SBV [NON-RATED] - Undisputed leader in a niche market - Visit Note

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We visited SBV during June 2017 and were warmly welcomed by the management team. SBV is a leader in the fishing cordages market in Vietnam, primarily supplying anchoring ropes, fishing ropes and fishing nets to offshore fishing vessels. According to management, SBV holds a 40% share of the total fishing cordage market and a 90% share of the offshore segment, and is a price leader due to its strong brand.
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