Efforts to Bring Products to Int’l Markets

10:12:03 AM | 11/30/2022

Since the beginning of the year, enterprises in Vinh Phuc industrial parks have achieved impressive results. Many enterprises have made great efforts to maintain production and business activities, and bring products to international markets, contributing to local socioeconomic development.

Thien Quang Electronic Joint Stock Company (Binh Xuyen Industrial Park) has suffered significant impacts from the COVID-19 pandemic, but with its great efforts and determination, the company's leadership has firmly steered the company, helped it constantly develop and become one of the reliable suppliers of security camera products and dash cams to the market. The company has actively invested in modern machinery and equipment, and improved product quality to meet the increasing demand of customers.

In its first year, the company achieved revenue of only VND18.8 billion; its revenue reached VND530 billion in 2020; VND1,277 billion in 2021. In the first nine months of 2022, the company achieved over 73% of the set plan. Especially, after more than three years of establishment, the enterprise increased its investment capital three times to meet the orders of its partners.

With initial success, in 2022, the company decided to invest in a new factory in Thang Long Industrial Park in Vinh Phuc. It is expected that the new factory will create about 400 new jobs. Besides the stable product consumption market in most provinces and cities in the country, Thien Quang has become a reliable supplier of security camera products and dash cams for many big customers in the region and the world.

Vitto Group is another success story. Investing in a factory in Tam Duong II Industrial Park since 2013, Vitto Group has now produced and supplied more than 35 million m2 of tiles to domestic and foreign markets. From the beginning of 2022 until now, the sales volume reached over 26.3 million m2, up 14% over the same period in 2021; the consolidated revenue reached VND2,900 billion. Currently, it is creating jobs for nearly 2,500 employees with an average income of VND8 million/person/month.

To achieve this success, Vitto has always been consistent with the motto of "innovation in technology to make a difference". The production lines at Vitto's factories all apply advanced technology with the world's leading machinery and equipment systems such as  500m-long Italian Sacmi kilns, modern 12-color Italian System Durst printing machines, Italian Sacmi presses and printing technology applying modern features which have produced thousands of models of wall tiles, tiles and decorative tiles of different sizes to meet the needs of many customers.

Along with boosting production, Vitto has constantly strengthened and expanded its sales network with more than 100 distributors, 500 showrooms, 30,000 agency stores and branches across the country. Not only affirming its position in the domestic building materials market, and being voted as "Vietnamese high-quality goods" by consumers, many Vitto-branded tiles have been exported to the world market and received positive feedback.

Enterprises in the industrial parks are expected to continue to make breakthroughs in production and business activities and achieve high growth targets, contributing to promoting the investment and business environment in Vinh Phuc industrial parks in particular and the province's socio-economic development in general.

By Nguyet Tham, Vietnam Business Forum