YOUNGONE NAM DINH CO.,LTD

YOUNGONE NAM DINH CO., LTD (CÔNG TY TNHH YOUNGONE NAM ĐỊNH) is a large-scale foreign direct investment (FDI) apparel manufacturer operating in Vietnam under Business ID 0600327800. Established in 2011 and headquartered in Hoa Xa Industrial Park, Nam Dinh Province, the company is wholly owned by South Korea’s YOUNGONE CORPORATION. Its General Director is Mr. Jinkook Kim, supported by Deputy General Director Mr. Minhaz Ahmed.

The company maintains a vast production footprint, employing over 10,000 people and managing branches in both Ho Chi Minh City and Hanoi. Its manufacturing lines focus on textile and knitwear products, backpacks, bags, shoes, and accessories for the global fashion industry.

Financially, YOUNGONE NAM DINH CO., LTD reported total sales of USD 294.74 million in 2023, down 4.69% from 2022. Profit also fell by 8.48% to USD 47.12 million. These declines follow a period of strong growth in 2021–2022, when the company’s profit had surged over 90% in a single year. Assets grew slightly by 1.28% to USD 296.77 million, while equity slipped by nearly 1% to USD 268.32 million. Working capital remains robust at USD 193.62 million, giving the company a solid liquidity buffer despite the recent softening in earnings.

The drop in profit and revenue signals pressure—likely from global demand fluctuations or cost increases in manufacturing. However, the company still generates substantial earnings and maintains a strong capital position. It’s not in distress, but the slowdown suggests that its growth curve may be flattening, at least in the short term.

For vendors, buyers, and financial institutions dealing with YOUNGONE NAM DINH CO., LTD, the fundamentals remain strong, but caution is warranted amid signs of deceleration. Risk monitoring and financial verification—such as services offered by VANGUARD BUSINESS INFORMATION LLC (VBI)—can provide added assurance when entering contracts or evaluating long-term reliability. While the company’s past performance speaks to operational efficiency, the current numbers suggest it’s entering a more competitive and possibly volatile phase.