Cerubo Co., Ltd. (Vietnam)

The subject specializes in manufacturing and processing wooden furniture such as tables, chairs, wardrobes, beds... The main import markets of the subject are the USA and Japan. As shared by the subject's staff, its products are mainly exported to Japan and South Korea. Besides, it also exports to Thailand, Malaysia, the USA...Currently, many wood industry enterprises still have difficulty in accessing capital, bank interest rates and input costs are still high. Many businesses are still in a shortage of orders due to weak demand from main consumption markets.In addition, inflation is still high, monetary policy, slow recovery of the world economy affects the trend of tightening spending on non-essential products such as wood and wood products in some areas. large markets such as the US and EU, causing a sharp drop in import demand. The reopening of China also creates a lot of competitive pressure on wood products and wood products, especially Vietnam's wooden furniture group.In addition, the real estate industry in major markets such as the US, EU... is in a quiet stage. While the export of wood products depends largely on the operation of this industry. Currently, there is no signal that the industry will prosper in 2023.