TIMBERLAND COMPANY LIMITED

TIMBERLAND COMPANY LIMITED (Business ID: 3700762351) is a foreign-invested enterprise operating actively in Vietnam for over 18 years. Founded on November 9, 2006, and registered with the Department of Planning and Investment of Binh Duong Province, the company has firmly positioned itself as a leading manufacturer of leather and fabric-covered sofas for export markets.

Legal and Operational Structure

Operating as a one-member limited liability company, TIMBERLAND COMPANY LIMITED is wholly owned by MANWAH VIETNAM (BVI) LIMITED, a British Virgin Islands-based entity. The company is led by Mr. CHEN, JIAFU, a Chinese national serving as General Director, supported by Deputy General Director Ms. PHAN THI CAM TU of Vietnamese nationality.

With its head office located at Land Lot No. 345, Map Sheet No. 35, Binh Chanh Quarter, Khanh Binh Ward, Tan Uyen City, Binh Duong Province, the company employs approximately 5,600 workers.

Financial Performance and Growth

TIMBERLAND COMPANY LIMITED demonstrated a notable financial turnaround in 2023:

• Total assets increased by 21.34% to USD 186.67 million.

• Owner's equity grew impressively by 169.67%, reaching USD 11.46 million.

• Annual sales amounted to USD 267.01 million, marking a modest 2.32% growth.

• Most significantly, net profit surged by 185.03% to USD 7.21 million, reversing the prior year's decline.

However, the company reported a negative working capital of USD -78.29 million, indicating potential liquidity challenges despite its profitability.

Business Activities and Market Focus

The company’s core business lies in manufacturing leather and fabric sofas for export, positioning it as an important exporter in Vietnam’s furniture sector. In addition, it is registered to engage in trading of real estate and land use rights and provides ancillary business support services.

Outlook

With a steady increase in equity and profit, TIMBERLAND COMPANY LIMITED appears to be recovering strongly from prior financial pressures. Its large-scale operation, stable export-oriented business model, and experienced management team signal a solid foundation for continued growth—albeit with a need for improved liquidity and working capital management.

As Vietnam continues to grow as a manufacturing hub, TIMBERLAND COMPANY LIMITED stands out as a dynamic example of FDI success, contributing both employment and export value to the national economy.