FAR EASTERN NEW APPAREL (VIET NAM) LIMITED

FAR EASTERN NEW APPAREL (VIET NAM) LIMITED (CÔNG TY TNHH NEW APPAREL FAR EASTERN (VIỆT NAM)) is a foreign-invested manufacturing enterprise operating in Vietnam’s garment and apparel industry. Established on 30 June 2015, FAR EASTERN NEW APPAREL (VIET NAM) LIMITED has built more than a decade of operational presence, positioning itself as a large-scale producer of export-oriented sportswear and apparel products.

Legal Status and Corporate Profile

FAR EASTERN NEW APPAREL (VIET NAM) LIMITED is registered under Business ID and Tax Identification Number 3801104574 with the Dong Nai Province Department of Finance. The company’s head office and manufacturing facility are located at Road D1, Bac Dong Phu Industrial Park, Tan Phu Commune, Dong Nai Province, Vietnam. It operates as an active one-member limited liability company with full foreign direct investment (FDI) ownership.

The company has a registered charter capital of approximately USD 29.58 million, while paid-up capital exceeded this level at about USD 30.76 million, reflecting additional capital contributions beyond the original registration. According to public disclosures, the company employs approximately 3,500 workers, highlighting its role as a labor-intensive industrial employer within Dong Nai Province.

Core Operations and Business Scope

The principal activity of FAR EASTERN NEW APPAREL (VIET NAM) LIMITED is the manufacture and processing of wearing apparel, excluding fur apparel, with a strong focus on sports clothing products. The company is also registered to manufacture knitted and crocheted apparel and to provide printing services, supporting vertically integrated garment production.

Its production model is export-oriented, supplying international buyers through large-volume manufacturing contracts. The company’s specialization in sportswear positions it within a segment that benefits from stable global demand and long-term brand partnerships.

Management and Ownership Structure

The company is managed by its General Director, Mr. LIN Y. S., a Taiwanese national, reflecting the company’s international management structure. Ownership is held 100% by Far Eastern Investment (Holding) Limited, incorporated in Bermuda. This offshore holding structure is consistent with multinational apparel groups operating manufacturing subsidiaries in Vietnam.

Strategic decisions, capital planning, and risk management are typically aligned with group-level policies, while local management focuses on production efficiency, labor management, and compliance.

Financial Performance and Trends

Financially, FAR EASTERN NEW APPAREL (VIET NAM) LIMITED demonstrates strong growth momentum. Total assets increased significantly, reflecting capacity expansion and higher working asset deployment. Sales revenue rose sharply, indicating strong order inflows and improved production utilization.

Profitability improved markedly, with net profit increasing to a solid level following a loss-making period two years earlier. Owner’s equity grew substantially, supported by retained earnings and capital reinforcement. Despite these positive indicators, working capital remained negative, a common feature among large apparel manufacturers that rely on supplier credit and advance payments from buyers to finance operations.

Overall, the company presents the profile of a rapidly expanding export manufacturer with strengthening profitability and capital base.

Business Outlook and Risk Considerations

Operating in the global apparel sector exposes FAR EASTERN NEW APPAREL (VIET NAM) LIMITED to risks related to international demand cycles, labor availability, wage inflation, and buyer concentration. However, its strong financial rebound, large workforce, and backing from a foreign investment group provide essential sources of resilience.

For banks, insurers, suppliers, and international buyers, the assessment should focus on order sustainability, labor stability, and working capital structure. A comprehensive and up-to-date company report remains essential for evaluating financial strength, ownership transparency, and long-term operational viability.