TY BACH COMPANY LIMITED

TY BACH COMPANY LIMITED (CÔNG TY TNHH TỶ BÁCH) is a foreign-invested one-member limited liability company established on 23 July 2018 and registered with the Vinh Long Province Department of Finance. The company operates under Business ID 1501089988 and Tax Identification Number 1501089988. Its head office is located at Lot D, Binh Minh Industrial Park, My Hung 2 Hamlet, Cai Von Ward, Vinh Long Province, Vietnam.

Ownership and Legal Structure

TY BACH COMPANY LIMITED has a registered charter capital of USD 100 million. The company is wholly owned (100%) by THRIVE FOISON LIMITED, a Samoa-based entity, confirming its status as a fully foreign-owned enterprise (FDI).

With approximately 12,000 employees, TY BACH is one of the largest footwear manufacturers in Vinh Long Province, reflecting its large-scale industrial operations and export-oriented production capacity.

Management and Leadership

The company is led by Mr. CHUNG C. C. (General Director), a Taiwanese national. Financial management is overseen by Ms. NGUYEN T. K. T. (Chief Accountant), a Vietnamese national. The leadership structure combines foreign strategic management with local financial administration, a common pattern among major FDI manufacturing enterprises.

Business Activities

The company’s core business is manufacturing and processing footwear. In addition, TY BACH is registered for activities including manufacturing plastic products, manufacturing rubber products, wholesale of textiles, clothing, and footwear, wholesale of machinery and equipment, and other related industrial services.

Operating from Binh Minh Industrial Park, the company forms part of Vietnam’s export-driven footwear supply chain, serving international markets that demand large production volumes and cost efficiency.

Financial Performance Overview

For the fiscal year ended 31 December 2024, TY BACH COMPANY LIMITED reported total assets of USD 148.08 million, representing a strong 37.83% year-on-year increase. Owner’s equity reached USD 76.18 million, up 2.77% compared to 2023.

Revenue performance improved significantly in 2024. Total sales rose to USD 121.59 million, marking an impressive 84.99% year-on-year growth after the contraction recorded in 2023.

One of the most critical financial developments is the company’s return to profitability. After recording losses of USD 3.11 million in 2022 and USD 11.06 million in 2023, TY BACH posted a net profit of USD 2.05 million in 2024. This turnaround represents a 118.56% year-on-year improvement and indicates substantial operational recovery.

Working capital also improved to USD 1.41 million in 2024, up 77.36% year-on-year, suggesting better short-term liquidity management.

Operational Recovery Momentum

TY BACH COMPANY LIMITED demonstrates a strong rebound in 2024, characterized by expanding assets, surging revenue, and restored profitability. As a large-scale FDI footwear manufacturer employing 12,000 workers, the company plays a significant role in Vietnam’s export manufacturing sector. Sustained financial stability will depend on maintaining export orders, controlling production costs, and managing working capital efficiently in a competitive global footwear market.