Huong Thuy LLC established itself with an initial investment of 600,000,000 VND
and a staff of 10 employees including the founders Mr. Dao Ly and Mrs. Hoang
Thu Huong. In 1999 the company increased its initial investment to
Mr.Dao Ly and Mrs. Hoang Thu Huong founded Huong Binh Company in Da Nang with
an initial investment of 200,000,000 VND with the task of distributing Huong
Thuy LLC’s products to the middle area of Vietnam. In 2003 the company
increased its initial investment to 1,800,000,000 VND.
Thuy opened a branch in Hanoi with the purpose of expanding their distribution
system to the northern provinces.
the running success of Huong Thuy LLC, the founders Mr. Dao Ly and Mrs. Hoang
Thu Huong established a new logistic company named New Land. Its initial
investment was 18,000,000,000 VND and the company is located at Song Than
Industry Park, Binh Duong province. The new company and facility was fitted
with only the best and finest equipments, capable of storing up to 4000 pallets
of products. In January of 2007, due to the ever growing business, New Land
increased its investment to 27,000,000,000 VND.
Thirteen years since the establishment of Huong Thuy LLC, the company has now
become one of the biggest and most reputable Vietnamese companies in
importation and distribution of consumer goods in Vietnam.
Vietnam is in the process of joining the WTO, for the new stage of devolopment
, Huong Thuy LLC. changed its name to Huong Thuy Corporation in June of
2007,with a professional staff of up to 400 people. Huong Thuy Corporation now
has efficient systems of offices, warehouses, and distribution centers in the
three largest cities in Vietnam, including Hanoi, Ho Chi Minh, and Da Nang.
Tokyo based Sojitz has purchased 25 percent of the shares issued by Huong Thuy
Corporation. The new agreement will help turn Huong Thuy into one of the biggest
importers and distributors in the country.
- Can Tho
& Dong Nai Branches established
Sojitz Group increased share to 51% and Kokubu & Co. joined Huong Thuy Corp. with 19% of share.