POU SUNG VIETNAM CO., LTD.

POU SUNG VIETNAM CO., LTD. (Business ID: 3600710751) is a long-established foreign direct investment (FDI) enterprise in Vietnam’s footwear manufacturing sector. Founded on January 12, 2005, and based in Bau Xeo Industrial Park, Dong Nai Province, the company primarily focuses on processing shoes for major global brands like Nike. It operates as a one-member limited liability company, fully owned by POU YUEN INDUSTRIAL (HOLDINGS) LIMITED from Hong Kong, China. With a workforce of around 18,000 employees, Pou Sung is undeniably a major employer and an important player in Vietnam’s export economy.

On the positive side, according to the latest Company Report compiled by Vanguard Business Information LLC (VBI), Pou Sung maintains a considerable scale of operations. Total assets reached USD 380.78 million by the end of 2023, showing a modest but positive growth of 2.77% from the previous year. The company's owner’s equity also increased by 6.88% to USD 132.22 million, indicating a degree of financial stability after previous setbacks. Furthermore, its net profit, though modest at USD 5.02 million, remains in positive territory, reflecting the company's ability to stay afloat in a challenging global environment. The workforce scale, brand association, and long-term presence in Vietnam are clear strengths of Pou Sung.

However, there are also notable weaknesses that cannot be ignored. Most strikingly, the company’s working capital is deeply negative at USD -85.56 million, signaling significant liquidity risks. Sales dropped sharply by 18.54% in 2023, and profit fell by more than half compared to 2022. This profit volatility, especially the dramatic -50.48% decrease in 2023, raises concerns about operational efficiency and financial resilience. Past fluctuations also show instability: while 2022 saw a strong recovery from a loss in 2021, the company could not maintain momentum into 2023. These financial signals suggest that Pou Sung, despite its scale, faces significant internal and market-driven challenges, a critical point that any serious Risk Management evaluation would highlight.

Overall, POU SUNG VIETNAM CO., LTD. is a company with a solid foundation and important industry linkages, but it is navigating through considerable financial turbulence. Stakeholders engaging with Pou Sung should balance its brand reputation and scale with the very real financial risks and operational uncertainties, and it is highly advisable to rely on updated Business Verification Services and Financial Data from trusted providers like Vanguard Business Information LLC (VBI) before making strategic decisions.