Furniture in Viet Nam
Minh Duong
Furniture started as a family business in 2002 by Mr. Duong Minh Chinh & Mr Duong Minh Dinh. It is their father's final wish to have a small business to create jobs and income for family members and relatives. It was more a social purpose than business at the time.
With a small budget and Mr. Dinh's experience in wood processing field, they started Minh Duong Co. Ltd. Members at the time are all families and closed friends. Minh Duong bought a piece of land, materials, and employed workers. The company was founded in December 2002 and officially went into production in April 2003 with a small factory, 18m x 95m with around 50 to 70 workers. That was Factory 1.
As a new and small company, with no experience in local market as well as export market, Minh Duong struggled to find customers and gain trust from suppliers. The first 5 months was very difficult.
A great opportunity came when we met and established business relationship with Mr. Choi, a Korean customer who was looking for good manufacturers. Demand meets supply; together we build up extremely good export market. We expanded the reserved land to open to Factory 2. After one year, we already increased number of workers to 200 people and focused entirely on export market.
Over the following 5 years, as additional orders and opportunities became available, Minh Duong grew to 4 more additional factories. Minh Duong bought extra land in the same location, bringing the total area to 4.7 hecta as it is today.
On 11 December 2007, Minh Duong changed its name to Minh Duong Furniture Corporation with the charter capital of 65.5 billion VND. Foreseeing the fast development of Vietnam's furniture industry and determined to leverage on its current revenue, Minh Duong invested in opening another 3
indoor furniture manufacturing companies Tam Binh, Thanh Duong & Chu Lai.
Tam Binh Wood Processing & Exporting Company
10-year lease from March 2005.
Area: 2.5 hecta
Address: An Bình Ward, Di An Town, Binh Duong Province, Vietnam
Thanh Duong
Furniture Corporation
Fully-owned – February 2009
Area: 3 hecta
Address: Ong Dong Hamlet, Tan Hiep Ward, Tan Uyen Town, Binh Duong Province, Vietnam
Minh Duong Chu Lai Furniture Corporation
Fully-owned – December 2009.
Area: 6.5 hecta
Address: Slot 10, Street No. 4, North Chu Lai Industrial Zone, Tam Hiep Ward, Nui Thanh Town, Quang Nam Province, Vietnam
In 2009, Minh Duong decided to focus on developing its brand name in Vietnam's local market. Minh Duong Furniture Trading Corporation was founded in August 2010 with 2 showrooms to offer quality home furnishings to Vietnamese customers.
Showroom Nguyen Thi Minh Khai Showroom Cong Hoa
2011: Minh Duong received ISO 9001:2008 certified by Bureau Veritas.
2012 –10 years of Minh Duong:
MINH DƯƠNG is aware of the importance of changing management system, training staff's skills and attitude, upgrading technology to achieve more stable progress and improve our corporate's management level with customers in particular and in Asian region in general.
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