VUNG TAU ORIENT CO.,LTD

VUNG TAU ORIENT CO., LTD (CÔNG TY TNHH ĐÔNG PHƯƠNG VŨNG TÀU) is one of the largest foreign-invested manufacturers in Bà Rịa – Vũng Tàu, employing more than 2,500 workers and operating inside the strategic Đông Xuyên Industrial Park. With a legal foundation established in 2005 under Business ID 3500690808, the company enjoys a strong capital base of USD 28.9 million, fully paid up, and complete foreign ownership through Dona Orient Holdings Limited, based in the British Virgin Islands. Its core production line focuses on manufacturing golf balls and accessories for global brands such as Nike, positioning the company squarely within the global sporting-goods supply chain.

However, the financial picture of VUNG TAU ORIENT reveals a more complicated story. Sales surged to USD 96.55 million in 2023 following two years of substantial expansion. Yet, profit collapsed to negative USD 3.62 million, an alarming reversal with a year-over-year drop of more than 843 percent. Total assets continued climbing while working capital remained negative at USD –7.76 million, suggesting liquidity tightness, high operational costs, or pressure from large-scale production commitments. Even though equity increased, the deepening losses raise questions about cost control, inventory dynamics, contractual terms with global buyers, and external pricing pressures.

Governance is split between an American chairman and a Vietnamese general director, giving the company a hybrid leadership model that supports cross-border coordination but can also create internal stress during periods of financial volatility. For a manufacturer operating in a high-pressure export-oriented sector, sharp swings in profit typically signal deeper structural issues that require careful review.

Readers who want to understand why a company with rising revenue and expanding assets continues to post widening losses will find the answers only in the full VNBIS Comprehensive Report. The updated FS2024, cash-flow mapping, debt movement, supply-chain risks, and litigation screening will reveal whether VUNG TAU ORIENT is facing a temporary operational setback or a more fundamental structural challenge.