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Economics

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Domestic businesses manage to overcome difficulties

Looking back the 2012 economic picture, despite difficulties, many businesses still reach remarkable results in production and business. Notably, Thai Binh Investment JSC specializing in footwear production for export has placed stable jobs for 14,000 people, Binh Duong One-member Apparel Co.Ltd. has offered jobs for 2,500 laborers, Minh Long I Co. over 2,000 workers…

By their efforts, these businesses have contributed to increase local industrial production value at nearly VND42,921bil and to reach over US$2.2bil, a 3.5% rise from the past year…

Meanwhile, animal husbandry industry reaches many changes, influencing on its production and business. However, MINH DUNG Veterinary - Aquaculture Medicine Company Limited still enjoys a stable operation. Vu Thi Ngoc Trinh, CEO of the company said that despite harsh competition from foreign groups in the industry of veterinary - aquaculture medicine production, Minh Dung in 2012 still enjoys a good growth, especially its effective export and market expansion to 17 nations such as India, Egypt, Malaysia, Thailand, Oman…

At Thien Nam Company, to compete and occupy market share of apparel industry, the company in 2012 opens a new plant, capitalized at US$19mil. This is its fourth plant, built on an area of 2.1ha with the capacity of 40,000 fiber piles, monthly offering 500 tons of fiber for markets. The fiber plant increases the company capacity up to nearly 150,000 piles, annually offering about 25,000 tons of fiber, 80% of which is for export, placing jobs for 1,600 laborers with an average income of VND3.7mil per capita per month.

Regarding the done results in 2012, Tran Dang Tuong, director of Thien Nam Company, said the company’s goal 2012 is to reach a 5-7% growth rate from the past year and the company fulfils the set goal. Tuong added that to enjoy remarkable results, businesses should set out concrete plans of production and business.

Meanwhile, Hiep Long JSC general director Huynh Quang Thanh, stressed to stand firmly on the market, businesses should have many initiatives of technology, pattern design, quality, post sale and so on.

Possible speaking, 2012 is an encouraging year for enterprises. It is forecasted that 2013 will have many challenges but with well-preparations from businesses as well as their experiences in 2012 and macro-measures from the State, it is hoped that domestic businesses will overcome challenges in 2013.

Reported by T.Minh – Translated by A.C

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