Entrepreneurs pioneering in joining forces with Binh Duong for development

The community of entrepreneurs has highly appreciated the vision and development orientation of Binh Duong in the new phase, along with a proper understanding of their role and responsibility in the socio-economic development of the country in general and Binh Duong in particular.

Role and responsibility with good performance

In recent years, with the spirit of moving forward with the country and Binh Dương, the domestic community of enterprises and entrepreneurs has demonstrated their role and responsibility well. Luu Tri, Director of Nghe Nang Co., Ltd. in Thuan An city emphasized that in the context of Vietnam's increasing international integration, the role of entrepreneurs has become more crucial than ever. They not only bear the responsibility of production development and carry a heavy burden, but also contribute to creating opportunities for the national economy to integrate deeply into the global economy. His company has gone through a challenging period, but has met its goals and promoted the province's overall development, along with other mechanical and electrical companies. In the future, the company will further boost production development in a smart and sustainable direction.

Provincial leaders award the certificates of merit from provincial People's Committee to outstanding enterprises and entrepreneurs at the 2023 ceremony honoring Binh Duong entrepreneurs

"Our company always focuses on innovation to digitize production and business processes, invest in modern machinery and equipment, innovate management methods through digital technology to increase labor productivity and business efficiency at market demands. Additionally, the company fully implements all labor regimes and benefits, ensuring that 100% of workers have stable jobs while also fulfilling State budget obligations and well performing in social welfare activities", said Phan Thanh Duc, General Director of Binh Duong Garment Joint Stock Company in Thuan An city.

Pham Van Xa, Chairman of Binh Duong Import-Export Association affirmed that the association has made significant strides along with the export-import business community of Binh Duong. The community of entrepreneurs has been provided with favorable conditions to develop and always receives guidance and support from authorities to address difficulties. Although there are still challenges ahead, the association, businesses and entrepreneurs continue striving for green, sustainable development in line with global trends.

Collaboration to overcome challenges

According to Nguyen Duc Thuan, Chairman of the Vietnam Leather and Footwear Association (Lefaso) and CEO of Thai Binh Investment Joint Stock Company (TBS Group), meeting the rules of origin requirements in free trade agreements (FTA) poses many challenges for domestic businesses. Due to the underdevelopment of the domestic auxiliary industries supplying raw materials, textile and footwear companies have mostly got involved in making products on contacts and have not been able to significantly develop the field of raw materials and accessories. Therefore, breakthrough solutions are needed to upgrade the value chain in these industries, thereby creating sustainable benefits. To achieve this, it is necessary to promote the development of the supply market of raw materials in a way that is scaled, standardized and transparent, helping enterprises, especially small and medium-sized ones, to enhance their dynamism and efficiency, giving them opportunities to grow and participate in the industry's supply chain.

The province’s community of enterprises and entrepreneurs always strives to develop together with the locality. In picture: Production line at Kim Sang Electrical Equipment Manufacturing and Trading Co., Ltd. in Tan Uyen city

Mr. Thuan also gave a proposal to build a trading center for developing raw materials and innovation in the Vietnamese fashion industry in Binh Duong to support textile, garment and footwear enterprises to secure raw materials for production. If approved, it will serve as a hub for designs, material distribution, technology transfer and investment, transactions between domestic and foreign enterprises, helping untangle material supply challenges. Mai Huu Tin, Chairman of Binh Duong provincial Business Federation emphasized that Binh Duong has developed very well for many years. What the business community is now concerned about is how to create an even better foundation to move faster and further. Enterprises should also strengthen collaboration, not only in production chains, but also in logistics and supply chain value, under the mindset of "going far by going together”.

Reported by Tieu My-Translated by Kim Tin