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Tong Cong Ty Viet Thang-Ctcp (Vietnam)

Main Activities: Textile Product Mills
Full name: Tong Cong Ty Viet Thang-Ctcp Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Tong Cong Ty Viet Thang-Ctcp, also known as Viet Thang Corporation, is a joint stock company located in Ho Chi Minh municipality, Vietnam. The company was originally established in 1960 as Viet My Textile and Yarn Industry Company (VIMYTEX) and was later nationalized by the state in 1975. Over the years, the company underwent several reorganizations and name changes before being equitized and transformed into Viet Thang Textile Joint Stock Company in 2007. It is currently known as Viet Thang Corporation. Viet Thang Corporation is involved in various business lines, including the production and trading of cotton products, fibers, fabrics, and garments. They also trade machinery, equipment, spare parts, chemicals, and raw materials for the industry and construction sectors. Additionally, the company is engaged in civil and industrial construction, real estate business, installation of machinery and equipment, and goods transportation by car. The company operates several subordinate factories, including a Yarn Factory and a Textile Factory. It also has subsidiaries such as Viet Thang Garment Joint Stock Company and Binh An Textile and Garment NPL Joint Stock Company. Viet Phu Textile Co., Ltd. and Viet Thang-Luch I Company are among its affiliated companies. The Chairman of the Board of Directors is Mr. Le Tien Truong, and the General Director is Mr. Nguyen Quang Minh. Viet Thang Corporation has received various honors and awards, including Labor Medals, the Order of Independence, and Certificates of Merit from the Prime Minister, Ho Chi Minh City People's Committee, Ministry of Industry and Trade, and Vietnam Textile and Garment Group. The company has also achieved ISO 9002, ISO 14001, and SA 8000 certifications for its management system. It is recognized as a high-quality Vietnamese goods and a strong Vietnamese brand, and has won numerous awards at domestic and foreign fairs. Viet Thang Corporation is considered a leading enterprise in Vietnam's textile industry.

Headquarters
127 Le Van Chi, Linh Trung Ward, Thu Duc District
Ho Chi Minh municipality; South Eastern Vietnam; Postal Code: 70

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Website: http://www.vietthang.com.vn

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1962
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Managing Director
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Vice Chief Executive Officer
Ownership Details
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46.93%
Company Performance
Financial values in the chart are available after Tong Cong Ty Viet Thang-Ctcp report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency VND. Absolute financial data is included in the purchased report.
Net sales revenue
-14.04%
Total operating revenue
-14.12%
Operating profit (EBIT)
-51.92%
EBITDA
-27.69%
Net Profit (Loss) for the Period
-77.03%
Total assets
-19.69%
Total equity
-7.42%
Operating Profit Margin (ROS)
-2.03%
Net Profit Margin
-2.07%
Return on Equity (ROE)
-6.68%
Debt to Equity Ratio
-34.81%
Quick Ratio
-0.15%
Cash Ratio
-0.04%

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