Song Hong Garment

What Song Hong Garment does

Song Hong Garment is a Vietnamese publicly traded company that engages in the manufacture and trade of garments and bedding products. Founded in 1988 and headquartered in Nam Dinh, Vietnam, the company is listed on the Ho Chi Minh Stock Exchange under the ticker MSH (HOSE:MSH). The firm operates with a lean reported headcount of 11-50 employees, consistent with a small-cap public entity that likely relies on outsourced production capacity typical of Vietnamese apparel manufacturers serving both domestic and export-oriented markets.

The company's financial profile shows revenue volatility across the 2021-2025 period, with a peak in 2022 (~$9.4M USD equivalent), a notable decline in 2023 (~$7.5M equivalent), and a recovery trajectory through 2024 and 2025 (~$8.3M-$8.4M equivalent). Despite revenue fluctuations, EBITDA and net income have shown stronger recovery, with 2025 EBITDA reaching ~$31.6M equivalent and net income at ~$23.3M equivalent, indicating improving operating leverage. Enterprise value has grown substantially from ~$78.3B equivalent in 2022 to ~$143.6B equivalent in 2025, reflecting either market cap expansion or improved earnings expectations.

No public source material beyond a placeholder website loading page is available to substantiate additional details on customer relationships, product portfolio composition, geographic distribution, or strategic initiatives. The company appears to operate within Vietnam's established garment manufacturing ecosystem, which is highly export-oriented, though specific go-to-market details, customer logos, and channel strategies are not disclosed in the available data.

Name

Song Hong Garment

Website

https://songhong.vn

Company type

Private

Founded year

1988

Headcount range

11–50 employees

Short description

Song Hong Garment is a Vietnamese publicly traded manufacturer of garments and bedding products, founded in 1988 and headquartered in Nam Dinh, Vietnam, listed on the Ho Chi Minh Stock Exchange (HOSE:MSH).

Ownership category

akta.pro rank

Product category

Apparel Manufacturing

NAICS

Apparel Manufacturing (315), Cut and Sew Apparel Manufacturing (except Contractors) (31525), Textile Furnishings Mills (3141)

SIC

Men's & Boys' Furnishgs, Work Clothg, & Allied Garments (2320), Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300)

akta.pro primary industry

Denim & Bottoms Cut & Sew (Jeans/Trousers/Shorts) (IMAOAEAD)

akta.pro secondary industries

Tops & Shirts Cut & Sew (T-Shirts/Shirts/Blouses) (IMAOAEAE), Outerwear & Cold-Weather Apparel Manufacturers (CRAAAAAI)

Keywords

• Garment manufacturing
• Bedding products
• Apparel production
• Home textiles
• Textile trade

Headquarters

HQ city

Nam Dinh

HQ country

Vietnam

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure

Core offering

Song Hong Garment engages in the manufacture and trade of garments and bedding products. The company operates as a Vietnam-based apparel and home textile manufacturer, producing finished garments and bedding items for distribution to external buyers. Founded in 1988 and headquartered in Nam Dinh, it is publicly listed on the Ho Chi Minh Stock Exchange.

Differentiator

Problem solved

Functional benefit

Products and services

• Garments Manufactured apparel items produced and traded by Song Hong Garment for external buyers in the textile and apparel supply chain.
• Bedding Products

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Direct peers

• Hanosimex JSC: Vietnamese textile exporter listed on HOSE focused on woven fabrics and garments for export. Comparable given shared Vietnam cost base, woven apparel output, and export-led revenue model.
• Phong Phu Corporation: Vietnamese textile and garment group (HOSE: PP) covering spinning, fabric, and garment operations. Comparable as a multi-product textile manufacturer with both apparel and home-textile exposure.
• Nha Be Garment Corporation: One of Vietnam's longest-running garment manufacturers (formerly state-owned), producing woven apparel and uniforms. Comparable given similar CMT/cut-and-sew model and HOSE-listed structure.
• TNG Investment and Trading JSC: Vietnamese cut-and-sew garment manufacturer listed on HOSE (TNG) producing apparel for international brands. Closest direct comparable given overlapping customer base, similar size band, and shared Vietnam cost structure.
• An Phuoc Textile Garment JSC: Vietnam-based garment producer serving global apparel brands with cut-and-sew capabilities. Comparable on product type (finished garments), customer base, and Vietnam manufacturing footprint.
• Thanh Cong Textile Garment Investment Trading JSC: Vietnamese garment-textile manufacturer (HOSE: TCM) covering spinning, weaving, and garment assembly. Comparable as a vertically integrated apparel maker serving global buyers from Vietnam.

Broad incumbents

• Vietnam National Textile and Garment Group (Vinatex): State-owned parent of dozens of Vietnamese garment and textile subsidiaries. Comparable as the dominant broad incumbent in Vietnam's apparel industry, encompassing spinning, weaving, and finished garments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Song Hong Garment