4:51:09 PM | 17/10/2014
In 2007, in response to objective requirements of economic development as well as public administration reform of the Government, the Standing Board of the Provincial Party Committee of Thai Binh advocated the formation of Thai Binh Business Association on the basis of local social and professional organisations. The association was formed by the following members: Thai Binh Corporate Executives Club, the Thai Binh Young Business Association, and the Thai Binh Small and Medium-size Business Association. The association has the mission of protecting and supporting its members to develop, cooperate, exchange and assist each other in production, business and service; and cooperating with domestic and international enterprises and economic organisations to support the development of local enterprises.
From 150 initial members, the association now has over 1,300 members, including more than 50 foreign firms. So far, seven districts also set up their business associations. Remarkably, the Thai Binh Business Association is the only business association in the country to unify the Corporate Executives Club, the Young Business Association and SME Association. The organizational and operating model of the association has been applied by 22 provinces and cities.
Shortly after its inception, the association actively coordinated with functional agencies to advise the Provincial People's Committee, the Vietnam Chamber of Commerce and Industry (VCCI), the Vietnam Young Business Association, the Vietnam SME Association to make policies on enterprises. The association regularly coordinates with the Department of Planning and Investment and the Department of Industry and Trade to advise the provincial government to organise investment promotion activities, attract investment capital, improve provincial competitiveness index (PCI), lead many business delegations to study, visit and attend trade fairs and trade promotion agencies in the domestic and international markets to promote production and business.
The association has built coordinating mechanisms with Thai Binh University, the Department of Planning and Investment, the Department of Science and Technology, the Department of Natural Resources and Environment, the Industrial Zones Management Board and central agencies to organise 32 training courses for 2,620 trainees who are corporate executives and employees of member companies. Training scopes include business administration, labour management, economic management, intellectual property and information technology. The association has also given advice to tax, customs and finance policies. Specially, it has cooperated with the Department of Labour, Invalids and Social Affairs and the Thai Binh Confederation of Labour to seek solutions to labour disputes.
Despite numerous difficulties and challenges in recent years, the enterprise force of Thai Binh province has made impressive progress in quality and quantity, gradually satisfied domestic and export demands, and invested in locally advantageous strengths like apparels, textiles, construction materials, construction and transportation. Many companies are paying huge taxes to the province, thus helping restructure the economy and beautify Thai Binh province. Typical companies are Lotus Group, Thai Binh Seeds Joint Stock Company, Bitexco Nam Long Corporation and Tra Ly Fibre Joint Stock Company.
According to VCCI, the Vietnam Young Business Association and the Vietnam SME Association, the Thai Binh Business Association is one of the strongest business associations in the country. This is the common roof of the local business community. The association works all days in the week to timely support businesses.