SUNG SHIN A (VIET NAM) CO., LTD specializes in processing shoe soles for Nike, New Balance, Envy…Manufacturing materials and machine spare parts are imported from South Korea, China, and Taiwan markets while the subject performs on-spot export 99.9% products to partners in Vietnam which are designated by its customers. The rest of products are supplied to some other domestic companies.Sharing with us, Ms. Chuyen – Chief Accountant, said that the fourth Covid wave had a great impact on the subject's business activities. The company temporarily stopped production from Jul to Oct 2021. Therefore, business results in 2021 were not as favorable as in previous years. Amid pandemic, the costs of importing, transporting, and implementing anti-pandemic measures have increased. Meanwhile, its revenue in the first half of 2022 is only one-third of the first half of 2021. Therefore, profit margins in the first half of 2022 are expected to decrease. Currently, due to the labor shortage, the company is operating with only 2,300 employees, a sharp decrease compared to the pre-pandemic period of 3,500 staff, although it still want to recruit more.
Headquarters
Lot G4A-CN, My Phuoc 2 Industrial Park, My Phuoc Ward
Binh Duong; South Eastern Vietnam;
Postal Code: 75000
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