PROLooking for more than just a company report? Upgrade to Pro now

FREETREND INDUSTRIAL (VIETNAM) CO., LTD

Active

Business ID 0301218306

84-28 / 3724 0555

FREETREND INDUSTRIAL (VIETNAM) CO., LTD

Active

Business ID 0301218306

84-28 / 3724 0555

FREETREND INDUSTRIAL (VIETNAM) CO., LTD

Active

Summary

Name:

FREETREND INDUSTRIAL (VIETNAM) CO., LTD

Business ID (TIN):

0301218306

Date of Registration:

01 Jul 2008

Registered Office:

Ho Chi Minh City Department of Finance

Address:

Lot 22, 24, 26, 28, 30, 31, 32, 33, 34, 35, 37a, 37b, 39a, 39b, 41, 59, 61, 62, 63, 65, 67, 69, 79, 81, 83, 85, Sai Gon - Linh Trung Export Processing Zone, Linh Xuan Ward, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3724 0555

Financial Statement:

2020, 2021, 2022, 2023, 2024

FREETREND INDUSTRIAL (VIETNAM) CO., LTD (CÔNG TY TNHH FREETREND INDUSTRIAL VIỆT NAM): From Massive Losses to Multimillion-Dollar Profits—A Turnaround Worth Watching

In the heart of Ho Chi Minh City’s Linh Trung Export Processing Zone stands FREETREND INDUSTRIAL (VIETNAM) CO., LTD, a footwear manufacturing giant with 8,000 employees and an international pedigree. Registered under tax code 0301218306, the company occupies a sprawling footprint of over 30 lots, signaling the scale of its export-driven operations. But behind this impressive physical presence lies a financial history as volatile as it is intriguing.

A wholly foreign-invested enterprise, FREETREND INDUSTRIAL (VIETNAM) CO., LTD is owned entirely by TECHPOWER INTERNATIONAL LIMITED, headquartered in the Marshall Islands. The company has been active in Vietnam since July 1, 2008, and is led by Chairman Mr. Huang C. Y., a Taiwanese national.

The year 2023 marked a stunning turnaround. From a USD 2.2 million loss in 2022—and a jaw-dropping USD 19.7 million loss in 2021—the company clawed its way back to profitability, posting a net profit of USD 4.35 million, a 296.33% year-over-year leap. This marked the company’s first profitable year in three reporting cycles, reflecting a remarkable pivot in operational efficiency or market positioning.

However, not all trends are positive. Total assets plunged 22.56%, down to USD 46.47 million from over USD 60 million the year before. While this could reflect a strategic divestment or reallocation, it also signals potential downsizing or tightening liquidity. More concerning is the negative working capital of USD -3.91 million, suggesting short-term liabilities continue to outstrip current assets—a warning sign for those concerned with cash flow and operational flexibility.

Despite these stresses, owner’s equity jumped 31.95%, reaching USD 17.97 million—a sign that retained earnings are finally replenishing after years of red ink. Meanwhile, revenue dipped slightly by 6.66%, from USD 158.8 million in 2022 to USD 148.3 million in 2023, which may reflect either reduced orders or intentional shifts toward higher-margin products like handbags and accessories.

For those conducting business verification, especially within Vietnam’s high-labor export manufacturing sector, FREETREND INDUSTRIAL (VIETNAM) CO., LTD is a fascinating case: a company that survived financial distress, reversed major losses, and is now cautiously climbing back. However, risks remain. High debt pressure, negative working capital, and softening sales are still part of the equation.

Ultimately, FREETREND INDUSTRIAL (VIETNAM) CO., LTD is no ordinary manufacturer. It’s a high-volume, high-risk enterprise with a history of volatility and a future that hinges on staying in the black. For credit professionals, investors, or trade partners seeking reliable Vietnam private financial data, this is one to watch closely—both for its recovery story and its financial fragility.

Legal Profile

English Name:

FREETREND INDUSTRIAL (VIETNAM) CO., LTD

Vietnamese Name:

CÔNG TY TRÁCH NHIỆM HỮU HẠN FREETREND INDUSTRIAL (VIỆT NAM)

Business ID (TIN):

0301218306

Date of Registration:

01 Jul 2008

Registered Office:

Ho Chi Minh City Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ HUANG C.Y

+ CHIU F.Y

+ PHAN N.T

Address:

Lot 22, 24, 26, 28, 30, 31, 32, 33, 34, 35, 37a, 37b, 39a, 39b, 41, 59, 61, 62, 63, 65, 67, 69, 79, 81, 83, 85, Sai Gon - Linh Trung Export Processing Zone, Linh Xuan Ward, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3724 0555

Business Sector

Key business lines:

VSIC:

1520 Manufacture of footwear

NACE:

15.20 Manufacture of footwear

NAICS:

31620 Footwear Manufacturing

Industry Sales Growth

CAGR (2019 - 2023)

-1.82%

YoY (2023)

-10.80%

Companies by industry

Company distribution and propportions

3,430

0.1180%

Key Industry Players

Top 10 companies in manufacture of footwear industry

pou sung vietnam co., ltd. pouyuen vietnam company limited vinh long footwear co.,ltd hwaseung vina co., ltd thaibinh group chang shin vietnam company ltd. pou chen vietnam enterprise ltd tkg taekwang vina joint stock company vietnam dona orient co., ltd vietnam dona standard footwear co., ltd

Payment History

Purchase the report to access company details.

Financial Performance

Assets	35.85%
Owner’s Equity	-18.21%
Working Capital	76.31%
Net Worth	-54.11%
Sales	-17.62%
Operating income	70.03%
EBIT	-79.25%
Gross Profit Margin	-86.47%
Debt to EBITDA	-22.72%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations (on request only)

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About FREETREND INDUSTRIAL (VIETNAM) CO., LTD

When did FREETREND INDUSTRIAL (VIETNAM) CO., LTD start operating?

FREETREND INDUSTRIAL (VIETNAM) CO., LTD was started in 01 Jul 2008

What industry does FREETREND INDUSTRIAL (VIETNAM) CO., LTD operate in?

FREETREND INDUSTRIAL (VIETNAM) CO., LTD is operating in "Manufacture of footwear" industry

How can I contact FREETREND INDUSTRIAL (VIETNAM) CO., LTD?

FREETREND INDUSTRIAL (VIETNAM) CO., LTD phone numbers is 84-28 / 3724 0555

What adverse news is there about FREETREND INDUSTRIAL (VIETNAM) CO., LTD?

FREETREND INDUSTRIAL (VIETNAM) CO., LTD’s has 3 bad news

What is stock symbol of FREETREND INDUSTRIAL (VIETNAM) CO., LTD?

FREETREND INDUSTRIAL (VIETNAM) CO., LTD is not listed company

Where is the location of FREETREND INDUSTRIAL (VIETNAM) CO., LTD?

FREETREND INDUSTRIAL (VIETNAM) CO., LTD is located at Lot 22, 24, 26, 28, 30, 31, 32, 33, 34, 35, 37a, 37b, 39a, 39b, 41, 59, 61, 62, 63, 65, 67, 69, 79, 81, 83, 85, Sai Gon - Linh Trung Export Processing Zone, Linh Xuan Ward, Ho Chi Minh City, Vietnam

What is FREETREND INDUSTRIAL (VIETNAM) CO., LTD’s business registration?

FREETREND INDUSTRIAL (VIETNAM) CO., LTD business registration is 0301218306

My Order (0)

FREETREND INDUSTRIAL (VIETNAM) CO., LTD

FREETREND INDUSTRIAL (VIETNAM) CO., LTD

FREETREND INDUSTRIAL (VIETNAM) CO., LTD

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

We've just released an update!

Don’t miss any of our insights

FREETREND INDUSTRIAL (VIETNAM) CO., LTD

FREETREND INDUSTRIAL (VIETNAM) CO., LTD

FREETREND INDUSTRIAL (VIETNAM) CO., LTD

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

Access Required

Notification