Lamphong Produce And Investment Company Limited (Vietnam)

Initially, the subject was founded in Mar 2021 as a domestic company. Three months later, it was acquired by JIANGSU SUNWELL CABINETRY CO., LTD, a China-based company. Currently, the subject is engaged in manufacturing wooden kitchen cabinets for exporting to the USA. The company has imported sawn wood, paints, and accessories for kitchen cabinets, machinery and equipment from China.According to the Chief Accountant, thanks to receiving abundant orders from American clients, the subject generated a big net revenue in the second year of establishment, reaching nearly VND 767 billion. Moreover, it generated about VND 680 billion of net revenue in the first nine months of 2023, equaling about 88.6% of that value. However, the post-Covid economic recession has affected gradually on needs of the subject's clients since the last quarter of 2023. As a result, its target revenue growth rate is only about 10% for the whole year 2023 compared to the previous year, she added.