TKG TAEKWANG MOC BAI JOINT STOCK COMPANY

TKG TAEKWANG MOC BAI JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN TKG TAEKWANG MỘC BÀI) is a major player in Vietnam’s footwear manufacturing industry, with a history spanning over 15 years. Registered on 18 September 2009 under Business ID 3900831450, the company operates from Hiep Thanh Commercial Area, Moc Bai Hamlet, Loi Thuan Commune, Ben Cau District, Tay Ninh Province. It is a foreign direct investment (FDI) enterprise with strong backing from both South Korean and Vietnamese shareholders, allowing it to scale operations and maintain its role as a key supplier to international footwear brands.

The company is led by Choi H. G., a South Korean national who serves as General Director, while Phan T. N. takes charge as Chief Accountant. Employing more than 7,500 workers, TKG TAEKWANG MOC BAI JOINT STOCK COMPANY focuses on the manufacturing and processing of shoes, sandals, and related footwear components. The shareholder structure is dominated by TKG Taekwang MTC Vina Company Limited (70%), followed by TKG Taekwang Co., Ltd (South Korea) (20%) and TKG Taekwang Vina JSC (10%).

Financially, the company’s performance in 2023 reflects both challenges and resilience. Total assets decreased to USD 70.73 million, a 20.23% drop compared to 2022, while equity fell by 20.61% to USD 59.04 million. Sales were down 24.35% to USD 132.91 million, showing a slowdown in demand likely linked to global market fluctuations and shifting consumer trends in the footwear sector. Despite the revenue decline, the company reported a profit of USD 5.34 million, though this was still 28.23% lower than the previous year. A working capital of USD 29.75 million indicates that the company retains sufficient liquidity to sustain operations.

The global footwear industry, including Vietnam’s export-oriented sector, is currently facing rising production costs, supply chain disruptions, and changing consumer preferences. For a large-scale manufacturer like TKG TAEKWANG MOC BAI JOINT STOCK COMPANY, these challenges highlight the importance of strategic planning, operational efficiency, and product diversification to maintain competitiveness in both domestic and international markets.

For potential partners, suppliers, and investors, assessing the credibility and financial health of companies in this sector is crucial. Vanguard Business Information LLC (VBI) offers business verification services and credit risk analysis that provide accurate insights into the operations and stability of companies like TKG TAEKWANG MOC BAI JOINT STOCK COMPANY, enabling stakeholders to make confident and informed business decisions.