GALAXY TECHNOLOGY COMPANY LIMITED: A Leading FDI Textile Enterprise in Vietnam

GALAXY TECHNOLOGY COMPANY LIMITED (CÔNG TY TNHH CÔNG NGHỆ KỸ THUẬT NGÂN HÀ) is a prominent foreign-invested enterprise operating in Vietnam’s textile manufacturing industry. With a decade of experience and a solid industrial presence in Quảng Ninh Province, GALAXY TECHNOLOGY COMPANY LIMITED has become a key player in the spinning and weaving sector.

Legal Status and Registration

GALAXY TECHNOLOGY COMPANY LIMITED is a one-member limited liability company officially registered on September 13, 2014. The company’s Tax Identification Number (TIN) is 5701732829, issued by the Quang Ninh Province Department of Planning and Investment. This FDI entity is wholly owned by YINGUANG TECHNOLOGY INVESTMENT LIMITED, a Hong Kong-based corporation holding 100% equity.

The company is headquartered at Plot 04.02, Lot CN36, Texhong Hai Ha Industrial Park, Quang Ha Town, Hai Ha District, Quang Ninh Province, Vietnam, and employs approximately 3,400 workers.

Key Personnel

At the helm of GALAXY TECHNOLOGY COMPANY LIMITED is Mr. TAO HUI, a Chinese national serving as the General Director. Under his leadership, the company has maintained active operations despite recent financial headwinds.

Financial Overview

In the fiscal year ending December 31, 2023, GALAXY TECHNOLOGY COMPANY LIMITED reported the following key financial data (all figures in USD):

• Total Assets: $362.81 million

• Sales Revenue: $414.16 million

• Owner’s Equity: $132.57 million

• Net Profit: -$39.28 million

• Working Capital: -$37.25 million

These figures reflect a decline in year-over-year performance, with sales down 18.11% and equity dropping by 22.98%. Despite a negative profit margin in 2023, the company remains operational and holds significant asset value.

Business Activities

GALAXY TECHNOLOGY COMPANY LIMITED is primarily engaged in:

• Spinning of textile fibres

• Weaving yarn and fabric

• Finishing of textiles

• Wholesale and retail of textiles, machinery, and non-metallic mineral products

• Electric power generation

• Leasing of machinery and equipment

The company also operates retail and e-commerce channels for textile and clothing products.

With strong foreign backing, a decade-long track record, and substantial production capacity, GALAXY TECHNOLOGY COMPANY LIMITED continues to shape Vietnam’s textile sector. While recent financial figures show challenges, its asset base, workforce, and operational infrastructure position it well for potential recovery and long-term growth.

GALAXY TECHNOLOGY COMPANY LIMITED represents the resilience and scale of Vietnam’s FDI-led industrial expansion.