Amtran Vietnam Technology Company Limited (Vietnam)

Being founded in Nov 2018, the subject specializes in manufacturing and processing televisions (mainly), wireless computer mouse, electronic circuit boards, and webcams... As revealed by the external relation manager, its major customers are SamSung Korea (about 70% of total exports) and BBY. Products are exported to overseas as the USA (about 80%), Canada, China, Taiwan... based on the direction of customers.As reported data, the subject grew well in the first years of operation and started making profit in 2021. However, the negative effects of the post-covid economic recession made the demands for televisions and electronics products narrowed clearly in the second half of 2022. As a result, the subject received fewer new orders from clients in that period. Especially, the subject had to cut down production shifts last year to reduce costs and reduced the labor force noticeably from nearly 2,000 people in late 2021 to 1,200 people in Sep 2022. However, the subject's business has recovered gradually since early 2023 and its labor force has also increased to 2,000 people in Jun 2023 and 2,326 as currently. The customer portfolio is also more diverse. According to this manager, net sales and profit for the first half of 2023 were VND 2,937.5 billion and VND 34.1 billion, respectively.The first and the second phases of its project have been put into production. In Jun 2023, it increased capital to implement the third phase of its project. As planned, the construction of the third phase of its project will commence in Jan 2024 and is expected to be completed in Jul 2024, she added. Its business scale might continuously expand in the coming time.