Thien Phu Si Joint Stock Company (Vietnam)

Founded in 2004, the subject specializes in manufacturing industrial plastic packaging products. Its product ranges are kinds of PP straps; PE film wrapped with pallets; PE, PP, HD nylon bags; OPP tape; PE shrink film; PE protective films... The subject imports plastic beads for its production from South Korea, Japan, Singapore, Thailand, Taiwan, China, South Korea, UAE... Besides the local market, the out-put products are mainly exported overseas, to Japan, Singapore, USA, EU, Indonesia, Malaysia...The subject kept expanding production facilities and premises in recent years so its production capacity was improved continuously. Especially, it moved to a bigger factory at  Lot C, Road D6, Duc Hoa III - Viet Hoa Industrial Park, Duc Lap Ha Commune, Duc Hoa District, Long An Province, Vietnam in early 2020. Accordingly, the labor force increased to 300 people. Noticeably, according to Mr. Lieu Quang Phong - the chief accountant, due to the fourth strong outbreak of the Covid pandemic, the subject had to apply the social distancing solution based on directive No. 16 and No. 15 of the Government from early mid-Jul 2021 to early Oct 2021 following the “three on-site” model (eating, staying and working on the site for workers) in the company's campus for about two-thirds of employees at work only.Anyway, he said that thanks to flexible changes in product range to be suitable for customer needs during each stage of the Covid pandemic, the subject gets new big clients as foreign-invested export processing firms in Vietnam. Thus, despite being slightly affected by the Covid pandemic, the subject's total sales in 2021 still increased strongly, he added. Additionally, its business has become busier.