Shinyang Metal Vietnam Co., Ltd (Vietnam)

Founded in 2015, the subject is engaged in manufacturing and supplying aluminum products such as bars, aluminum extrusion, aluminum frames, and aluminum mid rail, ... for industrial and construction usages. Since Apr 2022, it has successfully signed a contract to supply products to FIRST SOLAR VIETNAM MANUFACTURING COMPANY LTD - a FDI company in Ho Chi Minh City, Vietnam, specializing in solar photovoltaic module manufacture, therefore, the domestic consumption ratio has clearly increased to about 50% up to now. In an interview with Ms. Phuc, who is in charge of the import-export activity of the subject, she revealed that the turnover from First Solar made up about 80% - 85% of total domestic revenue. About 50% of the output is directly exported overseas in accordance with directions of the parent company -  SHINYANG METAL IND CO.,LTD, and the main destination is the USA (occupying around 90% - 95% of the export turnover), the second export market is South Korea, added she. Sometimes, it has several export shipments to Japan as well. This year, the subject's activities were considered stable, Ms. Phuc said.Shortly, the subject is operating normally in the industry. The activity performance seems fair.