Akzo Nobel Vietnam Ltd (Vietnam)

The subject is known as a member of Akzo Nobel Group, operating in the field of manufacturing and supplying paints, coatings, and specialty chemicals. In Vietnam, the subject engages in manufacturing and trading types of paints such as Dulux, Maxilite, Hammerite. Its products are used to serve both retailers and project customers in Vietnam. The materials for production are purchased from many markets such as China, Hong Kong, Switzerland, Germany, Indonesia, Malaysia, South Korea, Thailand, Canada, etc. Along with the domestic market, its products are exported to Philippines, Singapore, Indonesia, Malaysia, Thailand, Pakistan, etc.In 2022, the subject received a merger with other member companies in the same Group in Vietnam. As investigated, one of the companies that is merged into the subject is Akzo Nobel Coatings Vietnam Limited (tax code No. 0300850801). As a result of the merger, the subject's business scale was also expanded.According to Vietnam Paint and Printing Ink Association, the global economic recession led to many negative impacts for the paint and ink industries in Vietnam in 2022. Most of the output in the paint and printing ink industries in Vietnam recorded a significant decrease due to weakened demand. In 2023, the paint and ink industries are forecasted to continue to face many difficulties because the global recession risk still exists.