Garmex Saigon Corp.
UUPCOM:GMC4,300.00
VND
0.00
(0.00%)
ISIN
VN000000GMC2
Return %
Stock
S&P 500
1Y
-23.21
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Hung Le
- Full Time Employees
- 29
- Sector
- Consumer non-durables
- Industry
- Apparel/Footwear
- Address
- Ho Chi Minh City Vietnam
- IPO Date
- Dec 22, 2006
- Website
- garmex.vn
- Similar Companies
- Business
- Garmex Saigon Corporation is a Vietnam-based enterprise engaged in the manufacture, processing, and export of apparel and textile products, alongside property management and asset investment activities. The company specializes in technical outerwear and casual apparel, with a product portfolio comprising high-performance outerwear, such as down coats, seam-sealed jackets, insulated jackets, bonded jackets, padded jackets, windbreakers, and waterproof sports garments; bottoms and trousers, including ski pants, khaki trousers, skirts, and seamless shorts; woven tops, casual shirts, and workwear; and fabric home goods, including fabric storage cabinets. Historically functioning as an original equipment manufacturer (OEM) and cut-make-trim (CMT) supplier, the company has served global retail brands and distributors across the United States, Europe, and Asia, having maintained commercial and supply relationships with partners including Columbia Sportswear, Decathlon, and Gilimex. The company conducts business directly and through wholly owned subsidiaries, including Tan My Garment Company Limited and Garmex Quang Nam Garment Company Limited. In recent developments, Garmex Saigon has undergone extensive operational restructuring and strategic realignments due to sharp declines in global export demand and order volumes. Following the prolonged suspension of garment production lines and substantial workforce downsizing, the company was subject to a mandatory delisting from the Ho Chi Minh Stock Exchange (HoSE) in late 2024 and transitioned to trading on the Unlisted Public Company Market (UPCoM) under the ticker symbol GMC. To mitigate financial pressures, the company has implemented widespread asset liquidation programs involving the sale of surplus machinery, automotive assets, and industrial facilities, while shifting corporate resources toward warehouse leasing, asset management, and equity investments in residential real estate development via affiliate partnerships such as Phu My Joint Stock Company. Garmex Saigon Corporation was founded in 1976 and is headquartered in Ho Chi Minh City, Vietnam.