FREEVIEW INDUSTRIAL (VIET NAM) CO., LTD

FREEVIEW INDUSTRIAL (VIET NAM) CO., LTD: A Rising Star in Vietnam's Footwear Export Industry

As Vietnam cements its position as one of the world’s leading footwear manufacturing hubs, FREEVIEW INDUSTRIAL (VIET NAM) CO., LTD has emerged as a significant player in the sector, showcasing resilience, strong growth momentum, and international competitiveness. Located in Tan Huong Industrial Park, Tien Giang Province, the company has become a preferred manufacturing partner for global brands seeking efficient, export-ready production in Southeast Asia.

Established in September 2010, FREEVIEW is a 100% foreign direct investment (FDI) enterprise, fully owned by SHOES WORLD INTERNATIONAL CO., LTD, headquartered in the British Virgin Islands. The company operates as a one-member limited liability company and employs over 18,000 workers, making it one of the largest private employers in southern Vietnam’s industrial sector. Under the leadership of Chairman and General Director Mr. Huang Chen-Yuan, FREEVIEW focuses on processing and manufacturing sport shoes for export, serving a global client base with a reputation for reliability and timely delivery.

Financially, the company has shown strong improvement in recent years. In 2024, FREEVIEW posted total sales of USD 208.46 million, a 16.44% increase from the previous year. More significantly, after consecutive years of losses and marginal performance, the company achieved a net profit of USD 1.31 million, marking an impressive 940% year-on-year growth. This turnaround reflects both operational efficiency and an adaptive strategy amid a complex global supply chain environment. Total assets grew to USD 100.48 million, and owner’s equity stood at USD 44.29 million, confirming a solid financial structure. However, a point of caution is the reported negative working capital of USD -20.73 million, which could reflect short-term liquidity constraints that require ongoing monitoring.

FREEVIEW's growth is driven by both scale and diversification. In addition to footwear manufacturing, the company is registered to operate in apparel production and plastic manufacturing, suggesting vertical integration and product line flexibility. This multi-sector capability helps FREEVIEW mitigate risks associated with market fluctuations while expanding its customer portfolio. Its production focus aligns closely with Vietnam's competitive advantage in export processing, particularly under favorable trade agreements like the EVFTA and CPTPP.

The firm’s operations are bolstered by its modern facilities in Tan Huong Industrial Park, a strategic location that offers logistical advantages for export-oriented businesses. FREEVIEW’s ability to grow amidst global headwinds—ranging from inflation and raw material shortages to environmental compliance pressures—underscores its strategic management and commitment to long-term value creation.

As the global footwear market becomes increasingly focused on sustainability, digital supply chains, and ethical production, companies like FREEVIEW are expected to continue adapting to meet these evolving standards. With improving profitability, a solid export foundation, and a growing asset base, FREEVIEW INDUSTRIAL (VIET NAM) CO., LTD is well-positioned to become a long-term leader in Vietnam’s industrial landscape and a key contributor to the country’s export success story.