Nano Tech Co., Ltd. (Vietnam)

The subject is a 100% South Korean invested project, which has been set up in Bac Ninh Province, Vietnam since 2007. It gets involved in manufacturing and processing tape components, adhesive protective films, labels, and stamps used for mobile phones. It is known as a vendor of Samsung Electronics, either directly supplying to Samsung Electronics Vietnam (in Bac Ninh Province), Samsung Electronics Vietnam Thai Nguyen (in Thai Nguyen Province) or providing to other vendors of Samsung like Hansol Electronic Vietnam Co., Ltd. In addition, it directly exports about 10% of the output products to India, South Korea, China, and Brazil, etc. Financial data of the subject showed a significant recovery in business activities in 2021 and its business performance was assessed as acceptable. Due to the general difficulty of global economics in the context of high inflation, the subject has received a reduced number of orders from Samsung clients since mid-2022. Hence, its business became less busy in the late months of 2022. Turnover of the subject in 2022 reached about VND 1,500 billion. However, a notice point was that it has optimized its costs and improved technology, so its net income in 2022 would be better.