The subject is engaged in manufacturing and assembling speakers for television. According to Ms. Chu Thi Xuyen, the chief accountant, 99% of total products are supplied for Samsung both in Vietnam and abroad. Currently, it mainly imports electronic components for products from South Korea and China. Thanks to expanding factory facilities since 2021, the subject's production has improved clearly. Total capacity of two factories is 170 million products/ year. As a result, its labor force increased from around 1,000 people to around 3,000 people currently.Noticeably, due to skyrocketed freight rates and climbed material costs during the Covid Pandemic, the subject's gross profit margin became negative in 2021 so it suffered nearly VND 96 billion of loss that year. Anyway, the subject generated VND 2,648 billion of total sales and VND 75 billion of net income in 2022. Especially, in the first quarter of 2023, its revenue and net income reached VND 657 billion and VND 92 billion respectively, she added. The subject's prospect seems bright.
Headquarters
Lot A5, Minh Hung - South Korea Industrial Park, Minh Hung Ward
Binh Phuoc; South Eastern Vietnam;
Postal Code: 67000
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