DONA PACIFIC (VIETNAM) CO., LTD

DONA PACIFIC (VIETNAM) CO., LTD (CÔNG TY TRÁCH NHIỆM HỮU HẠN DONA PACIFIC VIỆT NAM) is a foreign-invested limited liability company operating in the footwear manufacturing sector in Vietnam. Established on June 16, 2000, the company is registered with the Department of Planning and Investment of Dong Nai Province under the business ID and tax code 3600492775. Its headquarters is located in Song May Industrial Park, Bac Son Commune, Trang Bom District, Dong Nai Province, Vietnam. After more than 24 years of active operation, the company has built a substantial presence in Vietnam’s export-oriented manufacturing industry, particularly in the global footwear supply chain.

As of the end of 2023, the company’s charter capital was reported at USD 20 million, while its paid-up capital amounted to over VND 304.7 billion (converted using the exchange rate of 1 USD = 24,341 VND). The business operates under 100% ownership by DONA PACIFIC HOLDINGS LTD, a company incorporated in the British Virgin Islands, making DONA PACIFIC (VIETNAM) CO., LTD a wholly foreign-owned enterprise. With a workforce of 7,689 employees, the scale of operations reflects a labor-intensive model typical of large footwear exporters.

The executive leadership of the company consists of Mr. Peter Dale Nickerson, an American national serving as Chairman, and Mr. Pham Duy Khanh, a Vietnamese national holding the role of General Director. This leadership structure bridges international strategic oversight with local operational management, aligning with the company’s hybrid investment model and global customer base.

In financial terms, the company’s performance in 2023 reveals a complex picture. Total assets rose to USD 73.28 million, up by 10.41% from the previous year, while owner’s equity grew to USD 49.12 million, marking a 14.27% year-over-year increase. However, the company experienced a decline in both revenue and profit. Sales fell from USD 273.17 million in 2022 to USD 228.53 million in 2023, a decrease of 16.34%. The most notable downturn was in net profit, which dropped sharply by 73.23%, from USD 17.93 million in 2022 to just under USD 4.8 million in 2023.

Despite the drop in earnings, the company maintained positive working capital of USD 19.28 million, indicating sufficient short-term liquidity. The decline in revenue and profit could be attributed to fluctuations in global demand, increased material or labor costs, or shifting market conditions affecting export markets. Nonetheless, the increases in assets and equity suggest that the company has continued to invest in its infrastructure or capabilities, possibly anticipating future growth cycles.

The company’s primary business line remains the manufacture and trade of footwear. In addition to footwear production, DONA PACIFIC (VIETNAM) CO., LTD holds registrations for a variety of supporting or adjacent business activities, including the manufacture of other chemical products and soft drinks, as well as other professional, scientific, and technical services. However, its core focus continues to be firmly placed on footwear, a sector where Vietnam remains one of the leading global exporters.

With over two decades of experience, robust foreign investment backing, and a well-established industrial base in Dong Nai Province, DONA PACIFIC (VIETNAM) CO., LTD represents a key contributor to Vietnam’s export manufacturing sector. While its 2023 financials reflect market challenges, its asset and capital base provide a solid foundation for ongoing operations and strategic adjustments moving forward.