HANESBRANDS VIETNAM COMPANY LIMITED

HANESBRANDS VIETNAM COMPANY LIMITED is a wholly foreign-owned enterprise operating in Vietnam's textile and garment manufacturing industry. Registered under Business ID 0900277558 and headquartered in Ta Trung Hamlet, Chinh Nghia Commune, Kim Dong District, Hung Yen Province, HANESBRANDS VIETNAM COMPANY LIMITED serves as a key production hub within the global supply chain of Hanesbrands Inc., focusing primarily on the processing of underwear for export markets. With over 17 years of presence in Vietnam and a workforce of approximately 4,000 employees, the company plays a vital role in the country’s garment export sector.

Functioning as a one-member limited liability company, the firm is 100% owned by Hanesbrands Holdings (Mauritius) Limited, part of the larger Hanesbrands corporate structure. The business is led by General Director Pham Q. H., supported by Sales Director Rodolfo D. L. S. L., a Mexican national, highlighting the company's blend of local leadership and international oversight.

Financially, the company experienced a period of notable contraction across key performance indicators in 2023. Total sales fell to approximately USD 123.9 million, a 22.9% decline from the previous year. Profitability was also significantly affected, with net income shrinking to just under USD 3.95 million, a drop of more than 60% compared to 2022. This decline in profit followed an earlier growth trend, suggesting that external pressures—such as reduced global demand, rising production costs, or shifts in brand sourcing strategies—significantly impacted margins.

The company’s asset base contracted to USD 47.7 million in 2023, continuing a downward trend from USD 83.1 million in 2021. Likewise, owner’s equity declined to USD 21.5 million, underscoring reduced retained earnings and possibly higher dividend distribution or internal adjustments within the group structure. Despite these contractions, HANESBRANDS VIETNAM COMPANY LIMITED maintained a healthy working capital of nearly USD 9.8 million, indicating that the firm remains liquid and operationally stable.

By the end of 2023, the company’s charter capital stood at USD 5.1 million, although the equivalent in local currency suggests an internal capital structure of up to USD 7 million. With a manufacturing focus on knitwear and crocheted apparel, the business also holds licenses in non-specialized support services and property leasing activities.

The above data provides a snapshot of the company’s performance up to the end of 2023. To gain access to the most current information on HANESBRANDS VIETNAM COMPANY LIMITED—including recent financials, credit ratings, and risk analysis—interested stakeholders are encouraged to purchase the latest due diligence report from Vanguard Business Information LLC (VNBIS.COM). This report offers detailed insights for suppliers, investors, and analysts evaluating the company's financial health and market positioning.