The subject specializes in manufacturing and trading wood furniture. Its materials for production are imported from Finland, Canada, the USA, Sweden, China, etc. Most products are exported to two main markets including Japan (44%) and USA (54%). As shared by Mr. Tran Dinh Huy - Chief Accountant, the production in 2021 was temporarily suspended from Aug 2021 to Sep 2021 due to the impact of the COVID pandemic. During that time, the subject's products could not be exported. Therefore, revenue in 2021 had a reduction and the subject fell into the loss situation. The business in 2022 had a slight improvement; however, the orders were still decreased compared to 2020. The orders in the first month of 2023 was quite stable. Vien Hoa Wood Industry Company Limited is also managed by Mr. Wu Cai Song – General Director and invested by two individuals. As shared, in fact, this company is considered as the subject's second factory that was put into the production in May 2022. Therefore, about 300 staffs the subject was moved to Vien Hoa Wood. Currently, the subject's operation is stable with 400 staffs.
Headquarters
Khanh Loc Quarter, Khanh Binh Ward
Binh Duong; South Eastern Vietnam;
Postal Code: 75000
Contact Details: Purchase the Vien Lam Company Limited report to view the information.
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