REGINA MIRACLE INTERNATIONAL (VIETNAM) CO.,LTD

REGINA MIRACLE INTERNATIONAL (VIETNAM) CO., LTD (CÔNG TY TNHH REGINA MIRACLE INTERNATIONAL VIỆT NAM): A High-Capacity Export Manufacturer with Signs of Margin Recovery

REGINA MIRACLE INTERNATIONAL (VIETNAM) CO., LTD is a wholly foreign-owned company with Business Registration Number 0201420068. Established on March 20, 2014, and located in the VSIP Hai Phong Industrial Park, this one-member limited liability enterprise has become one of the largest manufacturing employers in northern Vietnam, employing approximately 37,000 workers. The company specializes in processing underwear and sportswear for global export markets.

Legally registered with the Hai Phong City Department of Planning and Investment, REGINA MIRACLE INTERNATIONAL (VIETNAM) CO., LTD is 100% owned by its parent entity based in Hong Kong. Its General Director is Mr. YIU KA SO, a Chinese national overseeing its long-term strategic expansion. The company operates with a massive charter capital equivalent to USD 1 billion, with USD 877.28 million paid up as of March 2024.

From a financial perspective, REGINA MIRACLE INTERNATIONAL (VIETNAM) CO., LTD shows signs of strong capital stability but also some volatility in commercial performance. As of fiscal year ending March 2024, the company reported total assets of USD 1.09 billion and owner’s equity of USD 1.01 billion. These figures reflect steady year-over-year growth of 5.13% and 6.53%, respectively, showing that the company continues to reinvest and maintain a solid balance sheet.

The more variable data appears in the revenue and profit lines. Total sales dropped 7.77% to USD 608.47 million in FY2024 after two years of moderate growth. Despite this drop in revenue, the company’s profit more than doubled to USD 57.55 million, an 82.82% increase compared to FY2023. This may indicate improved operational efficiency or favorable shifts in input costs or pricing structures. Working capital stood at USD 652.46 million, a very healthy level relative to the scale of the business.

However, the disconnect between declining revenue and rising profits should be analyzed carefully. It could reflect cost-cutting measures or a temporary lift from currency, inventory, or accounting effects. Stakeholders are advised not to view profit growth in isolation but alongside market share, capacity utilization, and customer concentration risks—none of which are detailed in the available report.

The company’s operations extend beyond garment production. Registered business activities include manufacturing footwear, textile articles, metal treatment, handbags, and luggage. This level of diversification within the manufacturing sector can be a strength, particularly in the context of global supply chain shifts, but it also implies a need for strong internal management systems and risk oversight.

In summary, REGINA MIRACLE INTERNATIONAL (VIETNAM) CO., LTD is a well-capitalized, large-scale manufacturer with stable equity growth and signs of profit recovery. However, its declining revenue signals external or market-related challenges that should not be ignored. For supply chain partners, investors, and credit insurers, a full Company Report, detailed Vietnam Financial Data, and enhanced Business Verification Services are essential. VANGUARD BUSINESS INFORMATION LLC (VBI) also recommends applying Risk Management Services to monitor the company’s future profitability, given the scale and volatility of the global textile and apparel export market.