FAR EASTERN POLYTEX (VIET NAM) LIMITED

FAR EASTERN POLYTEX (VIET NAM) LIMITED (CÔNG TY TNHH POLYTEX FAR EASTERN VIỆT NAM)is a leading manufacturer in Vietnam’s textile and plastics industry, specializing in spinning textile fibers, producing PET plastic beads, and fabric processing. Established on June 23, 2015, the company operates as a one-member limited liability company and is fully owned by Far Eastern Investment (Holding) Limited, Bermuda. Registered under Business ID 3702376432, FAR EASTERN POLYTEX (VIET NAM) LIMITED is headquartered at Lot B_5B_CN, Road DC, Bau Bang Industrial Park, Lai Uyen Town, Bau Bang District, Binh Duong Province, Vietnam. With a workforce of 2,500 employees, the company has built a strong manufacturing presence in the region.

In 2023, FAR EASTERN POLYTEX (VIET NAM) LIMITED reported total assets of USD 947.53 million, slightly decreasing by 0.76% year-over-year. Despite this, equity increased by 3.17%, reaching USD 466.79 million, while total sales stood at USD 593.54 million, marking a 9.6% decline from the previous year. The company faced a significant drop in profitability, reporting only USD 1.18 million, a 94.31% decrease compared to 2022.

The company is led by Yeh, who serves as the General Director. With extensive industry experience, Yeh has overseen FAR EASTERN POLYTEX (VIET NAM) LIMITED’s growth into a key player in Vietnam’s textile and plastic materials sector.

Beyond textile fiber spinning, FAR EASTERN POLYTEX (VIET NAM) LIMITED engages in manufacturing plastics and synthetic rubber, textile finishing, and materials recovery. The company operates a factory in Bau Bang Industrial Park (Expansion) in Binh Duong Province and a representative office in Ho Chi Minh City.

VANGUARD BUSINESS INFORMATION LLC (VBI), a top provider of business intelligence, financial analysis, and risk assessment, recognizes FAR EASTERN POLYTEX (VIET NAM) LIMITED as a major industry player with significant assets and market influence. Despite profit challenges, the company's strong equity and production capacity position it for long-term sustainability in Vietnam’s growing textile and plastics industry.