WANEK FURNITURE LIMITED LIABILITY COMPANY

WANEK FURNITURE LIMITED LIABILITY COMPANY (CÔNG TY TNHH KỸ NGHỆ GỖ HOA NÉT): A Foreign-Owned Powerhouse in Vietnam’s Furniture Export Industry

WANEK FURNITURE LIMITED LIABILITY COMPANY (CÔNG TY TNHH KỸ NGHỆ GỖ HOA NÉT), headquartered in My Phuoc 3 Industrial Park, Binh Duong Province, stands out as one of the leading players in Vietnam’s furniture manufacturing sector. Operating since 2012, the company benefits from Vietnam’s global positioning as one of the top five furniture exporters worldwide—thanks to affordable labor, large-scale production capacity, and favorable trade policies.

The company specializes in sewing and cutting fabric/leather-covered sofas, as well as manufacturing PU components and wooden furniture. It supplies major global brands and supports large export volumes. With more than 3,500 employees, it maintains one of the largest furniture manufacturing operations in southern Vietnam.

In 2023, WANEK FURNITURE recorded a strong financial recovery, with revenue reaching USD 418.9 million, up 17.77% from the previous year. Even more significantly, profit soared to USD 49.5 million, marking a remarkable 659% increase year-over-year. These numbers reflect not only post-pandemic market recovery but also improved cost control and possibly higher-value orders.

The company’s assets climbed to USD 183.77 million, and equity rose by 73.27%, indicating a strengthened balance sheet. With nearly USD 90 million in working capital, the firm is clearly in a healthy financial position compared to many other manufacturers in the same sector.

WANEK FURNITURE operates under foreign ownership and is part of a global supply chain, with multiple production and warehouse sites across Binh Duong. Despite its size, the company maintains a focused business model centered on contract manufacturing rather than brand ownership.

For businesses seeking partnerships, logistics services, or procurement engagements, it’s essential to validate financial performance and legal standing—especially in high-volume sectors like furniture. Independent insights into WANEK FURNITURE LIMITED LIABILITY COMPANY’s private financials and operational risks are available through the Business Verification and Risk Management Service by Vanguard Business Information (VBI), which offers exclusive, detailed data on Vietnamese companies.

WANEK FURNITURE's 2023 results suggest that Vietnam’s furniture industry remains competitive on the global stage—but as always, in-depth due diligence remains key before any engagement.