작성일자: 2013.12.3

작성자: 하노이 무역관 Ms. Nguyen Quynh Chi  (Nq.chi@kotra-hanoi.org.vn)

 

 

1. Vietnam Construction Overview

 

□ Economy and Industry Prospect

 

 ○ In the common difficult situation of global economy, the Vietnam macroeconomics has maintained the stability showed via some optimistic economic ratios especially in trade. The commercial surplus got US$ 720 million in 2012 comparing to US$ 284 mil in 2011. This achievement is due to the goods with the high export tariff such as rice, coffee, cashew nuts, pepper, tea, rubber, seafood, wood.   However, the economic growth rate decreased strongly in 2012, high rate of inflation (9.2%) and industrial inventory (6.9%). The task of economic stability is still a big challenge in 2013 due that the credit growth is tended to be much higher than 2012, meanwhile the burning issues of bad debt, inventory, real-estate is still the difficult barrier in the plan of restructuring the national economics. The year of 2013 is considered as the year for raising the economics to overcome the bottom of economic crisis in 2012. Stabilizing economy is forecasted optimistic via the synchronized policies about management, supervision and inspection on monetary market, credit, forex, exchange rate, gold market and other fiscal policies.   

 

 ○ The year 2012 was also the hardest year of Vietnam real-estate market with large challenges and difficulties to investors and constructors for the sharp decline of purchasing power, high inventory, many frozen construction projects due to the lack of fund and difficulties in mobilizing capital.  Many small and weak enterprises working on this industry had to be minimized or face bankruptcy.                                         

 

 ○ Construction activity in Vietnam continued to contract in the third quarter of 2012, prompting us to pencil in a mild contraction for our 2012 construction forecasts; Real growth is now expected to come in at 2% in 2012,. Despite this downward revision, a near-term recovery is still on the cards for Vietnam's construction industry – construction real growth is projected by BMI to reach 5.6% in 2013 – as monetary conditions remain conducive for construction. This recovery will be led by the residential and non-residential building construction sector as expected that the infrastructure sector to continue facing difficulties in securing project financing.          

 

 ○ In line with KOTRA view, construction activity in Vietnam continues to recover in 2013. Latest data from the Vietnam General Statistics Office reveals that real growth for the construction sector grew by 5.1% year-on year(y-o-y). The construction industry is in the upward trend for the effort of recovering from Government. However, the industry is still in the hard term due to an increasingly poor external environment for trade, an oversupply of housing and difficulties in securing project financing within the infrastructure sector.

 

Year	2011	2012e	2013f
Construction Industry Value (US$ bn)	7.9	8.6	9.6
Construction Industry Real Growth (% change y-o-y)	-1.0	2.1	5.3

Source: BMI

 

 ○ Our optimistic outlook for Vietnam's construction sector remains primarily driven by the country's conducive monetary conditions. The benchmark interest rate in Vietnam has stayed at around 10.00% since July 2012 and this should be favorable for construction activity. Indeed, two indicators as inflation and industrial production are already forcing to construction activity is in the optimistic progress.   

 

 ○ Inflation for construction materials bottomed out in July, remains on the rise at the end of September, and forecasted to keep rising in 2013 that indicates a growing demand for materials to carry out construction work.  

 

 ○ Industrial production expanded by 9.7% y-o-y in September, a significant increase from 4.4% y-o-y in August and the fastest rate of expansion since February. Industrial production is a measure of output of the industrial sector (ie, manufacturing, mining, and utilities) and this increase in production could boost the demand for non-residential buildings such as mining-related facilities and industrial buildings (ie, factories, warehouses).

 

Source: BMI

 

 ○ Despite of the upward trend of construction recovery, the fiscal policies and financial issues are affecting negatively to construction industry and will not be resolved anytime soon.

 

□ Real-estate Market

 

 

 ○ The year of 2012 is marked as the darkness of real estate market and the relevant enterprises for the bad liquidity, high risk of inventory and bad debt. As the data from GSO, more than 3300 enterprises on real estate business have closed or stopped business.  Real estate debit balance is affecting seriously to the economy. By 31/10/2012, this number got around US$ 10.3 billion and increased by 3.6% comparing to 2011, of which bad debt occupied 13.5% and gathering at the big cities. At Hochiminh city, the debit balance was US$ 4.2 billion, bad debt 6.27%; Hanoi case, the bad debt reached 13% on the overall banking debit.

 

 ○ Inventory is the big challenge to the real estate enterprises. Presently, there is the inventory of more 20,851 apartments, 1,890,667㎡ of land; 64,847㎡ of office for rent nationwide. Overall, the total is valued US$ 2.7 billion. In 2012, the transaction was the strong down trend, the price declined sharply; the number of new projects was limited. Averagely, the apartment price decreased 15~20% comparing to 2011. Village and new urban was nearly frozen, the unimplemented projects is devalued around 20~30%.

 

 ○ To this situation, Government has issued many policies aiming to resolve the difficulties of the market such as reducing interest rate, tax, transferring the project purposes. However, the transaction rate was not improved. The inventory now is focusing on the medium and high-level apartment, these types occupied more than 75% of share, meanwhile, the demand just was at the low price under US$ 500,000, this type just occupies 10% of inventory. In 2013, the market will record more than 60,000 apartments from 110 new projects, which enhance the inventory amount of real estate. The market will face the increasing pressure from the situation that the supply is much over than the demand.

 

 

2. Construction Materials Market Situation

 

□ Vietnam construction material is in lot of challenges due to the surplus of goods and slow pace of export quantity. According to Construction Material Association, production capacity will supply 20~30% higher than domestic demands, in which cements, steel, ceramic, non-refractory materials, assembled flooring and ceramic materials, paints, construction glass are the main groups with high supply quantity in 2016. Estimated in 2013, supply capacity of cements is 73 million tons/year. However, the recent domestic demand is just 50 million tons/year.  As the same trend, Vietnam Steel Association(VSA) also shows the surplus of 3 million tons steel/year while production capacity reaches 9 million tons/year and demand for steel is 6 million tons/year. Recently, there are 460 steel manufacturers in Vietnam with annual total production capacity of 2.13 million tons cast-iron, 7.54 million tons steel billet, 10.87 million tons long steel, 3.35 million tons flat steel, 2.18 million tons steel tubes and boxes.

 

□ Cements

 

 ○ Over 1 month, some manufacturers increases prices of cements in which for domestic market, the price is US$ 1~6/ton and the price is US$ 1~2/ton higher than the previous price. The increasing of exporting price is badly affecting cements exporting activity due to competition of other countries’ products, while domestic market see the surplus of this material.

 

 ○ Cam Pha Cement Joint Stock Company mentioned that they had plan to increase the price to US$ 5/ton for domestic market. However, they changed plan and increase US$ 2.5/ton for Northern market and US$ 1~1.5/ton for Southern market. For export market, company just increases US$ 1/ton clinker. Basically, Cam Pha Cement JSC still keep stable market share in Bangladesh, Indonesia, Philippines, Malaysia, etc.. In 2013, company estimated to export 850,000 tons cement. Recently, export quantity reaches 650,000 tons and expected to export 200,000 tons for the last two months of 2013.

 

 ○ Other cement manufacturers, including Vietnam Cement Corporation(VICEM), are not exception. Recently, Vicem takes 34% of domestic market share and they stated that their quotation also increases US$ 1.5/ton cement and US$ 2/ton clinker. The price is set base on appropriate markets and target customers. In Quarter III/2013, VICEM meets the estimated export quantity, up to 691,000 tons. Vietnam cement manufacturers consider Thai Land manufacturers as strong competitor in cement market. According to Vietnam Cement Association, Vietnam manufacturers are in difficult period when domestic production has surplus of goods so that most manufacturers has to maintain the existing export market and extend to the new countries with importing demand for this material. For example, VICEM attempts to enter into US market and Xuan Thanh Cement is planning to export to Africa. The fact shows that even when the quoted prices from Vietnamese firms (US$ 38/ton clinker) are lower than Thai Land (US$ 40~42/ton), Vietnamese manufacturers still have number of disadvantage including the slow shipment due to the lack of big harbor, low financial source, etc..

 

□ Steel

 

 ○ For the first 10 months of 2013, Vietnam steel market sees the trade deficit in which import value reaches US$ 4 billion and demand for carbon steel increases. In October, steel import quantity reaches 917,550 tons, up to US$ 622.54 million, increase 16.91% of quantity and 17.65% of value, compared to September. Generally, in the first10 month, steel import quantity is 7.98 million tons, up to US$ 5.64 billion. Compare to the same period in 2012, the import quantity increases by 26.26% and by 12.19% of import volume. Average importing price slightly increased in October, 2013, up to US$ 678/ton. For the first 10 months of 2013, importing price is US$ 707/ton, 11.14% decline, compared to the same period in 2012. The main importing countries are China with US$ 247.75 million of import value, followed by Japan with US$ 139.56 million, Korea with US$ 103.38 million. Other countries are Taiwan, India, Brazil, Russia.

 

 ○ According to Vietnam custom data, in October, steel export quantity reaches 171,720 tons, up to US$ 139.2 million of export value. This data shows the decline of 12.43 % of quantity and 9% of value, compared to previous month. For the first 10 months, Vietnam steel export quantity is 1.81 million tons, up to US$ 1.47 billion, increase 19.23% in quantity and 12.49% in value, compared to 2012. Our main exporting countries are Cambodia, Philippines, Indonesia, Malaysia, Laos and Thai Land in which export quantity to each country is always over 100,000 tons in 10 months.

 

 

3. Flooring Materials Market

 

□ Tiles

 

 ○ Market situation

  - Along with the difficulty of Construction Materials Manufacturing sector at the present, the market of domestic tiles is at an unprecedented bleak situation. Factories are limiting and delaying manufacturing activities , products are unable to find customers, and have to compete with other foreign goods, and smuggled goods... that all make this market even more slumped. At present, the total capacity of all kinds of tiles is 435 million m² approximately, the number of sanitary ware products is about 13 million; however, during the first months of this year, the output only reached 70% of production capacity; products in slow consumption, the amount of inventories is nearly 1.5 months of production.

  - Although it is the construction season at the present, instead of the busiest trading atmosphere last recent years, all the shops or agents have to deal with the same situation of sparse buyers and small orders. Buyers often choose materials within the medium price segment to match their affordability. Therefore, consumers usually prefer products with good designs, decent quality, and average prices regardless of domestic goods or foreign goods. Purchasing power declines not only in its retail market, but also in the sparse orders of other construction companies. The reason is identified as the remains ‘frozen’ of property market; hence the investment in buying material for apartment completion is limited.

  - Beside the difficulties due to the domestic economic impacts, Vietnamese tiles are also in trouble with the competition from smuggled goods and trade fraud. In the country there are about 47 tiles companies are active, of which about 10 strong companies, and the rest are small-scale factories.

  - According to recent report of Vietnam Building Ceramic Association(VIBCA), the tile products remaining in inventory of domestic are estimated at 30 million ㎡, respectively 2 trillion dong. Compared with the consumption in 2010 of 330 million ㎡ (with 88% of production and 79% of production capacity), then in 2011, consumption of ceramic tiles in Vietnam is only about 290 million ㎡ per year (equal to 70 % production capacity according to installed capacity).

  - One of the important reasons for that situation of ceramic tiles industry is recognized by VIBCA as the smuggled and trade fraud tiles from China. The products that have fraud in price, tax rates and amount are focused on ceramic tiles, granite cut stone, marble cut stone imported from China.

  - In 2011, the number of imported tiles rose, in which smuggled goods, trade frauds existed very complexly, and sophisticatedly, which caused many difficulties for Tiles Producing Enterprises in Vietnam. Trade fraud is diverse as cheating on the import registration number, presenting invoice with purchase price much lower than real price.

  - Given that situation, VIBCA sent to the Prime Minister a report on the predicament of the ceramic tiles manufacturing companies in the country due to commercial fraud, smuggling and tax evasion from China. Under the direction of the Ministry of Industry and Trade, since 01/6/2011, imported ceramic tiles from China has been listed as dutiable goods with imported tax rate from 20~40%, applied to all imports of residence border. Recently, VIBCA has recommended to Vietnam General Department of Customs - Ministry of Finance to put tiles into risk categories, on that basis to set the price on ㎡ of each type size, not due to the features tax price that importers have declared. However, in order to promote the production of building material industry, and to regain market shares, it is necessary to have the orientation for the healthy development of the real estate market and the stronger efforts of the companies for the investment of modern machinery and equipment, quality improvement, reduction of production costs.

  - Another notable point in ceramic tiles market today is the diversified appearance of new environmentally friendly building materials products (also called ‘green materials’). This product line is growing increasingly in consumer’s interest thanks to the superior features compared with traditional materials.

  - ‘Green Materials’ are products, which are not harmful to the environment during production progress, construction progress; they help reduce harmful effects to natural resources, save energy. According to that, Concre blocks, products, super lightweight bricks, timber products ... are classified as new environmentally friendly materials.

  - Lightweight, durable, easy construction, sound insulation, thermal insulation, environmentally friendly ... is the general advantages of the new line of building materials. Although this line of products is not lack of imported goods, the domestic products still have the upper hand advantages. Many Vietnamese enterprises have applied modern technology for large-scale production and started creating imprints on the market.

  - The fact that the government has introduced policies to encourage the use of friendly non-baked building materials; limited using clay brick in production, has opened up new opportunities for the development of these new materials.

 

 ○ Competition

  - Currently, the production of ceramic tiles industry in Vietnam as well as domestic bricks markets are still being ‘winded’ compared to others foreign products.

  - The brick manufacturing companies today are suffering battle against the ‘slump’ situation of brick tiles in Vietnam compared to foreign originating from Europe (Italy, Germany, Egypt..) and especially China. The high-rise apartment buildings, villas mainly used brick interior from Italy or Spain, with the prices much higher than other Vietnamese brands such as Viglacera, Prime, Dong Tam… Meanwhile, the market segment toward Vietnamese goods (mostly house projects in level 2 or higher in urban areas) is not a counterweight to the mass market segment (including the resettlement house, level 4 apartments as well as other building projects in rural areas currently account for a large percentage). Vietnamese tiles have good quality, strong lasting, but the downside is the high price (compared to Chinese goods) and the models are not diverse (compared with products from Europe and China).

  - According to representatives of some tile shops in Tan Binh District and District 10 (Hochiminh City), the type of floor tiles, wall tiles from China has showed the sharply increasing trend in purchasing power since the beginning of 2010. There are shops which selling more than 100㎡ tiles sized 60x80㎝ of China per day. Whereas, many types of local tiles are sold only in moderation. Many shop owners said that Chinese goods are cheaper than all Vietnamese tiles and other imported goods. For example, floor tiles sized 60x60㎝ of China are sold at the price of 80.000~85.000 VND/㎡, while the same kind of Vietnamese products are sold at the price of 140.000~160.000 VND/㎡ depending on the bricks code (of Prime or Viglacera), the same kind of Italia, Germany products have 1.5 times much higher prices. Similarly, China's wall tiles sized 20x20㎝ only cost 20,000~30,000/㎡, nearly 30,000/㎡ lower than domestic products. In addition to the advantage of low price, Chinese floor tiles, wall tiles also have the eye-catching designs for patterns and colors.

  - According to Vietnam Building Ceramic Association(VIBCA), ceramic tiles industry is in the state of ‘red alert’ in the confrontation with tiles imported from China, by the dangerous guise as commercial fraud, tax evasion, smuggling... Looking back at the most recent year, in 2009, if the total imports of ceramic tiles were about 70 million, of which imports from China were US$ 51 million; in 2010, US$ 76 million out of US$ 95.5 million in total imports of ceramic tiles in Vietnam’s market is from China. Looking at the current market situation, bricks from China have openly declared war on all market segments from low level to high level. This fact was different from the context of a few years ago, when Chines bricks mostly ‘fight’ on the market segment at low or medium level.

  - Despite the fact that Chinese goods are participating in all segments, from low price segment to high price segment, they still be identified as cheap items. Therefore, Vietnam businesses are considered in the same market segment with China, which should be seen as the most fiercely competitive segment. Meanwhile, the products of Italy dominate the high segment and Spain, the competition in this segment is more comfortable and provides better margins.

  - Therefore, Vietnam will be difficult to compete if not catch up with Chines technologies and designs. To enhance the competitiveness of this item, to the state management, the industry needs to boost the strict quality control of imported goods, accurately calculation of import duty to stop the status of report fraudulent lower input and smuggling.

  - The main responsibility is belong to the Vietnam enterprises to change the technological methods to reduce costs and diversify commodities, as well as the handshake between the manufacturer of the Association for finding strategic to regain ‘market share pie’ on our main markets.

 

 

 ○ Product

  - Ceramic tiles:

   · Ceramic tiles are the most popular flooring material today, made from terracotta. There are so many companies which are manufacturing and trading good quality domestic ceramic tiles as Dong Tam, Viglacera, My Duc, Thach Ban...

   · Advantages: There are many choices of designs, colors and sizes

   · Disadvantages: Not all kinds of ceramic are being coated and waterproofed. Fragile and dented if strike. Need the mortar lining cement and links when in construction

   · Price: depending on design and size, ranging from 120.000d/㎡ to 500.000d/㎡.

 

  - Enameled tiles:

   · Like ceramic tiles, porcelain enamel coating protects and creates patterns.

   · Advantages: There are many choices of designs, colors and sizes. Surfaces look like natural stones, harder than ceramic tiles, durable and virtually free maintenance.

   · Disadvantages: Slippery and cause uncomfortable feeling when going in barefoot or lying down for long time.

   · Price: depending on design and size, ranging from 160.000d/㎡ to 400.000d/㎡ brick

 

  - Granite stones and artificial stones:

   · Made from stone powder (particles), and colored adhesive, and then were laminated with high intensity and polished.

   · Advantages: Stiff, high abrasion resistance, waterproofing. Surface is easy to shadow, looks like natural granite stones, easy to clean; reasonable price. Use appropriate in the floors where many people go around,

   · Disadvantages: not diverse designs.

   · Price: Depending on the size and surface gloss, ranging from 90.000d/㎡ to 200.000d/㎡ brick

 

  - Natural stones:

   · Natural stones are granite, marble, slate stones that are sawn into boards or cut into finished surface briquettes

   · Advantages: Beautiful and luxurious, create a feeling of closeness with the nature. Granite is very hard, easy to create shadow but not smooth, often used in floors where have many people go round

   · Disadvantages: because it is a natural material, the pattern and size will depend on the timing and source of origin. Stone is thick (about 1.5~1.8㎝) and heavy.

   · Price: much depends on the specifications, the type and source of and stones, ranging from 500.000d/㎡ to 1.500.000d/㎡.

 

□ Wood Assembled Flooring panels (Parquet)

 

 ○ Since 10 years ago, wood flooring has been imported into our country mainly from Europe with some famous widely known brands such as Kronotex, Pergo, WITEX, ... and at this time, the price on the wood flooring was excessively high compared to other flooring materials such as ceramic tiles.

 

 ○ But at the present, wood flooring is massively imported into our country with the diversity of design styles and rich wood flooring materials, that is mostly imported from China, Malaysia and Thailand. In particular, Malaysian flooring products with famous brands such as Inovar, Janmi, Robina have preeminent properties that can fit well with Vietnam weather and the hot, humid climate of our country. The products of Thailand have good qualities according to European standards with waterproof, water-resistant, flame retardant... will meet the high demands of consumers not only for the product performance but also on aesthetics. Wood flooring market industry is still potential, though over time the business has been affected by the difficulties of the construction industry. Currently this product is used quite commonly, from high-grade offices, restaurants, resorts to the resident houses, apartments...

 

 ○ The sad thing is that although the market is increasingly attracted by wood flooring products, as many other types of construction materials now, the domestic wood flooring brands are still lack of diversity in the aspects of designs and prices. This market has a few dozen wooden flooring brands imported from foreign countries but no local products. High levels products include of German brand - Kronotex, Sweden brand – Pergo. The medium segment includes Inovar, Robina brands from Malaysia, Thailand’s Thaifloor. Chinese products almost dominate the low-end segment with dozens of brands, quite diverse designs. Chinese goods account for about 50%, from high-end product line to average product line.

 

 ○ Natural wood flooring

  - This material has always stood in the forefront of paving materials market. Natural Wood includes Giang Huong, Plug car, Pomu, Teak, Birch, Kenji ... with specifications (size of each sheet flooring) and different types of transplants. Natural wood flooring is usually 1.5 or 1.8㎝ thick.

  - Advantages: Durable, beautiful , friendly and comfortable feeling for the user ( warm in winter and cool in summer ) are features of this product. Natural wood flooring easy to clean, is not as hard as tile or stone .

  - Disadvantages: However, using this product may cost maintenance cost. Natural wood is not diversified in color and wood grain. Currently very few of natural wood floor has light color, the popular color is red-brown wood flooring. Sand and dust can accumulate in the joint parts between the floorboards.

  - Price: around 400.000/㎡ to 800.000d/㎡.

 

 ○ Plastic Flooring Panel

  - Plastic flooring panel now is the trendy flooring materials made from vinyl and some additives such as lime, patterned layer stone powder, wood lifelike. This products is increasingly used for many types of spaces like houses, offices, restaurants, hotels, shops and the villa, luxury apartment as well. Because of many advantages, such soft smooth surface, inflammable, not expansion, anti-slip, durability, warping, scratches, plastic flooring material gets more interest from customer than natural wood, ceramic brick.

  - This is the new product, which just has been in the market in the current 2~3 years. Almost the products are imported from China and Korea. The retail price for the product with the size of 84x940 is supplied from US$ 10~14/㎡ for the product from Korea and from US$ 8~10/㎡ for China. The Korean products are evaluated more highly for the design and surface color.

  - The brands of plastic flooring appearing in the market include Aroma, Conara, Galaxy Décor, Hanwha, Class from Korea. Most of China products have no brand and cheaper price. Of which, Aroma is seem be the most outstanding products for the good marketing and agent policies.

  - Now, there is no information for the import-export statistic of this product. However, according to almost of distributors and suppliers, these products are getting a very positive estimation and expectation for the trend and encouragement of using the green materials in construction for healthy requirement.

 

□ Import Tariffs

 

 ○ Import Tariffs of builder’s plastic materials – HS Code 3925 are included in the gridded table that follows:

 

HS Code	Description	Unit	MFN/ WTO	ATIGA	ACFTA	AKFTA	AJCEP	VJEPA	AIFT	VAT (%)
39.25	Builders’ ware of plastic, not elsewhere specified or included
3925.10.00	- Reservoir, tanks, vats and similar containers of a capacity exceeding 300 l	Unit	25	5	5		25	22	37.5	10
3925.20.00	- Doors, windows and their frames and thresholds for door	Unit	27	5	5		25	22	-	10
3925.30.00	- Shutters, blinds (including Venetian blinds) and similar articles and parts thereof	Unit	27	5	5		25	22	-	10
3925.90.00	- Other	Unit	20	5	5		25	22	-	10
39.25	Builders’ ware of plastic, not elsewhere specified or included
3925.10.00	- Reservoir, tanks, vats and similar containers of a capacity exceeding 300 l	Unit	25	5	5		25	22	37.5	10
3925.20.00	- Doors, windows and their frames and thresholds for door	Unit	27	5	5		25	22	-	10
3925.30.00	- Shutters, blinds (including Venetian blinds) and similar articles and parts thereof	Unit	27	5	5		25	22	-	10
3925.90.00	- Other	Unit	20	5	5		25	22	-	10

Note:

MFN: Most favored Nations (Korea belongs to this group of nations)

ATIGA: Asian Trade in Good Agreement

ACFTA: ASEAN – CHINA Free Trade Area

AKFTA: ASEAN – KOREA Free Trade Area

 

 

4. Potential Dealers

 

Company Name	Hoang Ha Trading Promotion Investment JSC
Business type	Private Company
Business field	Trading in décor and construction materials
Address	57 Nguyen Ngoc Vu, Cau Giay, Hanoi
Tel	+84-4-6328 0568
Fax
E mail	info.noithathoangha@gmail.com
Website	http://www.sannhua.net
Import countries	Korea, Taiwan, China, Thailand

 

Company Name	Vinahouse Décor JSC
Business type	Private Company
Business field	Trading in décor and construction materials
Address	237 Tran Dai Nghia, Hai Ba Trung, Hanoi
Tel	+84-4-62 934 923
Fax
E mail	noithatvinahouse@gmail.com
Website	noithatnhaviet24h.com
Import countries	Korea, Taiwan, China, Thailand

 

Company Name	Kovina Co., Ltd
Business type	Private Company
Business field	Trading in décor and construction materials
Address	No. 15, 379 Hoang Hoa Tham St., Ba Dinh Dist., Hanoi, Vietnam
Tel	+84-4-7300 1299
Fax	+84-4-7300 7871
E mail	nhankkovina@gmail.com
Website	www.kovina.vn
Import countries	Korea

 

Company Name	Fami Co., Ltd
Business type	Private Company
Business field	Trading in décor and construction materials
Address	5th Floor, 3D Building, Duy Tan, Dich Vong Hau, Hanoi, Vietnam
Tel	+84-4-3795 9176
Fax	+84-4-3795 9180
E mail	luatnv@fami.com.vn
Website	www.fami.com.vn
Import countries	China, Korea, Taiwan

 

Company Name	Truc Linh Investment JSC
Business type	Private Company
Business field	Trading in décor and construction materials
Address	219A Nguyen Ngoc Vu, Trung Hoa, Cau Giay, Hanoi, Vietnam
Tel	+84-4-2216 7168
Fax	+84-4-6673 7479
E mail	info@truclinh.vn
Website	www.truclinh.vn
Import countries	China, Korea, Taiwan

 

Company Name	Binh Gia Décor JSC
Business type	Private Company
Business field	Trading in décor and construction materials
Address	2406 - HH2 Cu Bac Ha Building, Nhan Chinh, Le Van Luong, Hanoi, Vietnam
Tel	+84-4-6295 6182
Fax	+84-4-3641 6182
E mail	Info@binhgia.vn
Website	http://www.binhgia.vn/
Import countries	China, Korea, Taiwan