Pharung Shipyard Company Limited (Vietnam)

The subject specializes in the new building and repairing ships. On the legal form, the subject's charter capital is stable at VND 3,183,902,000,000 that was only contributed at VND 777,589,113,985 as of 31 Dec 2019 (in the financial data).Formerly, the subject imported steel and wood materials for shipbuilding, furniture of ships from China and South Korea. According to Mr. Khanh, an accountant, due to the impact of Pandemic, the subject has not yet had the orders of building ships from the foreign market since early 2021 hence the subject currently does not import. The subject purchases materials and spare parts from local suppliers. Mr. Khanh also said that the subject's business activity has been less affected by the Pandemic thanks to an increase in the orders of repairing of the ship in domestic. Turnover of 2020 increased about 15% in comparison with that of 2019, reached about VND 360 billion.