PHUOC KY NAM JOINT STOCK COMPANY

PHUOC KY NAM JOINT STOCK COMPANY has been operating in Vietnam’s export-oriented footwear manufacturing sector for more than 14 years, and during this period PHUOC KY NAM JOINT STOCK COMPANY has built one of the larger private footwear production platforms in Central Vietnam. Today, PHUOC KY NAM JOINT STOCK COMPANY employs 4,500 workers and operates from Thuan Yen Industrial Park in Da Nang, supplying overseas markets at a scale that places it among the more significant private manufacturers in the regional footwear supply chain.

Leadership and Ownership Concentration

The company is chaired by Pham D. K. Q., who also holds the largest equity position. Leadership is supported by Director Ly H. B. N. and Deputy Director Pham V. Q. Ownership is tightly concentrated among three individual shareholders, with the chairman holding 46.01 percent, Ly H. B. N. holding 27.22 percent and Ly H. N. holding 26.77 percent of equity. This ownership concentration enables fast strategic execution and internal capital deployment, while also raising reliance on a small decision-making group for long-term governance and risk control.

Position Within Vietnam’s Export Footwear Manufacturing Chain

The company’s core activity is the manufacturing and processing of footwear for export. Registered business lines extend into wholesale of textiles, clothing and footwear, manufacturing of luggage and handbags, commission agency services and short-term accommodation. This diversification reflects a vertically supportive structure focused on export manufacturing rather than unrelated speculation. The firm also maintains a large production facility in Quang Nam Province, strengthening its regional production footprint for long-term export capacity.

Revenue Scale and Earnings Momentum

The company recorded revenue of $74.19 million, representing a 16.14 percent YoY decline after a record peak in 2022. Despite lower sales volume, profitability improved materially, with net profit rising to $3.55 million, an increase of 79.4 percent YoY. This divergence between revenue contraction and profit expansion indicates a significant improvement in cost efficiency, margin management or product mix during 2023. From a financial analyst perspective, this suggests management successfully adjusted operating leverage in response to weaker export demand.

Operational Scale and Cost Discipline in Export Manufacturing

With 4,500 employees, PHUOC KY NAM operates as a labor-intensive export manufacturer in a sector where cost control, labor stability and buyer compliance standards directly determine order continuity. The strong profit expansion in 2023 despite declining revenue indicates that management likely achieved better unit economics through wage optimization, productivity gains, supplier renegotiation or reduced overhead. In an industry facing order volatility from global retail brands, this ability to defend margins during a revenue downturn is a measurable indicator of operational maturity.

Why This Company Matters in Vietnam’s Export Footwear Economy

PHUOC KY NAM JOINT STOCK COMPANY represents the profile of a second-tier export manufacturer that has successfully moved beyond survival mode into disciplined profitability management. Its financial trajectory shows that scale alone does not guarantee performance; margin control and capital discipline are now equally decisive. As global footwear sourcing remains under pressure from shifting consumer demand and geopolitical cost realignment, manufacturers with improving profit efficiency despite declining volumes are structurally better positioned for the next export recovery cycle.

VNBIS Insight for Investors, Buyers and Credit Institutions

VNBIS provides a comprehensive assessment of PHUOC KY NAM JOINT STOCK COMPANY, including ownership verification, balance sheet strength, export stability and margin behavior. The VNBIS Company Comprehensive Report delivers deeper intelligence on credit exposure, operating leverage and long-term sustainability. For investors, international buyers and financial institutions requiring verified intelligence before engagement, GET THE FULL AND CUSTOMIZED REPORT AT www.vnbis.com