DAIWA VIETNAM LIMITED

Daiwa Vietnam Limited, operating under business ID 0400511094, is one of Vietnam’s most prominent foreign-invested manufacturers in the sporting equipment sector. Established in 2005 and registered as a one-member limited liability company, the enterprise is wholly owned by Globeride, Inc. of Japan, the global parent behind the Daiwa fishing brand. Its headquarters and extensive factory system are located in Hoa Khanh Industrial Park in Da Nang City, where the company employs approximately 3,500 workers, making it one of the largest employers in the local manufacturing zone.

The company specializes in the production of fishing rods and fishing reels, with its official business line listed as the manufacture of sporting equipment. This specialization positions Daiwa Vietnam as a key exporter within Vietnam’s growing sporting goods and leisure equipment manufacturing cluster. The firm’s legal status remains Active, and the production scale reported highlights continued investment from its parent company. The leadership is headed by General Director Amano T., supported by Chief Accountant Lam T. Q. T., who oversees the financial administration of a highly labor-intensive production environment.

Financially, the company experienced a notable shift in 2023. Total assets decreased to USD 75.31 million, a sixteen-percent decline, following substantial expansion in the previous two years. Sales dropped substantially to USD 91.37 million, representing a 30% contraction from 2022. These results reflect softer market demand or adjustments in production volume within the global leisure-fishing industry. Profit fell to USD 3.45 million, a 57% decrease, signaling increased cost pressures and potentially lower export margins. Despite the decline, the company maintained a strong equity position of USD 45.98 million, up more than 11% year-on-year, demonstrating continued capital strength from Globeride’s long-term commitment to Vietnam.

Working capital remained positive at USD 14.71 million, providing stable liquidity for procurement, inventory, and workforce operations. The report’s growth-rate chart further highlights the volatility in 2023, with sales and profit dropping after two consecutive years of expansion. Even so, Daiwa Vietnam’s equity growth and scale of operations confirm its resilience as an established manufacturer with deep roots in Vietnam's industrial base.

With nearly two decades of operation, an experienced management team, and full backing from a Japanese multinational, Daiwa Vietnam remains a strategic production hub for Daiwa-branded sporting equipment. Its strong workforce foundation and long-term investment profile ensure that the company remains one of the key FDI players in Da Nang’s industrial economy.

For complete financial tables, risk indicators, and shareholder verification, the full report is available at VNBIS.COM.