History of SOUVANNY
Souvanny Home Center Public Company (“the Company” or “SVN”) operates a one-stop shopping-home center which provides both services and full-ranged products from construction material to home supplies and decoration such as, tile, sanitary ware, paint, home, and office decoration material, furniture and others. Moreover, the Company also has services including the product recommendation to customers, interior design for kitchen and restroom, and product delivery. Most of the imported products of the Company are of high quality with well-known brands easily recognized and effectively managed by the modern computer system, focusing on distribution and warehouse systems. The products can be separated over 20 categories vary on the customers’ needs under the slogan that “improving products and services to each market level with high quality, keeping working procedure to gain the standard, satisfying customers, and continuous development”. The Company’s distribution channel is to sell through its own modern trade showrooms under the Lao PDR.’s top brand “Souvanny”.
Souvanny’s shop was established in 1988 by Mrs. Souvanny SOUKHABANDITH (Mrs. Souvanny), Mr. Waddana SOUKHABANDITH (Mr. Waddana), and Mr. Phannola SOUKHABANDITH (Mr. Phannola).
Years and important events
Year 1988
Souvanny shop was established from the vision of Ms. Souvanny seeing economic growth opportunity in Lao PDR, construction and infrastructure industries in particular, together with Mr. Waddana who just graduated in architecture and had a lot of experiences in construction. At this time was also the period of Government support to promote the economy. As such, they decided to start the distribution business of construction materials in a shophouse (approximately area 50 sq.m) at Sisawat Village, Chanthabuly District, Vientiane Lao PDR. However, currently, it becomes a sub-branch (Thongkhankham branch) with the registered capital LAK 3,250,000.
Year 1993
According to the rapid growth in the construction industry in Lao PDR, the need for construction material products was increased, causing higher competition in the industry, leading the Company lost track of cost management. However, the Company eventually found the ways to directly buy the products from the suppliers in a time that the Government promotes international trades on the Thai-Lao border, leading the Company to be able to overcome its competitors. To improve the Company structure, the Company was registered as Souvanny Trading Export-Import Sole Company Limited with registered capital LAK 100,000,000.