YEN OF LONDON COMPANY LIMITED

YEN OF LONDON COMPANY LIMITED (Vietnamese name: CÔNG TY TRÁCH NHIỆM HỮU HẠN YEN OF LONDON) is an FDI-owned one-member limited liability company operating in Vietnam’s export-oriented garment manufacturing sector. The company was established on 05 February 2008, holds Business ID/Tax Identification Number (TIN) 0200461255, and is headquartered at Pham Van Dong Street, Duong Kinh Ward, Hai Phong City, Vietnam. With more than 17 years of operating history, the company has built a stable manufacturing footprint in northern Vietnam’s textile and apparel supply chain.

Legal status and ownership

YEN OF LONDON COMPANY LIMITED is legally structured as a one-member limited liability company with foreign direct investment (FDI) status. The company’s paid-up capital reached approximately USD 5.09 million as of the end of 2024, exceeding its registered charter capital, reflecting capital reinforcement over time. Ownership is 100% held by New World Fashion Limited, an offshore parent company based in the British Virgin Islands, indicating integration into an international fashion and sourcing group rather than a purely domestic apparel producer.

Core business activities

The company specializes in the manufacture and processing of wearing apparel, excluding fur products. Its registered business lines also include the production of knitted and crocheted garments, as well as selected wholesale and support activities related to machinery and industrial inputs. Operationally, YEN OF LONDON COMPANY LIMITED functions as a contract manufacturer, serving overseas buyers and brand owners through large-scale, labor-intensive garment production. The company employs approximately 500 workers, positioning it as a mid-sized apparel factory by Vietnamese industry standards.

Management and key personnel

Corporate governance is relatively concentrated. Pham M. N. serves as Chairman, while executive management is led by Pham C. Y., Chief Executive Officer. Pham T. B. H., Chief Accountant, handles financial oversight. The management team is Vietnamese, which is common among FDI garment manufacturers, where local leadership manages day-to-day production. At the same time, ownership and commercial direction are driven by the foreign parent group.

Financial performance and recent trends

Financially, YEN OF LONDON COMPANY LIMITED has shown a clear recovery trajectory over the past three years. In 2024, the company recorded total assets of USD 24.92 million, reflecting a 13.34% year-on-year decline, mainly due to balance-sheet optimization rather than operational contraction. Owner’s equity increased to USD 4.31 million, up 23.39% year-on-year, signaling retained earnings and improved capital strength.

Total sales reached USD 83.03 million in 2024, remaining broadly stable despite a slight 1.93% year-on-year decline, which is notable given the volatility experienced across the global apparel sector. More importantly, profit rose sharply to USD 816,954, representing a 100.74% increase compared with 2023 and a complete turnaround from losses recorded in 2022. Working capital improved dramatically to USD 1.51 million, a 566.94% year-on-year increase, pointing to much healthier short-term liquidity and operating cash flow management.

Business outlook and risk considerations

As a garment manufacturer, YEN OF LONDON COMPANY LIMITED operates in a highly competitive and margin-sensitive industry exposed to fluctuations in global demand, labor costs, and buyer concentration risk. However, the company’s strong profit rebound and rising equity suggest improved operational efficiency and better order quality in recent years. The presence of a single foreign parent also implies both stability in order flow and potential dependency on group-level sourcing decisions.

For buyers, suppliers, and financial institutions, assessing counterparties like YEN OF LONDON COMPANY LIMITED requires more than surface-level revenue figures. A deeper understanding of ownership structure, intercompany relationships, economic resilience, and payment behavior is essential.

As a leading provider of business intelligence, financial analysis, and risk assessment services, VANGUARD BUSINESS INFORMATION LLC delivers comprehensive company profile reports, financial reports, and due diligence insights on YEN OF LONDON COMPANY LIMITED and hundreds of thousands of other Vietnamese enterprises, supporting informed decision-making across Vietnam’s manufacturing and export sectors.