Bitexco Nam Long Joint Stock Company (Vietnam)

The subject company currently gets involved in manufacturing yarn and 100% cotton towels, and supplying pure water. In an interview with Mr. Le Trung Thuy - Deputy General Director, we are shared that more than 80% of its turnover comes from the yarn and towel aspect. The yarn products are mainly to serve its cotton towel production activity, and only a small amount is supplied to overseas and domestic customers, added he. About 90% (chiefly towel products) of its output is directly exported overseas, and the largest export market is Japan with around 80% of total export turnover, subsequently South Korea (about 5%), the Deputy General Director revealed. In the domestic market, the company mainly consumes yarn and pure water. Formerly, the subject also participated in the field of wooden furniture manufacture. However, this sector has been transferred to a related company -   MINH VUONG INTERNATIONAL TRADING INVEST JOINT STOCK COMPANY as a revelation from Mr. Le Trung Thuy.The subject's operation has significantly recovered since last year. Receiving more orders from clients made the revenue increase by 39.03% year-on-year. According to Mr. Le Trung Thuy, the business activity in the first half of this year seems to have been stable, and it is expected to gain remarkable growth over the same period last year.