HANDICRAFT AND ART ARTICLES EXPORT-IMPORT CORPORATION

HANDICRAFT AND ART ARTICLES EXPORT-IMPORT CORPORATION, known as ARTEXPORT HA NOI, is a well-established joint-stock company in Vietnam specializing in the wholesale trade of handicrafts and various consumer goods. Founded on January 18, 2005, and headquartered in Hanoi, HANDICRAFT AND ART ARTICLES EXPORT-IMPORT CORPORATION has been actively operating for over two decades. With a charter capital of USD 39.1 million and a workforce of 50 employees, the company has made significant contributions to the Vietnamese market through its diversified business operations.

In 2023, HANDICRAFT AND ART ARTICLES EXPORT-IMPORT CORPORATION reported impressive financial performance, with total sales reaching USD 617.06 million—a substantial year-over-year increase of 19.61%. The company's total assets stood at USD 410.62 million, reflecting a 10.44% growth compared to the previous year. However, its net profit experienced a decline of 16.03%, settling at USD 1.74 million. Despite this setback, the company maintains a strong equity position of USD 71.82 million, showcasing its financial stability.

The core business activities of HANDICRAFT AND ART ARTICLES EXPORT-IMPORT CORPORATION extend beyond handicrafts. It is engaged in trading construction materials, agricultural products, furniture, and consumer goods while also operating in real estate and office rental services. Additionally, the company acts as a sales agent, facilitating trade fairs and exhibitions in Vietnam and internationally. These diverse operations enable the company to maintain a competitive edge in the market.

VANGUARD BUSINESS INFORMATION LLC (VBI), a leading provider of business intelligence, financial analysis, and risk assessment services, has thoroughly analyzed HANDICRAFT AND ART ARTICLES EXPORT-IMPORT CORPORATION. VBI's assessment highlights the company's financial stability, operational resilience, and diverse market presence. With strong growth in sales and assets, coupled with its established presence in the Vietnamese market, HANDICRAFT AND ART ARTICLES EXPORT-IMPORT CORPORATION continues to be a key player in the industry.

As the company navigates market challenges, its diversified business model and financial robustness position it well for sustainable growth. With the insights provided by VANGUARD BUSINESS INFORMATION LLC, businesses and investors can make informed decisions regarding potential collaborations and market opportunities.