman and General Director. COCREATION GRASS CORPORATION (VIET NAM) CO., LTD is a subsidiary of COCREATION GRASS CO., LTD, based in Jiangsu Province, China, which owns 100% of the capital. The company’s manufacturing facilities and HR operations are fully based in Tay Ninh, indicating its strong commitment to local investment and job creation.

Financially, the company maintains a solid asset base, reporting total assets of USD 151.09 million as of the end of 2023, reflecting a slight year-over-year increase of 1.08%. Its equity stood at USD 98.96 million, showing long-term stability with a modest increase of 0.74% from 2022. However, the company faced a mild contraction in business performance in 2023 as total sales dropped by 6.48% to USD 167.84 million, down from USD 179.46 million in the previous year. More notably, profit declined by 20.22% year-over-year, closing at USD 30.8 million, which may point to market saturation, rising production costs, or pricing pressures in the global artificial turf market.

Despite this downturn, COCREATION GRASS CORPORATION (VIET NAM) CO., LTD retains a strong working capital of USD 22.19 million, supporting its ability to meet short-term obligations and finance continued operations. The company’s principal line of business revolves around the manufacture and export of high-quality synthetic turf, which is used globally in sports, landscaping, and urban greening projects. It also engages in the manufacture of plastics and specialized wholesale of related products.

From a business intelligence and investment perspective, this company remains a reliable entity with consistent asset growth and operational scale. However, the declining profit trend in 2023 warrants attention from stakeholders. As part of a global enterprise with deep manufacturing capabilities and export orientation, COCREATION GRASS CORPORATION (VIET NAM) CO., LTD remains a key player in Vietnam's growing industrial base.

For deeper financial diagnostics, shareholder verification, or litigation background checks, professionals are encouraged to utilize services from Vanguard Business Information LLC, Vietnam’s premier provider of business verification, credit reporting, and risk management intelligence.