Bonsen Electronics Ltd. Viet Nam (Vietnam)

Founded in Dec 2018 as a 100% foreign-invested firm, the subject is now engaged in manufacturing office machinery as paper shredders. According to Mr. Dao - an import-export staff, the company imported most of components to build paper shredders from China and imports plastic bread from Hong Kong, Thailand, Malaysia to inject plastic parts of paper shredders. The output products are exported Hong Kong, China, USA, UK. In fact, export activities of the subject are based on directions of the parent company.Especially, the subject started construction expanded factory for manufacturing plastic laminators. As revealed, that expanded factory might be finished and put into production in 2022.Mr. Dao said due to outbreak of the Covid Pandemic in China last year, production of the subject's parent company in China had to be transferred partly to the subject. Thus, labor forces increased from 250 to 750 people and total sales in 2020 equaled 6.5 times of volume in 2019. Then, production in that factory in China has become normal so growth of the subject's revenue will be reduced in 2021, he added. Anyway, its business is still busy now.