Van Long Cdc Investment Trading Joint Stock Company (Vietnam)

Established in 2008 in Hai Phong City, the subject specializes in trading materials for steel billet production, the metal casting industry, basic chemicals, plastic beads, and non-ferrous metal. As shared by the staff of the sales department, the field of basic chemicals holds about 60 - 70% of total sales and the field of trading materials for steel billet production and metal casting industry holds about 10 - 15% of total sales, the rest belongs to the trading plastic beads and non-ferrous metal. The subject's main import markets include China, Hong Kong, Thailand, South Korea, Taiwan, India, Netherlands, etc. Most of its products have been distributed in the domestic market. Its main customers are Samsung, Formosa, Hoa Phat, etc, in which, Samsung is one of the biggest customers of the firm. He said that this year, the subject's business operation has decreased significantly due to the negative effects of the economic downturn. The orders from the field of trading materials for steel billet production and metal casting industry strongly decreased while the field of trading basic chemicals decreased by about 5%. As a result, it records about VND 1,300 - 1,400 billion in sales for FY 2023, decreasing by about 20 - 30% in comparison with that of 2022.Last year, the subject's liabilities were narrowed and held 64.61% of total resources instead of 76.15% in 2020. However, it strongly increased using debts; hence the loan interest expenses also rose. Its capital structure was less safe. Except for the low cash, the liquidity capacity was still satisfactory. Generally, its financial condition was above average.