GMC is a private limited enterprise owned by a number of well-known businesspersons in the sector of furniture manufacturing industry in Vietnam since 2000.
The company headquarters is located in the heart of the industrial parks in Thuan An City, Binh Duong Province (which is 23km from Ho Chi Minh City, and 7km from Thu Dau Mot City). Currently, it has two factories with more than 400 workers each, generated annual revenues ranging from 10 to 35 million USD, and was among the fastest growing companies in Vietnam.
Business activities
History
In 2006, 5 investors with well-established businesses in the industry of wooden furniture manufacturing came to an idea to create a new venture named Giang Minh Co., Ltd. (GMC)[2] to make a difference in the Vietnamese wooden furniture industry: a large-scaled and automatic well-equipped producer which follows strict industry standards in the sawing, cutting, processing, designing and packaging to offer quality furniture for export.
With that aim, GMC constructed 3 platforms (raw material processing, furniture processing, furnishing and packaging factories) and equipped with modern automatic machines while recruiting best workers and engineers in Binh Duong province.
In 2008 and 2016, it changed its way to becoming a small giant in the industry as the new Board of Management team has improved its management efficiency, production capacity and quality while closely cooperating with new customers in designing to make it a stronger wood processing competitor in the industry.
State of the business
Currently, GMC has produced and exported furniture made mainly from oak and acacia to the EU, UK, US and Australian markets. The US and UK are the new markets for GMC in recent years with rising orders from American and British high-end furniture retailers. With our expertise in processing acacia and oak timbers, the focus on high-quality control, on-time delivery, and our best furniture design team, GMC has made a reputation in its major export markets. GMC’s Board of Management is committed to making long-term and sustainable cooperation with our partners. We focus on the power of employees accompanying with modern machinery and flow production process to meet growing global demand for high-quality furniture in the years to come.
Since 2016, the company has made a greater effort in streamlining organising, enhancing management, and reducing production costs to sharpen our competitive advantage power while boosting exports to the US and UK markets.
The year of 2019 was our peak performance as GMC recorded a revenue of more than USD 35 million and a workforce of more than 1,000 employees and office staffs.
Between 2020-2022, we tried to overcome difficulties successfully in the turbulent time due to Covid pandemic. Now, GMC has developed even faster and bigger. We have constructed 8 brand-new factories and warehouses in the area of 10 hectares so that GMC can meet greater global supply which has been shifted from China to Vietnam.
[1] GMC was ranked 39th in the Vietnam’s fastest growing enterprises (FAST500) was officially released on March 30, 2011, by VietNamNet and Vietnam Report which access and rake 200,000 enterprises within 3 years (2008-2009-2010) in Vietnam. Recently in 2023, it was ranked in the top 50 of major Vietnamese furniture companies in export sector.
[2] GMC had registered capital of 500,000 USD in 2006, 01 million USD in 2010 and raised every year to more than 10 million USD by 2022.
Brief About
Giang Minh Wood Processing Limited Company (GMC) has operated in processing rubber, acacia, and oak timbers to make furniture jointly designed and ordered by foreign retailers and distributors. GMC exports directly or via local intermediary partners to the EU, the UK, the US and Australian markets. Established in 2006 in Binh Duong Province, GMC had a peak revenue of USD 35 million and 1,000 employees.