CONCORD TEXTILE CORPORATION VIETNAM

CONCORD TEXTILE CORPORATION VIETNAM (Vietnamese name: CÔNG TY TNHH MỘT THÀNH VIÊN CONCORD TEXTILE CORPORATION VIETNAM) is a long-established FDI manufacturer in Vietnam’s upstream textile industry, operating at the sensitive intersection between fiber production and the global apparel supply chain. The company was registered on 21 January 2010 under Business Registration Number / Tax ID: 3602226088and is headquartered in Nhon Trach II Industrial Park, Dong Nai Province, one of Vietnam’s key textile–industrial clusters.

Unlike garment assemblers, Concord Textile operates in the manufacture of artificial fibers, a capital-intensive segment that directly supplies yarn and fabric producers. With around 550 employees and total assets of USD 54.8 million, the company plays a structural role in Vietnam’s textile value chain, particularly as global brands increasingly demand traceability, supply-chain transparency, and compliance from fiber to finished product.

However, Concord’s recent financials reflect the broader stress facing Vietnam’s textile industry. In 2023, total sales fell sharply to USD 90.0 million, down more than 22% year-on-year, while the company recorded a net loss of USD 3.1 million. Working capital tightened significantly, and equity declined, signaling margin pressure from weak global demand, rising input costs, and volatile order flows—challenges common across synthetic fiber producers during the post-pandemic correction cycle.

Ownership is entirely foreign, held by Longbest Development Limited (BVI), with operations led by Liu, C.-L., General Director. This offshore holding structure, combined with fluctuating profitability, underscores the importance of assessing counterparty risk for buyers, lenders, and suppliers engaging with upstream textile firms.

In a sector where order concentration, price swings, and compliance risks can rapidly alter credit profiles, reliable company-level intelligence is essential. This is precisely where VNBIS (Vanguard Business Information LLC) adds value—providing verified financial data, ownership transparency, legal status, and risk analysis to help stakeholders manage exposure across Vietnam’s textile and garment supply chains.