VIETNAM SAMHO CO., LTD

VIETNAM SAMHO CO., LTD, locally known as Công Ty TNHH Việt Nam Samho, is a wholly foreign-owned enterprise with deep roots in Vietnam’s footwear manufacturing sector. Established on October 17, 2007, the company operates under Business ID 0300812669. It is legally registered as a one-member limited liability company with the Ho Chi Minh City Department of Planning and Investment. Its central manufacturing facility is  No. 1243, Provincial Road 8, Thanh An Hamlet, Trung An Commune, Cu Chi District, Ho Chi Minh City.

The company is wholly owned by SAMHO IND CO., LTD of South Korea and is managed by a Korean leadership team. Mr. Park Y. H. serves as chairman, and Mr. Sun Y. K. holds the role of general director. Ms. Phan T. M., a Vietnamese national, oversees financial operations as Chief Accountant. The company employs around 6,000 workers, highlighting its scale and contribution to local employment.

VIETNAM SAMHO specializes in the manufacturing and processing sports shoes, supplying major global brands. It also holds registered licenses in apparel manufacturing and medical and dental services, though footwear remains the core business.

Despite its strong production capabilities and international connections, the company has faced growing financial pressure recently. In 2023, VIETNAM SAMHO recorded USD 117.95 million in revenue, a  49.54% drop from the previous year. This steep decline was matched by a net loss of USD 5.94 million, following losses in 2021 and 2022. Notably, owner's equity has fallen deeply into negative territory, reaching -USD 39.35 million, while total assets declined to USD 45.91 million, down from over USD 70 million just two years prior. Working capital was also negative at USD -47.11 million, indicating severe short-term liquidity stress

These figures signal that while the company retains its operational scale and export focus, it is under financial strain—likely due to shifting global demand, increased input costs, or pressure from contract manufacturers across Asia. As the footwear export industry becomes more competitive and margin-sensitive, manufacturers like VIETNAM SAMHO face intense scrutiny from clients and creditors.

Verifying the creditworthiness and ongoing viability of large exporters like this is crucial for stakeholders—whether buyers, suppliers, or financial institutions. VANGUARD BUSINESS INFORMATION LLC (VNBIS) offers in-depth due diligence reports, financial risk ratings, and operational assessments to help companies make informed decisions when engaging with major manufacturing entities in Vietnam.