VIETNAM RISESUN NEW MATERIAL COMPANY LIMITED

VIETNAM RISESUN NEW MATERIAL COMPANY LIMITED (CÔNG TY TNHH RISESUN NEWMATERIAL VIỆT NAM) is a rapidly growing foreign-invested enterprise specializing in the manufacture of plastic and composite materials. Officially incorporated on January 19, 2021, the company operates as a one-member limited liability company under Tax Code: 2400903585, with its head office located at Lot CN-09, Hoa Phu Industrial Park, Mai Dinh Commune, Hiep Hoa District, Bac Giang Province, Vietnam.

RISESUN INVESTMENT PTE fully owns the company. LTD., a Singapore-based entity, and currently employs approximately 2,000 workers in its state-of-the-art production facility. Mr. Zhang C., a Chinese national, serves as General Director, with Mr. Zhuwei D. as Deputy General Director.

In 2023, VIETNAM RISESUN NEW MATERIAL COMPANY LIMITED posted a stellar year in terms of growth. Total sales doubled to USD 151.16 million, an increase of 101.56% from 2022, while net profit rose to USD 27.3 million, marking a 72.19% year-on-year gain. Total assets expanded significantly to USD 182.83 million, up 53.79%, and owner’s equity climbed to USD 62.43 million, a robust 78.59% increase. The company’s working capital reached USD 14.76 million, indicating a healthy liquidity position and ability to support ongoing operations and expansion.

This impressive financial trajectory reflects both strong market demand and efficient capital utilization. Despite being a relatively new player, VIETNAM RISESUN NEW MATERIAL COMPANY LIMITED has demonstrated an exceptional ability to scale rapidly while maintaining profitability. The company is well-positioned to lead Vietnam's industrial plastics segment with a sound equity base, expanding asset portfolio, and growing profit margins. As the manufacturing sector continues to evolve in northern Vietnam, VIETNAM RISESUN NEW MATERIAL COMPANY LIMITED stands out as a model of fast, financially sustainable growth.