Millenium Group Gains on Opening Vietnam Facility

Millennium Group International Holdings Limited (NASDAQ: MGIH) shares were positive in the first hour on Monday, as the Hong Kong-based firm, a well-established supplier of paper-based packaging solutions, announced the official commencement of operations at its new state-of-the-art manufacturing facility in Vietnam. Following a successful trial run in January 2025, this milestone reinforces Millennium’s commitment to global expansion and aligns with its strategic roadmap outlined in the Company’s initial public offering in April 2023.
“Strategically located in Hung Yen Province, Vietnam,” according to the morning news release, “the new facility is equipped with cutting-edge machinery to manufacture high-quality color boxes and packaging for sports products, electronics, toys and fast-moving consumer goods.”
The new facility reportedly enhances Millennium’s ability to meet global demand while maintaining its high-yield offset printing standards and improving production efficiency.
The Vietnam facility also integrates an intelligent water and power monitoring system to track resource usage in real time, underscoring Millennium’s strong commitment to sustainability and environmental responsibility.
“With years of experience providing supply chain solutions in Vietnam, establishing a production facility locally allows us to better serve domestic and international customers,” said Matthew Lai, Chairman of Millennium.
“With the growing demand for high-quality, sustainable packaging solutions, we will continue to accelerate our global expansion and deepen our commitment to environmental and social responsibility while generating improved shareholder value.”
MGIH shares took on five cents, or 1.7%, to $1.70.