Icf Cable (Vietnam) Co., Ltd (Vietnam)

The subject specializes in manufacturing electric wires and cables. The materials for production are imported mainly from China, Taiwan, Malaysia, Brazil, etc. Most of the products are exported to the USA.As shared by the chief accountant, the business result in 2023 will fall steeply compared to 2022. Within 11 months of 2023, total sales reached about VND 1,600 billion. It is expected that the subject will get VND 1,700 billion for the whole year 2023. The orders have been dropped since Mar 2023 and accounted for 80% of 2022. In the last few months of this year, the subject has still maintained normal operation because the number of orders is still enough for production. However, the total staff has reduced from 400 to only 200 within 6 months. After recording better business results in 2022, the situation on the subject may not be as positive as before.