X20 NAM DINH ONE-MEMBER COMPANY LIMITED

X20 NAM DINH ONE-MEMBER COMPANY LIMITED – A State-Invested Apparel Manufacturer with Strong Profit Growth

X20 NAM DINH ONE-MEMBER COMPANY LIMITED (CÔNG TY TNHH MỘT THÀNH VIÊN X20 NAM ĐỊNH) is a Vietnamese garment manufacturer specializing in the production of apparel, knitting products, and textiles. Established in 2017, the company operates as a state-invested enterprise, fully owned by X20 JOINT STOCK COMPANY, a well-known entity in Vietnam’s textile and garment industry. With its headquarters at Lot 1, Hoa Xa Industrial Park, My Xa Ward, Nam Dinh City, Nam Dinh Province, Vietnam, the company benefits from its strategic location in a key textile hub.

According to VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of business intelligence and financial risk assessment, X20 NAM DINH ONE-MEMBER COMPANY LIMITED has experienced strong financial growth, particularly in terms of profitability and asset expansion, despite a decline in revenue in 2023.

The company’s total assets increased by 23.19%, reaching USD 9.67 million, reflecting ongoing investments in production capacity and infrastructure. Equity improved by 7.6%, signaling financial stability and shareholder confidence. While total sales dropped by 9.51%, indicating market fluctuations or reduced demand, profitability surged by 57.33%, with net income rising to USD 621,154. This significant profit increase suggests improved operational efficiency and cost management, positioning the company for long-term growth in the competitive garment industry.

As a major textile producer, X20 NAM DINH ONE-MEMBER COMPANY LIMITED supplies high-quality clothing, textiles, and knitted products to both domestic and international markets. The company operates across multiple business segments, including wholesale of clothing and footwear, fabric finishing, and textile retail sales. With 2,000 employees, the company plays an essential role in Vietnam’s textile supply chain, contributing to the growth of the country’s apparel exports.

Despite its positive financial performance, VANGUARD BUSINESS INFORMATION LLC (VBI) highlights that the decline in revenue could indicate shifting market trends, supply chain disruptions, or increased competition in the garment sector. However, with a strong equity base and rising profitability, the company remains well-positioned to navigate industry challenges and sustain continued financial growth.

With its strong government backing and established production capacity, X20 NAM DINH ONE-MEMBER COMPANY LIMITED remains a key player in Vietnam’s textile and apparel manufacturing sector. The company’s branch in Hanoi further strengthens its domestic distribution network, allowing it to expand its market reach and serve a wider customer base. For more information, visit www.x20namdinh.com.vn or contact x20namdinh@gmail.com.