Nhan Dung Service Trading Investment Company Limited (Vietnam)

The subject specializes in trading stationery paper with main brands of Double A, Quality. As our latest interview, this company still imports from China, Thailand, India, South Korea, etc. Currently, all its products are only consumed in the domestic market now. The paper industry is facing many challenges in 2023 when at the end of 2022 some businesses have to produce moderately. Regarding the issue of value-added tax refund, paper businesses are also facing barriers, because most of the raw materials are purchased from waste collectors, so it is difficult to prove the origin of the goods... From here, the cost will be affected. This is also a major barrier for pulp and paper industry enterprises in effectively controlling their company's financial plans. Besides, the import of chemical pulp raw materials is expected to face many difficulties due to strong fluctuations in exchange rates; The freight charges and several other costs such as high costs of fuel, energy, materials and chemicals are also expected to have a negative impact on product prices. According to the Pulp and Paper Association (VPPA), the paper industry is still facing major difficulties with reduced exports but factories still have to maintain operations to retain workers. This is a situation of excess labor resources, causing waste of costs for each business in the paper and pulp industry. It is expected that the difficult situation of the paper industry will possibly be longer because the world economic situation is in recession and demand is decreasing. The opportunity to recover will only come when the manufacturing industries begin to restore orders and will paper businesses have a chance to revive and "break out of the bottom". With price fluctuations due to the impact of many factors, the subject may face many difficulties this year to maintain market share.