POUYUEN VIETNAM COMPANY LIMITED (CÔNG TY TNHH POUYUEN VIỆT NAM): A GENERAL ANALYSIS BY VANGUARD BUSINESS INFORMATION (VBI)

POUYUEN VIETNAM COMPANY LIMITED is one of Vietnam’s largest footwear manufacturers, specializing in the production of sports shoes for global brands such as Nike, Adidas, Reebok, Puma, New Balance, and Salomon. Established on September 19, 2008, the company operates as a one-member limited liability company and is a wholly owned subsidiary of POUYUEN INDUSTRIAL (HOLDINGS) LTD, registered in Hong Kong, China. Its main factory is located at No. D10/89Q, National Road 1A, Tan Tao Ward, Binh Tan District, Ho Chi Minh City, Vietnam, and it is registered under Business ID (TIN) 0300813662.

Legal Status and Organizational Structure

POUYUEN VIETNAM operates as a foreign direct investment (FDI) enterprise, holding a charter capital of USD 110.8 million, with the same amount in paid-up capital as of December 31, 2023. The company is a critical part of Vietnam’s footwear export industry, supporting the country’s position as one of the world’s largest producers of sports shoes.

The company is managed by General Director Lin Jyun Wei, with Chief Accountant Tai Pi Sung overseeing financial operations and Chief of Legal Department Huynh Van Trong managing regulatory compliance. With a workforce of 40,000 employees, POUYUEN VIETNAM is among the largest private-sector employers in Vietnam, contributing significantly to the country’s manufacturing and export economy.

Financial Performance

As of 2023, POUYUEN VIETNAM reported total assets of USD 493.67 million, reflecting an 8.66% decline from 2022. Total sales dropped by 28.01% to USD 884.51 million, signaling market challenges, possible shifts in global supply chains, or reduced consumer demand for sports footwear.

The company’s equity fell by 34.35% to USD 111.42 million, while net profit dropped drastically to USD -61.88 million, representing a 322.42% decline from the previous year. This sharp downturn suggests rising costs, lower production volumes, or pricing pressures from global clients. Despite these challenges, POUYUEN VIETNAM remains a dominant force in the industry, benefiting from strong brand partnerships and Vietnam’s competitive labor market.

The Footwear Industry in Vietnam

Vietnam is one of the world’s largest exporters of footwear, with major multinational brands relying on the country’s manufacturing capabilities. The sector benefits from skilled labor, competitive wages, and trade agreements, but it also faces challenges such as fluctuating raw material costs, supply chain disruptions, and increasing labor costs.

POUYUEN VIETNAM’s role in producing high-quality sports footwear for leading global brands positions it as a key player in Vietnam’s industrial landscape. However, the company must adapt to changing consumer trends, sustainability requirements, and economic conditions to maintain its competitive edge.

The Role of General Company Reports in Business Decision-Making

For investors, suppliers, and market analysts, having access to detailed financial and operational insights is essential in assessing risks, business viability, and long-term growth prospects. General company reports provide a clear picture of a firm’s financial stability, market positioning, and strategic direction, ensuring data-driven decision-making in competitive industries.

VBI’s Contribution to Market Analysis and Business Insights

VANGUARD BUSINESS INFORMATION (VBI) offers comprehensive financial reports and industry evaluations, assisting businesses in analyzing corporate stability, investment risks, and market trends. In a rapidly evolving global market, VBI’s insights on companies like POUYUEN VIETNAM help stakeholders assess financial risks, industry competition, and strategic opportunities, ensuring a well-informed approach to business engagements and investment decisions.