VIETNAM YONG YU FLOORING COMPANY LIMITED

VIETNAM YONG YU FLOORING COMPANY LIMITED (CÔNG TY TNHH SÀN NHÀ VĨNH DỤ VIỆT NAM) is a foreign-invested enterprise that has established itself as a significant player in Vietnam’s plastic and flooring manufacturing industry. The company was officially registered on March 22, 2019, under Tax Code 3702753786, with the Binh Duong Province Department of Planning and Investment. Its head office is located at Lot 2D1, Road CN7-CN8, Tan Binh Industrial Park, Tan Binh Town, North Tan Uyen District, Binh Duong Province, Vietnam.

Over its more than six years of operation, Vietnam Yong Yu Flooring has built a strong reputation in the manufacturing of wood-plastic SPC flooring, with operations that also extend to carpentry, joinery, and the production of various plastic and wooden articles. The company currently operates three major facilities within Tan Binh Industrial Park, supporting its capacity to meet both domestic and international demand.

As of December 31, 2023, the company reported total assets of approximately USD 162.67 million and annual revenue of USD 173.79 million, marking strong year-over-year growth of 47.04% in assets and 15.82% in sales. Despite a slight decrease in net profit by 14.85%, the company still earned a profit of over USD 13 million. Its equity base rose significantly to over USD 63.2 million, reflecting the company’s consistent reinvestment and financial stability.

The company is led by Chairman cum Director Mr. Chen Yong Xing, with General Director Mr. Zhang Yong Fei. Both are Chinese nationals, and the firm’s ownership is divided between two Hong Kong-based companies: HONGKONG YOYU INTERNATIONAL LIMITED holding 50.69%, and FANCYHOMES INVESTMENT (HONGKONG) CO., LTD owning 49.31%.

With a workforce of 550 employees and a paid-up capital of over USD 10.9 million, VIETNAM YONG YU FLOORING COMPANY LIMITED is well-positioned to serve as a reliable supplier of SPC flooring and related building materials. Its strategic location in Binh Duong—one of Vietnam’s leading industrial provinces—further enhances its logistical capabilities and access to export markets.

For investors, partners, and clients looking to assess this company's legitimacy or financial health, VANGUARD BUSINESS INFORMATION LLC (VBI) offers comprehensive business verification, litigation history checks, and private financial reporting services. This is particularly crucial when engaging with foreign-invested enterprises in Vietnam where transparent financial insight is key to minimizing risk and making sound business decisions.