MANUFACTURING SPORTWEAR JOINT STOCK COMPANY

MANUFACTURING SPORTWEAR JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN SẢN XUẤT HÀNG THỂ THAO) is a well-established Vietnamese apparel manufacturer specializing in the production of sports clothing for both domestic and international markets. Founded on January 20, 2004, and headquartered at the Capital Place Building in Ba Dinh District, Ha Noi City, the company has built a solid reputation over 21 years of operation. With a charter and paid-up capital of USD 24.65 million, it operates as a privately held joint stock company, positioning itself as one of the key enterprises in Vietnam’s growing textile and garment sector.

The company is led by Mr. Nguyen T. P., who serves as Chairman and General Director. His strategic vision and long-term leadership have been central to the firm’s expansion and adaptability in an increasingly competitive global apparel market. Mr. Ngo Q. D. supports the leadership team, who serves as Chief Financial Officer, overseeing the financial and investment activities of the company. The company employs around 17,000 people across its headquarters and primary manufacturing facilities in Thai Binh Province. These factories are strategically placed in Nguyen Duc Canh Industrial Park, Phuc Khanh Industrial Park, and Xuan Quang Industrial Cluster, enabling high-volume production and efficient logistics.

In recent years, MANUFACTURING SPORTWEAR has experienced financial volatility but maintains a strong equity base. In 2024, the company reported total assets of USD 93.64 million and equity of USD 79.15 million, marking a slight recovery of 5.17 percent and 6 percent, respectively, after consecutive years of decline. Sales reached USD 98.28 million, reflecting a contraction of 10.69 percent compared to 2023, while profit remained stable at USD 15.2 million, up 1.88 percent. Despite a decrease in revenue over the last two years, its profit margin resilience suggests effective cost management and operational efficiency, particularly in a challenging global retail and export environment.

The company’s core business is the manufacturing of sportswear and active apparel. Still, its registered business activities cover a wide range of textile and related services, including knitting, finishing, textile design, and wholesale of garments and accessories. It also diversifies into machinery leasing, real estate management, and business support services, allowing it to maintain operational flexibility and financial strength.

With 97.92 percent of shares held by Mr. Nguyen T. P. and only a small portion owned by other shareholders, the company benefits from a centralized ownership structure that allows for swift decision-making and long-term strategic planning. Its strong manufacturing base in Thai Binh and headquarters in Ha Noi give it both production capacity and administrative agility.

As the global demand for sportswear continues to grow, especially in markets emphasizing sustainability and fast fashion, MANUFACTURING SPORTWEAR is well-positioned to leverage its experience, workforce scale, and infrastructure to expand its export footprint. Its continued investment in textile finishing, knitting technologies, and flexible production lines could further enhance its competitiveness and solidify its role as one of Vietnam’s leading sports apparel manufacturers.