Hanmiflexible Vina Co., Ltd (Vietnam)

HANMIFLEXIBLE CO.,LTD, a South Korean company, established its subsidiary in Hai Phong City at the end of 2012. The subsidiary is known under the name of HANMIFLEXIBLE VINA CO.,LTD, specializing in manufacturing electronic plastic components. The chief accountant said that 30% of the subject's products are exported to South Korea, and the rest large rate is supplied to the domestic market. He said that in the first six months of 2023, the subject's business activities were not better than in the same period in 2022. The subject and its subsidiary have the same factory at Km 17.5, National Road 5, Dai Ban Commune, An Duong District, Hai Phong City, Vietnam. Both companies share the same production base, business line, management board, and human resources. Using a lot of short-term financial leverage in doing business made working capital negative for many years. Thus, transactions should be monitored on a regular basis.