On December 7, Youngone Nam Dinh Ltd. (YNL), a sister company of South Korea-based Youngone Corporation, celebrated its 20th anniversary in Vietnam with a grand gala event attended by over 300 dignitaries and guests. Among the attendees were 21 high-ranking Vietnamese officials, underscoring the significance of the company’s contributions to the country’s economy.
During the celebration, Chairman Kihak Sung highlighted YNL’s journey to becoming a global leader in garment manufacturing. “Vietnam has become our second-largest production base, contributing nearly one-third of Youngone Corporation’s global revenues,” he stated. Sung expressed deep gratitude to the Nam Dinh government for its unwavering support over the past two decades.
Nam Dinh, known for its historical association with textile and garment production, witnessed a revival when Youngone established its presence in 2004. “When we first arrived, we started from scratch—building factories, infrastructure, and training the local workforce,” Sung said. “To accelerate this development, we brought in experienced management staff from Bangladesh. Today, I am proud to say YNL is among the world’s leading garment manufacturing facilities.”
Milestones and Growth
YNL has grown to employ nearly 9,000 staff, making it the largest of Youngone’s three factories in Northern Vietnam. Together, the company’s facilities in the region boast a workforce of over 20,000 employees. Youngone’s expansion in Vietnam continued with the establishment of Broadpeak Soc Trang Ltd. (BSL) in 2017. Located in Southern Vietnam, BSL has since become Youngone’s largest production hub for bags and backpacks, catering to prominent global sports and outdoor brands.
Cultural Celebration
The anniversary event showcased a vibrant blend of Vietnamese and Korean cultural performances, featuring traditional music and dance that symbolized the harmonious integration of the company’s Korean roots and its contributions to Vietnam’s economic and cultural landscape.
The evening served not only as a celebration of past achievements but also as a reaffirmation of Youngone Corporation’s commitment to Vietnam, where it continues to shape the future of garment and textile production while fostering cross-cultural collaboration.
