Domestic enterprises to be a firm foundation for development

Update: 19-12-2019 | 15:21:43

In 2019, the production situation of domestic enterprises in the province continued to develop stably, shifting the internal structure to a positive direction. Some key industries in the province owned by domestic enterprises, such as wood, footwear, textiles ... continued to achieve high export values.

A production line of cold rolled steel sheets at Dai Thien Loc Joint Stock Company.

Good growth

In 2019, gross regional domestic product (GRDP) of the province increased by 8.95% over the year 2018. Prominently, industrial development index of the province increased by 9.86%; Export turnover was estimated at $27 billion 781, up 15.6%, of which the domestic sector reached more than $5 billion; Trade surplus reached nearly $7 billion. In the year, the domestic investment in the province reached VND52,983 billion, up 7.9% over the previous year. At present, the whole province has 41,765 domestic enterprises that registered their business with, total registered capital of VND353,961 billion.

Assessing the production situation of enterprises in the province, Nguyễn Văn Dành, Director of provincial Department of Industry and Trade, said that although the world economic situation was complicated, had potential risks and challenges, generally enterprises in the province continued to maintain high growth rates and stability, in accordance with the plan, creating a solid foundation for the next stage.

Industry associations in the province showed that the comprehensive and progressive agreement of effective CPTPP and EVFTA had stimulated export situation in the province. In particular, export contracts of enterprises rose 10-15% over the previous year; The price of domestic and imported raw materials was relatively stable, plus labor resources (including management labor and common labor) of enterprises were secure...

He said that in order to achieve these results, the department proposed many solutions to provincial leadership to facilitate economic growth, accelerate administrative reform, improve business environment, timely remove difficulties of enterprises. Besides, this branch implemented effectively investment and trade promotion activities in domestic and abroad; many programs to support industrial development... These activities have contributed to a favorable environment for investment attraction, encouraging the development of domestic enterprises...

To strengthen the investment in technological innovation

Tadahiro Kawada, Chairman of Directors Board of Kawada Technologies Company (Japan), said science-technology had become an increasingly important resource in heightening the competitiveness of each enterprise. Therefore, Vietnamese enterprises need to change awareness of technology's role and increase investment in technological innovation. Only with technological renovation, the production capacity and competitiveness of enterprises would be heightened in the current situation.

According to Huỳnh Quang Thanh, CEO of Hiep Long Company (Thuan An Town), due to the rising trend of modern wooden furniture and technological development, wood processing industry has reached its peak, this is the time of maturity to invest in technology. As an export strength of the province, wood processing industry is subject to increasing competitiveness, requiring early resolution of productivity, quality problems. The application of high-precision wood processing lines and diverse functions not only meets large orders but also helps enterprises reduce labor pressure.

Meanwhile, Nguyễn Thanh Nghĩa, Chairman of Directors Board of Dai Thien Loc Company, said the company had set up a new production line of cold-rolled steel sheets with a total investment of nearly VND250 billion. This production line marked a new stage of the company on the way to integration and development; timely satisfies stricter requirements of the market. The company will continue to promote the achieved results, operate efficiently to provide high-quality, competitive products for the domestic and international market.

However, many experts think that it is not enough to improve productivity just by technology application. In fact, the vision and strategy of executives is the key for a business to improve quality and productivity. Bernd Kahrert, senior consultant of HOMAG Vietnam (Germany), said that the biggest problem of Vietnamese enterprises was not technology but management thinking, strategic vision, human resources... Because technology can be change quickly by investment, the training of a human resource to have high knowledge and ability to operate new machines and technologies is unlikely to be solved overnight. If investing in production lines and modern technologies without good governance and efficient technical staff, it is a waste.

Reported by Tieu My - Translated by Ngoc Huynh

Share

Domestic enterprises to be a firm foundation for development

HIGHLIGHTS

MOST READ