Tps Viet Nam Company Limited (Vietnam)

TPS VIETNAM CO., LTD has been involved in the production of PP, PE packaging and tarpaulin for more than 10 years, becoming a big player in the market now. The company's products are exported to many countries around the world such as South Korea, Japan, Cambodia, Finland, Sri Lanka, etc, and the main export market is stated to be South Korea with around 70% of export turnover annually. The operation still had growth in both revenue and profit in spite of the COVID pandemic outbreak. However, the post-COVID economic recession caused a little depression. Although its revenue remained stable, costs and operating expenses remarkably increased, making the net income decline by 32.98% in 2022. In an interview with the subject's Chief Accountant, we are shared that the business activity seems stable now, and it is difficult to gain growth this year.