PROLooking for more than just a company report? Upgrade to Pro now

MILLENNIUM FURNITURE CO., LTD

Active

Business ID 4300804979

84-255 / 6262 030

MILLENNIUM FURNITURE CO., LTD

Active

Business ID 4300804979

84-255 / 6262 030

MILLENNIUM FURNITURE CO., LTD

Active

Summary

Name:

MILLENNIUM FURNITURE CO., LTD

Business ID (TIN):

4300804979

Date of Registration:

22 Aug 2017

Registered Office:

Quang Ngai Province Department of Finance

Address:

No. 1, Road No. 1, Viet Nam - Singapore Industrial Park, Quang Ngai Province, Vietnam

Phone:

84-255 / 6262 030

Financial Statement:

2020, 2021, 2022, 2023, 2024

MILLENNIUM FURNITURE CO., LTD (Business ID: 4300804979) has quickly emerged as a significant force in Vietnam’s export-oriented furniture sector. Despite operating for just over seven years, this foreign-invested enterprise has demonstrated remarkable growth and resilience in a highly competitive market.

Legal Profile and Ownership

Established on August 22, 2017, the company operates as a one-member limited liability company and is 100% owned by CAPITAL CITY ASSETS LIMITED, a firm registered in the British Virgin Islands. With a charter capital of USD 7.57 million, the business is fully capitalized and headquartered at No. 1, Road No. 1, Vietnam - Singapore Industrial Park, Quang Ngai Province.

The enterprise is led by Mr. Lien Andrew Michael, an American national who serves as both Chairman and General Director. With a workforce of approximately 6,000 employees, MILLENNIUM FURNITURE CO., LTD contributes significantly to employment and economic activity in central Vietnam.

Financial Performance: Impressive Profit Surge in 2023

In 2023, MILLENNIUM FURNITURE CO., LTD posted outstanding financial results:

Sales rose by 27.67%, reaching USD 257.71 million.
Profit surged by a staggering 383.3%, reaching USD 23.09 million, a major rebound from the dip in 2022.
Owner's equity climbed to USD 58.13 million, up 65.91% year-over-year.

While total assets slightly decreased to USD 123.76 million, the company reported a negative working capital of USD -11.47 million, highlighting an area to monitor in terms of liquidity management.

Core Business and Expansion Potential

MILLENNIUM FURNITURE CO., LTD specializes in manufacturing leather and fabric sofas, mattresses, beds, cabinets, and other household furnishings. The company also engages in a broad range of registered activities, including wholesale trade, consultancy, data services, and even electric power generation, indicating a diversified and forward-looking business model.

With its strategic location in the Vietnam-Singapore Industrial Park (VSIP) and consistent export performance, the company stands well-positioned to benefit from global demand for Vietnamese-made furniture.

Verified Company Insights by VBI

For professionals seeking a comprehensive company report on MILLENNIUM FURNITURE CO., LTD, including financial health, ownership structure, and creditworthiness, Vanguard Business Information LLC (VBI) offers fully verified and up-to-date data. VBI’s Company Credit Reports, Risk Assessment Services, and Litigation Searches empower importers, investors, and financial institutions to make informed decisions.

Discover more about this company or others like HAOHUNGCO.LTD and TIMBERLAND COMPANY LIMITED by visiting vnbis.com, where transparency meets accuracy in Vietnam’s corporate landscape.

Legal Profile

English Name:

MILLENNIUM FURNITURE CO., LTD

Vietnamese Name:

CÔNG TY TNHH MILLENNIUM FURNITURE

Business ID (TIN):

4300804979

Date of Registration:

22 Aug 2017

Registered Office:

Quang Ngai Province Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

LIEN A.M

Address:

No. 1, Road No. 1, Viet Nam - Singapore Industrial Park, Quang Ngai Province, Vietnam

Phone:

84-255 / 6262 030

Business Sector

Key business lines:

VSIC:

3100 Manufacture of furniture

NACE:

31.01 Manufacture of furniture

Industry Sales Growth

CAGR (2019 - 2023)

0.95%

YoY (2023)

-8.30%

Companies by industry

Company distribution and propportions

8,777

0.3019%

Key Industry Players

Top 10 companies in manufacture of furniture industry

rochdale spears co., ltd vietnam hang lam furniture company limited. phu tai joint stock company glory oceanic (vietnam) co., ltd wanek furniture limited liability company nitori furniture vietnam epe millennium furniture co., ltd jason furniture viet nam company limited happy furniture (vietnam) co.,ltd. keeson (binh duong) company limited

Payment History

Purchase the report to access company details.

Financial Performance

Assets	87.50%
Owner’s Equity	-90.65%
Working Capital	71.69%
Net Worth	15.90%
Sales	-20.02%
Operating income	99.88%
EBIT	-65.55%
Gross Profit Margin	22.15%
Debt to EBITDA	27.33%

📈 📊

Company Reports

Company Profile Report

Legal Profile

Contact and Location

Legal Representative

Shareholders

Business Operation

Assets

Owner's Equity

Sales

Profit

Company Standard Report

Legal Profile

Business Locations

Legal Representative

EBT

EBITDA

Working Capital

Tangible Net Worth

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Comprehensive Report

Report Summary

Legal Profile

Historical Information

Business Locations

Subsidiary and Affiliated Company

Management and Directors

Shareholders

Business Operation

Suppliers

Buyers

Credit Limit

Industry Information

Key Industry Players

Competitors

Negative Payment Records

Banking Information

Litigation Records; Negative News

Financial Ratios

Balance Sheet

Profit and Loss Statement

Cash Flow Statement

Opinion from Analysts

Specific Questions About MILLENNIUM FURNITURE CO., LTD

When did MILLENNIUM FURNITURE CO., LTD start operating?

MILLENNIUM FURNITURE CO., LTD was started in 22 Aug 2017

What industry does MILLENNIUM FURNITURE CO., LTD operate in?

MILLENNIUM FURNITURE CO., LTD is operating in "Manufacture of furniture" industry

How can I contact MILLENNIUM FURNITURE CO., LTD?

MILLENNIUM FURNITURE CO., LTD phone numbers is 84-255 / 6262 030

What adverse news is there about MILLENNIUM FURNITURE CO., LTD?

MILLENNIUM FURNITURE CO., LTD’s has no negative news

What is stock symbol of MILLENNIUM FURNITURE CO., LTD?

MILLENNIUM FURNITURE CO., LTD is not listed company

Where is the location of MILLENNIUM FURNITURE CO., LTD?

MILLENNIUM FURNITURE CO., LTD is located at No. 1, Road No. 1, Viet Nam - Singapore Industrial Park, Quang Ngai Province, Vietnam

What is MILLENNIUM FURNITURE CO., LTD’s business registration?

MILLENNIUM FURNITURE CO., LTD business registration is 4300804979

My Order (0)

MILLENNIUM FURNITURE CO., LTD