TBS AN GIANG JOINT STOCK COMPANY

TBS AN GIANG JOINT STOCK COMPANY (Tax code: 1602032265) stands out as a fast-growing enterprise in Vietnam’s southern industrial belt, with a clear upward trajectory in manufacturing and exports. Located in Thanh Nien Hamlet, Phu Hoa Town, Thoai Son District, An Giang Province, this joint stock company was registered in January 2017 and has evolved from a regional player into a robust, nationally significant operation. Its core focus lies in the manufacture of footwear and handbags, serving both domestic and global supply chains.

The company is led by Le T. H., who holds the role of Director and is instrumental in navigating the firm’s aggressive growth. With substantial backing from Thai Binh Group, which owns 60.87% of the company, and Binh Duong Trade and Tourist JSC with 32.61%, TBS AN GIANG benefits from strong parent company support, a factor that underpins its rapid expansion in both revenue and assets.

Financial performance in 2023 reflects this momentum. Total assets surged to USD 150.68 million, up 77.42% from the prior year, while total sales reached USD 137.95 million, marking a staggering 183.72% growth year-on-year. Profitability followed suit, with net profit doubling to USD 16.48 million, an increase of 117%, indicating significant operational efficiency and strong market demand. The company also maintains a healthy working capital position of USD 9.54 million, supporting its liquidity and capacity for short-term obligations.

TBS AN GIANG operates branches in Binh Duong and Da Nang, expanding its operational footprint beyond An Giang Province. It engages in a range of registered business lines, including machinery wholesale, electric power generation, and real estate trading, though its manufacturing base remains the backbone of its revenue generation.

From a financial risk management perspective, this kind of rapid expansion—while impressive, warrants professional monitoring. High growth can mask structural weaknesses or signal potential overleveraging if not supported by long-term capital stability. That’s where VANGUARD BUSINESS INFORMATION LLC (VBI) steps in. Through its credit reporting and verification tools, VBI enables partners, lenders, and stakeholders to validate whether a company like TBS AN GIANG is not only growing but doing so sustainably.

For businesses seeking to engage with TBS AN GIANG JOINT STOCK COMPANY whether through supply contracts, partnerships, or credit lines, VBI’s due diligence services provide essential insights into the company’s equity structure, working capital strength, and overall financial health. While the firm appears solid on paper, continuous financial monitoring ensures that decisions made today are backed by verified, up-to-date intelligence.

In summary, TBS AN GIANG JOINT STOCK COMPANY is a thriving, export-oriented manufacturer with strong ownership and rapidly expanding financials. With the support of VBI's business information and credit assessment solutions, stakeholders can move forward with confidence while keeping a watchful eye on the company’s financial discipline.