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Economics

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Confidence of a Vietnamese business

Technique, mechanics, accurate technology and so on are trades mostly importing materials in service for production because domestic businesses have lacked ability of independent production.  Welding robot creates products with high accuracy.  Founded in Nov. 1999, Au Chau Refrigeratory Industry Co.,Ltd. in VSIP I, Thuan An town luckily wins trust of the global corporations. The company's biggest award is to win trust and long cement of clients. In addition, the company is proud of being a Vietnamese business specializing in supplying technical measures, electric-mechanic systems meeting the most difficult requirements of multi-national groups.Early integration and rapid promotionAu Chau Refrigeratory Industry Co.,Ltd. Director Pham Thuc Hai Cuong, said "After one year of graduating from HCMC University of Technology in 1994, I luckily joined in foreign projects. Thanks to approaching the international standard technology, I started involving in management and business. I established the company at HCMC 4 years later. Till 2008, the company invested in VSIP I and has enjoyed stable operation so far".Since its inception, more than 80% of the company familiar clients are famous corporations such as Metro Cash & Carry, Robert Bosch, Friesland Campina, Jabil Circuits, Crown Cork, Vina-Eco, TBC Ball and many more. In addition, the company provides its products for domestic clients such as Co.opmart, Thien Nam fiber Company and so on. Thanks to early approach of integration, the company has enjoyed a rapid growth with an average growth level of over 20% per year. In 2007 and 2008 the company gained a contract to provide air conditioner and ventilation system for 5 works of Metro Cash & Carry in Pakistan.In Vietnam alone, the company wins more than 20 projects among 65 supermarkets of Co.opmart chain nationwide and 14/19 projects of Metro Cash & Carry in Vietnam.Trust's valueEyeing long-term business and sustainable development, Au Chau Refrigeratory Industry Co.,Ltd. has made the effort to create a solid stand on the market.According to Mr. Cuong, to win a big project accompanied with high requirements, price is not a decisive factor. Once joining in a big playground with square regulations, honesty and transparency will create advantages of competition and easily overcome rivals. "Au Chau Refrigeratory Industry Co.,Ltd.'s deserved and valued award is the very trust and confidence of clients. Thanks to these preeminently values, our company enjoys stable work and growth, despite economic recession", Cuong revealed.Cuong stressed that with the present technology, factories in the US or Germany are using machines and equipments like us. Thanks to stable work, we have invested and developed products according to clients' demand and ensured reasonable price. This is confidence and pride of Vietnamese businesses when integrating into international markets. Reported by D.Chi - Translated by A.C
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