AN CUONG WOOD - WORKING JOINT STOCK COMPANY

AN CUONG WOOD - WORKING JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN GỖ AN CƯỜNG), tax code 3700748131, is widely regarded as Vietnam’s premier manufacturer and distributor of wood-based interior decoration materials. With over 18 years of industry presence, the company operates from its main headquarters at Land Plot No. 681, Map Sheet No. 5, DT 747B Street, Phuoc Hai Quarter, Thai Hoa Ward, Tan Uyen City, Binh Duong Province, and maintains branches and showrooms in key markets including Ho Chi Minh City.

Listed on HOSE under the ticker ACG, AN CUONG has developed a strong reputation for innovation in furniture surfaces, kitchen cabinetry, smart interior accessories, and full-suite home solutions. As of Q3 2024, the company employed 2,478 people, reflecting its status as a large-scale player in both domestic and export segments. It is jointly owned by major stakeholders including NC Viet Nam Investment Co., Ltd. (50.05%), Sumitomo Forestry (Singapore) Ltd. (19.61%), and Whitlam Holding Pte. Ltd. (18.07%), affirming its mix of local leadership and foreign strategic investment.

In 2024, AN CUONG WOOD - WORKING JOINT STOCK COMPANY reported USD 231.69 million in total assets and USD 163.55 million in revenue, up 5.8% year-over-year. However, profit declined slightly to USD 17.25 million, down 3.83% from 2023. This came after a much steeper decline the previous year, where profit fell over 29% in line with a sharp drop in sales. While the company holds a solid equity base of USD 171.56 million and maintains USD 109.65 million in working capital, the downward profit trend highlights the need for efficiency gains in an increasingly competitive market.

From a risk analysis perspective, the firm remains well-capitalized and financially stable, making it a subject of interest for business information providers and investors looking to assess long-term value in Vietnam’s industrial manufacturing sector. For those conducting business verification or analyzing Vietnam private financial data, AN CUONG offers one of the clearest profiles of operational scale, international partnership, and listed transparency.

The company’s strength lies in its vertically integrated business model, which includes material production, logistics, warehousing, design consultancy, and end-user delivery. With rising demand for premium furniture and sustainable housing in Vietnam and Southeast Asia, AN CUONG’s positioning as a high-quality brand gives it a competitive edge—yet cost pressures and shifting consumer behavior may test its adaptability.

AN CUONG WOOD—WORKING JOINT STOCK COMPANY is not just a household name in Vietnam’s wood and furniture industry—it is a public symbol of how domestic brands can scale, internationalize, and lead in innovation. However, its continued success will depend on its ability to protect margins, develop export channels, and remain agile in a sector facing both global and regional headwinds.