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ILSHIN VIETNAM CO.,LTD

Active

Business ID 3901180642

84-276 / 3534 600

ILSHIN VIETNAM CO.,LTD

Active

Business ID 3901180642

84-276 / 3534 600

ILSHIN VIETNAM CO.,LTD

Active

Summary

Name:

ILSHIN VIETNAM CO.,LTD

Business ID (TIN):

3901180642

Date of Registration:

09 Jan 2014

Registered Office:

Tay Ninh Province Department of Planning and Investment

Address:

Lot No. 30-4, N14 Road, Phuoc Dong Industrial Park, Bau Don Commune, Go Dau District, Tay Ninh Province, Vietnam

Phone:

84-276 / 3534 600

Fax:

(84-276) 3534 603

Financial Statement:

2020, 2021, 2022, 2023, 2024

ILSHIN VIETNAM CO., LTD (CÔNG TY TNHH ILSHIN VIỆT NAM) is a foreign direct investment (FDI)enterprise specializing in the spinning of textile fibers and the production of dyed yarns and fabrics. The company is located at Lot No. 30-4, N14 Road, Phuoc Dong Industrial Park, Bau Don Commune, Go Dau District, Tay Ninh Province, Vietnam, and operates under Business ID: 3901180642, issued by the Tay Ninh Department of Planning and Investment on January 9, 2014.

A wholly owned subsidiary of ILSHIN SPINNING CO., LTD (South Korea), ILSHIN VIETNAM has grown into one of the country’s most prominent textile manufacturers, serving global clients with high-quality yarns and fabrics. The company is led by Mr. An Hansoon (General Director), supported by Ms. Tran T. K. H. (Chief Accountant), and employs approximately 800 workers across its production and administrative divisions.

The company’s main activities include spinning textile fibers, manufacturing knitted and crocheted fabrics, and finishing textiles. It also engages in wholesale and retail distribution of textiles, clothing, and footwear through its domestic network and international supply contracts. Its representative office in Ho Chi Minh City (City Gate Building, Thu Duc City) manages client relations and export coordination.

Financially, ILSHIN VIETNAM CO., LTD reported total sales of USD 100.48 million in 2023, up 7.36% year-on-year, supported by resilient export demand and production efficiency. However, net profit remained negative at USD -12.27 million, though slightly improved (▲6.77%) from the previous year’s loss. Total assets decreased 20.39% to USD 93.9 million, while equity declined 18.37% to USD 54.51 million, reflecting a cautious restructuring phase after two years of heavy capital investment. The company’s working capital stood at USD -5.13 million, suggesting high short-term liabilities tied to ongoing production cycles.

Despite these challenges, ILSHIN VIETNAM maintains strong operational capacity and long-term viability through full integration with its Korean parent company. The firm benefits from advanced spinning technology, quality control systems, and global sourcing networks, which enable it to compete in international textile markets.

With more than a decade of continuous operation in Vietnam, ILSHIN VIETNAM CO., LTD remains a cornerstone of the country’s textile export sector. While current financial indicators reflect temporary strain, the company’s steady revenue growth and technological advantage underline its long-term potential in Vietnam’s manufacturing landscape.

For investors, buyers, and suppliers seeking more profound insight into the company’s 2024 financial status, credit standing, or operational risk, the updated report is available through VNBIS (Vanguard Business Information LLC), a comprehensive resource for trade credit analysis, business due diligence, and risk management in Vietnam’s textile and garment industries.

Legal Profile

English Name:

ILSHIN VIETNAM CO.,LTD

Vietnamese Name:

CÔNG TY TNHH ILSHIN VIỆT NAM

Short Name:

ILSHIN VIETNAM

Business ID (TIN):

3901180642

Date of Registration:

09 Jan 2014

Registered Office:

Tay Ninh Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ AN H

+ TRAN T.K.H

Address:

Lot No. 30-4, N14 Road, Phuoc Dong Industrial Park, Bau Don Commune, Go Dau District, Tay Ninh Province, Vietnam

Phone:

84-276 / 3534 600

Fax:

(84-276) 3534 603

Representative office:

1st Floor, City Gate Building, No. 67-69, Ha Noi Highway, Thao Dien Ward, Thu Duc City, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

1311 Spinning of textile fibres

NACE:

13.10 Preparation and spinning of textile fibres

Industry Sales Growth

CAGR (2019 - 2023)

2.75%

YoY (2023)

-7.45%

Companies by industry

Company distribution and propportions

1,269

0.0436%

Key Industry Players

Top 10 companies in spinning of textile fibres industry

formosa industries corporation hs hyosung viet nam company limited coats phong phu limited liability company renze textile joint stock company brotex (vietnam) co., ltd yinlong technology company limited hyosung dong nai company limited galaxy technology company limited far eastern polytex (viet nam) limited shundao (vietnam) industrial company limited

Payment History

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Financial Performance

Assets	-50.56%
Owner’s Equity	-18.58%
Working Capital	-45.13%
Net Worth	-4.98%
Sales	-44.37%
Operating income	3.45%
EBIT	-11.60%
Gross Profit Margin	25.13%
Debt to EBITDA	22.92%

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Specific Questions About ILSHIN VIETNAM CO.,LTD

When did ILSHIN VIETNAM CO.,LTD start operating?

ILSHIN VIETNAM CO.,LTD was started in 09 Jan 2014

What industry does ILSHIN VIETNAM CO.,LTD operate in?

ILSHIN VIETNAM CO.,LTD is operating in "Spinning of textile fibres" industry

How can I contact ILSHIN VIETNAM CO.,LTD?

ILSHIN VIETNAM CO.,LTD phone numbers is 84-276 / 3534 600

What adverse news is there about ILSHIN VIETNAM CO.,LTD?

ILSHIN VIETNAM CO.,LTD’s has no negative news

What is stock symbol of ILSHIN VIETNAM CO.,LTD?

ILSHIN VIETNAM CO.,LTD is not listed company

Where is the location of ILSHIN VIETNAM CO.,LTD?

ILSHIN VIETNAM CO.,LTD is located at Lot No. 30-4, N14 Road, Phuoc Dong Industrial Park, Bau Don Commune, Go Dau District, Tay Ninh Province, Vietnam

What is ILSHIN VIETNAM CO.,LTD’s business registration?

ILSHIN VIETNAM CO.,LTD business registration is 3901180642

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