STARITE INTERNATIONAL VIETNAM LIMITED

STARITE INTERNATIONAL VIETNAM LIMITED (CÔNG TY TNHH STARITE INTERNATIONAL VIỆT NAM) is a major foreign-owned enterprise specializing in the manufacture of handbags, luggage, and related leather goods, located within the campus of Pou Sung Vietnam Co., Ltd., Bau Xeo Industrial Park, Doi 61 Commune, Trang Bom District, Dong Nai Province, Vietnam. The company operates under Business ID: 3600965005, issued by the Dong Nai Department of Planning and Investment, and has been active since January 2, 2008.

Over more than 17 years of operation, STARITE has become a key production partner for several global fashion and accessories brands, known for its technical precision, high-quality finishing, and timely export performance. The company employs approximately 4,000 workers, reflecting its large-scale industrial operations and significant contribution to local employment in southern Vietnam.

Led by Mr. Yeung S. H., a British national who serves as General Director, and supported by Ms. Vo T. P., Chief Accountant, the company maintains a reputation for excellent financial management and operational efficiency. It is a wholly foreign-owned enterprise, held 100% by Wealhcorp Enterprises Limited, registered in the British Virgin Islands, which supplies capital, technology, and market access through global distribution networks.

Financially, STARITE INTERNATIONAL VIETNAM LIMITED has maintained a strong recovery trend. In 2023, total sales reached USD 101.97 million, showing only a slight 7.4% decline after a record year in 2022, while net profit jumped to USD 5.03 million, more than tripling the previous year’s result. Total assets increased to USD 43.61 million, and equity rose 21.9% year-on-year, to USD 30.29 million. The company’s working capital of USD 20.77 million demonstrates solid liquidity and strong investment capacity.

These positive results were achieved despite challenges in the global retail and consumer goods market, reflecting STARITE’s resilience and flexibility in managing supply chains, materials, and export logistics. With its focus on continuous improvement, workforce development, and environmental compliance, the company has positioned itself as one of Vietnam’s most reliable exporters in the handbag and leather goods sector.

For enterprises seeking detailed insights—such as STARITE’s 2024 financial performance, updated risk rating, and trade credit assessment—an updated company report is available for purchase through VNBIS. This in-depth report provides essential information for risk management, credit control, and partnership evaluation in Vietnam’s manufacturing industry.

Information compiled and verified by VANGUARD BUSINESS INFORMATION LLC (VNBIS), Vietnam’s trusted provider of business intelligence, financial data, and credit risk analysis.