Phu Lam Import Export Limited Company (Vietnam)

Established in 2010, the subject participates in some business fields but mainly focuses on manufacturing and trading plastic bags, filler and color masterbatches, and plastic additives for the plastic industry. According to an accountant, revenue from plastic products accounts for about 50% of total sales. Products are currently supplied to domestic customers, which are trading companies and plastic manufacturers. The subject currently rents a workshop from the related company - PHU LAM TRADE COMPANY LIMITED with an area of nearly 10,000 square meters, which is located at the same location as the headquarters. In addition to the plastic field, the subject is also involved in providing logistic services, and trading petroleum.As shared by an accountant, the consumption of plastic products is usually busy in September and October each year. Due to the impact of the economic downturn, consumption is slow this year. The subject set a target revenue of VND 1,600 billion for the fiscal year 2023 and only reached VND 1,100 billion for the first nine months, which just equaled about 70% compared to the same period last year.