Introduction Viet Tien Garment Company (VTEC) was established in 1976 and companys head office is located at 36 Tay

Thanh Street, Tay Thanh Ward, Tan Phu District, Ho Chi Minh City. Viet Tien engages in the production, whole sale, and retail of various garments in Vietnam. The companys products include shirts, jackets, pants, sportswear, ski, knitting wear, sweaters, and suits for men, women. Before 2008, Viet Tien is a state-owned Vietnamese textile and garment company with a total labor force of 6,041 people. It is operates under the Vietnam Textile and Garment Group (VINATEX), of the Ministry of Industry and Trade. Since 2008, VTEC has successfully issued 3.68 million shares to strategic shareholders TungShing Sewing Machine Co.,Ltd (1.84 million shares) and South Island Garment SDN.BHD.,Ltd (1.84 millions shares). Then 16% of Viet Tiens equity share hold by foreign companies and Vinatex, the holding company of Viet Tien kept 52.99%. Viet Tien is one of popular suppliers to all domestic and foreign customers who have huge contracts with very strict requirements about the quality of material as well as workmanship. The company presently carries out business transactions with more than 60 customers in 20 countries over the world. Companys export markets are EU (29%), USA (27%), Japan (24%) and others (20%). Viet Tien has contributed considerably in developing the operation of Viet Nam Garment Industry. Main competitors of the company are An Phuoc Garment Co, Thai Tuan Garment Co, Thanh Cong Textile & Garment Co,...With the tradition of a reliable company in garment industry, Viet Tien Garment Company is ceaselessly developing production, investing in modern production lines, increasing capacity and improving quality of its products to satisfy customers. During 2012, net revenue of Viet Tien is VND3,898 billion(about USD185.6 million) and total profit after tax is VND170 billion (about USD8.09 million). In the year, net sales have been over 115.4% and profit after tax has achieved 96.7% compared with 2011. Company figured out that in the year, material cost, fuel and power cost increased highly therefore, its profit could not grow in accordance with the revenues growth. At the end of year 2012, total liabilities and owners equity was VND1,896.3 billion of which the owners equity is VND546.7 billion occupied about 28.83 % of total liabilities and owners equity. Companys book value per share is VND16,700. Basing on business result in the year 2012, although companys profit have only achieved 96.7% compared with 2011, company still gives the shareholders payment dividend of 25% in cash per shares par value (same as 2011) despite the economic downturn. (Souces: VTECs Consolidated financial statement 2012; and VTECs Prospectus report 2012; Companys website is avaiable at www.viettien.com.vn)