Best Pacific Vietnam Company Limited (Vietnam)

Founded in late 2015 in Hai Duong Province, the subject is engaged in manufacturing fabric and textile products to supply to famous underwear manufacturers as AIMER, CHANTELLE, EMBRY FORM, TRIUMPH, VICTORIA'S SECRET, etc. It increased its charter capital continuously in the early years of operation to expand its business and it is ranked as an Extremely Large company. The investment in the facility was huge with VND 2,929.4 billion of Historical costs of Tangible assets at the year-end of 2022. Despite being affected by Covid-19, the subject's operation still gained good business results in 2020 and 2021. In 2022, net sales decreased slightly by 1.95% to VND 2,417.2 billion. Due to the increase of costs and financial expenses, net income dropped by 43.07% to VND 187.7 billion last year. Anyway, profitability was still impressive. Having a huge amount of Owner's investment capital, efficient operation as well as re-investment policy, the capital structure was safe. In general, Default Risk is assessed at low.