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TESSELLATION HOA BINH COMPANY LIMITED

Active

Business ID 5400377659

84-218 / 3825 828

TESSELLATION HOA BINH COMPANY LIMITED

Active

Business ID 5400377659

84-218 / 3825 828

TESSELLATION HOA BINH COMPANY LIMITED

Active

Summary

Name:

TESSELLATION HOA BINH COMPANY LIMITED

Business ID (TIN):

5400377659

Date of Registration:

25 Oct 2011

Registered Office:

Hoa Binh Province Department of Planning and Investment

Address:

Lot 20, Road No. 1, Luong Son Industrial Park, Hoa Son Commune, Luong Son District, Hoa Binh Province, Vietnam

Phone:

84-218 / 3825 828

Financial Statement:

2020, 2021, 2022, 2023, 2024

Established in 2011, Tessellation Hoa Binh Company Limited is a foreign direct investment apparel manufacturer located in the Luong Son Industrial Park of Hoa Binh Province. The company specializes in the processing and production of wearing apparel and textile related products, including knitted garments, made up textile articles, carpet products, and textile finishing services. Over more than fourteen years of operation, Tessellation has developed into a significant manufacturing enterprise supplying both domestic and international markets.

The company operates one of the larger labor intensive production facilities in northern Vietnam, supported by a workforce of approximately 4,000 employees, and reinforced by modern machinery and integrated finishing capabilities. Its manufacturing model emphasizes export oriented production, stable quality control, and adherence to international compliance requirements.

In 2023, Tessellation recorded revenue of approximately USD 81.77 million, showing continued growth in global apparel demand and the company’s strong position within Vietnam’s textile value chain.

Leadership and Shareholders

The company is led by Nguyen V. L., General Director, who oversees production management, workforce coordination, operational quality, and strategic planning. His leadership reflects a combination of experience in Vietnam’s textile sector and alignment with international buyer standards.

Tessellation Hoa Binh Company Limited is wholly owned by Tessellation Development Private Limited of Singapore, which holds 100 percent of the company’s charter capital. As of December 2023, the company reported charter capital of USD 9.27 million and paid up capital of USD 9.35 million, demonstrating full capital contribution and stable long term investment.

Financial Growth and Market Risks

In 2023, Tessellation Hoa Binh Company Limited achieved revenue of approximately USD 81.77 million, supported by steady export orders and improved production output. Equity increased to USD 16.83 million and total assets rose by nearly six percent, reflecting continuous reinvestment in equipment and operations. Profit declined compared with 2022, influenced by global apparel market fluctuations, higher compliance costs, and increased labor expenses.

The apparel manufacturing sector remains sensitive to changes in international orders, exchange rate movements, raw material prices, and shifting labor regulations. As an export driven enterprise, the company is also exposed to global retail demand cycles and procurement conditions from international buyers.

Business Intelligence and Risk Outlook

Tessellation Hoa Binh Company Limited occupies an important position in Vietnam’s northern textile and garment supply chain. Its high labor capacity, wide range of textile finishing capabilities, and foreign direct investment backing provide the company with competitive strength in serving international fashion brands and global trading houses.

The company is expected to maintain stable production as Vietnam continues to attract global apparel manufacturing shifts. Its strategic location in Luong Son Industrial Park offers proximity to key transportation routes and an accessible labor pool. Future performance will depend on the company’s ability to manage labor costs, improve operational efficiency, and meet the growing compliance expectations of global buyers. Investments in technology, automation, and diversified orders will further enhance resilience in a competitive and rapidly evolving apparel market.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive range of professional business intelligence solutions to support investors and partners in evaluating Tessellation Hoa Binh Company Limited’s financial and operational standing.

VNBIS services include:

Company Credit Reports evaluating solvency, liquidity, and financial health.
Risk Management Solutions analyzing market exposure, capital structure, and profitability trends.
Business Verification and Due Diligence Reports confirming ownership, compliance, and governance records.

Through these services, VNBIS enables clients to make secure, transparent, and data driven business decisions.

Legal Profile

English Name:

TESSELLATION HOA BINH COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH TESSELLATION HÒA BÌNH

Short Name:

TESSELLATION HOA BINH CO.,LTD

Business ID (TIN):

5400377659

Date of Registration:

25 Oct 2011

Registered Office:

Hoa Binh Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

NGUYEN V.L

Address:

Lot 20, Road No. 1, Luong Son Industrial Park, Hoa Son Commune, Luong Son District, Hoa Binh Province, Vietnam

Phone:

84-218 / 3825 828

Business Sector

Key business lines:

VSIC:

1410 Manufacture of wearing apparel, except fur apparel

NACE:

14.11 Manufacture of wearing apparel, except fur apparel

Industry Sales Growth

CAGR (2019 - 2023)

1.58%

YoY (2023)

-1.55%

Companies by industry

Company distribution and propportions

18,416

0.6334%

Key Industry Players

Top 10 companies in manufacture of wearing apparel, except fur apparel industry

viet tien garment corporation 28 corporation one member limited liability company tng investment and trading joint stock company hoa tho textile - garment joint stock corporation youngone nam dinh co.,ltd tex- giang joint stock co., phong phu international joint stock company worldon (viet nam) company limited hanesbrands viet nam hue company limited tan de company limited

Payment History

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Financial Performance

Assets	-35.06%
Owner’s Equity	93.11%
Working Capital	63.43%
Net Worth	-64.16%
Sales	-23.42%
Operating income	49.15%
EBIT	-81.33%
Gross Profit Margin	74.58%
Debt to EBITDA	-97.63%

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Specific Questions About TESSELLATION HOA BINH COMPANY LIMITED

When did TESSELLATION HOA BINH COMPANY LIMITED start operating?

TESSELLATION HOA BINH COMPANY LIMITED was started in 25 Oct 2011

What industry does TESSELLATION HOA BINH COMPANY LIMITED operate in?

TESSELLATION HOA BINH COMPANY LIMITED is operating in "Manufacture of wearing apparel, except fur apparel" industry

How can I contact TESSELLATION HOA BINH COMPANY LIMITED?

TESSELLATION HOA BINH COMPANY LIMITED phone numbers is 84-218 / 3825 828

What adverse news is there about TESSELLATION HOA BINH COMPANY LIMITED?

TESSELLATION HOA BINH COMPANY LIMITED’s has no negative news

What is stock symbol of TESSELLATION HOA BINH COMPANY LIMITED?

TESSELLATION HOA BINH COMPANY LIMITED is not listed company

Where is the location of TESSELLATION HOA BINH COMPANY LIMITED?

TESSELLATION HOA BINH COMPANY LIMITED is located at Lot 20, Road No. 1, Luong Son Industrial Park, Hoa Son Commune, Luong Son District, Hoa Binh Province, Vietnam

What is TESSELLATION HOA BINH COMPANY LIMITED’s business registration?

TESSELLATION HOA BINH COMPANY LIMITED business registration is 5400377659

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TESSELLATION HOA BINH COMPANY LIMITED