Daiwa Vietnam Limited (Vietnam)

The subject is a subsidiary of GLOBERIDE, INC from Japan. It specializes in manufacturing and exporting fishing rods and fishing reels. As revealed, its products are exported overseas, particularly to the parent company and overseas sales bases of the Group (in Thailand, Malaysia, the USA, Australia, China, and EU markets, ...). Thanks to putting into operation the 3rd factory in Hoa Khanh IP, Da Nang City, Vietnam since last year, its revenue and profit rapidly increased in FYE 31 Dec 2022. Since early this year, the business activity has met certain difficulties due to the economic recession's impact. The number of orders has significantly reduced as a revelation from a female staff in the administration department, cutting down the number of employees to 2,975 people currently.