Ccipy Vietnam Company Limited (Vietnam)

Founded in 2016 as a member of US-based Coilcraft Group, the subject is specialized in manufacture of electronic components, namely chip inductors, power inductors, electromagnets for export. Main materials and accessories for processing are imported from Singapore, Japan, China, Germany via Coilcraft members. It exports finished products to the USA, Singapore, Hong Kong also based on the direction of Coilcraft, as revealed.According to the subject's accounting department, due to negative effects of the Covid Pandemic, the subject's total revenue in 2020 had growth but it was still clearly lower than the target total sales for that year.Having a worker positive for Covid, the subject received a lockdown on 27 Jun 2021. In detail, the subject had to cease production temporarily for about ten days and paid all Covid test costs for all employees. Besides, to new Covid prevention requirements, it periodically pays Covid test costs for a random 20% of total employees each week. Especially, it donated a noteworthy amount to the Covid vaccine fund.Noticeably, according to Ms. Phi Yen - an admin staff, due to the fourth strong outbreak of the Covid Pandemic, the subject has to apply the social distancing solution based on the directive No. 16 of the government from early Aug 2021. Hence, in these days of social distancing, the subject's factory just operates from about 60% to 70% of production capacity with about 680 employees at work only following the “three on-site” model (eating, staying and working on the site for workers) in the company's campus. However, with a crowded labor force, operating following the three on-site” model has incurred many costs for the subject.