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PHONG PHU INTERNATIONAL JOINT STOCK COMPANY

Active

Business ID 0304995318

84-28 / 7305 6886

PHONG PHU INTERNATIONAL JOINT STOCK COMPANY

Active

Business ID 0304995318

84-28 / 7305 6886

PHONG PHU INTERNATIONAL JOINT STOCK COMPANY

Active

Summary

Name:

PHONG PHU INTERNATIONAL JOINT STOCK COMPANY

Business ID (TIN):

0304995318

Date of Registration:

19 Apr 2007

Registered Office:

Ho Chi Minh City Department of Finance

Address:

No. 48, Tang Nhon Phu Street, Ho Chi Minh City, Vietnam

Phone:

84-28 / 7305 6886

Financial Statement:

2020, 2021, 2022, 2023, 2024

PHONG PHU INTERNATIONAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN QUỐC TẾ PHONG PHÚ): Expanding Assets, Shrinking Sales — Is the Engine Losing Steam?

PHONG PHU INTERNATIONAL JOINT STOCK COMPANY, also known as PPJ GROUP, is a heavyweight in Vietnam’s garment manufacturing industry. Registered under Business ID 0304995318 and headquartered in Thu Duc City, Ho Chi Minh, the company operates across Long An, Da Nang, and Khanh Hoa with over 18,000 employees. This is no small operation, but the numbers are telling a different story in 2023.

Total assets surged to USD 181.76 million, up 23.39%, indicating that PPJ is continuing to invest, expand, and build infrastructure. Equity followed suit, rising to USD 56.48 million. That’s the good news.

But revenue dropped sharply. Sales in 2023 fell by 15.3% to USD 219.56 million, and profit declined by 16.85%, falling to USD 5.53 million. The trend is unmistakable: PPJ is growing its asset base while its actual earnings shrink. That’s not a healthy balance.

The company’s working capital remains positive at USD 10.42 million, which suggests it’s not in immediate trouble. But the widening gap between investment and returns is real — and risky. At a time when many Vietnamese garment manufacturers are scaling back operations, PPJ is making a significant investment. Will that bet pay off?

Led by Mr. DANG VU HUNG, with backing from PHONG PHU CORPORATION and other domestic investors, PPJ has diversified into everything from textile spinning and real estate to electric power and logistics. This broad scope gives it room to pivot, but also exposes it to multiple economic cycles at once.

Here’s the takeaway: PHONG PHU INTERNATIONAL JOINT STOCK COMPANY still has muscle, but its engine is misfiring. Revenue is falling while costs likely rise. Investors and partners should proceed with a full Company Report, check current Vietnam Financial Data, and use Business Verification Services to understand whether PPJ’s decline in profits is a short-term dip or a long-term trend.

VANGUARD BUSINESS INFORMATION LLC (VBI) recommends close monitoring through updated Risk Management Services — because when a company builds fast and sells less, the pressure doesn’t stay hidden for long.

Legal Profile

English Name:

PHONG PHU INTERNATIONAL JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN QUỐC TẾ PHONG PHÚ

Short Name:

PPJ GROUP

Business ID (TIN):

0304995318

Date of Registration:

19 Apr 2007

Registered Office:

Ho Chi Minh City Department of Finance

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ DANG V.H

+ NGUYEN T.L

+ NGUYEN T.H.P

+ NGUYEN T.H.Q

Address:

No. 48, Tang Nhon Phu Street, Ho Chi Minh City, Vietnam

Phone:

84-28 / 7305 6886

Factory Address:

No. 27, Nguyen Thi Bay Street, Long An Ward, Tay Ninh Province, Vietnam

Factory Address:

Km 1447, Highway 1A, Bac Nha Trang Ward, Khanh Hoa Province, Vietnam

Factory Address:

Lot M, Road 3, Hoa Khanh Industrial Park, Lien Chieu Ward, Da Nang City, Vietnam

Factory Address:

Dien Sanh Industrial and Handicraft Cluster, Dien Sanh Commune, Quang Tri Province, Vietnam

Factory Address:

No. 940, Highway 1A, Quarter 4, Linh Xuan Ward, Ho Chi Minh City, Vietnam

Branch:

10th Floor, Vinatex Tower, No. 10, Nguyen Hue Street, Sai Gon Ward, Ho Chi Minh City, Vietnam

Factory Address:

No. 03, Lane 63A, Le Hong Phong Street, Group 19, Thanh Vinh Ward, Nghe An Province, Vietnam

Factory Address:

Khuan Rang Village, Son Duong Commune, Tuyen Quang Province, Vietnam

Transaction office:

No. 106 Vu Xuan Thieu, Sai Dong Ward, Long Bien District, Ha Noi City, Vietnam

Branch:

No. 22, Tong Dan Street, Hoan Kiem Ward, Ha Noi City, Vietnam

Business Sector

Key business lines:

VSIC:

1410 Manufacture of wearing apparel, except fur apparel

NACE:

14.11 Manufacture of wearing apparel, except fur apparel

Industry Sales Growth

CAGR (2019 - 2023)

1.58%

YoY (2023)

-1.55%

Companies by industry

Company distribution and propportions

18,413

0.6333%

Key Industry Players

Top 10 companies in manufacture of wearing apparel, except fur apparel industry

viet tien garment corporation 28 corporation one member limited liability company tng investment and trading joint stock company hoa tho textile - garment joint stock corporation youngone nam dinh co.,ltd tex- giang joint stock co., phong phu international joint stock company worldon (viet nam) company limited hanesbrands viet nam hue company limited tan de company limited

Payment History

Purchase the report to access company details.

Financial Performance

Assets	-99.07%
Owner’s Equity	-92.08%
Working Capital	-94.36%
Net Worth	11.84%
Sales	99.63%
Operating income	-89.89%
EBIT	40.62%
Gross Profit Margin	45.53%
Debt to EBITDA	0.85%

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Opinion from Analysts

Specific Questions About PHONG PHU INTERNATIONAL JOINT STOCK COMPANY

When did PHONG PHU INTERNATIONAL JSC start operating?

PHONG PHU INTERNATIONAL JSC was started in 19 Apr 2007

What industry does PHONG PHU INTERNATIONAL JSC operate in?

PHONG PHU INTERNATIONAL JSC is operating in "Manufacture of wearing apparel, except fur apparel" industry

How can I contact PHONG PHU INTERNATIONAL JSC?

PHONG PHU INTERNATIONAL JSC phone numbers is 84-28 / 7305 6886

What adverse news is there about PHONG PHU INTERNATIONAL JSC?

PHONG PHU INTERNATIONAL JSC’s has no negative news

What is stock symbol of PHONG PHU INTERNATIONAL JSC?

PHONG PHU INTERNATIONAL JSC is not listed company

Where is the location of PHONG PHU INTERNATIONAL JSC?

PHONG PHU INTERNATIONAL JSC is located at No. 48, Tang Nhon Phu Street, Ho Chi Minh City, Vietnam

What is PHONG PHU INTERNATIONAL JSC’s business registration?

PHONG PHU INTERNATIONAL JSC business registration is 0304995318

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PHONG PHU INTERNATIONAL JOINT STOCK COMPANY

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PHONG PHU INTERNATIONAL JOINT STOCK COMPANY

PHONG PHU INTERNATIONAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN QUỐC TẾ PHONG PHÚ): Expanding Assets, Shrinking Sales — Is the Engine Losing Steam?

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PHONG PHU INTERNATIONAL JOINT STOCK COMPANY

PHONG PHU INTERNATIONAL JOINT STOCK COMPANY

PHONG PHU INTERNATIONAL JOINT STOCK COMPANY

PHONG PHU INTERNATIONAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN QUỐC TẾ PHONG PHÚ): Expanding Assets, Shrinking Sales — Is the Engine Losing Steam?

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