Jntc Vina Company Limited (Vietnam)

The subject is known as a subsidiary of JNTC CO.,LTD in South Korea. Its goal is to manufacture tempered glass and optical glass for smart mobile phones, watches and automobiles. All of its products are exported to foreign markets (the subject supplies tempered glass and optical glass mainly for mobile phone groups such as Samsung, LG, Apple, Huawei, ... The subject has completed the first stage of project with 3 factories including Factory No. 1 and 2 in Lot B8, Thuy Van Industrial Park, Factory No. 3 in Lot B4, Thuy Van Industrial Park and continued to invest the second stage at Lots CN02, CN03 and CN04 Thuy Van Industrial Park. We tried our best to update more information from the subject but its staff refused to share without having the direct requirement from the partner. Therefore, we could not confirm the current situation of the second stage. As investigated, the second stage includes 2 workshops with areas of 20,286.6 sqm each one and has total investment capital of USD 150 million. When the 2nd stage runs into stable operation, the subject will need about 2,020 employees. The subject has updated information on the 4th factory at Lot CN03 Thuy Van IP since the middle of 2023 on media mass.In general, the subject is in the stage of investment and its business performance has been humble, even going down since 2021. Periodic monitoring of transactions is necessary.