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Economics

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Bustling purchase orders leading the year

In 2019, the province's key export items such as textiles, wood, ceramics ... maintained a good growth. In 2020, although the US-China trade war continues to affect businesses (businesses), the business community in the province still believes and optimists continue to grow fairly and stably in the new year.

Producing ceramics at Phuoc Du Long Company. Photo: Phung Hieu

Many businesses speed up according to orders

The atmosphere of production in the first days of the new year 2020 at Cuong Phat Ceramics Company is very bustling. This year, the company has many orders from the beginning of the year. Mr. Ly Ngoc Bach, Director of the company, said that in 2019, ceramics will continue to maintain high growth momentum, about 15%, orders accumulated in the last months of the year and the first quarter of 2020. According to him, the ceramic export market Porcelain is being expanded in some countries of the Middle East and Southeast Asia. The ceramic enterprises in the province peace of mind output products for the whole year.

At Phuoc Du Long Ceramics Company, the company is also focusing on producing to deliver many orders from the beginning of the year. Mr. Vuong Sieu Tin, Director of the company, excitedly said that in the first quarter of this year, orders from the US market increased about 30% over the same period last year. This is the time when the company accelerates and continually organizes overtime to meet orders. Currently, the ceramic garden, resort decoration, hotel manufacturing company are being trusted by the US market.

Mr. Phan Van Duc, General Director of Binh Duong Textile and Garment Company, said that the increasing competition pressure requires businesses themselves to have adjustments in their administration and management. The current concern of textile enterprises is the need to quickly increase labor productivity. The advantage of cheap labor in Vietnam will no longer exist, along with the strong development of the textile industry, human resources are also a concern of enterprises.

According to many textile enterprises, competition of human resources is taking place within the enterprises of textile and apparel industry and other industries. Meanwhile, the US-China trade war has greatly affected the province's key export products, bringing great opportunities and challenges to the domestic business community.

Paying attention to putting new science and technology into production

In the field of ceramic production, Minh Long I Co., Ltd. has always been considered the leading unit in innovation and application of scientific and technological advances in production. According to Ms. Duong Thi Tu Trinh, Director of Thuong Nguyen Woodworking Machinery Company (Dian An Town), in order to stand firm and expand export markets, the company has boldly invested in equipment and production technology. modern, according to international standards. Investing in technology to help the company improve labor productivity, minimize manual labor ... thereby creating more structured products, new models, meeting the needs and increasingly demanding requirements of market, especially for luxury goods.

It is praiseworthy for businesses to invest in modern technology and machinery, because all businesses understand the importance of the role of technological innovation and application of science and technology in production. Mr. Nguyen Liem, Chairman of the Board of Lam Viet Wood Company, said that the wood industry has certain advantages in the US-China trade war because China is the world's leading country in terms of export value of timber, although there have been quite a number of businesses from China to Binh Duong in recent years.

According to Liem, foreign investment flows into Binh Duong timber industry is very normal, domestic enterprises are not afraid of competition because each enterprise is a member of the global supply chain. It is praiseworthy that the Binh Duong wood industry in particular and the national wood industry in general have linked to form a chain in the wood industry from raw materials to production to output for wood products. Recently, the average annual growth of the timber industry is about 18%. To have a breakthrough in wood industry requires a lot of factors such as human resources, raw materials, and diversification of export markets.

Besides the objective factors, economic experts said that in order to develop stably in the current market and in the future, businesses need to improve labor productivity; In growth, it is necessary to rely more on innovation and technology, instead of available factors such as labor and natural resources.

Reported by Phung Hieu – Translated by Vi Bao

Tags: growth

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