ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
058
059
Subsidiaries and Associates
An Cuong Wood – Working Manufacturing Co., Ltd.
Malloca Vietnam Co., Ltd
An Cuong Wood – Working Manufacturing Co., Ltd. operates in the same sector to that of the Parent company and makes a significant contribution to the overall ecosystem. Established and operating within an industrial park, the company benefits from a range of investment promotion incentives provided under applicable legal regulations.
Malloca Vietnam Co., Ltd. is a kitchen appliance brand registered under copyright in Spain. With over 20 years of development in Vietnam, Malloca has established a nationwide distribution network. In 2024, the company continued to maintain a strong financial position, operating profitably without any short-term or long-term borrowings.
Strong Growth
Kitchen Appliance Brand
1,743 VNDbn
20 years of
Over
in revenue
Over
development
297 VNDbn
In 2024, the company delivered robust growth with revenues exceeding VND 1,743 billion and NPAT of VND 297 billion. The company maintained a solid financial position, demonstrated by its low ratios of total liabilities to total assets (0.39 times) and total borrowings to total assets (0.2 times). AConcept Vietnam Co., Ltd
in net profit after tax
Thang Loi Homes JSC Thang Loi Homes JSC is a real estate developer operating The Win City and Central Park projects in Duc Hoa District, Long An Province. The projects are currently undergoing legal procedures, with no significant business activities recorded last year.
AConcept Vietnam Co., Ltd. offers furniture and decorative accessories, providing unique customer experiences. In 2024, the BOD initiated a strategic restructuring to streamline the company’s product portfolio and explore new business opportunities. AConcept maintained a stable financial structure, with no short-term or long-term borrowings.
Inspired by Experience
30 stores
Over
nationwide
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