Enterprises strive to overcome difficulties

Seize the opportunity

In the midst of difficulties due to the impact of Covid-19 epidemic, the world political situation is unstable, the global supply chain has not been completely recovered, and many enterprises are still in difficulties. However, many of them are flexible, proactively adjust production and business plans, closely follow market developments, and seize every opportunity to maintain and develop.

Le Long Vietnam Co. Ltd (Le Long Company) has a representative office in Ben Luc town, Ben Luc district, Long An province, and a production factory in Duc My industrial cluster, Duc Hoa Dong commune, Duc Hoa district. The company operates mainly in designing, manufacturing and supplying all kinds of lead-acid battery products, serving the diverse needs of markets. The company belongs to Kung Long Batteries Group, with 100% Taiwanese investment capital.

Many businesses flexibly and actively adjust production and business plans (In the photo: Production activities at Le Long Vietnam Co. Ltd.)

Deputy General Director of Le Long Company - Liu Hsu Chieh shared that in 2021, when the Covid-19 epidemic broke out, the company had to pause production for about 3 months, making production capacity decrease compared to the plan. However, since 2022, after many efforts and adjustment of production strategy, production have increased again. In the first 6 months of 2023, the company boosted production for export and expanded the domestic market. Currently, the company is negotiating another potential domestic customer in the telecommunications industry. With signed contracts and expansion of customer relationships, in 2023, the company will surely complete 100% of the set plan, maintain jobs and stable income for nearly 3,150 employees.

Currently, Le Long Company has 2 customer groups, including: domestic customers (car companies such as Honda Vietnam, Kymco, VMEP; Telecommunications industry such as VNPT Vinaphone, Mobiphone, Vietnam Electricity Group, distribution agent from North to South, etc); foreign customers in all continents (accounting for about 75% of the company's products). In order to maintain and develop well, the company builds a closed production process, products are manufactured entirely in the factory and ensures strict requirements on the quality management system.

Currently, the company is applying quality management systems such as ISO: 9001, ISO: 14001, ISO: 45001; continuously training and fostering to improve the capacity of workers and employees. In particular, the company trains and forms a team specializing in design, researching and development, which can meet the needs of diverse product categories of customers. Le Long Company ranked 314th in the top 500 largest enterprises in Vietnam, ranked 9th in manufacturing and trading in electrical equipment.

In the context of production and business activities facing many difficulties and challenges, enterprises are striving to maintain and promote production in association with product consumption, to best fulfill business and production goals in 2023. In the first 6 months of 2023, the revenue of Kim Tae Hee Import-Export Co. Ltd., My Hanh Bac commune, Duc Hoa district increased by 20% over the same period. The company specializes in manufacturing high-class masks KF94, N95, pure drinking water with Korean technology, exporting and importing high quality specialties from Korea.

According to Director of Kim Tae Hee Import-Export Co. Ltd - Nguyen Quoc Tuan, the market is prospering again thanks to the correct, timely and consistent policies of the Government in the implementation of trade promotion activities in the form of both in-person and online. Thanks to these policies, the company can participate in many fairs, exhibitions and trading events with domestic and foreign partners, thereby helping the company develop the domestic market and export goods. Their revenue is expected to grow by 20% in 2023.

Efforts to overcome difficulties

San Ha Co. Ltd specializes in poultry slaughter and distribute, convenience stores and hi-tech chicken raising. General Director of San Ha Co. Ltd. - Pham Thi Ngoc Ha said that the livestock industry is facing many difficulties when the source of feed and breed depend on imports, not to mention limitations in slaughtering, processing as well as disease control and food safety. Although the input cost has increased, the price of products in the market is still volatile. Currently, due to the influence of the global economy, the domestic food's purchasing power is still limited,  while the propotion of imported food is increasing. Therefore, San Ha cannot avoid the common difficulties of the industry.

Enterprises are focusing on repelling difficulties, investing in equipments and workforces, and applying advanced technology to production and business.

However, San Ha has implemented many production and business plans, and managed to use resources from all sides to overcome difficulties. Currently, the company's situation has stabilized, focusing on overcoming difficulties, seizing opportunities, renewing thinking, reorganizing organizations, boldly investing in equipments and workforces, applying advanced technology to production and business. In addition to the main products of poultry meat, the company also focuses on diversifying products, promoting the field of food processing to meet the needs of consumers. Thanks to that, the company has overcome the difficult period.

Pham Thi Ngoc Ha shared that the company is coordinating with a number of small businesses to actively learn and capture the needs of consumers to launch a few new products and business forms by the end of 2023. The company is constantly improving the quality of customer service and successfully completing the business plan in 2023.

Director of the State Bank of Vietnam (SBV), Long An Province Branch - Le Thi My Hien said that following the direction of the Government, the SBV directed banks to reduce interest rates to support businesses and people. In particular, SBV directs banks to implement measures to reduce deposit interest rates, reduce costs and lending interest rates for customers. The branch is requesting commercial banks to step up the interest rate support program in accordance with Decree No. 31 of the Government and Circular No. 03 of the State Bank. The cumulative figure from the beginning of the program to June 30, 2023 is 2,148 billion VND, outstanding loans for interest rate support is 785 billion VND, 24 customers have 10 billion VND of interest support.

Many businesses are flexible, proactively adjusting production and business plans

In the first 6 months of 2023, the province's economic growth reached 3.43%, the economic structure continued to shift in the right direction, the main indicators were quite good. Industrial production value reached 146,158 billion VND, increased 3.82% over the same period. In which, the processing and manufacturing industry accounted for the highest proportion, reaching 144,906 billion VND, increasing 3.8%.

It is expected that in 2023, the industrial production index will increase by 9.5% over the same period. Currently, the province is trying to disburse public investment capital, creating opportunities to promote production and business activities. It is forecasted that in the last months of 2023, industrial production will gradually increase over the months, in which, production activities of enterprises will enter a stable phase. Lending interest rates have been adjusted by the State to actively support enterprises to restore production and business and promote growth.

The Department of Industry and Trade informed that, the provincial functional sectors are strengthening the survey of large import and export enterprises to promptly support, remove difficulties and obstacles. The province is supporting enterprises to participate in domestic and foreign trade promotion programs to exploit and take advantage of opportunities from new free trade agreements to expand markets and promote export. With the drastic intervention of the province, all levels and branches in socio-economic recovery and development, it is expected that the enterprises community can reduce difficulties, be proactive in production, and contribute to the overall economic growth of the province./.

By Mai Huong - Translated by Q. Thien

Source: https://baolongan.vn/doanh-nghiep-no-luc-vuot-kho-ky-vong-tin-hieu-vui-a160320.html