PROMAX TEXTILE (VIETNAM) CO., LTD

Founded in 2006, Promax Textile Vietnam Company Limited is a foreign owned manufacturing enterprise specializing in spinning textile fibers and producing woven, dyed, and finished fabrics for both domestic and export markets. Located in the Nhon Trach III Industrial Park in Dong Nai Province, the company operates large scale production lines supported by 980 employees and maintains additional facilities within the same industrial cluster to accommodate spinning, weaving, and finishing processes.

Promax Textile Vietnam produces a wide range of textile materials used across apparel, medical fabrics, industrial applications, and specialty woven products. Its operations include spinning, dyeing, knitting, printing, and finishing, along with selected machinery manufacturing related to textile production. A notable characteristic of the company is its substantial asset base and long term presence in Vietnam’s textile supply chain, positioning it as a reliable partner for major buyers seeking consistent volume and quality.

Leadership and Shareholders

The company is led by Cheng Y. L., Chairman and General Director, who oversees all manufacturing operations, product quality systems, and strategic planning. He is supported by Cheng K. L., Deputy General Director, who manages production coordination, factory performance, and technical oversight across multiple stages of the textile process.

Promax Textile Vietnam is wholly owned by Carry Forward Co., Ltd. of Samoa, which holds one hundred percent of the company’s equity. This ownership structure provides centralized decision making and stable capital funding while enabling operational autonomy within Vietnam’s textile manufacturing sector.

Financial Growth and Market Risks

In 2023, the company achieved revenue of approximately USD 79.25 million. Despite maintaining stable sales volume, Promax Textile Vietnam has experienced multi year declines in assets, equity, and profit due to more competitive pricing and rising operating costs across Vietnam’s textile industry.

The company faces risks associated with raw material price fluctuations, energy cost variability, and shifts in global apparel demand. As the textile sector becomes more competitive, maintaining efficient production lines and strong working capital management will be essential. Further detail on liquidity, credit posture, and operational resilience is available in the VNBIS Company Comprehensive Report.

Business Intelligence and Risk Outlook

Vietnam remains one of Asia’s most important textile and garment manufacturing hubs, and Promax Textile Vietnam benefits from its long established presence and large scale production capabilities. Its integrated structure, covering spinning through finishing, offers competitive advantages as buyers increasingly prefer suppliers with full process capabilities.

Short term performance will depend on export conditions, input cost stability, and global retail demand. Long term competitiveness will hinge on continued modernization of production lines, diversification into higher value materials, and effective cost control. Stakeholders who require a complete understanding of the company’s financial position and operational risks can access these insights through VNBIS advanced reporting solutions.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides comprehensive business intelligence solutions to support investors, manufacturers, and financial institutions evaluating Promax Textile Vietnam Company Limited.

VNBIS services include:

• Company Credit Reports assessing solvency, liquidity, and financial health
• Risk Management Solutions analyzing exposure to textile industry cycles, raw material cost movements, and profitability trends
• Business Verification and Due Diligence Reports confirming ownership structure, compliance, and governance practices

Through these services, VNBIS enables clients to make informed, transparent, and data driven business decisions.