FASHION GARMENTS 2 CO., LTD

FASHION GARMENTS 2 CO., LTD (CÔNG TY TRÁCH NHIỆM HỮU HẠN FASHION GARMENTS 2), tax code 3600488793, is a foreign-invested enterprise with a long-standing presence in Vietnam's garment manufacturing industry. Established on April 24, 1998, and headquartered at Lot 4, Road 13A, Bien Hoa 2 Industrial Park, An Binh Ward, Bien Hoa City, Dong Nai Province, the company has grown into a major production force with 10,000 employees and multiple factories across Dong Nai.

Operating under 100% ownership by COMTEXTILE (H.K) LIMITED from Hong Kong, FASHION GARMENTS 2 CO., LTD is primarily engaged in the manufacture of wearing apparel, alongside other textile-related and diversified industrial activities. The company also maintains factory operations in Bien Hoa I Industrial Park, Tan Phu Industrial Park, and Cam My District.

Despite over 27 years of operation and a robust manufacturing footprint, 2023 presented mixed financial signals. Revenue dropped sharply by 18.65% to USD 190.4 million, following a record year in 2022. This sales decline, combined with rising costs or reduced efficiency, led to a significant contraction in profitability—net profit plummeted by 83.16% to USD 1.19 million, from over USD 7 million the year prior.

Nevertheless, the company’s total assets surged to USD 91.15 million, a 20.77% increase, and owner’s equity grew to USD 24.96 million, indicating capital reinvestment and retained earnings. Working capital stood at USD 6.51 million, reflecting stable short-term liquidity. The company operates with a charter capital of USD 2.71 million, almost fully paid in.

Led by General Director Mr. ATAPATTU HERATH MUDIYANSELAGE GAYA MADHAWA ATAPATTU, a Sri Lankan national, and supported by Deputy General Director Ms. LUU THI LOAN and Chief Accountant Ms. PHAN THU THUY, the management team blends international expertise with local operational oversight.

While the company remains a key player in Vietnam’s textile sector, the sharp drop in both revenue and profit warrants attention from financial institutions and trade partners. The resilience of its asset base and equity growth are positives, but the margin squeeze in 2023 suggests a need for better cost control or renewed focus on high-value production. As global apparel demand continues to fluctuate, monitoring FASHION GARMENTS 2 CO., LTD’s financial trends will be essential to assessing its long-term credit and business sustainability.