Cedo (Vietnam) Limited Liability Company (Vietnam)

The subject is a subsidiary of DECO ACQUISITIONS LIMITED, specializing in the field of manufacturing plastic bags, which are wholly exported to foreign markets, including Poland, France, the USA, Germany, Taiwan, etc. As shared by an administrative staff, due to the difficult economy, the company's output was cut down by 25%-30% in the first months of 2023. Remarkably, in the summer months of 2023 (from May to August), the subject's business operation faced many difficulties due to the situation of power shortages. Its factory had to incur many expenses and create many scraps when machines were temporarily put out of action and restarted due to cutting power. Currently, this situation has been resolved, but the business result for FY 2023 might be reduced.