Vietnam Hang Phong Furniture Company Limited (Vietnam)

The subject is a new company in the industry which specializes in manufacturing sofas and office chairs. The materials for production are imported from China market and all of its products have been exported to the USA market. As shared by Ms. Nguyen Thi Tuyet, chief of import and export activity, the Pandemic has negatively affected the subject's business operation, especially export activity. The increase in freight rates has slowed down the business's progress in transporting goods. For a period, it could not export goods and maintained too much inventory because American customers could not sell the products. In 2021, its operation was effected heavily. Numbers of orders were reduced so business result was not good. Its labor force decreased from 900 to over 600 now.