Hung Phat International Trade Investment Joint Stock Company, a distributor of imported flooring products, has announced plans to expand its market presence and become one of Vietnam's largest suppliers.
The company, which has been an exclusive distributor for Malaysia's Robina Flooring Sdn Bhd for 10 years, also unveiled a series of new products at a conference in Ho Chi Minh City Friday.
Vu Giao Long, chairman of Hung Phat, said his company aims to partner with top producers around the world in order to become the leading supplier of flooring products in Vietnam.
The company saw a 30 percent increase in sales in the first eight months compared to the same period last year.
It targets an average 30 percent rise in revenues over the next five years and a 15 percent market share in 2017.
According to the company, the use of wooden flooring has become more popular in Vietnam recently and the country is a market with very high potential.
Loo Weng Tat, sales and marketing manager of Robina, said at the conference that through Hung Phat, his company wants to supply the Vietnamese market with high-quality and reasonably priced flooring products.