TESSELLATION HOA BINH COMPANY LIMITED

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.