The name MIFACO derived from the acronym of its local name Minh Phat Company, full company name is Minh Phat 2 Company Limited. The word Minh means Intelligence and Phat means Development in Vietnamese language. Number 2 after the name Minh Phat was the idea of its owner to differentiate between his previous co-owned company and his newly own one. The company was officially founded in 2003 under the management of Mr Dien Quang Hiep- the CEO who had been the co-owner of Minh Phat Ceramic & Porcelain Co.,ltd in the early time of 2003.
MIFACO started its business as a zinc ware and wooden furniture manufacturer at the beginning. Untill the middle of 2008, it officially quit producing zinc products and focused on producing wooden furniture.
MIFACO employs 800 people in full time. Its products have been sold worldwide, especially to North America. It was listed as the 12th supplier of Pier 1 Imports in 2009.
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