THANH CONG TEXTILE GARMENT INVESTMENT TRADING JOINT STOCK COMPANY

THANH CONG TEXTILE GARMENT INVESTMENT TRADING JOINT STOCK COMPANY (Vietnamese: CÔNG TY CỔ PHẦN DỆT MAY – ĐẦU TƯ – THƯƠNG MẠI THÀNH CÔNG, Tax Code: 0301446221) is one of Vietnam’s longest-standing and most diversified textile and garment enterprises. Headquartered at No. 36 Tay Thanh Street, Tay Thanh Ward, Tan Phu District, Ho Chi Minh City, the company has been active since 2006 and is currently listed on the Ho Chi Minh Stock Exchange under the symbol TCM.

THANH CONG TEXTILE operates under a publicly held joint stock structure with a charter capital of USD 41.89 million. Notably, the company completed a capital increase through treasury shares in May 2025, though official registration procedures are still underway. The ownership is led by E-Land Asia Holdings PTE. LTD. of Singapore, which holds 47%, followed by Nguyen V. N. with 9.9%, and other minority shareholders accounting for the remaining 43%.

The company is chaired by Tran N. T., a Vietnamese national, while the position of General Director is held by Song J. H., and the Deputy Chairman is Park H. S., both from South Korea. This international leadership reflects the firm's cross-border investment roots and operational synergies between Vietnam and global markets.

By 2024, the company reported a total asset base of USD 160.04 million, up 18.79% from the prior year, and owner’s equity of USD 93.33 million, reflecting a strong capital structure. Sales rebounded to USD 156.54 million, showing a 14.61% increase after a difficult 2023. Most impressive is the profit recovery to USD 11.42 million, a 107.82% jump, bringing it nearly on par with its 2022 performance despite the volatility.

THANH CONG TEXTILE’s core activities include spinning, weaving, knitting, dyeing, and the production of garment goods. It has a strong presence in both B2B export markets and domestic retail channels. Beyond manufacturing, it also engages in IT services, construction, and real estate trading, showcasing diversification within and beyond the textile sector. The company remains a large-scale employer and a vital industrial contributor with a workforce of 5,700 employees and a growing presence in both Ho Chi Minh City and provincial areas.

This level of performance makes THANH CONG TEXTILE an attractive and stable counterpart for trade and credit relationships. However, the YoY fluctuations in sales and profit indicate some exposure to global apparel market volatility and operational cost cycles. These financial swings highlight the importance of continuous risk tracking and credit reassessment.

That is precisely where VANGUARD BUSINESS INFORMATION LLC (VBI) steps in. By conducting independent verification, detailed credit scoring, and continuous financial monitoring under the reference code VN0376763578, VBI enables clients to engage with THANH CONG TEXTILE with transparency and confidence. For those considering credit extension, partnerships, or investment, the company’s 2024 performance shows resilience and financial discipline, although prudent oversight remains essential in an industry driven by rapid global shifts.