VIETNAM SHOE MAJESTY CO.,LTD

VIETNAM SHOE MAJESTY CO., LTD (CÔNG TY TNHH SẢN XUẤT GIÀY UY VIỆT) is a wholly foreign-invested enterprise specializing in the manufacture of leather footwear for export markets. The company was established on July 30, 2003, and operates as a one-member limited liability company under Tax Code: 3500612775, with its head office located at Dong Xuyen Industrial Park, Rach Dua Ward, Vung Tau City, Ba Ria - Vung Tau Province, Vietnam.

VIETNAM SHOE MAJESTY CO., LTD is owned entirely by SHOE MAJESTY CO., LTD, a company registered in the British Virgin Islands. With over 7,000 employees and modern production lines at its factories in both Dong Xuyen and Chau Duc Industrial Parks, the company plays a leading role in Vietnam’s footwear export sector. At the executive level, Mr. Liang H. H., a Taiwanese national, serves as Chairman, while Ms. Ha T. T. T., a Vietnamese national, acts as General Director. Ms. Pham N. T. T. holds the position of Chief Accountant.

Financially, the company experienced a challenging year in 2023. Although total assets increased to USD 90.62 million(up 5.66% from the previous year) and owner’s equity grew to USD 68.16 million (a 9.07% increase), sales dropped sharply to USD 151.3 million, down nearly 30% from 2022. More notably, net profit declined by 73.03%, falling from USD 14.04 million in 2022 to only USD 3.79 million in 2023. While the company maintains strong working capital of USD 47.51 million, the sharp contraction in both revenue and profit signals increased cost pressures or weakened global demand.

Despite this recent setback, VIETNAM SHOE MAJESTY CO., LTD remains financially healthy and operationally resilient. With a high level of equity and substantial liquidity reserves, the company is well-positioned to weather short-term market disruptions. Strategic adjustments in production efficiency and market diversification may be needed to restore earnings momentum in upcoming years. As a long-established exporter, VIETNAM SHOE MAJESTY CO., LTD continues to be a key player in Vietnam’s footwear manufacturing landscape.