Jworld Vina Company Limited (Vietnam)

JWORLD VINA CO., LTD is a South Korean-invested company in Bac Ninh Province, Vietnam. Originally founded in 2012, it established a factory project in Que Vo Industrial Park. In Jun 2018, it has been granted another project investment certificate in VSIP Bac Ninh, covering a 20,000 sqm land site, and it built the production base here, which has been completed and put into operation since the second quarter of 2019. After that, the subject has moved all facilities from the initial factory to the new location. Main activity of the subject is to manufacture and process labels and tapes for mobile phones and other electronic products. Its key clients now are Samsung companies in Vietnam, which bring about 70 - 80% of its total turnover as a revelation from a female staff in the company's purchasing department. It provides to Samsung Electronics in Bac Ninh and Thai Nguyen Province, Samsung SDI, Samsung Display, and some vendors of Samsung. In addition, it directly exports a small amount of its output overseas, particularly to South Korea, China, India, Malaysia, and the USA, etc. Last year, the firm's business activity was so busy in spite of the 4th strong wave of the COVID pandemic in Vietnam. It obtained impressive growth of both revenue and profit, which respectively soared by 68.08% and 1,875.38% against 2020 thanks to an increase in orders from clients, mainly from Samsung. However, according to the purchasing staff, the operation situation has been significantly depressed since about May 2020 because Samsung cut down production. Therefore, sales from Jan to the end of August this year have declined nearly 50% in comparison with the same period last year, she added. With such a clear depression, total revenue for this year is expected to go down over the last year.Generally, the subject is operating normally with a labor force of under 1,000 people. It is also meaningfully supported by its parent company - JWORLD CO., LTD.