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VIETNAM DE LICACY INDUSTRIAL CO.,LTD

Active

Business ID 3702424277

84-274 / 3803 161

VIETNAM DE LICACY INDUSTRIAL CO.,LTD

Active

Business ID 3702424277

84-274 / 3803 161

VIETNAM DE LICACY INDUSTRIAL CO.,LTD

Active

Summary

Name:

VIETNAM DE LICACY INDUSTRIAL CO.,LTD

Business ID (TIN):

3702424277

Date of Registration:

17 Dec 2015

Registered Office:

Binh Duong Province Department of Planning and Investment

Address:

Lot A-10-CN, Bau Bang Industrial Park, Lai Hung Commune, Bau Bang District, Binh Duong Province, Vietnam

Phone:

84-274 / 3803 161

Financial Statement:

2020, 2021, 2022, 2023, 2024

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.

Legal Profile

English Name:

VIETNAM DE LICACY INDUSTRIAL CO.,LTD

Vietnamese Name:

CÔNG TY TNHH CÔNG NGHIỆP DE LICACY VIỆT NAM

Business ID (TIN):

3702424277

Date of Registration:

17 Dec 2015

Registered Office:

Binh Duong Province Department of Planning and Investment

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

YEH, W

Address:

Lot A-10-CN, Bau Bang Industrial Park, Lai Hung Commune, Bau Bang District, Binh Duong Province, Vietnam

Phone:

84-274 / 3803 161

Business Sector

Key business lines:

VSIC:

1311 Spinning of textile fibres

NACE:

13.10 Preparation and spinning of textile fibres

Industry Sales Growth

CAGR (2019 - 2023)

2.75%

YoY (2023)

-7.45%

Companies by industry

Company distribution and propportions

1,268

0.0436%

Key Industry Players

Top 10 companies in spinning of textile fibres industry

formosa industries corporation hs hyosung viet nam company limited coats phong phu limited liability company renze textile joint stock company brotex (vietnam) co., ltd yinlong technology company limited hyosung dong nai company limited galaxy technology company limited far eastern polytex (viet nam) limited shundao (vietnam) industrial company limited

Payment History

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Financial Performance

Assets	-27.39%
Owner’s Equity	54.71%
Working Capital	0.18%
Net Worth	67.45%
Sales	-22.23%
Operating income	27.52%
EBIT	-57.14%
Gross Profit Margin	-79.08%
Debt to EBITDA	58.80%

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Specific Questions About VIETNAM DE LICACY INDUSTRIAL CO.,LTD

When did VIETNAM DE LICACY INDUSTRIAL CO.,LTD start operating?

VIETNAM DE LICACY INDUSTRIAL CO.,LTD was started in 17 Dec 2015

What industry does VIETNAM DE LICACY INDUSTRIAL CO.,LTD operate in?

VIETNAM DE LICACY INDUSTRIAL CO.,LTD is operating in "Spinning of textile fibres" industry

How can I contact VIETNAM DE LICACY INDUSTRIAL CO.,LTD?

VIETNAM DE LICACY INDUSTRIAL CO.,LTD phone numbers is 84-274 / 3803 161

What adverse news is there about VIETNAM DE LICACY INDUSTRIAL CO.,LTD?

VIETNAM DE LICACY INDUSTRIAL CO.,LTD’s has no negative news

What is stock symbol of VIETNAM DE LICACY INDUSTRIAL CO.,LTD?

VIETNAM DE LICACY INDUSTRIAL CO.,LTD is not listed company

Where is the location of VIETNAM DE LICACY INDUSTRIAL CO.,LTD?

VIETNAM DE LICACY INDUSTRIAL CO.,LTD is located at Lot A-10-CN, Bau Bang Industrial Park, Lai Hung Commune, Bau Bang District, Binh Duong Province, Vietnam

What is VIETNAM DE LICACY INDUSTRIAL CO.,LTD’s business registration?

VIETNAM DE LICACY INDUSTRIAL CO.,LTD business registration is 3702424277

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VIETNAM DE LICACY INDUSTRIAL CO.,LTD

VIETNAM DE LICACY INDUSTRIAL CO.,LTD

VIETNAM DE LICACY INDUSTRIAL CO.,LTD

Strong Asset Base with Steady Capital Commitment

Financial Performance: Declining Sales but Rebounding Profit

Operational Scale and Workforce

Leadership and Ownership

Conclusion

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VIETNAM DE LICACY INDUSTRIAL CO.,LTD

VIETNAM DE LICACY INDUSTRIAL CO.,LTD

VIETNAM DE LICACY INDUSTRIAL CO.,LTD

Strong Asset Base with Steady Capital Commitment

Financial Performance: Declining Sales but Rebounding Profit

Operational Scale and Workforce

Leadership and Ownership

Conclusion

Company Profile Report

Company Standard Report

Comprehensive Report

GET IN TOUCH FOR EXCLUSIVE DEALS!

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