Viet Cuong Company Limited (Bac Ninh) (Vietnam)

The subject was founded in 2009 in Bac Ninh Province. It is wholly-owned by Mr. Nguyen Van Vuong, Director under the charter capital of VND 21.9 billion. The subject specializes in trading paper, pulp, and scrap paper products. It is known that the subject has imported pulp from China. In addition, as shared by Ms. Nguyen Thi Xuan, an accountant, the subject is preparing to import scrap paper from South Korea. Its business activity has not been affected by the Pandemic, Ms. Xuan said.In the past, the financial data recorded that the main business operation did not make a profit in many years due to so high cost of goods sold that held about 98-99% of total sales per year. The liabilities ratios were so high and the self-financing capacity was weak. Its capital structure was less safe.