REGENT GARMENT FACTORY LIMITED

REGENT GARMENT FACTORY LIMITED (CÔNG TY TNHH MAY TINH LỢI): A Giant in Vietnam’s Garment Industry Is Bleeding Revenue but Still Profitable

REGENT GARMENT FACTORY LIMITED, with Business ID 0800291164, has been a major force in Vietnam’s textile export industry for over 21 years. Based in Hai Duong Province, the company is a 100% foreign-owned entity held by CRYSTAL TRADING LIMITED, based in Bermuda. The company is known locally as CÔNG TY TNHH MAY TINH LỢI and operates with a workforce of over 17,200 employees.

The financial numbers from 2023 are both shocking and telling. Total sales plunged by nearly 15%, down to USD 190.38 million. That’s a drop of more than USD 30 million in a single year. Total assets also dropped by almost 12%, falling to USD 189.92 million. The company is clearly scaling back — whether by necessity or strategy, the report doesn’t say. Either way, this is not a good sign for a manufacturing giant in a fiercely competitive global market.

But here’s where it gets interesting. Despite the falling revenue, REGENT GARMENT FACTORY LIMITED made a strong comeback in profits. The company earned USD 7.98 million in 2023 — up 47.5% from the previous year. That’s not something you see every day: shrinking sales, shrinking assets, but higher profits. It raises important questions: Has REGENT slashed costs? Increased efficiency? Or is it riding short-term contract advantages? Whatever the cause, the margin recovery is real.

The company’s equity has been climbing slowly but steadily, now at USD 116.19 million. Net worth sits at USD 97.51 million, a sign that the firm is far from financially distressed. Working capital is healthy at USD 47.86 million, providing liquidity for operations, even during revenue shocks.

REGENT GARMENT FACTORY LIMITED is engaged in a wide range of activities, from the processing of ready-made garments for export to the production of knitted fabrics, washing, printing, and textile finishing. With multiple facilities across Hai Duong Province and a legacy of global outsourcing contracts, the firm plays a key role in Vietnam's apparel export economy.

However, the numbers cannot be sugarcoated. The decline in sales and asset value shows something deeper is shifting. Global demand may be slowing. Or the company is rebalancing production. Or perhaps, big buyers are pulling out. These are warning signs — not necessarily of collapse, but of real change.

Anyone looking to partner with or supply REGENT GARMENT FACTORY LIMITED should examine its financial trend closely. A full Company Report, combined with reliable Vietnam Financial Data and continuous Risk Management Services, is vital. Don’t be fooled by one good profit year. Sustainable strength comes from consistency — not just one rebound.

For a more comprehensive view of REGENT and companies like it, VANGUARD BUSINESS INFORMATION LLC (VBI) offers trusted Business Verification Services to help assess credit risk, ownership structure, and long-term viability.