VIETNAM DE LICACY INDUSTRIAL CO.,LTD

VIETNAM DE LICACY INDUSTRIAL CO., LTD (Công ty TNHH Công Nghiệp De Licacy Việt Nam) is a foreign-invested textile manufacturer located in Bau Bang Industrial Park, Binh Duong Province. Established in 2015, the company specializes in yarn manufacturing and fabric weaving, supplying materials to Vietnam’s fast-growing garment and footwear supply chains. 

Strong Asset Base with Steady Capital Commitment

Vietnam De Licacy operates with total assets of USD 172.5 million and maintains a solid equity level of USD 99.2 million, demonstrating long-term capital investment from its foreign parent company. Despite a decline in sales in 2023, the company achieved a notable improvement in profitability, with a significant surge in net profit, signaling improved production efficiency and tighter cost control.

Working capital also increased sharply, providing stronger liquidity and operational flexibility.

Financial Performance: Declining Sales but Rebounding Profit

Sales fell by approximately 12% in 2023, reflecting softer global textile demand; however, profit rose sharply after previous years of decline. This recovery suggests effective restructuring and better utilization of production assets.

The financial data also indicates a gradual stabilization of equity, positioning the company to withstand fluctuations in the global textile and apparel market.

Operational Scale and Workforce

With a workforce of around 1,000 employees, Vietnam De Licacy runs a sizeable textile manufacturing operation capable of producing yarns, woven fabrics, finished materials, and printed textiles. Its business registration also covers apparel manufacturing and wholesale activities, allowing for vertical integration within the textile supply chain.

Leadership and Ownership

The company is led by Yeh W. L., serving as General Director. Vietnam De Licacy is wholly owned (100%) by De Shen (Cayman) Holdings Co., Ltd, reflecting its status as a wholly foreign-owned manufacturing entity with strong offshore capital backing.

Conclusion

Vietnam De Licacy stands out as a high-capital, export-oriented textile manufacturer in one of Vietnam’s most competitive industrial zones. Although its sales contracted in 2023 due to global market headwinds, the impressive profit rebound and solid equity base demonstrate resilience and long-term commitment. As global demand recovers, the company is positioned to maintain a stable role in Vietnam’s textile material supply chain.