NINGBO CHANGYA PLASTIC (VIETNAM) CO., LTD

Ningbo Changya Plastic (Vietnam) Company Limited is a foreign direct investment enterprise specializing in the manufacturing of plastic products, particularly disposable tableware and food-grade containers. Established in 2018, the company has grown rapidly into one of Tay Ninh Province’s most sizeable plastics manufacturers, supported by advanced production technology and strong linkages to its parent company in China. With 1,000 employees, the company operates a large scale facility within the TTC Industrial Park, serving both domestic and export markets.

The company produces a wide range of plastic goods used in food packaging, retail, and industrial applications. Its operations benefit from Tay Ninh’s strategic location near the Cambodian border and major southern manufacturing corridors. A notable feature of Changya Vietnam is its exceptionally high capital injection relative to its founding charter capital, demonstrating strong financial commitment from its parent corporation and a clear long term investment strategy in Vietnam.

Leadership and Shareholders

The company is led by Xu J. H., Chairman, who is responsible for strategic oversight, operational leadership, technology implementation, and coordination with the parent company in China. His leadership reflects the company’s integration into an international plastics manufacturing supply chain.

Financial management is overseen by Tran T. H. T., Chief Accountant, who ensures compliance with Vietnamese accounting standards and internal group reporting systems.

Ownership is fully concentrated, with Changya Newmaterial Technology Co., Ltd of China holding 100 percent of the capital.

Financial Growth and Market Risks

The company achieved USD 77.98 million in sales during 2023. Revenue softened slightly compared to 2022 while assets and equity expanded significantly, indicating continued capital expansion and production scale up. Profit remained stable, reflecting disciplined manufacturing costs and strong export driven demand.

Despite these strengths, the company operates in a competitive sector characterized by raw material price fluctuations, environmental compliance pressure, and shifting market regulations on single use plastics. As a large employer and high capacity producer, Changya must manage production efficiency while adapting to evolving sustainability requirements. Stakeholders who require deeper insight into liquidity, credit risk, capital movements, and multi year financial trends can refer to the VNBIS Company Comprehensive Report for complete and current analysis.

Business Intelligence and Risk Outlook

Vietnam remains a strategic hub for plastics manufacturing due to its cost advantages, improving industrial infrastructure, and growing export markets. Ningbo Changya Plastic is well positioned within this landscape due to its substantial capital base, international ownership structure, and ability to scale production quickly.

Short term performance will depend on demand for food grade plastics, procurement stability for resin materials, and currency movements affecting import and export pricing. Long term prospects will be shaped by regulatory developments related to environmental standards and the company’s readiness to adopt more sustainable materials and production technologies.

Investors evaluating the company’s resilience will benefit from reviewing its supply chain exposure, capital structure, and operational stability through VNBIS’s detailed intelligence solutions.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive suite of professional business intelligence solutions to support investors, suppliers, and financial institutions assessing Ningbo Changya Plastic (Vietnam) Company Limited.

VNBIS services include:

• Company Credit Reports evaluating solvency, liquidity, and financial health
• Risk Management Solutions analyzing exposure to raw material price cycles, import dependency, and operational risks
• Business Verification and Due Diligence Reports confirming ownership structure, governance records, and regulatory compliance

For clients who require up to date financial statements, verified corporate information, and fresh on site investigation results, the VNBIS Company Comprehensive Report provides the most complete and authoritative assessment available. VNBIS enables secure, transparent, and data driven business decisions.