NAMTEX CO., LTD

NAMTEX CO., LTD (Vietnamese name: CÔNG TY TRÁCH NHIỆM HỮU HẠN DỆT NHUỘM NAM PHƯƠNG) is an FDI limited liability company established on 16 April 2003, registered under Business ID 3600641177 with the Dong Nai Province Department of Planning and Investment.

Headquartered at Nhon Trach II Industrial Park, Hiep Phuoc Town, Nhon Trach District, Dong Nai Province, the company operates in the textile finishing and fabric dyeing sector, employing approximately 500 workers. With over 22 years of operation, NAMTEX remains an active industrial player in Vietnam’s textile supply chain.

Ownership and Leadership

The company is equally owned by two foreign shareholders:

• United Investment Pte. Ltd. (Singapore) – 50%

• Wintop Industrial Limited (Hong Kong, China) – 50%

The General Director is Huang, H. J., a Chinese national, overseeing operations in a capital-intensive textile processing environment.

Financial Performance Overview

In 2024, NAMTEX reported:

• Total Assets: USD 52.51 million (▲ 12.33% YoY)

• Total Sales: USD 68.18 million (▲ 9.33% YoY)

• Owner’s Equity: USD 20.63 million (▼ 14.44% YoY)

• Profit: USD 2.71 million (▼ 51.71% YoY)

• Working Capital: USD 7.61 million (▼ 44.8% YoY)

Revenue continues to grow steadily, but profitability has sharply declined compared to the previous year. After reaching USD 5.6 million in profit in 2023, net income dropped by more than half in 2024 despite higher sales.

This divergence between revenue growth and margin compression is the most critical financial signal. Rising costs, pricing pressure, or operational inefficiencies may be eroding profitability. At the same time, working capital declined significantly, suggesting tighter liquidity conditions.

Strategic Outlook

NAMTEX CO., LTD remains financially stable with positive equity and working capital, but the rapid decline in profit margin warrants close monitoring. In a competitive textile industry facing global demand fluctuations and cost volatility, operational efficiency will be decisive.

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