XDD TEXTILE COMPANY LIMITED

XDD TEXTILE COMPANY LIMITED (CÔNG TY TNHH XDD TEXTILE) is a 100% foreign-invested enterprise that plays a significant role in Vietnam’s textile manufacturing sector, particularly in the spinning of cotton yarn, denim yarn, and weaving denim fabric. The company is legally registered under Tax Code: 4300726431, with headquarters located at No. 1A, Road 6A, Vietnam-Singapore Industrial Park, Tinh Phong Commune, Son Tinh District, Quang Ngai Province, Vietnam.

Established in December 2013, XDD TEXTILE COMPANY LIMITED has grown to employ over 2,000 workers across its manufacturing base in Quang Ngai Province. However, the company’s 2023 financial performance reveals several risk signals that merit attention. Total assets dropped to USD 178.92 million, a 10.57% decrease from the prior year. Revenue declined 11.39% to USD 163.45 million, while net profit swung to a loss of USD 7.27 million, reflecting a sharp downturn from positive earnings in 2022.

Despite a solid equity base of USD 100.39 million and a sizable working capital of USD 64.52 million, the reversal in profit trajectory and declining asset value warrant caution, especially for trade creditors and strategic partners. Ownership is split between TIME KING INVESTMENT (SINGAPORE) PTE. LTD. (51.6%) and SMART FORCE (HK) LIMITED (48.4%), signaling a strong link to Asian capital markets.

The company is led by General Director Ms. Wang X. P., who oversees operations in spinning, weaving, and finishing of textiles. Given the volatile profitability and exposure to shifts in global textile demand, conducting thorough due diligence on operational efficiency and contract obligations is advisable.

To support such evaluations, Vanguard Business Information LLC (VBI) offers trusted services such as business verification, Vietnam litigation reports, and private financial data analysis—essential tools for assessing risk and opportunity when dealing with large-scale FDI manufacturers like XDD TEXTILE COMPANY LIMITED.