VIETNAM NEWISH TEXTILE was founded as a subsidiary of FAIRTOP LIMITED in mid-year 2015. The subject specializes in manufacturing kinds of elastic tape for the garment industry. According to the registration document, total investment capital of the project is USD 15 million, in which the contributed capital of the investor is USD 12 million. After two years of construction, the company's factory was put into production in 2017. About 60%-70% input materials are imported from its parent company, and the rest are supplied from partners in Japan, China, France, Singapore, Switzerland... A large proportion of finished products is exported to two markets, Thailand and Cambodia. Only a small ratio is consumed in the domestic market.The subject grew strongly in the first years of operation. However, selling expenses and administrative overheads were also pushed up high, as a result, the company traded at losses from its establishment to 2021. As shared by Ms. Huong - an accountant, the business result of VIETNAM NEWISH TEXTILE was also not much improved in 2022.
Headquarters
Lot C6-C8, Minh Hung - Han Quoc Industrial Park, Minh Hung Ward
Binh Phuoc; South Eastern Vietnam;
Postal Code: 67000
Contact Details: Purchase the Vietnam Newish Textile Co., Ltd report to view the information.
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