TCE VINA DENIM JOINT STOCK COMPANY

TCE Vina Denim Joint Stock Company is a foreign-owned textile manufacturer specializing in the production of denim fabrics, denim garments, and a range of woven textile products. Established in 2007, the company has developed into one of the notable textile producers in Ninh Binh Province, operating within Hoa Xa Industrial Park, an area known for large-scale manufacturing and export-oriented operations. Its activities span weaving, textile finishing, apparel manufacturing, and wholesale distribution to both domestic and international clients.

Over nearly two decades of operation, the company has built a sizeable production capacity supported by approximately 1,900 employees. Its industrial footprint contributes meaningfully to Vietnam’s textile and garment value chain, particularly in the denim segment, which remains a strong export category for the country. Situated in a strategic northern manufacturing cluster, the company benefits from access to established logistics routes connecting to key ports and distribution centers.

LEADERSHIP AND SHAREHOLDERS

The company is led by Chairman cum General Director Hwang S. T., a South Korean executive responsible for overall leadership across production strategy, technological investment, and corporate governance. His oversight includes managing large-scale textile operations, quality standards, and export-market coordination, aligning the company’s performance with group level objectives.

The ownership structure is dominated by TCE Corporation (South Korea) with 96.21 percent, making TCE Vina Denim an integral subsidiary of a major international textile group. Minority shareholders include Thien Nam Investment and Development JSC (Vietnam) with 1.96 percent and Vietnam National Textile and Garment Group (Vinatex) with 1.83 percent.

FINANCIAL GROWTH AND MARKET RISKS

The company’s most recent reporting period shows a profit of USD 3.44 million, marking a significant turnaround from prior-year losses. The financial data indicates moderate growth in total assets, strong increases in equity, and stable sales performance despite broader challenges in the textile sector. Improvements in profitability and working capital suggest strengthened operational control and more efficient cost management.
However, the company faces sector wide risks including fluctuations in export demand, pressure from lower cost textile producers, raw material volatility, and global shifts in garment consumption. The denim segment is particularly exposed to cyclical changes in fashion trends and competition from emerging markets. To fully evaluate financial resilience, liquidity, and long-term credit standing, the VNBIS Company Comprehensive Report provides deeper analysis beyond headline figures.

BUSINESS INTELLIGENCE AND RISK OUTLOOK

Short-term performance will depend on recovery in global textile demand and the company’s ability to maintain production efficiency amid market volatility. Its scale, workforce capacity, and integration into an international textile group provide stability during demand fluctuations. Over the longer term, the company benefits from technological support from its South Korean parent, which may enable upgrades in weaving automation, dyeing processes, and quality management. Its positioning within Vietnam’s established garment manufacturing ecosystem also enhances competitiveness, particularly for export driven denim production. Nevertheless, competitive pressure remains high, with global buyers increasingly demanding sustainable materials, traceability, and cost efficiency. The company’s ability to invest in environmental standards, supply-chain compliance, and production modernization will be critical to sustaining long-term market relevance.

VNBIS SUPPORT AND BUSINESS SERVICES

Vanguard Business Information LLC (VNBIS) provides a comprehensive suite of business intelligence solutions to support investors, partners, and financial institutions evaluating TCE VINA DENIM JOINT STOCK COMPANY.
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• Company Credit Reports assessing solvency, liquidity, and financial health
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