The subject specializes in supplying wood materials for manufacturers nationwide. The company often imports woods from Africa. In the past, it imported much from Laos but this market has been stricter for export, so the company focuses more on sources from Africa. The subject's business had developed strongly before 2019. However, Vietnam wood processing industry is now facing reduced, suspended, and canceled orders as the ongoing COVID-19 pandemic dampens demand and consumption in major export markets (The USA, EU, Japan, South Korea and China). For the subject, its orders have reduced about 40% and turnover of the company is estimated to decline 20% for full year 2020, shared by Chief accountant Ms. Nguyen Thi Hien. Now the company mainly sells woods in inventories, the volume for import is low, Ms. Hien added.
Headquarters
Binh Phu Industrial Cluster, Binh Phu commune
Ha Noi (municipality); Red River Delta;
Postal Code: 10000-14000
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Website: https://longhung.com.vn
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