DAMSAN JOINT STOCK COMPANY

DAMSAN JOINT STOCK COMPANY has been operating for more than nineteen years at the core of Vietnam textile manufacturing industry, with a primary focus on spinning of textile fibres that supply downstream weaving, garment, and home textile producers, and DAMSAN JOINT STOCK COMPANY has developed into a large scale yarn and textile materials producer serving both domestic manufacturers and export oriented supply chains, and DAMSAN JOINT STOCK COMPANY represents Vietnam deeper integration into Southeast Asia and global textile trade networks. Established in 2006 and headquartered in Nguyen Duc Canh Industrial Park in Thai Binh Province, the company operates from one of northern Vietnam important textile and industrial production zones.

Leadership, Ownership, and Strategic Positioning

DAMSAN JOINT STOCK COMPANY operates as a publicly held joint stock company listed on the Ho Chi Minh Stock Exchange under the symbol ADS. The company charter capital is reported at USD 31.39 million, with paid up capital of USD 23.99 million as of December 31, 2023. Its ownership structure includes a mix of individual shareholders and institutional investors, including EVN Finance Joint Stock Company, reflecting access to domestic financial capital.

The company is chaired by Vu Huy D., with executive management led by General Director Vu Huy D. In capital intensive textile manufacturing, public listing status and diversified ownership support access to financing, transparency, and long term capacity planning.Understanding the Textile and Yarn Manufacturing Industry in Vietnam

Vietnam textile industry is one of the country most important export oriented manufacturing sectors. It sits upstream of garment manufacturing and plays a decisive role in determining cost competitiveness, delivery timelines, and compliance standards for finished apparel and home textile exports.

Yarn spinning companies such as DamSan provide the essential raw input for weaving and knitting operations across Vietnam and Southeast Asia. Demand for yarn is closely linked to global apparel consumption, inventory cycles of international brands, and shifts in sourcing strategies among garment manufacturers. Vietnam position as a textile producer has strengthened as global buyers diversify supply chains within Asia. Yarn producers with scale, stable operations, and working capital strength are increasingly important as manufacturers seek reliable upstream suppliers that reduce dependence on imported materials.

Southeast Asia Textile Trade and Regional Demand Dynamics

Southeast Asia has emerged as a critical textile and apparel manufacturing hub, driven by competitive labor costs, trade agreements, and proximity to raw material sourcing. Countries such as Vietnam, Indonesia, Thailand, and Cambodia form an interconnected regional production network where yarn, fabric, and garments move across borders before reaching global markets.

Within this system, Vietnam plays a dual role as both a yarn producer and a garment exporter. Yarn produced in Vietnam supplies domestic factories as well as regional partners, supporting Southeast Asia position in global apparel supply chains. Regional demand is therefore influenced not only by local consumption but by export orders from North America, Europe, and East Asia.

As global apparel brands push for shorter lead times and supply chain resilience, Southeast Asia yarn producers benefit from closer integration with downstream manufacturers. This trend supports steady regional demand even during periods of global market volatility.

Global Textile Market Context and Demand Trends

Globally, textile and apparel demand remains structurally linked to population growth, urbanization, and consumer spending. While fashion cycles and economic conditions can cause short term fluctuations, long term demand for textiles continues to expand in emerging markets.

At the same time, global textile supply chains face increasing pressure related to sustainability, traceability, and cost control. Yarn producers that can maintain quality consistency and financial stability are better positioned to serve international buyers navigating these requirements.

Vietnam yarn manufacturers operate within this global framework, balancing export driven demand with rising input costs and competitive pressure from other producing countries.

What DAMSAN JOINT STOCK COMPANY Actually Does

The company core business focuses on spinning of textile fibres. In addition, it engages in manufacturing and trading various types of yarn, towel production, and trading imported cotton materials. These activities place the company firmly within the upstream segment of the textile value chain.

The company operates manufacturing facilities in Thai Binh Province, benefiting from industrial infrastructure, labor availability, and proximity to northern Vietnam textile clusters. This location supports both domestic distribution and export oriented logistics.

One Financial Signal That Shows Market Relevance

In 2023, DAMSAN JOINT STOCK COMPANY reported total sales of USD 67.45 million. This revenue scale reflects the company role as a significant yarn and textile materials supplier rather than a small niche producer. In textile manufacturing, revenue size typically indicates production throughput and integration into larger supply chains rather than direct consumer branding.

Reading Performance Through an Industry and Investment Lens

The company reported total assets of USD 102.86 million and owner equity of USD 37.72 million in 2023. Profit reached USD 3.08 million, while working capital increased to USD 19.41 million. These figures indicate balance sheet expansion and improved liquidity despite a slight decline in sales compared to the previous year.

From an investment perspective, this pattern suggests a textile manufacturer prioritizing asset strengthening and financial resilience during a period of global demand adjustment. In cyclical industries such as textiles, the ability to maintain profitability and expand equity through market downturns is often a key indicator of long term sustainability.

Vietnam Textile Industry and Economic Significance

Textile and garment manufacturing remains a cornerstone of Vietnam export economy, contributing employment, foreign exchange earnings, and industrial development. Yarn producers such as DamSan support this ecosystem by reducing reliance on imported raw materials and strengthening domestic value creation.

As Vietnam deepens participation in regional and global trade agreements, domestic yarn capacity becomes increasingly strategic. Companies that can meet quality, volume, and delivery requirements help anchor Vietnam position within Southeast Asia textile networks.

Why This Company Is Worth Closer Attention

DAMSAN JOINT STOCK COMPANY represents a mature and publicly listed textile materials producer operating within a highly competitive regional market. Its asset growth, working capital improvement, and sustained profitability provide insight into how Vietnamese textile companies adapt to shifting global demand while maintaining operational scale.

For investors, lenders, and partners assessing exposure to Vietnam and Southeast Asia textile supply chains, understanding companies like DamSan offers a practical view into upstream manufacturing dynamics and regional trade integration.

VNBIS Insight and How to Access the Full Report

This overview is designed to educate readers about DAMSAN JOINT STOCK COMPANY, the Southeast Asia textile trade, and Vietnam role in the global textile economy, while intentionally leaving out deeper layers such as customer concentration, export market breakdown, raw material sourcing risk, and detailed cash flow structure.

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