Dong Tai Viet Nam One Member Powder Company Limited (Bac Ninh) (Vietnam)

The subject was formed in 2010 with a 100% investment of Mr. Chen Jian Yong. After 13 years of operation, the subject is now a large company in manufacturing aluminum billets and electrostatic paint powder. Of which, the revenue from manufacturing aluminum billets often accounted for 65% to 70% of total sales per year. As shared, the subject supplies aluminum billets for domestic firms and performs on-site export of electrostatic paint powder to export processing companies in Vietnam. Chemicals, plastic beads, and aluminum alloy ingots for its production are mainly imported from China, Taiwan, and Malaysia. From financial data, it could be seen that its business performance was low. It was lost in the two latest years under the market fluctuation in the context of the Covid pandemic and the economic depression after Covid. This year – 2023, the global economy is gloomy, and the number of orders from the subject has decreased significantly, especially seriously in the period from Apr to Nov. Revenue of the subject in 11 months of 2023 was forecasted to reduce by 40% as compared to the same period of 2022. The accountant of the subject shared that in this Dec, Order volume is showing signs of increasing again. The subject is forecasted to lose this year but the loss situation will be lower than 2022's because of more stable material prices. In general, periodic monitoring of transactions is necessary.