Nippon Paint Vinh Phuc Co., Ltd (Vietnam)

Founded in Apr 2012 in Vinh Phuc Province, the subject is engaged in manufacturing industrial paints. Its factory was constructed in June 2013 and inaugurated in Oct 2014. In addition to importing materials for paint production from Japan, Thailand, Taiwan, etc,... NIPPON PAINT VINH PHUC also purchases from domestic sources. The subject is known as a paint supplier for many automobile companies such as HONDA VIETNAM, TOYOTA VIETNAM, HINO VIETNAM, NISSAN VIETNAM, TRUONG HAI MAZDA, HYUNDAI THANH CONG, etc.As shared by import-export staff, the subject's operation in 2023 was affected by the economic recession. Accordingly, import activities sharply shrunk. It meant that revenue also reduced in 2023. Although she could not give a specific number, net sale was estimated to drop significantly in comparison with 2022, as revealed. According to social media, the domestic real estate and construction industry were all gloomy last year. Besides, lots of manufacturing companies downsized their scale. Hence, paint production industry, which is interdependent on the above two industries, also followed a decline. It could be seen that industry trend affected the subject. Therefore, transaction could be proceeded under periodic monitoring.