Yujin Kreves Company Limited (Vietnam)

As shared by the sales department, YUJIN KREVES LTD. from South Korea planned to expand its operation in Vietnam, so this company decided to build a new factory in Long An Province through YUJIN VINA CO., LTD. This is the reason for the subject's establishment. Therefore, YUJIN KREVES LTD. has two factories in Vietnam focusing on manufacturing and supplying stainless steel products for kitchen and metal accessories for handbags. Being installed with new production lines for the subject's factory, there was a shift in production output between the two factories. Specifically, 90% of product output is currently produced in Long An. The remaining 10% is being produced at the factory of YUJIN VINA CO., LTD in Sai Gon - Linh Trung Export Processing Zone - Thu Duc City.The sales staff added that 60-70% of the products are exported to EU market, and 10% are to the USA and Asia markets. All orders are mainly signed with the parent company in South Korea. At the end of 2022, the subject had the largest number of workers (more than 720) forcing to reduce working hours in Long An province. In 2023, the business situation improved somewhat. Up to now, the business maintains operations with an increased scale of about 1,000 employees.