Trung Hai Nghe An Group Joint Stock Company (Vietnam)

Established in 2018 in Nghe An Province, the subject specializes in manufacturing ultra-fine CaCO3. It is running ultra-fine CaCO3 factories in Chau Quang Industrial Park, Chau Quang Commune, Quy Hop District, Nghe An Province, Vietnam to serve the domestic demand and export overseas. In an interview with the head of the Sales Department, we learned that about 60% of products are domestically consumed, and about 40% of the output is directly exported overseas, particularly India, South Korea, Japan, Bangladesh, Indonesia, Cambodia, Australia, South Africa, etc. About 60% of the export turnover is from India. For finance, the subject's total sales rapidly increased over the last years, having reached VND 875.7 billion in 2022. Total assets continuously expanded, which attained VND 321.6 billion as at 31 Dec 2022; non-current assets, particularly, its tangible assets had an upward trend. Capital structure was rather safe with liabilities by total assets ratio of 57.22% at year-end 2022. In general, the financial condition was considered fair.