Cadres, employees of Thai Binh Investment Joint Stock Company made efforts to win success in the war time.
At a production line of Thai Binh Investment Joint Stock Company.
Nowadays, they continue to be vanguard in economic front. By solid will and steel spirit of soldiers, they have promoted Uncle Ho’s virtues in labor, production and dedicated their strength, intellectual to homeland.
Standing firmly on business front
Thai Binh Investment Joint Stock Company – 100% invested Vietnamese company specializes in trading and producing footwear and bag. Founded in the early 1990s with 500 soldiers who had completed their tasks in the war time at Cambodia border battlefield, numerous officers of Regiment 165, Division 7 under Army Corp 4 along with young engineers cooperated with French experts of Liksin Company and Imex Tam Binh Company in Vinh Long province to plant and export trees for paper-making. With will and determination, only 3 years of 1989-1991 they grew 30 million of breeding trees and export paper materials worth US$5mil and placed jobs for 250 cadres and employees. In this period, the first footwear plant was built in 1992 with the name of the plant number one.
Joining in footwear production with determination and will of soldiers, cadres and employees of the company have made greater efforts to learn experience and perfect technology of making footwear. Their first achievement was the outsourcing contract of manufacturing 6 million of pairs of shoes in 1993. In order to increase value, the company leaders in 1995 shifted from outsourcing form to purchasing materials, selling finished products and building the second plant as well as signed many contracts with famous footwear companies in the world.
In 2005, Thai Binh Co.Ltd. officially became Thai Binh Investment Joint Stock Company.
Optimizing product supply chain
Over the past years, Thai Binh Investment Joint Stock Company has constantly sought out measures to perfect and satisfy clients’ demand.
Nguyen Duc Thuan, CEO of Thai Binh Investment Joint Stock Company said ‘after becoming Thai Binh Investment Joint Stock Company, realizing investors shifting their investment strategy of producing backpack, handbag from China to other nations, we mapped out and targeted to be Vietnam’s leading handbag and backpack producer. Therefore, in Sept. 2011 we set up a handbag plant with the manpower of 2,500 workers with a capacity of 2-2.5 million handbags per year. At present, our company has established one more handbag plant, lifting manpower force up to 5,000 laborers with a capacity of 5-7 million handbags per year”.
Thuan added that Thai Binh Investment Joint Stock Company includes a mother company and 7 membership companies with over 20,000 laborers joining in various fields such as industrial production, trade-service, logistics, creating a closed supply chain and high competition. In 2014, the company’s production yield wins 21 million pairs of shoes and 6 million backpacks and handbags with the revenue of over VND7,500bil, an average income of VND6mil per capita per month. The company maintains a growth pace of 15-20% per year and expands production in Vietnam and regional nations.
Taking care of laborers’ life
“Every cadre, worker is prestigious asset of company. This is also a character creating distinctive value of the company where always puts human in the number one position and respects employees”, Thuan said.
So as to gain a hi-unity from more than 20,000 people, the company always takes care of laborers’ life. Especially, the company has enough political organizations such as a 200 member party committee, veterans’ society, trade union and more and 2,000 demobees.
Phan Ke Loi, vice general director of manpower care department of the company said that the company directorate not only places jobs for soldiers but pays much attention to laborers’ spiritual and material life by gift visits, living expense assistances, building mini supermarkets to cater for the company laborers and more. The company laborers’ wage is increased 10-15% per year.
In addition, the company carries out policies and instructions of the State for laborers. From its reserve fund source, the company annually disburses this source to pay gift visits to sick workers and children of laborers.
Possibly speaking, by effort and determination, over the past 20 years Thai Binh Investment Joint Stock Company has developed and affirmed its trademark on economic front. Recognizing these achievements, the company was awarded the first class Labor Order by the State in June, 2014.
Reported by P.LE – Translated by A.C
