Dorco Vina Co., Ltd (Vietnam)

Founded in 2008, the subject is known as a member of DORCO CO.,LTD - a well-known shaving innovation company based its headquarters in South Korea, spreading its network to the USA, UAE, China, Japan, UK, Mexico, Russia, and Vietnam. In Vietnam, the subject company is running three factories, two in Hung Yen Province and another in Ha Nam Province, manufacturing razors (Dorco Vina Factory 1), blades (Dorco Vina Factory 2), disposable razors (Dorco Vina Factory 3), molds for razor and some other related goods as a revelation from a female staff in the import-export department. About 97% of its products are being exported to around 133 countries all over the world, mostly following the directions of its parent company, of which the key markets could be mentioned as the Middle East, EU, South Korea, Japan, Thailand, and the USA. Investments in the firm's production bases are still ongoing to raise their capacity. The total registered investment capital of three factories has reached nearly USD 121 million up to now. Besides its manufacturing facilities, the company has invested in an area of office and workshops for leasing in the factory 2 and 3.According to the female import-export staff, the post-COVID economic recession, along with the war between Russia and Ukraine, has certainly affected the subject's business activity. The export orders have slowed down, especially in EU markets. As shared, the turnover in the first 11 months is estimated at around USD 134 million, a slight decrease of 3% over USD 138.2 million in the same period last year. Export turnover in the first 11 months of 2022 had reached USD 136 million in particular.