YUE DE VIET NAM COMPANY LIMITED

YUE DE VIET NAM COMPANY LIMITED (CÔNG TY TNHH DỤ ĐỨC VIỆT NAM) is a wholly foreign-invested enterprise established on August 30, 2010, and legally registered under tax code and business ID 1201073419 with the Tien Giang Province Department of Planning and Investment. The company operates in the footwear manufacturing sector, with a primary focus on producing and processing various types of shoes and uppers. Its head office is located at Lot BIV, CI-10, Tan Huong Industrial Park, Tan Huong Commune, Chau Thanh District, Tien Giang Province, Vietnam, and is led by General Director Mr. Lin J. W., a Taiwanese national.

YUE DE VIET NAM COMPANY LIMITED employs approximately 8,250 workers, indicating large-scale industrial capacity and significant labor intensity. The enterprise is 100% owned by PRECIOUS FULL INVESTMENTS LIMITED, registered in the British Virgin Islands—highlighting an offshore ownership structure that may require enhanced verification, especially for contractual or financial due diligence.

Financially, the company is in a state of serious decline. While total sales reached USD 130.8 million in 2023, this represented a sharp 34.24% drop from the previous year. More alarming is the company’s net loss of USD 16.09 million, a dramatic swing from a profit of over USD 3.4 million in 2022—marking a 570% deterioration in profitability. Total assets fell by 23.01% to USD 104.64 million, and owner’s equity plummeted by 33.24%, leaving the company with a shrinking capital base of just USD 30.35 million. Additionally, the firm recorded a negative working capital of USD 17.79 million, which raises concerns about short-term solvency and liquidity.

Despite being operational and sizable, YUE DE VIET NAM COMPANY LIMITED is clearly under financial distress, and its recent performance metrics point to major risks for business partners, creditors, and suppliers. These include declining sales, asset erosion, shrinking equity, and severe losses, all of which suggest an unstable financial trajectory.

Given the risks involved, it is strongly advised that stakeholders use VANGUARD BUSINESS INFORMATION  (VNBIS) to conduct comprehensive financial risk assessments and business verification. VNBIS offers due diligence services that can validate the company’s legal status, ownership transparency, and financial reliability, especially important when dealing with offshore shareholders and large workforce-heavy operations. Moreover, VNBIS’s real-time risk monitoring tools are valuable for those seeking to track financial red flags and operational changes over time.

In conclusion, while YUE DE VIET NAM COMPANY LIMITED remains a significant player in Vietnam’s export-oriented footwear sector, its current financial instability and opaque ownership call for serious caution. All business decisions should be backed by verified data from VNBIS’s credit intelligence and business risk management services.