MILLENNIUM FURNITURE CO., LTD

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.