The subject is one of member companies in Feng Tay Group (a Taiwanese Group). Besides the subject, Feng Tay Group has established other companies in Vietnam like Dona Pacific (Vietnam) Co., Ltd, Vietnam Dona Orient Co., Ltd, Vietnam Nam Ha Footwear Company Limited…The subject engages in processing sport shoes and related accessories for Nike brand. When the Covid-19 pandemic was complicated in third quarter of 2021, the subject temporarily interrupted business operation. Since Oct 2021, employees have returned to workplace and re-operated production activities.In 2022, because of political instability and war, the global economy has encountered a serious recession in last months. The shortage of orders is causing a wave of large-scale job cuts. In particular, the most affected businesses are operating in textile and footwear industries. This leads to reduce working hours and even terminate labor contracts. In this context, the subject's prospect is forecasted not too optimistic due to unfavorable market conditions.
Headquarters
Song May Industrial Park, Bac Son Commune
Dong Nai; South Eastern Vietnam;
Postal Code: 76000
Contact Details: Purchase the Dona Victor Footwear Co., Ltd report to view the information.
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