LONG FA (VIET NAM) CO., LTD

LONG FA (VIET NAM) CO., LTD (Công ty TNHH Long Fa (Việt Nam)) is a large foreign-invested footwear manufacturer operating in Vietnam, with more than 11 years of continuous activity and a substantial production footprint in Dong Nai Province. Established in January 2014, the company has grown into one of the leading FDI manufacturers in the footwear sector, employing over 7,000 workers and serving international supply chains.

The company is registered as a one-member limited liability company with full foreign ownership. Its shareholder is Shoes World International Co., Ltd, incorporated in the British Virgin Islands, which holds 100% of the equity. This ownership structure reflects the company’s export-oriented strategy and close integration with global footwear manufacturing networks. LONG FA (VIET NAM) CO., LTD operates mainly from Minh Hung III Industrial Park, where it processes and manufactures sports shoes and other footwear products at scale.

From a management perspective, the company is chaired by Huang Chen Yuan, a Taiwanese national, indicating strong links to Taiwan-based footwear manufacturing expertise. The finance function is overseen by a Vietnamese chief accountant, ensuring compliance with local accounting and regulatory requirements. The company’s legal status remains active, and its operational profile shows stability rather than short-term or speculative activity.

Financially, LONG FA (VIET NAM) CO., LTD demonstrates a solid asset base and improving profitability. As of the end of 2023, total assets stood at approximately USD 92.15 million, reflecting steady growth over the previous three years. Owner’s equity increased to USD 67.71 million, reflecting a strengthening capital position and accumulated retained earnings. Although total sales declined slightly in 2023 to USD 85.04 million after a strong rebound in 2022, the company’s profit performance improved markedly. Net profit rose to USD 3.47 million in 2023, a sharp turnaround from losses in 2021 and modest earnings in 2022. This suggests enhanced cost control, improved margins, or a recovery in order quality rather than sheer volume.

Working capital stood at around USD 15.3 million in 2023, indicating adequate short-term liquidity to support ongoing operations, payroll, and raw material procurement. Given the labor-intensive nature of footwear manufacturing, this level of working capital is an essential buffer against fluctuations in export orders or input costs.

In operational terms, LONG FA (VIET NAM) CO., LTD. is not limited to manufacturing alone. Its registered business lines also include real estate activities with owned or leased property, which is common for large manufacturers operating extensive factory complexes within industrial parks. This allows the company flexibility in managing factory assets and land use over the long term.

Overall, LONG FA (VIET NAM) CO., LTD presents the profile of a mature FDI manufacturer with large-scale employment, a strong equity base, and improving profitability after a challenging period. While revenue volatility reflects broader cycles in global footwear demand, the sharp profit recovery in 2023 highlights resilience and operational adaptability. For partners, suppliers, and financial institutions, the company stands out as a significant, established player in Vietnam’s export-oriented footwear industry, with clear foreign backing and a long-term presence in the country.