WINNITEX VIETNAM TEXTILE LIMITED

WINNITEX VIETNAM TEXTILE LIMITED (CÔNG TY TNHH DỆT NHUỘM KHÁNH NGHIỆP VIỆT NAM)is a foreign-invested enterprise (FDI) operating in Hai Ha Industrial Park, Quang Ha Town, Hai Ha District, Quang Ninh Province, with an additional branch in Hai Yen Industrial Park, Mong Cai City. The company, established on January 26, 2016, under Business ID 5701795272, specializes in textile finishing, fabric manufacturing, and dyeing for export markets.

Managed by Mr. Qiu D. Q., a Chinese national serving as Chairman cum Vice General Director, WINNITEX VIETNAM TEXTILE LIMITED is 100% owned by WINNITEX (VIETNAM) COMPANY LIMITED (Hong Kong). The company employs approximately 825 staff, reflecting a significant investment scale and contribution to the industrial growth of northern Vietnam.

The firm focuses on the manufacture and dyeing of woven and synthetic fabrics, supplying global apparel manufacturers with quality materials for export-oriented garment production. Its operations combine modern dyeing technology, high environmental standards, and vertically integrated production lines capable of handling both weaving and finishing processes.

Financially, as of 2023, WINNITEX VIETNAM TEXTILE LIMITED reported total assets of USD 101.31 million and sales of USD 102.31 million, marking a revenue decline of 8.4% from the previous year. The company recorded a net loss of USD 1.9 million, reversing the profitable trend of 2021–2022, mainly due to a contraction in global demand and higher energy and raw material input costs. Equity decreased slightly to USD 20.44 million, while working capital stood at USD -26.91 million, signaling tight short-term liquidity as the company maintains extensive inventories and accounts payable common in capital-intensive manufacturing.

Despite the temporary loss, WINNITEX VIETNAM remains well-capitalized and strategically positioned. Its asset base expanded by 16.3% in 2023, showing continued reinvestment and facility upgrades. Backed by its Hong Kong parent company and an experienced management team, the firm is expected to recover alongside the global textile and apparel supply chain's rebound.

With over nine years of operation, WINNITEX VIETNAM TEXTILE has built a solid reputation for quality fabric dyeing and finishing in Vietnam’s textile industry, particularly among international brands seeking consistent quality and compliance with global environmental standards. The financial data presented here is current through 2023; for the most recent updates—including the 2024 performance figures and credit analysis—the latest version of the company’s report is available on VNBIS.

Based on verified data compiled and analyzed by VANGUARD BUSINESS INFORMATION LLC (VNBIS), Vietnam’s leading provider of corporate intelligence, financial data, and risk assessment.