DECHANG VIETNAM COMPANY LIMITED

DECHANG VIETNAM COMPANY LIMITED (CÔNG TY TNHH DECHANG VIỆT NAM) is a rapidly expanding foreign-invested manufacturer located in Giang Điền Industrial Park, Trảng Bom District, Đồng Nai Province, operating under Business ID 3603663612. Established on 23 August 2019, the company has grown into a large-scale production hub with 2,000 employees, specializing in vacuum cleaners for export, as well as a wide range of domestic appliances, electrical components, and general-purpose machinery. NBDC SINGAPORE PTE wholly owns the enterprise. LTD, reflecting strong foreign backing and international manufacturing standards. 

Substantial Expansion in Scale and Capacity

DECHANG VIETNAM has demonstrated exceptional growth in both physical scale and financial capacity. By the end of 2024, total assets increased to USD 89.73 million, a significant 32.5 percent rise from the previous year. Rapid expansion of production lines, machinery investment, and facility upgrades has pushed the company into the upper tier of manufacturing operations within Đồng Nai’s industrial sector.

Owner’s equity rose to USD 34.54 million, marking another year of substantial capital accumulation. This growth is consistent with the company’s aggressive reinvestment strategy and long-term commitment to Vietnam’s manufacturing ecosystem. With continued support from its Singapore parent, DECHANG is positioned for further expansion in export markets where demand for home appliances and electrical devices remains robust.

Revenue Growth with Declining Profitability in 2024

Sales performance is one of DECHANG’s most notable strengths. Revenue climbed to USD 137.37 million in 2024, an impressive 38.66 percent increase from 2023. This reflects rising production capacity, stable export orders, and the company’s ability to capture market share in global OEM supply chains.

However, profitability tells a more cautious story. While profit reached USD 8.97 million, this represents a 23.9 percent decline from the previous year. The drop points to cost pressures, higher input expenses, and potentially increased depreciation from new equipment investments. Despite the reduction, profit levels remain solid and well-aligned with the company’s rapid scaling phase.

Working capital strengthened significantly to USD 16.86 million, improving liquidity and the ability to support large production cycles for international customers.

Business Model, Risk Considerations, and Why Updated Reports Matter

DECHANG VIETNAM operates within a complex cross-border structure. It is a 100 percent Singapore-owned entity that produces goods primarily for export markets. While this provides technological advantages and capital stability, it also means stakeholders should monitor potential transfer pricing risks, margin fluctuations, and rapidly changing production schedules typical of global OEM suppliers.

With a broad range of registered business lines—from electrical components to agricultural machinery—the company sits in a highly competitive, capital-intensive segment where global demand shifts quickly. The sharp decline in net profit in 2024 is a reminder that up-to-date financial tracking is essential for suppliers, lenders, logistics partners, and potential B2B clients.

VNBIS provides updated Company Profile Reports, Comprehensive Financial Reports, Litigation Screening, and Credit-Risk Assessments, enabling partners to evaluate DECHANG’s most recent liquidity indicators, payment behavior, risk trend, and operational stability. For those planning to supply materials, offer services, or conduct larger transactions with DECHANG VIETNAM, an updated report ensures informed and secure decision-making in a rapidly evolving manufacturing environment.