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THAIBINH GROUP

Active

Business ID 3700148737

84-28 / 3724 1241 / 3896 3306 / 3897 4641

THAIBINH GROUP

Active

Business ID 3700148737

84-28 / 3724 1241 / 3896 3306 / 3897 4641

THAIBINH GROUP

Active

Summary

Name:

THAIBINH GROUP

Business ID (TIN):

3700148737

Date of Registration:

13 Jun 2005

Registered Office:

Binh Duong Province Department of Planning and Investment

Address:

No. 5A, Xuyen A Highway, An Binh Ward, Di An City, Binh Duong Province, Vietnam

Phone:

84-28 / 3724 1241 / 3896 3306 / 3897 4641

Fax:

(84-28) 3896 0223

Financial Statement:

2020, 2021, 2022, 2023, 2024

THAIBINH GROUP (CÔNG TY CỔ PHẦN ĐẦU TƯ THÁI BÌNH), known as TBS GROUP, is a major player in Vietnam’s industrial landscape, especially in footwear manufacturing and diversified investment. With Business ID and Tax Code 3700148737, the company is registered in Binh Duong Province and has been operating since June 2005. It currently employs over 40,000 workers—a scale that few private Vietnamese companies match.

Led by Chairman and General Director Mr. Nguyen Duc Thuan, who holds a controlling 56.61% stake, THAIBINH GROUP is a joint stock company with a registered and paid-up charter capital of USD 55.54 million. The company maintains operations across footwear, handbags, real estate, logistics, tourism, power generation, and finance—making it one of Vietnam’s most diversified private conglomerates.

In 2023, THAIBINH GROUP recorded USD 291.65 million in revenue, a sharp 33.66% decline from the previous year. Profit also dropped to USD 21.34 million, reflecting a 16.21% decrease, while assets shrank to USD 716.58 million, down nearly 7%. However, equity grew modestly to USD 287.89 million, suggesting the group still retains a healthy capital structure.

Despite its scale, the recent contraction in revenue and profit suggests that THAIBINH GROUP is facing cost pressures and possibly declining global orders—an issue not uncommon in Vietnam’s export-reliant manufacturing sector. Still, the group’s substantial working capital of USD 166.37 million in 2023 gives it room to adjust and invest strategically.

With strong infrastructure across Binh Duong and Binh Phuoc and interests in ports, warehousing, and real estate, THAIBINH GROUP continues to be a powerhouse in Vietnam’s industrial growth story. But to stay competitive, the company may need to realign its manufacturing operations, respond faster to global demand shifts, and improve efficiency across its sprawling business lines.

For accurate risk assessments and detailed credit profiles on Vietnamese companies like THAIBINH GROUP, consult VANGUARD BUSINESS INFORMATION LLC (VBI)—your trusted partner in business intelligence.

Legal Profile

English Name:

THAIBINH GROUP

Vietnamese Name:

CÔNG TY CỔ PHẦN ĐẦU TƯ THÁI BÌNH

Short Name:

TBS GROUP

Business ID (TIN):

3700148737

Date of Registration:

13 Jun 2005

Registered Office:

Binh Duong Province Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

NGUYEN D.T

Address:

No. 5A, Xuyen A Highway, An Binh Ward, Di An City, Binh Duong Province, Vietnam

Phone:

84-28 / 3724 1241 / 3896 3306 / 3897 4641

Fax:

(84-28) 3896 0223

Branch:

No. 2/434, Binh Dang Quarter, Binh Hoa Ward, Thuan An City, Binh Duong Province, Vietnam

Branch:

Phu Rieng Do Street, Quarter 3, Tan Dong Ward, Dong Xoai City, Binh Phuoc Province, Vietnam

Branch:

Map Sheet No. 9.1, Quarter 3, Phu My Ward, Thu Dau Mot City, Binh Duong Province, Vietnam

Branch:

Km 85+300, National Road 10, Tan Binh Commune, Thai Binh City, Thai Binh Province, Vietnam

Branch:

No. 103A, Bui Huu Nghia Street, Tan Van Ward, Bien Hoa City, Dong Nai Province, Vietnam

Branch:

Land Plot No. 2321, Map Sheet No. 9, Chom Chuoi Hamlet, Phuoc Hung Commune, Tra Cu District, Tra Vinh Province, Vietnam

Business Sector

Key business lines:

VSIC:

4330 Building completion and finishing

NACE:

43.3 Building completion and finishing

NAICS:

2383 Building Finishing Contractors

Industry Sales Growth

CAGR (2019 - 2023)

-1.75%

YoY (2023)

-11.20%

Companies by industry

Company distribution and propportions

10,341

0.3557%

Key Industry Players

Top 10 companies in building completion and finishing industry

cag facade joint stock company viet nhat construction and interior decoration joint stock company (translated name) long son real estate company limited a.r.t investment company limited kukbo vina co., ltd token viet nam engineering & construction joint stock company nam long technology and services company limited (translated name) manh dat trade investment and services company limited (translated name) hoang nguyen trading commercial and services company limited (translated name) buu long investment company limited

Payment History

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Financial Performance

Assets	-19.37%
Owner’s Equity	-14.48%
Working Capital	-45.39%
Net Worth	51.02%
Sales	7.56%
Operating income	-33.56%
EBIT	-27.32%
Gross Profit Margin	-81.41%
Debt to EBITDA	-60.32%

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Specific Questions About THAIBINH GROUP

When did THAIBINH GROUP start operating?

THAIBINH GROUP was started in 13 Jun 2005

What industry does THAIBINH GROUP operate in?

THAIBINH GROUP is operating in "Building completion and finishing" industry

How can I contact THAIBINH GROUP?

THAIBINH GROUP phone numbers is 84-28 / 3724 1241 / 3896 3306 / 3897 4641

What adverse news is there about THAIBINH GROUP?

THAIBINH GROUP’s has 4 bad news

What is stock symbol of THAIBINH GROUP?

THAIBINH GROUP is not listed company

Where is the location of THAIBINH GROUP?

THAIBINH GROUP is located at No. 5A, Xuyen A Highway, An Binh Ward, Di An City, Binh Duong Province, Vietnam

What is THAIBINH GROUP’s business registration?

THAIBINH GROUP business registration is 3700148737

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