VIETNAM CHINGLUH SHOES CO., LTD

VIETNAM CHINGLUH SHOES CO., LTD: A Resilient Giant in Vietnam’s Footwear Manufacturing Landscape

VIETNAM CHINGLUH SHOES CO., LTD (CÔNG TY TNHH GIẦY CHING LUH VIỆT NAM) stands as a key pillar in Vietnam’s export-oriented footwear manufacturing sector. Established on May 15, 2008, the company is a wholly foreign-owned enterprise (FDI), operating under business ID and tax code 1100555173. With its headquarters located at Thuan Dao Industrial Park, Ben Luc District, Long An Province, VIETNAM CHINGLUH SHOES CO., LTD is part of the global Ching Luh Group and boasts a production scale that places it among the largest employers in Vietnam’s footwear industry.

Legal Status and Ownership Structure

Legally registered as a one-member limited liability company, VIETNAM CHINGLUH SHOES CO., LTD operates under the supervision of the Long An Department of Planning and Investment. It is fully owned by D.R.C CORPORATION, based in the British Virgin Islands, making it a 100% foreign-invested enterprise. The company’s charter capital stands at approximately USD 147.46 million, with USD 132.5 million paid up as of the end of 2023.

Management and Key Personnel

At the helm of VIETNAM CHINGLUH SHOES CO., LTD is General Director Mr. UMEMURA KENJI, a Japanese national, steering the company’s strategic operations and global integration. Supporting him is Ms. LE HUYNH HOA, the Chief Accountant, who plays a crucial role in managing the company’s financial health. The management team reflects a balance of international expertise and local market understanding, positioning the company well for both compliance and competitiveness.

Operations and Facilities

The core business activity of VIETNAM CHINGLUH SHOES CO., LTD is the manufacture and processing of footwear products. In addition to its main factory in Long An, the company operates multiple large-scale facilities in Vinh Long Province, including industrial plots in Binh Minh and Hoa Phu Industrial Parks. These facilities collectively employ nearly 35,000 workers, according to the parent group’s disclosures, with 19,683 employees directly reported in this company alone.

Aside from footwear production, the company is also registered to conduct property trading, management consultancy, printing, and specialized wholesale activities. This indicates both vertical integration ambitions and operational diversification, especially within manufacturing and support services.

Financial Performance

Despite a challenging global environment, VIETNAM CHINGLUH SHOES CO., LTD achieved notable financial milestones in 2023. Total assets reached USD 202.26 million, with owner’s equity improving by 7.05% to USD 110.34 million. While sales declined slightly by 5.24% to USD 217.54 million from USD 229.57 million in 2022, the profit rebounded dramatically—rising from a loss of USD 1.06 million to a net profit of USD 7.27 million. This represents an extraordinary profit growth of 786.12%, showcasing the company’s strong recovery and operational efficiencies.

However, the company reported negative working capital of USD -12.3 million, which may reflect short-term financial constraints or heavy reinvestment in production capabilities. Nonetheless, its overall net worth rose to USD 107.04 million, solidifying its standing in the industry.

Strategic Outlook

VIETNAM CHINGLUH SHOES CO., LTD remains a resilient and dynamic player in Vietnam’s manufacturing sector, leveraging its international backing, workforce scale, and modern production infrastructure. While market fluctuations impacted sales, the company’s turnaround in profitability and equity growth underlines its strong management and adaptive strategy.

For partners, investors, and clients seeking further insights or risk assessments, VANGUARD BUSINESS INFORMATION LLC (VBI) offers in-depth verification, litigation checks, and financial due diligence on VIETNAM CHINGLUH SHOES CO., LTD. Comprehensive company reports are available for purchase via https://www.vnbis.com.