Viet Nam Trading Investment Promotion Joint Stock Company (Vietnam)

Established in 2014 in Ha Noi city but it has only officially operated since the end of 2020 after market research. The subject is specialized in trading agricultural products. It imports corn and peanut used to manufacture animal feed and rice from India and exports fruits to EU countries; pepper and cashew to Taiwan and India. In the near future, the subject will increase capital and import products from China, as revealed by Mr. Duong, Chairman. In 2021, it obtained significant revenue (VND 144 billion) but was lost because costs of goods sold and expenses were large. Total assets in 2021 soared to VND 79 billion, yet 86.22% of them were financed by loans, hence, the financial structure seemed risky. According to sharing from Mr. Duong - chairman, the subject's revenue in 2022 reached VND 450 billion and no longer suffered a loss like in 2021.