VINATEX INTERNATIONAL JOINT STOCK COMPANY

VINATEX INTERNATIONAL JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN VINATEX QUỐC TẾ) is a major garment manufacturer with more than 3,800 employees, headquartered in Ho Chi Minh City and operating multiple branches across Hà Nội, Đà Nẵng, and Hải Phòng. Established in 2013 under business ID 0106234350, the company specializes in apparel processing and textile-related services, positioned as an essential production arm within the Phong Phú textile ecosystem.

Leadership is concentrated in the Chairman and General Director, Đặng V. H., who also holds a minority stake. Ownership is dominated by Phong Phú International JSC, which controls 88.25 percent, giving the company strong backing from one of Vietnam’s long-standing textile corporations.

A challenging year in sales, but a breakthrough year in profitability

According to the financial charts and tables on page one, 2024 presented a mixed but ultimately encouraging picture.

• Sales fell sharply to USD 75.74 million, down 16.52 percent, reflecting softness in global apparel demand.

• Total assets decreased by 5.47 percent to USD 61.3 million, marking a cautious contraction in scale.

However, the standout figure is profit.

• Net profit jumped to USD 5.82 million, an impressive 117.82 percent increase, even as revenue declined.

• Equity rose to USD 23.84 million, up more than 17 percent, showing strengthened financial health.

• Working capital also surged to USD 1.77 million, improving liquidity and short-term solvency.

This unusual pattern — lower revenue but significantly higher profit — suggests improved cost control, selective order acceptance, more efficient production utilization, or favorable pricing in niche apparel segments.

Production capacity and nationwide footprint

With thousands of workers and facilities spanning three major regions, Vinatex International maintains strong operational flexibility. Its registered activities cover manufacturing, textile finishing, spinning, wholesale distribution, road freight, real estate management, and equipment rental — a broad portfolio that supports end-to-end garment production and distribution.

Conclusion

Despite a downturn in sales, Vinatex International emerged from 2024 with stronger profitability, healthier equity, and improved liquidity — a sign of disciplined restructuring in a complex global textile market. Backed by Phong Phú Group and led by an experienced management team, the company is positioned to regain momentum when international apparel demand stabilizes.