01

Overview

19 Forestry Joint Stock Company was established on October 1, 1990. It was transformed from state-owned company into joint stock company on October 19, 2004 on decision No. 3595/QĐ/BNN-TCCB by Vietnamese Ministry of Agriculture and Rural Development. The company officially started operating pursuant to Enterprise Law on January 1, 2005.

1. General information about the company:

Vietnamese name                              : Công ty cổ phần lâm nghiệp 19

International transaction name in English : 19 Forestry Joint Stock Company

Abbreviated name in English                 : 19 FORSCO

Address                                           : No. 71 Tay Son Street, Ghenh Rang Ward
                                                      
Qui Nhon City, Binh Dinh Province, Vietnam

Telephone number                             : 056.3846522

Fax                                                 : 056.3847929

Email                                               : forest19@dng.vnn.vn

Website                                           : http://www.forestry19.vn

Business registration licence number       : 4100258994 issued on June 12, 2012 by Binh Dinh Provincial Department of Planning and Investment (the 4th revision of the business registration licence)

2. History and development of the company:

Predecessor of the 19 Forestry Joint Stock Co., the 19 Forestry State-owned Company, was established on October 1, 1990. It was transformed into joint-stock company on October 19, 2004 on decision No. 3595/QĐ/BNN-TCCB by Vietnamese Ministry of Agriculture and Rural Development. The company officially started operating pursuant to Enterprise Law on January 1, 2005.

Thus, 2005 was an important turning-point to the company, starting a new road of development with legal capital of 6 billion VND, in which 1.8 billion VND (30%) owned by the State. Since then, the company has been stably developing with every passing day.

In 2007: The legal capital increased to 9.5 billion VND, in which 2.85 billion VND (30%) owned by the State.

In 2008, the company invested in an assembly line at No.3 Workshop, An Nhon Furniture Factory. Another factory, the Bong Hong Furniture Factory, was invested to build an exported rattan production workshop.

In 2011: The legal capital increased to 14.25 billion VND, in which 4.275 billion VND (30%) owned by the State.

The company built a 29,117-square-metre indoor furniture factory at Nhon Hoa Industrial Park, An Nhon Town with total investment of over 31 billion VND.

In 2012, the factory was put into operation, producing export goods.

In September 2013, the Bong Hong Furniture Factory was granted BSCI certification. 

The company is on thriving development, particularly after the transformation of the enterprise. Its infrastructure has been improved and expanded with over 100,000-square-metre workshop area, and synchronous, modern machinery. The company has qualified and experienced management staff, skilled and devoted technical workers and production capacity of 80 containers per month. Its annual export values reach 10 million USD and its profits increase yearly. More than 900 employees of the company have been enjoying stable jobs and incomes. Good financial health, good capital preservation, good customer trust gaining, high-quality products, improved production capacity, reasonable prices and highly appreciated human love - these lay foundations for the establishment and development of the 19 Forestry Joint Stock Co.