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VIET TIEN GARMENT CORPORATION

Active

Business ID 0300401524

84-28 / 3864 0800

VIET TIEN GARMENT CORPORATION

Active

Business ID 0300401524

84-28 / 3864 0800

VIET TIEN GARMENT CORPORATION

Active

Summary

Name:

VIET TIEN GARMENT CORPORATION

Business ID (TIN):

0300401524

Date of Registration:

02 Jan 2008

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

VGG

Address:

No. 7, Le Minh Xuan Street, Ward 7, Tan Binh District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3864 0800

Fax:

(84-28) 3864 5085

Financial Statement:

2020, 2021, 2022, 2023, 2024

VIET TIEN GARMENT CORPORATION (Business ID: 0300401524) is one of Vietnam’s most prominent players in the textile and garment industry. Founded officially as a joint stock company on January 2, 2008, and operating under the trade name VTEC CORP, it is publicly listed with the stock symbol VGG on Vietnam's UPCOM exchange. Its headquarters is located at No. 7, Le Minh Xuan Street, Ward 7, Tan Binh District, Ho Chi Minh City, and it maintains multiple branches in Hanoi and Ho Chi Minh City to support its growing domestic and international operations. With a workforce of 4,275 employees, Viet Tien has built a strong reputation for manufacturing and trading garment products for both local and export markets.

According to the latest Company Report compiled by Vanguard Business Information LLC (VBI), VIET TIEN GARMENT CORPORATION posted robust financial figures in 2024. The company’s total assets reached USD 217.34 million, reflecting a 6.65% year-over-year increase. Total sales surged by 13.33% to USD 400.69 million, while net profit nearly doubled, rising by 89.55% to USD 14.89 million. Owner's equity stood at USD 89.49 million, an 8.74% growth compared to the previous year, indicating solid financial resilience and operational effectiveness. The ownership structure reveals Vietnam National Textile and Garment Group (Vinatex) as the largest shareholder, holding 30.4%, alongside other investors such as Xuan Hong Investment and South Island Garment Sdn. Bhd., demonstrating a blend of domestic and foreign investment confidence.

The company is currently chaired by Mr. Vu Duc Giang, a well-known figure in Vietnam's textile sector, with Mr. Bui Van Tien serving as General Director and Mr. Phan Van Kiet as Deputy General Director. These key executives, verified through Business Verification Services from VBI, have been pivotal in leading Viet Tien's expansion into new markets and reinforcing its brand internationally.

However, the promising outlook for Viet Tien and Vietnam’s garment industry at large faces growing uncertainty due to the recently announced Trump administration’s tariff policy. Under the latest proposals, higher tariffs could be imposed not just on China but also on countries like Vietnam, which have rapidly expanded their exports to the U.S. This development is particularly concerning for the Vietnamese textile and garment sector, where the U.S. remains a major market. Companies like Viet Tien, despite their current financial strength, may soon experience pressure from rising trade barriers, increased competition, and shifting global supply chains. Risk assessment and adaptation strategies will be critical, and stakeholders are advised to continuously monitor developments through updated Company Reports, Financial Data, and Risk Management evaluations offered by trusted providers like Vanguard Business Information LLC (VBI).

Legal Profile

English Name:

VIET TIEN GARMENT CORPORATION

Vietnamese Name:

TỔNG CÔNG TY CỔ PHẦN MAY VIỆT TIẾN

Short Name:

VTEC CORP.

Business ID (TIN):

0300401524

Date of Registration:

02 Jan 2008

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ticker:

VGG

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ VU D.G

+ BUI V.T

+ PHAN V.K

+ TRAN M.C

+ NGUYEN T.D

+ NGO V.K

+ NGUYEN T.A

Address:

No. 7, Le Minh Xuan Street, Ward 7, Tan Binh District, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3864 0800

Fax:

(84-28) 3864 5085

Branch:

No. 96, Nguyen Tri Phuong Street, Ward 7, District 5, Ho Chi Minh City, Vietnam

Branch:

3rd Floor, Parkson Le Dai Hanh, No. 184, Le Dai Hanh Street, Ward 15, District 11, Ho Chi Minh City, Vietnam

Branch:

Hoi Xa Street, Group 5, Phuc Loi Ward, Long Bien District, Ha Noi City, Vietnam

Branch:

No. 102, Nguyen Van Linh Street, Nam Duong Ward, Hai Chau District, Da Nang City, Vietnam

Business Sector

Key business lines:

VSIC:

1410 Manufacture of wearing apparel, except fur apparel

NACE:

14.11 Manufacture of wearing apparel, except fur apparel

Industry Sales Growth

CAGR (2019 - 2023)

1.58%

YoY (2023)

-1.55%

Companies by industry

Company distribution and propportions

18,414

0.6333%

Key Industry Players

Top 10 companies in manufacture of wearing apparel, except fur apparel industry

viet tien garment corporation 28 corporation one member limited liability company tng investment and trading joint stock company hoa tho textile - garment joint stock corporation youngone nam dinh co.,ltd tex- giang joint stock co., phong phu international joint stock company worldon (viet nam) company limited hanesbrands viet nam hue company limited tan de company limited

Payment History

Purchase the report to access company details.

Financial Performance

Assets	87.22%
Owner’s Equity	-62.09%
Working Capital	31.07%
Net Worth	95.64%
Sales	71.18%
Operating income	49.18%
EBIT	-65.48%
Gross Profit Margin	-15.81%
Debt to EBITDA	24.42%

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Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

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Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About VIET TIEN GARMENT CORPORATION

When did VIET TIEN GARMENT CORPORATION start operating?

VIET TIEN GARMENT CORPORATION was started in 02 Jan 2008

What industry does VIET TIEN GARMENT CORPORATION operate in?

VIET TIEN GARMENT CORPORATION is operating in "Manufacture of wearing apparel, except fur apparel" industry

How can I contact VIET TIEN GARMENT CORPORATION?

VIET TIEN GARMENT CORPORATION phone numbers is 84-28 / 3864 0800

What adverse news is there about VIET TIEN GARMENT CORPORATION?

VIET TIEN GARMENT CORPORATION’s has 10 bad news

What is stock symbol of VIET TIEN GARMENT CORPORATION?

VIET TIEN GARMENT CORPORATION’s stock symbol is VGG

Where is the location of VIET TIEN GARMENT CORPORATION?

VIET TIEN GARMENT CORPORATION is located at No. 7, Le Minh Xuan Street, Ward 7, Tan Binh District, Ho Chi Minh City, Vietnam

What is VIET TIEN GARMENT CORPORATION’s business registration?

VIET TIEN GARMENT CORPORATION business registration is 0300401524

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