Thanh Cong Textile Garment Investment Trading JSC

What Thanh Cong Textile Garment Investment Trading JSC does

Thanh Cong Textile Garment Investment Trading JSC (HOSE: TCM) is a Vietnamese vertically integrated textile and garment manufacturer founded in 1976, privatized in July 2006, and listed on the Ho Chi Minh City Stock Exchange in October 2007 with E-Land Asia Holdings (Korea) holding roughly 43% as controlling strategic shareholder. The company operates six coordinated divisions — Spinning, Weaving, Knitting, Dyeing and Finishing, Sewing, and an R&BD Center — delivering end-to-end production from raw fiber to finished apparel. Headquartered in Ho Chi Minh City with additional production sites in Tay Ninh and Vinh Long provinces, Thanh Cong employs more than 5,000 workers and reports annual capacities of 10,000 tons of yarn, 9.6 million meters of woven fabric, 15,000 tons of knitted fabric, 10 million meters of dyed woven fabric, 8,400 tons of dyed knitted fabric, and 26 million finished garments.

The manufacturing platform imports equipment from Japan, Europe, Korea, Taiwan, and the USA, including 75,000 spindles with 320 VORTEX units, 200 fabric knitting machines, 136 collar knitting machines, and proprietary sustainable processes covering waterless dyeing, CO2 dyeing, and the ANTI-BAC ZinC antibacterial fabric (99.99% effectiveness after 20 washes). The R&BD Center coordinates research across all five production stages, and a two-phase ERP deployment with World Fashion Exchange (October 2022 to expected February 2024 completion) is standardizing merchandising, production, quality, and BI analytics across the chain. The vertical architecture functions as a closed quality and lead-time control mechanism but exposes the business to capital intensity, working-capital drag tied to fiber inventory, and exposure to cotton/yarn price volatility.

Thanh Cong generates revenue primarily through B2B export manufacturing for global apparel brands, with disclosed customers including SanMar, Eddie Bauer, adidas, Columbia Sportswear, and New Balance, and shipments reaching 45 countries across Europe, Asia, and North America. Pricing is quote-based B2B and not publicly disclosed; sector commentary indicates a 5% revenue decline and 2% profit decline in the first 10 months of 2025 amid US-China trade frictions and order fragmentation. A secondary revenue stream comes from real estate development, anchored by the TC Tower project in cooperation with DBFS, signaling a measured diversification of the asset base beyond textile manufacturing.

Name

Thanh Cong Textile Garment Investment Trading JSC

Legal name

Thanh Cong Textile Garment Investment Trading JSC

Website

https://thanhcong.com.vn

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Thanh Cong is a Vietnamese publicly listed textile and garment manufacturer operating fully vertical production across spinning, weaving, knitting, dyeing, and sewing, supplying global apparel brands including adidas, Columbia, and New Balance from facilities in Ho Chi Minh City, Tay Ninh, and Vinh Long.

Ownership category

akta.pro rank

Product category

Textile Manufacturing

NAICS

Apparel Knitting Mills (3151), Apparel Manufacturing (315), Knit Fabric Mills (313240), Broadwoven Fabric Mills (313210)

SIC

Knitting Mills (2250), Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Broadwoven Fabric Mills, Man Made Fiber & Silk (2221), Broadwoven Fabric Mills, Cotton (2211)

akta.pro primary industry

Tops & Shirts Cut & Sew (T-Shirts/Shirts/Blouses) (IMAOAEAE)

akta.pro secondary industries

Knitted Fabric Mills (IMAOABAB), Greige Woven Fabric Mills (IMAOABAA), Knitwear & Sweaters Manufacturers (CRAAAAAJ), Technical Fabric Mills (Performance/Protective/Medical Substrates) (IMAOABAH)

Keywords

• Textile manufacturing
• Garment production
• Vertically integrated apparel
• Yarn and fabric production
• Knitting and weaving

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Textile Manufacturing and Export: Revenue generated from manufacturing and exporting textile products including yarn, woven fabric, knitted fabric, and finished garments. Vertically integrated operations across spinning, weaving, knitting, dyeing, and sewing divisions.
2. Real Estate Development: Development of real estate projects including TC Tower and residential projects. Strategic cooperation with DBFS for TC Tower real estate project development.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Thanh Cong Textile Garment Investment Trading JSC is a vertically integrated textile manufacturer producing yarn, woven fabric, knitted fabric, dyed/finished fabrics, and finished garments across five divisions: Spinning, Weaving, Knitting, Dyeing & Finishing, and Sewing. The company supplies global apparel brands and textile importers across 45 countries, with a manufacturing capacity of 26 million finished garments, 10,000 tons of yarn, 9.6 million meters of woven fabric, and 15,000 tons of knitted fabric per year. It also develops real estate projects (TC Tower, TC 1, TC 2).

Product overview

Thanh Cong Textile Garment Investment Trading JSC operates a fully integrated vertical production system in the textile and garment industry, encompassing six core divisions that work in coordination: Spinning (yarn production), Weaving (woven fabric), Knitting (knitted fabric), Dyeing and Finishing, Sewing/Garment manufacturing, and R&BD Center for research and product development. The company produces a comprehensive range of textile products including cotton yarn, rayon yarn, blended yarn, woven fabrics (fashion, uniform, hi-tech), knitting fabrics (casual, fashion, port, hi-tech), and finished garments (T-shirts, polo-shirts, sportswear, children's wear). Additional operations include real estate development through TC 1 and TC 2 projects. The vertical integration allows end-to-end control from raw materials to finished products, with production facilities located across Ho Chi Minh City, Tay Ninh Province, and Vinh Long Province.

Differentiator

Problem solved

Functional benefit

Products and services

• Spinning Products (Yarn) Yarn products including Cotton yarn, Rayon yarn, and Blended yarn with annual production capacity of 10,000 tons and 75,000 spindles, using 320 VORTEX spindles. Used as upstream input for the company's weaving, knitting, and garment operations and supplied to external textile customers.
• Weaving Products (Woven Fabric) Woven fabrics including raw woven fabric, uniform fabric, and fashion fabrics with annual capacity of 9.6 million meters, made from Polyester, Cotton, TC, CVC, Visco, and TR. Supplied to global apparel brands for uniform and fashion apparel manufacturing.
• Knitting Products (Knitted Fabric) Knitted fabrics including fabric, rib, collar, and cuff with annual capacity of 15,000 tons, produced using 200 fabric knitting machines and 136 collar knitting machines from Cotton 100%, T/C, CVC, and Polyester 100%. Used as input for casual and sportswear apparel manufacturing.
• Dyeing and Finishing Products Dyed and finished woven and knitted fabrics with annual capacity of 10 million meters of woven fabric and 8,400 tons of knitted fabric. Products include fashion fabric, uniform fabric, hi-tech fabric, casual, fashion, and port fabric for apparel brands.
• Sewing/Garment Products Finished garments including T-shirts, Polo-shirts, sportswear, and children's wear with annual capacity of 26 million pieces, manufactured from 100% cotton, TC, and CC materials using machinery imported from Japan, Korea, China, and Taiwan. Supplied to global apparel brands including adidas, Columbia, New Balance, Eddie Bauer, and SanMar.
• ANTI-BAC ZinC Antibacterial Fabric Proprietary antibacterial fabric that combines fiber with ZnO molecule for natural antibacterial and UV resistance, achieving 99.99% antibacterial effectiveness after 20 washes. Used in masks, antibacterial textiles, and medical protective clothing for apparel brands and healthcare customers.
• R&BD Center Services Research and Business Development services conducted across all five production sectors (Spinning, Knitting, Weaving, Dyeing, Sewing) to develop new textile products, including eco-friendly and advanced materials, and to improve business effectiveness for customer demands.
• Real Estate Development (TC 1 and TC 2 Projects) Residential real estate development projects TC 1 Project and TC 2 Project, along with the TC Tower commercial real estate project developed in cooperation with DBFS, offering residential and commercial properties to customers.

Quantifiable outcome

• 99.99% antibacterial effectiveness after 20 washes for ANTI-BAC ZinC fabric
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• DBFSflagshipStrategic or Co-development Partner · 20 September 2024Strategic cooperation agreement signed to develop the TC Tower real estate project. DBFS is collaborating with Thanh Cong on this major real estate development initiative.
• WORLD FASHION EXCHANGE (WFX)coreTechnology or Integration · 12 September 2022ERP system implementation partnership with company having 20+ years experience in PLM & ERP solutions for garment and fashion companies. Project started October 2022 with expected completion February 2024. Phase 1 covers merchandising, product development, order management, procurement, inventory & quality control. Phase 2 covers production management, outbound logistics, QA system, BI analytics, and integration with existing systems.
• Vietcomreal and Hong PhuccoreStrategic or Co-development Partner · 15 January 2010Investment cooperation agreement signed with Vietcomreal and Hong Phuc for development of land area 7,348 m2 located in Ward 18, District No. 4, Ho Chi Minh City for apartment building and office project TCG3.

Scale indicators12 records

Recent moves9 records

Expansion highlights5 records

Others

• Esprit Holdings (supplier network): Global apparel brand that sources extensively from Vietnamese manufacturers including vertically integrated mills. Comparable as a buyer / ecosystem participant — Thanh Cong produces apparel for brands in this category; relevant for understanding buyer-side dynamics in the company's customer base.

Broad incumbents

• Shenzhou International Group: One of the world's largest knitwear manufacturers, Hong Kong-listed, producing for Nike, Adidas, Uniqlo, and other global brands. Broad incumbent comparable to Thanh Cong on knitwear capacity, brand customer base, and manufacturing scale, though with broader geographic and product breadth.
• Pou Chen Corporation: Taiwan-listed global footwear and apparel manufacturer with major operations in Vietnam, China, and Indonesia. Broad incumbent comparable to Thanh Cong on Vietnam manufacturing footprint, B2B apparel/footwear model, and global brand customer base (Nike, Adidas).

Direct peers

• Phong Phu Textile JSC: Vietnamese textile and garment manufacturer with spinning, weaving, knitting, dyeing, and finishing operations serving global apparel buyers. Comparable vertically integrated profile to Thanh Cong and a peer in the HOSE-listed Vietnamese textile universe.
• TNG Investment and Trading JSC: Vietnamese-listed garment manufacturer producing woven and knit apparel for global brands including Marks & Spencer and Target. Closely comparable to Thanh Cong on Vietnamese scale, B2B apparel export model, and similar end-product categories (T-shirts, jackets, sportswear).
• Hansae Co., Ltd. Korean apparel OEM/ODM manufacturer supplying global brands including Target, H&M, and Walmart. Comparable to Thanh Cong in vertically integrated garment manufacturing, end-product mix (knits, woven, sportswear), and the strategic link to Korean retail (Hansae is also tied to Korean fashion groups).
• Regina Miracle International Holdings: Hong Kong-listed manufacturer of intimate apparel, sportswear, and knit garments with significant Vietnam manufacturing capacity. Comparable to Thanh Cong on Vietnam-based production, knit-fabric capability, and global apparel-brand customer base.
• Vinatex (Vietnam National Textile and Garment Group): Vietnam's largest state-owned textile and garment conglomerate, operating spinning, weaving, knitting, dyeing and sewing across multiple subsidiaries. Directly comparable to Thanh Cong on vertical integration, customer base (global apparel brands), and product mix (T-shirts, knitwear, woven garments).
• Crystal International Group: Hong Kong-listed garment manufacturer operating across Vietnam, China, and other Asian geographies producing woven, knit, and sportswear for global brands. Directly comparable to Thanh Cong on multi-country manufacturing footprint, vertical production capability, and brand-customer roster.

Regional players

• Song Hong Garment JSC: Vietnamese garment manufacturer producing T-shirts, polo shirts, and uniforms for export. Comparable to Thanh Cong in product mix and Vietnamese-export orientation, though smaller in scale and less vertically integrated into upstream fabric production.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/thanh-cong-textile-garment-investment-trading-jsc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

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 →

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