Viet Nam Evergreen Co., Ltd (Vietnam)

Being founded in late 2007 as a 100% Chinese-invested company, the subject specializes in manufacturing plastic products, including woven bags, packaging, tarpaulin, waterproof membranes, nonwoven bags and household plastic products. Plastic beads and related additives for its production are mostly imported overseas, from China, Singapore, South Korea, Laos, USA... The finished products are not only supplied to the local market but are also exported abroad, to France, USA, Canada, Holland, Norway, China, Russia...Noticeably, Mr. LY THIEU HUNG (LI SHAO XING) was the former general director of the subject and related companies. The Investigation Police Agency of Bac Giang Province issued a decision to prosecute the case and prosecute Mr. LY THIEU HUNG (LI SHAO XING) for causing environmental pollution in Sep 2021. Previously, the subject and two companies, VIETNAM DAYSTAR CO., LTD and VIETNAM EVER-STAR COMPANY LIMITED were requested to prosecute criminal responsibility as well.The subject's annual revenue increased continuously with a compound annual growth rate of 11.3% during the period of 2018-2022. However, according to the director, being negatively affected by the post-Covid economic recession, the company received fewer orders from clients in the first half of 2023. As a result, its labor force has been narrowed from around 2,000 people in 2022 to around 1,300 people presently. Anyway, its sales have improved gradually since two months ago, she added.