Thien Long Group – a Vietnamese manufacturer of writing equipment and office stationery – has just adjusted the overseas investment capital for its Flexoffice project – a brand focusing on both domestic and export products – from $814,400 to $1.3 million.
This capital contribution is provided from the investor's equity.
Thien Long said that the main reason for the capital expansion is to maintain and stabilise its outbound investment projects, particularly after years of the pandemic and economic recession.
The new adjustment is expected to help Thien Long to research, explore, and tap into other potential markets, such as neighbouring countries like Malaysia, the Philippines, and Indonesia, among others. The Vietnamese corporation hopes to cooperate with other foreign partners to gain access to their local know-how and networks.
The Flexoffice project was established by Thien Long in 2019 to focus on the wholesale, import, and export of office supplies, school supplies, plastic teaching aids, and processed plastic products in Vietnam and Singapore.
Over the past 35 years, Thien Long and FlexOffice have become one of the most popular brands in Asia. A range of FlexOffice products is currently being exported to more than 60 countries with representative offices established throughout Europe and Asia.
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