Nowadays, Vietnam’s position in the global economic landscape has become increasingly prominent. With its strategic geographical location, abundant labor resources, and rapidly developing economy, Vietnam has emerged as a critical destination for international businesses expanding overseas.  

In 2024, Vietnam imported $144 billion worth of goods from China, an increase of $33.35 billion compared to 2023, the increase rate reached 30.1%. China has remained Vietnam’s largest trading partner for over two decades.  

On October 17, 2024, SIFENG and FUHSING jointly established a new company in Vietnam—Fortune New Materials Vietnam Co., Ltd. The office is located in Binh Thanh District, Ho Chi Minh City, with nearly 150 square meters, and office near the Binh Duong Industrial Zone and Dong Nai Port. On the one hand, Fortune New Materials will continue to promote its parent company's excellent philosophy of serving customers for nearly a century. We will have personnel from the parent company working in Fortune New Materials. On the other hand, to enhance communication with local Vietnamese businesses and communities, the company has recruited several local employees, ensuring efficient and convenient services for our customers.

At the same time, Fortune New Materials Vietnam Co., Ltd. has established a third-party cooperative warehousing and logistics in Dong Nai Province, providing one-stop chemical solutions for customers in all provinces and cities in southern Vietnam.