Broadpeak Soc Trang Company Limited (Vietnam)

Being invested wholly by YOUNGONE NAM DINH CO.,LTD, the subject specializes in manufacturing handbags/backpack, garments products, and so on. It is a member of YOUNGONE Group - the world's leading corporation in the field of manufacturing sportswear and outdoor apparel. The import markets are Taiwan, Hong Kong, South Korea, China, etc. Its products are exported to South Korea, The USA, EU Countries, Bangladesh, etc. Despite being established in 2017, its factory started operation since Apr 2018. Its business results in 2018–2022 periods seemed to be optimistic.Market demand for textile & garment products in 2024 is expected to improve compared to 2023, as the economic situation in Vietnam's major textile import markets is showing signs of recovery. Lending interest rates in Vietnam have currently decreased significantly, helping to reduce the pressure on interest costs on businesses. Besides the positive factors, there are still many difficulties and challenges in the Green transformation of Vietnam's textile & garment industry when major markets such as the EU tighten environmental protection standards with the Border Carbon Adjustment Mechanism (CBAM), Corporate Sustainability Due Diligence Directive (CSDDD), etc. In the long term, if the Red Sea situation continues to be tense, it will certainly affect new garment orders, specifically from Quarter 2/2024 onwards.