HAILIDE (VIET NAM) CO., LTD (CÔNG TY TNHH HAILIDE (VIỆT NAM)): From Bleeding Losses to Multi-Million Profits—An FDI Manufacturer on the Rise

Located in Phuoc Dong Industrial Park, Trang Bang Town, Tay Ninh Province, and registered under tax code 3901269280, HAILIDE (VIET NAM) CO., LTD has become a fascinating turnaround story in Vietnam’s high-tech manufacturing sector. Despite years of losses, this foreign-direct-invested (FDI) enterprise has delivered a remarkable financial recovery in 2023, marking it as one of the standout cases for analysts reviewing Vietnam private financial data and conducting business verification in the synthetic fiber industry.

A wholly owned subsidiary of HAILIDE (HK) FIBERS INVESTMENT CO., LIMITED from Hong Kong (China), the company was incorporated on October 1, 2018, and is headed by Mr. Xue Y. F., who serves as both Chairman and General Director. Operating with approximately 600 employees, the company specializes in producing industrial polyester filament yarn (FDY) and other man-made fiber products, with business lines extending into plastics, synthetic rubber, and technical textile manufacturing.

The most stunning development is in its 2023 financial performance. After reporting a USD 12.96 million loss in 2022and a USD 1.5 million loss in 2021, HAILIDE (VIET NAM) CO., LTD surged back into the black with a net profit of USD 4.07 million, representing a 131.42% year-on-year increase. This dramatic turnaround coincided with sales reaching USD 148.27 million, up nearly 30% from 2022, showing clear signs of regained operational efficiency and improved market positioning.

Its owner’s equity also rose modestly to USD 112.37 million, while total assets climbed to USD 186 million—a 6.86% increase over the prior year. These numbers suggest the company has stabilized after a volatile start in Vietnam’s industrial manufacturing landscape. However, the lingering negative working capital of USD -9.89 million cannot be ignored, signaling tight liquidity conditions that could become problematic if sales growth stalls or input costs surge.

The company commands a solid base for future expansion with a charter capital of USD 140.84 million and a paid-in capital of USD 125.65 million. Still, from a credit risk management perspective, the combination of improved profits and tight short-term resources makes HAILIDE (VIET NAM) CO., LTD a cautiously optimistic case—worthy of interest, but also of close monitoring.

The recovery of HAILIDE (VIET NAM) CO., LTD proves that industrial turnaround is possible even in high-capex sectors, especially when backed by strong foreign investors. The question now is whether this momentum can be sustained, or whether 2023 was just a one-year reprieve in a still-risky operational environment. Either way, this is a company to watch in Vietnam’s synthetic textile supply chain.