Bedra Viet Nam Alloy Material Company Limited (Vietnam)

The subject was established in 2020 in Bac Giang province, Vietnam. It specializes in manufacturing alloy materials in the form of bars, fibers, and plates, mainly copper alloy materials. As reported, the subject's total assets were strongly extended through the years, recording VND 2,602 billion at the end of 2022. However, 51.64% of assets were still in item “Costs of construction in progress.” Total sales were rather impressive in the third year after establishment, reaching VND 1,719 billion, but the company still suffered a loss as in the previous years because the costs of goods sold and expenses were too large. Net cash from (used in) operating activities was still negative.According to a female staff of the company, the company started producing in 2021 in parallel with construction. By around mid-2023, it completed basic construction, and concurrently registered investment capital increased to USD 150 million. The company has three factories including a bars manufacturing factory, a fibers manufacturing factory, and a plates manufacturing factory. Current operations have stabilized, so revenue is expected to sharply increase this year.