TEX- GIANG JOINT STOCK CO.,

TEX-GIANG JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN TEX-GIANG) is an established Vietnamese garment manufacturer, known for its production and processing of apparel for both domestic and international markets. With more than 18 years of operational experience, TEX-GIANG has demonstrated remarkable financial growth and operational scale, while continuing to build its reputation in the textile sector.

Corporate Profile and Ownership

Registered on March 6, 2007, with the Tien Giang Department of Planning and Investment, TEX-GIANG operates as a joint stock company under full domestic ownership.

• Business ID and TIN: 1200650663

• Charter Capital: USD 13.31 million

• Ownership Status: Privately held

• Main Office: Tan Huong Industrial Park, Chau Thanh District, Tien Giang Province

• Website: http://tex-giang.com.vn

TEX-GIANG operates multiple branches, including facilities in Ho Chi Minh City and Tien Giang, which support its large-scale manufacturing base.

Executive Leadership

The company is led by Ms. Nguyen Bao Tran, serving as General Director, and supported by Ms. Truong Le Khanh, the Chief Accountant. The management team is comprised of Vietnamese nationals, and the shareholder base is diversified across several individuals with industry and regional connections.

Business Lines

TEX-GIANG's primary business is the manufacture and processing of garments, with supplementary registrations in:

• Food and agriculture processing

• Electronics and home appliance retail

• Wholesale of various goods including textiles and food

• Real estate and property trading

• Electric power generation

Though the core competency remains in apparel manufacturing, the broad registration of activities indicates potential for horizontal diversification, or legacy licenses not currently in active use.

Financial Performance

2023 marked an exceptional year for TEX-GIANG, with exponential growth across nearly all financial metrics:

Key Figures for FY 2023:

• Total Assets: USD 174.84 million (↑412.72% YoY)

• Revenue: USD 273.28 million (↑423.44% YoY)

• Profit: USD 49.77 million (↑1481.33% YoY)

• Owner’s Equity: USD 47.98 million (↑262.46% YoY)

• Working Capital: USD 7.09 million

• Net Worth: USD 47.55 million

This surge in performance is remarkable and positions TEX-GIANG as one of the top-performing textile companies in Vietnam’s private sector. However, such high growth rates—especially profit margins—warrant careful evaluation to determine sustainability over future cycles.

Credit Perspective and Risk Assessment

From a credit standpoint, TEX-GIANG appears financially strong and operationally robust. The company’s consistent equity growth, rising profitability, and expanding asset base are all indicators of sound financial management and market demand.

However, a few prudent notes include:

• The extraordinary YoY financial growth may reflect a one-time contract, cost-saving measures, or favorable export trends that could normalize in following years.

• Diversification into non-core sectors, while broadening opportunity, can also introduce management complexity or risk dilution.

Conclusion

TEX-GIANG JOINT STOCK COMPANY is a clear example of a well-run, scalable Vietnamese garment business that has successfully capitalized on market momentum. Its 2023 financial figures are impressive by any industry standard. For clients, partners, and investors, it represents a low-to-moderate credit risk with potential for continued upside—provided that financial growth stabilizes and strategic focus remains sharp.

For reliable risk analysis and due diligence on Vietnamese enterprises, VANGUARD BUSINESS INFORMATION LLC (VBI) delivers authoritative business intelligence tailored to financial institutions, exporters, and supply chain stakeholders.