VENUS VIET NAM FOOTWEAR LIMITED

VENUS VIET NAM FOOTWEAR LIMITED (Vietnamese name: Công ty TNHH Giầy Venus Việt Nam) is a foreign-invested enterprise operating in the footwear manufacturing industry. Established on January 9, 2015, the company is located at Craft Village Industrial Cluster, Ha Binh Commune, Ha Trung District, Thanh Hoa Province, Vietnam. It operates as a one-member limited liability company with Business ID 2802259272 and Tax Identification Number (TIN) 2802259272. With more than 10 years of experience, VENUS has grown into a major producer and exporter in Vietnam’s footwear sector. The company has a charter capital of USD 121.33 million and a paid-up capital of USD 60.31 million, supported by a workforce of approximately 8,000 employees.

Leadership and Ownership

The company is led by Mr. Chang T. Y. who serves as Chairman cum General Director, supported by Mr. Tseng J. H. and Mr. Lo H. S. in the roles of Deputy General Directors. All members of the top management team are of Taiwanese nationality, bringing extensive experience in the footwear manufacturing industry. VENUS VIET NAM FOOTWEAR LIMITED is wholly owned by NICE ELITE INTERNATIONAL LIMITED, a Hong Kong-based investor holding 100% ownership, reflecting strong foreign capital backing and international strategic orientation.

Financial Performance

VENUS VIET NAM has experienced significant financial growth and recovery in recent years. In 2023, the company recorded total assets of USD 86.98 million, a 7.21% increase compared to 2022. Owner’s equity rose sharply to USD 42.28 million, representing a 199.25% year-on-year increase. Total sales reached USD 87.75 million, reflecting a 34.72% growth rate, and profit rebounded strongly to USD 5.47 million after a challenging year in 2022. These results underline the company’s ability to adapt to market fluctuations and improve operational efficiency, particularly in a period when global footwear supply chains are undergoing structural shifts.

Business Activities

The company’s primary business activity is the manufacturing and processing of footwear for export. In addition to its core footwear business, VENUS also engages in manufacturing plastic products, corrugated paper and paperboard containers, and other related packaging products. The company is also involved in real estate activities and construction of residential buildings, which demonstrates a diversified business structure designed to support its main manufacturing operations and strengthen its supply chain capabilities.

Strategic Position

Located in Thanh Hoa Province, VENUS VIET NAM benefits from a strategic industrial base with access to a skilled and cost-effective labor force, as well as advantageous logistics infrastructure. Its strong financial growth, foreign ownership, and operational scale place the company among the leading footwear manufacturers in Vietnam. As Vietnam continues to expand its role as a global footwear production hub, VENUS is well-positioned to capture new opportunities, particularly as international brands seek to diversify their manufacturing bases away from traditional markets.

Outlook

The company’s impressive performance in 2023 highlights its potential to expand further in the coming years. By focusing on maintaining its production quality, expanding export capacity, and enhancing efficiency, VENUS VIET NAM FOOTWEAR LIMITED is expected to play an increasingly important role in Vietnam’s footwear export industry. Its strong capital structure, experienced leadership, and diversified operations are key factors that support its long-term growth strategy in both domestic and international markets.