TKG TAEKWANG CAN THO COMPANY LIMITED

TKG TAEKWANG CAN THO COMPANY LIMITED (CÔNG TY TNHH TKG TAEKWANG CẦN THƠ) is a South Korean-invested enterprise specializing in footwear manufacturing, located in Can Tho City, Vietnam. Since its establishment in March 2016, TKG TAEKWANG CAN THO COMPANY LIMITED has evolved into one of the most prominent players in the region's industrial sector, producing components such as soles and insoles for major global brands. The company operates within the Hung Phu 2B Industrial Park in Cai Rang District, strategically positioned to leverage both workforce availability and Vietnam’s growing export infrastructure.

As of the end of 2023, TKG TAEKWANG CAN THO COMPANY LIMITED reported impressive financial results. Its total assets reached USD 146.16 million, and annual sales climbed to USD 235.72 million—representing a 13.07% year-over-year growth. Profit after tax stood at USD 21.62 million, marking a significant 28.76% increase compared to the previous year. The company's equity rose to USD 73.64 million, reflecting healthy capital accumulation and operational strength. Although the company recorded a negative working capital of USD -39.49 million, the strong equity base and consistent profitability suggest resilient financial management and long-term sustainability.

The company employs over 14,000 workers and plays a critical role in Vietnam’s position as a global manufacturing hub for sportswear and footwear. TKG TAEKWANG CAN THO COMPANY LIMITED is an essential supplier within Nike’s production chain, contributing to the brand’s network of eleven factories in southern Vietnam. Its parent company, TKG Taekwang Co., Ltd., owns 99.9% of the shares, indicating tight integration with South Korea’s broader industrial ecosystem.

Over the past few years, TKG TAEKWANG CAN THO COMPANY LIMITED has also demonstrated a strong commitment to sustainability and corporate responsibility. In partnership with its group companies, the firm has installed rooftop solar systems at its facilities in Vietnam, including the Can Tho site. This initiative is expected to reduce carbon emissions by more than 22,000 tons annually. Additionally, the company has actively participated in local labor welfare programs, including events supporting migrant workers during the Lunar New Year, underscoring its dedication to employee well-being.

While the company continues to expand and increase its export volume to key markets like the United States and South Korea, it faces the ongoing challenge of optimizing liquidity, as indicated by the negative working capital position. Nonetheless, the rising profit margin and equity growth suggest that TKG TAEKWANG CAN THO COMPANY LIMITED remains well-positioned to navigate operational challenges and pursue further growth opportunities in the years ahead.

In summary, TKG TAEKWANG CAN THO COMPANY LIMITED exemplifies the success of foreign direct investment in Vietnam’s manufacturing sector. With a robust export portfolio, integration into global supply chains, and a focus on both sustainability and profitability, the company is a benchmark for international manufacturers looking to establish or expand their footprint in Southeast Asia.