YODY FASHION JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN THỜI TRANG YODY), tax code 0801206940, has emerged as one of Vietnam’s most recognized fashion retail brands over the past eight years. Headquartered on An Dinh Street, Viet Hoa Ward, Hai Duong City, Hai Duong Province, YODY operates a wide chain of branded clothing stores and online platforms, making it a dominant player in the domestic fast fashion segment.
Founded on March 4, 2017, and operating as a privately held joint stock company, YODY has scaled remarkably in both store presence and revenue. By 2023, it had expanded to over 5,500 employees with major branches in Nam Dinh, Bac Giang, and Quang Ninh. The company specializes in the retail sale of clothing, footwear, and leather goods in specialized stores, all under the YODY brand, while also holding business licenses in advertising, logistics, design, and market research—indicative of a vertically integrated growth strategy.
Financially, YODY’s growth in revenue and assets has remained strong, though its profitability has recently contracted. In 2023, the company reported USD 119.11 million in sales, an increase of 6.19% year-on-year, and USD 78.71 million in total assets, up 30.02%. Equity reached USD 25.09 million, rising modestly by 1.77%, reflecting retained earnings and cautious capital expansion. However, net profit dropped sharply by 77.16% to USD 1.36 million, signaling rising costs, possibly linked to expansion, inventory, or marketing pressure. At the same time, working capital declined 18.29%, landing at USD 8.76 million, which may point to tighter liquidity amid rapid scaling.
The company’s General Director is Mr. Nguyen V. H., who also holds the largest shareholder stake at 37.88%, followed by Mr. Nguyen T. T. (23.62%) and several other individuals. The firm’s ownership remains concentrated in Vietnamese nationals, with no foreign ownership recorded in official filings. Despite its size and growth, the shareholder structure has not been updated in the latest business license, and business verification of current equity holders should be prioritized for those conducting due diligence.
From a risk management perspective, YODY appears financially stable in the short term, but its profit volatility and declining working capital warrant attention. While revenue growth continues, the steep drop in net income suggests operational costs are increasing faster than sales, a common risk in the retail apparel industry, especially in periods of aggressive expansion.
For analysts working with Vietnam private financial data, YODY represents a high-growth, mid-margin enterprise whose strategic decisions in the coming years—particularly around cost control and digital transformation—will determine whether it remains a national retail leader or faces market saturation pressures.
In conclusion, YODY FASHION JOINT STOCK COMPANY is a top-tier fashion retailer in Vietnam with strong brand recognition, a large workforce, and expanding nationwide presence. Its ability to sustain profit while continuing to grow will define its long-term trajectory in the competitive Vietnamese retail landscape.
14.60%
11.91%
4,689
0.1617%
Assets | -3.06% |
Owner’s Equity | 53.18% |
Working Capital | -13.70% |
Net Worth | -27.95% |
Sales | -72.93% |
Operating income | -81.71% |
EBIT | 77.69% |
Gross Profit Margin | -44.04% |
Debt to EBITDA | -19.91% |
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