SCAVI HUE COMPANY

Located in the Phong Dien Industrial Park of Hue City, SCAVI HUE has long been a prominent manufacturer in Vietnam’s textile and garment sector. Established on March 27, 2008, the company now boasts more than 17 years of operation and remains a key contributor to Vietnam’s export-oriented apparel industry. Despite recent market turbulence, SCAVI HUE maintains a significant manufacturing presence, supported by thousands of workers, multiple production sites, and a diversified product line.

Operating as a limited liability company with foreign direct investment, SCAVI HUE is legally registered under business ID 3300382362 and regulated by the Hue City Department of Finance. As of the end of 2024, the company reported a paid-up capital of nearly 7 million USD and a workforce of 7,000 employees. The enterprise is majority-owned—99.97 percent—by SCAVI JOINT STOCK COMPANY, located in Dong Nai Province. Tran V. D., a Vietnamese individual investor, holds the remaining shares.

The company is led by General Director Tran V. M., whose name is closely associated with the SCAVI Group’s long-standing expansion across Vietnam.  Dang V. V., who serves as Finance Director, manages financial operations and plays a key role in steering the firm through current market challenges.

SCAVI HUE’s primary business is manufacturing and processing lingerie, sportswear, swimwear, and protective clothing. Beyond these core segments, the company is registered to engage in textile production, wholesale and retail of apparel and accessories, machinery leasing, and even preschool education—a relatively rare diversification in the sector. SCAVI HUE has built a vertically integrated production and logistics network supporting domestic distribution and international export with facilities in Hue, Da Nang, and Dong Nai.

Financially, 2023 proved to be a challenging year. The company’s total assets declined by over 6 percent to 108.6 million USD, while sales revenue dropped sharply by nearly 37 percent to 113.6 million USD. This downturn reflects broader global contraction in apparel demand, particularly from key export markets. More concerning, however, was the steep drop in net profit, which fell by over 64 percent to just 1.3 million USD—down from nearly 15 million USD two years prior.

Nevertheless, there were some bright spots in the company’s financials. Equity grew by nearly 9 percent in 2023, reaching 26.8 million USD. This suggests prudent financial management and a continued accumulation of retained earnings, despite revenue pressures. Working capital remained positive at 1.54 million USD, offering the company room to maneuver in terms of liquidity and short-term obligations.

The year-on-year contraction in revenue and profit signals that SCAVI HUE, like many global garment manufacturers, is facing higher input costs, labor shortages, and weakened purchasing power in key overseas markets. Yet its ability to maintain positive net income, increase equity, and retain its labor force highlights the underlying resilience of its business model.

With strong ties to its parent company in Dong Nai, an experienced leadership team, and a broad license portfolio that includes medical textile production and wholesale activities, SCAVI HUE is well-positioned to recover as market conditions stabilize. Its geographic diversification—with branches in Da Nang and Dong Nai—also provides flexibility in adapting to shifting regional policies or logistics disruptions.

For business partners, clients, and investors seeking in-depth insights into this well-established apparel manufacturer, a detailed company credit report is available from VANGUARD BUSINESS INFORMATION LLC (VNBIS.COM)—Vietnam’s trusted provider of business risk assessments and enterprise data.