SHUNDAO (VIETNAM) INDUSTRIAL COMPANY LIMITED: A Major Textile Yarn Manufacturer Facing Profitability Pressures

SHUNDAO (VIETNAM) INDUSTRIAL COMPANY LIMITED (CÔNG TY TNHH MTV CÔNG NGHIỆP SHUNDAO (VIỆT NAM)) is one of Vietnam’s largest foreign-invested enterprises in the textile spinning sector. Operating under tax code 1101744254, the company is headquartered at Area A and Area B, Road No. 10, Thuan Dao Expanded Industrial Park, Long Dinh Commune, Can Duoc District, Long An Province, Vietnam. Since its establishment on April 8, 2014, SHUNDAO Vietnam has grown rapidly to become a dominant supplier of yarns to domestic and export markets.

As of the end of 2023, the company employed approximately 3,600 workers and maintained total assets of USD 312.09 million, making it a heavyweight in Vietnam’s textile industrial base. Its main line of business is the manufacture and trading of yarns, with extended activities including the spinning of textile fibers, the manufacture of non-woven and knitted fabrics, and textile finishing.

Financially, SHUNDAO (VIETNAM) INDUSTRIAL COMPANY LIMITED demonstrated strong operational growth with a 29.79% increase in total sales, reaching USD 180.88 million in 2023. However, the company reported a net loss of USD 5.55 million, marking a sharp reversal from its positive profits in previous years. Owner's equity also declined by 2.85%, while profit dropped 193.43% year-over-year, suggesting rising operational costs, market volatility, or inefficiencies in resource allocation.

Despite a net loss, the company’s working capital remains healthy at USD 68.32 million, providing financial headroom for production and procurement cycles. The firm's charter capital is USD 150 million, and NEITH CROWN PTE wholly owns it. LTD., a Singapore-based corporation. This foreign direct investment (FDI) status positions the company to access international markets and capital.

In summary, SHUNDAO (VIETNAM) INDUSTRIAL COMPANY LIMITED is a vital player in Vietnam’s textile supply chain. While its recent profitability issues raise concerns, its strong asset base, significant capital backing, and growing sales volume show long-term potential. Businesses, suppliers, and investors interested in Vietnam’s textile and garment sector can benefit from monitoring SHUNDAO’s performance. For in-depth financial analysis, business verification, and risk profiling, rely on VANGUARD BUSINESS INFORMATION LLC (VBI)—your trusted source for corporate intelligence in Vietnam.