1989 – 2002: Foundation and Strategic direction
Founded on 13th May 1989, First District Producing Import-Export Trading and Service Company started the business with difficulties in Skill – Finance – Human Resources, however, this did not deter the first founding members of the company. With the spirit of confidence and progression, only in a short period when the economy changed from the mechanism of subsidization to market, the company began participating in the import export market with the main business field of agricultural products, of which the company had achieved very high export sales; developing the car rental services and tourism; doing the business in assembling two-wheeled motorcycles and investing in land projects.
2002-2009: Expanding the business systems
The year 2002 marked a new turning-point to change the company from a state-owned company into a joint stock company with the name First District Producing Import-Export Trading and Service Joint Stock Company (FIMEXCO) which officially ran the business on 1st March 2002 in the integration period with so many difficulties and challenges in finance, human resources, business environment,…
In April 2002, the establishment of Western Ford JSC (WTF) to trade automobiles.
In March 2005, the establishment of Western Mekong Co., Ltd. After several changes of name and form of ownership, it officially became Golden Lotus Service Development JSC in August 2008.
In November 2005, the establishment of Western Service Co., Ltd, and the company later was changed to become First Import Export and Office Service Co., Ltd nowadays.
In December 2005, the establishment of Western Telecommunication and Trading Co., Ltd, and the company was changed to become First Import Export Trading and Service Co., Ltd nowadays.
2009- present: Stability and Development
In 2009, on the 20th anniversary of the company establishment, the company confirmed the Fimexco brand-name with the new image of a new and modern logo. This year Fimexco also began to invest in trading motorcycles, and nowadays the company is Motorrock Co., Ltd.
In March 2010, the tourism industry of the company was separated into a separate legal entity called First Import Export Travel and Service Co., Ltd.
The main business lines of the company are the services and being the distributors of major brands in Vietnam in trading.