Lva Vietnam Company Limited (Vietnam)

Established in 2017 in Ha Noi City, the subject specializes in trading materials and chemicals for the production of veterinary medicines in Vietnam. It mainly imports products from China, India and Singapore, etc. According to the chief accountant, the subject also enjoys deferred payments from suppliers with terms of 60-90 days and the maximum credit limit ranges from VND 10 billion to VND 15 billion. Its goods are supplied to domestic manufacturers, majorly in the Southern area which brought up to 60% of revenue for the subject. Formerly, the subject also traded household electrical appliances (induction cookers), but the sales from this field were very small, bringing only a maximum of 1% of the total revenue for the subject because the subject uses this product mainly for gifts. However, the subject has stopped selling this item, as revealed.  About business results, net sales increased over the years and stood at VND 523 billion last year. However, it lost VND 4.5 billion last year; mainly due to exchange rate differences in late 2022, said by the chief accountant. In 2023, the subject generated about VND 620 billion in sales which increased by 18.5% compared to the last year and net income was positive, at VND 10 billion. This result for FY 2022 was considered the highest in the period 2019 - 2023.