Stationery producer Thien Lengthy to extend outbound funding

Thien Lengthy Group – a Vietnamese producer of writing tools and workplace stationery – has simply adjusted the abroad funding capital for its Flexoffice mission – a model specializing in each home and export merchandise – from $814,400 to $1.3 million.

Stationery manufacturer Thien Long to increase outbound investment

This capital contribution is supplied from the investor’s fairness.

Thien Lengthy mentioned that the primary motive for the capital enlargement is to take care of and stabilise its outbound funding tasks, notably after years of the pandemic and financial recession.

The brand new adjustment is anticipated to assist Thien Lengthy to analysis, discover, and faucet into different potential markets, similar to neighbouring nations like Malaysia, the Philippines, and Indonesia, amongst others. The Vietnamese company hopes to cooperate with different overseas companions to realize entry to their native know-how and networks.

The Flexoffice mission was established by Thien Lengthy in 2019 to deal with the wholesale, import, and export of workplace provides, faculty provides, plastic instructing aids, and processed plastic merchandise in Vietnam and Singapore.

Over the previous 35 years, Thien Lengthy and FlexOffice have grow to be one of the vital well-liked manufacturers in Asia. A variety of FlexOffice merchandise is presently being exported to greater than 60 nations with consultant workplaces established all through Europe and Asia.

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Aside from candy positive factors, outbound funding ventures of many native teams are additionally strewn with many pitfalls.

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By Trung Duong

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