Cadivi to open more overseas distribution networks
(VOV) - Vietnam Electric Wire and Cable Limited Company (Cadivi) is to set up three more distribution networks in Cambodia, Myanmar and Japan this year, bringing the total number of networks abroad to 13.
At a ceremony marking the company’s 40th anniversary and receiving the first class Labour Order on October 4, Cadivi Director General Nguyen Loc revealed that next year, his firm plans to build a factory in the north at a total cost of around VND200 billion in the first phase.
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As many as 2,200 Cadivi agents are currently operating in the home market. Last year’s revenue hit more than VND5 trillion and its dividend has always stood at 30% for years.