Vietnam Breaking News

Learning from Japanese Enterprises’ Success

<div xmlns='http://www.w3.org/1999/xhtml'>Learning from Japanese Enterprises’ Success <a href="http://bit.ly/1pxrA3l"><img alt="1466770-20143311629-nh" class="attachment-medium aligncenter" height="220" rel="lightbox" src="http://bit.ly/1pxrA3l" width="164"/> </a> At the conference “The secret to success in multicultural business environment: From the experience of ISETAN (Japan)” recently organised by <a href="http://bit.ly/1oTM71L">Vietnam Chamber of Commerce and Industry</a> (VCCI) in Hanoi, Mr Hirofumi Miyake, <a href="http://bit.ly/1jODmaD">Counsellor and Chief of the Economic Section of the Japanese Embassy in Vietnam</a>, said the number of Japanese businesses investing in Vietnam was increasing, in which businesses engaged in manufacturing sector were dominated the number of businesses in other areas started rising.Quynh Anh Learning from Japanese Enterprises’ Success Related image(s) <img height="200" src="http://bit.ly/1pxrA3l" width="200"/> </div>

Learning from Japanese Enterprises’ Success

Learning from Japanese Enterprises’ Success At the conference “The secret to success in multicultural business environment: From the exper...

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To set up permanent office of VTV Da Nang in Quang Ngai province

<div xmlns='http://www.w3.org/1999/xhtml'>To set up permanent office of VTV Da Nang in Quang Ngai province <div class='wp-caption aligncenter' style='width: 310px' id='attachment_1466764'><a href="http://bit.ly/1jODnLG"><img alt="Scene of the meeting" class="attachment-medium aligncenter" height="200" rel="lightbox" src="http://bit.ly/1pxrybX" width="300"/> </a> Scene of the meeting </div> Mr. Vo Van Thuong – Secretary of the provincial Party Committee, on March 26, had a working session with Vietnam Television Center in Da Nang city on the establishment of permanent office of VTV Da Nang in Quang Ngai province. Vice Standing Chairman of the provincial People’s Committee Le Quang Thich, representative from related departments and agencies also attended the meeting. Quang Ngai province was valued as a locality with rapid development on society and economy in recent years, attracting special attention from TV viewers in the country. So, the establishment of permanent office of VTV Da Nang in Quang Ngai province is very necessary. In order to increase the number of articles reflecting Quang Ngai province on television, at the meeting, VTV Da Nang proposed Quang Ngai province to provide a working place for about 4-15 reporters to work in. Participants at the meeting also discussed the appropriate ways for the construction of permanent office of VTV Da Nang in Quang Ngai province. Concluding at the meeting, Thuong acknowledged the efforts of VTV Da Nang in broadcasting news about Quang Ngai province during past time. Quang Ngai will create the favorable conditions for VTV Da Nang to select the best location for office’s setting up, he added. Minh Thien To set up permanent office of VTV Da Nang in Quang Ngai province Related image(s) <img height="200" src="http://bit.ly/1pxrybX" width="200"/> </div>

To set up permanent office of VTV Da Nang in Quang Ngai province

To set up permanent office of VTV Da Nang in Quang Ngai province Scene of the meeting Mr. Vo Van Thuong – Secretary of the provincial Part...

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Priority on Maritime Economic Development

<div xmlns='http://www.w3.org/1999/xhtml'>Priority on Maritime Economic Development <a href="http://bit.ly/1jODkPX"><img alt="1466750-2014331153038-che-bien-thuy-san" class="attachment-medium aligncenter" height="193" rel="lightbox" src="http://bit.ly/1jODkQ3" width="300"/> </a> Defined as the driving spearhead of local marine economic development, the fisheries sector of Ba Ria – Vung Tau province has made long strides in both quality and quantity, and gradually affirmed its position and role in local socioeconomic development. Ba Ria – Vung Tau has a 305 km coastline, including 100 kilometres of mainland coast, an island district, a continental shelf area of 100,000 square kilometres, and an exclusive economic zone of 297,000 square kilometres. Especially, the province lies on a fishing ground endowed with rich resources, mild climate and infrequent strong winds – very favourable conditions for near-shore and offshore fishing. According to a recent survey by the <a href="http://bit.ly/1pxrybI">Administration of Seas and Islands</a> under the <a href="http://bit.ly/1jODlUa">Provincial Department of Natural Resources and Environment</a>, the continental shelf of Ba Ria – Vung Tau province is home to 661 species of fish, 35 species of shrimp, 23 species of squid, and thousands of species of marine algae, including many highly valued species. The province can catch 150,000-170,000 tonnes. With this enormous potential, commercial fishing and aquaculture have become traditional marine economic sectors of the province, created jobs for thousands of workers and significantly contributed to the province’s exports (<a href="http://bit.ly/1pxrybK">excluding oil and gas</a>). Defining commercial fishing, aquaculture and seafood processing as a local spearhead economic sector, Ba Ria – Vung Tau has built three fortified fishing ports, three partially fortified fishing ports and six other fishing ports across the province. With a total quay length of 1,575 metres, fishing ports can handle 360,000 tonnes a year. In seafood processing and exporting, the province currently has many hazard analysis and critical control points (HACCP)-certified export processing factories. Most certified plants are qualified for exporting to demanding markets like Europe, the US, Japan, <a href="http://bit.ly/1jODnLz">South Korea and Russia</a>. Being aware of its potentials and advantages, Ba Ria – Vung Tau province has placed particular emphasis on offshore fishing investment. Accordingly fishing techniques are increasingly improved and fishing boats and equipment have been upgraded. Currently, the province has about 6,000 fishing vessels with a total capacity of over 970,000 horsepower. In 2013, commercial fishing output reached 250,000 tonnes, an increase of 4.9 percent from a year earlier. Looking towards sustainable fisheries development, the province organised 12 training classes on legal regulations on fisheries and origin certification for 560 captains and fishermen, and formed 72 fishing teams with 419 boats. In 2013, aquaculture production harvested about 14,200 tonnes, up 5.7 percent. To support farming, professional bodies have organised training courses on aquatic disease prevention and legal regulations on aquaculture. <a href="http://bit.ly/1pxrwRl">Le Tuan Quoc</a>, director of the <a href="http://bit.ly/1hAyKh8">Department of Agriculture and Rural Development</a>, said that based existing potentials and advantages, Ba Ria – Vung Tau province sets a target of making the fisheries sector a key factor of the local marine economy, an important contributor to food security, and a big forex earner. This sector also creates jobs for local people and reduces poverty. To enhance the quality of fish farming, catching and processing and promote cooperation, technological innovation and market expansion, the province will organise training courses on marine resource protection; review littoral resources to guide fishermen to catch effectively, especially species of high economic value. To protect fishery resources, the province has encouraged fishermen to invest in offshore fishing boats, modern technologies, equipment, preserving and storing facilities to ensure hygiene and food safety; closely managed newly built vessels in a bid to reduce small near-shore fishing boats. In addition, fishery resource protection and regeneration is also an important task of the sector. The province will also establish fish farming zones coupled with forest planting, agricultural production, water resources and environmental protection. The province will also carry out fishing port logistics development plans, and build seafood processing facilities and fishing logistics services in order to support the sustainable development of fisheries sector. With respect to seafood processing, the province is urgently accelerating necessary conditions to build the centralised seafood processing area in 2015 in order to house seafood processors relocated from populated areas and urban zones. The province will continue to encourage and facilitate seafood processing investment projects using modern, advanced technologies and equipment meeting <a href="http://bit.ly/1pxrwRn">HACCP and ISO</a> 9000 standards. In addition to adjusting aquaculture development plans and developing key species, the locality will speed up artificial reproduction to meet increasing aquatic demands. Thanh Tan Priority on Maritime Economic Development Related image(s) <img height="200" src="http://bit.ly/1jODkQ3" width="200"/> </div>

Priority on Maritime Economic Development

Priority on Maritime Economic Development Defined as the driving spearhead of local marine economic development, the fisheries sector of B...

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Dam Phu My Packaging JSC: New Advance in Industrial Sector

<div xmlns='http://www.w3.org/1999/xhtml'>Dam Phu My Packaging JSC: New Advance in Industrial Sector <a href="http://bit.ly/1oheslN"><img alt="1466742-2014331155224-mm-1" class="attachment-medium aligncenter" height="144" rel="lightbox" src="http://bit.ly/1kghH6U" width="300"/> </a> In the process of national industrialisation and modernisation and international integration, the establishment of companies of different industries with a variety of products, modern production lines and strong brand reputation is indispensable for the development process. <a href="http://bit.ly/1kghFMi">Dam Phu My Packaging Joint Stock Company</a> is one of the companies that has proven its strength and position on the market with effective development strategy and quality policy. Set up October 1, 2004, Dam Phu My Packaging Joint Stock Company (DPMP) was formerly the Huong Phong Package Production Factory run by <a href="http://bit.ly/1oherhG">Huong Phong Co</a>., Ltd, which is directly administered by the Provincial Party Committee and the Provincial People’s Committee of Ba Ria – Vung Tau. <a href="http://bit.ly/1hkjWTR">On May</a> 19, 2008, it was transformed into a joint stock company with three founding shareholders, namely <a href="http://bit.ly/1oherhJ">PetroVietnam Fertilizer and Chemicals Corporation</a>, Huong Phong Co., Ltd and another shareholder. <a href="http://bit.ly/1kghFMn">For DPMP</a>, product quality is always an important element as it decides the company’s brand prestige. Hence, its products are manufactured by modern and advanced production lines, equipment and technologies, imposed by strict quality control procedures and standards like ISO9001:2008, ISO9001:2008, ISO14001:2004 and <a href="http://bit.ly/1oheslR">OHSAS</a> 18001:2007. Currently, DPMP is supplying a variety of packages for the domestic market and exporting fertiliser and cement packages. In addition, the company also turns out other products such as PP yarn, PP fabric and PK fabric. Since 2008, DPMP has supplied 100 percent of fertiliser packages to PetroVietnam Fertilizer and Chemicals Corporation (<a href="http://bit.ly/1kghHnq">PVFCCo</a>), estimated at 16 million bags a year. In the past years, the company is a major supplier of cement bags for most cement production companies in southern Vietnam, including <a href="http://bit.ly/1oherhL">Lafarge Cement</a>, Nghi Son Cement, FICO Cement, <a href="http://bit.ly/1kghHnu">Cam Pha Cement</a>, <a href="http://bit.ly/1oheslV">Ha Long Cement and Thang Long Cement</a>. With its ongoing efforts to increase product quality and improve technology, customers are always satisfied with the company’s package quality and services. Thus, the supply volume for traditional customers is on the stable increase. Specifically, the number of packages supplied to the market keeps soaring year after year (from 26 million packages in 2006 to 44 million in 2013). Notably, in 2013, it exported 5 million bags to many foreign markets like Brazil, <a href="http://bit.ly/1kghHnz">Costa Rica</a>, <a href="http://bit.ly/1oherhP">Indonesia and Thailand</a>, equal to nearly 12 percent of its sales. This was also the first year the company exported its products to foreign markets. The penetration of export markets has opened up huge opportunities for the company as domestic sales have slowly increased. Like other companies, personnel is an important property and element to the success or failure of a company. Therefore, the company’s leaders always pay attention to human resources training and development. The company now has some 300 employees, of whom some 10 percent are holding college and university degrees. At the same time, the company’s <a href="http://bit.ly/1kghFMy">Board of Management</a> always creates a friendly, professional working environment and applies reasonable remuneration and compensation policies in order to create peace of mind and strengthen long loyalty of employees to the company. DPMP is always very active in social responsibility activities. It raises funds to support the poor during the <a href="http://bit.ly/1rINp26">Lunar New Year</a>, present gifts to families with huge contributions and sacrifices to national liberation, hand scholarships to poor students with remarkable study records in <a href="http://bit.ly/QqtVBk">Tan Thanh</a> district. Each year, it spends some VND200 million on social activities. When it started to export its products to foreign markets, DPMP also worked out policies and steps to penetrate into the Japanese market. <a href="http://bit.ly/1oheslX">Deputy General Director Pham Ngoc Thiep</a> said “To attract and cooperate with Japanese companies effectively, the company needs the following supports from the provincial government: human resources, administrative procedures, stable policies, and good legal system.” Based on its achievements, DPMP is confident to become a powerful package manufacturer and supplier in the country in scale, variety and quality. Kim Bang Dam Phu My Packaging JSC: New Advance in Industrial Sector Related image(s) <img height="200" src="http://bit.ly/1kghH6U" width="200"/> </div>

Dam Phu My Packaging JSC: New Advance in Industrial Sector

Dam Phu My Packaging JSC: New Advance in Industrial Sector In the process of national industrialisation and modernisation and internationa...

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Thanh Chi Corporation: Higher Value, Closer Success

<div xmlns='http://www.w3.org/1999/xhtml'>Thanh Chi Corporation: Higher Value, Closer Success <a href="http://bit.ly/1kghFfn">Thanh Chi Joint Stock Company</a> was established in the context of the economy slowing down; however, the company promptly applied strategies to overcome difficulties, and managed to achieve sustainable development and build up its brand name on the market. Thanh Chi Joint Stock Company was set up on October 26, 2006 from the equitisation of <a href="http://bit.ly/1oheslK">Construction Materials Production and Trading Enterprise</a> affiliated to Ba Ria – Vung Tau Urban Development and Construction Corporation (UDEC). In the early days, the company encountered enormous difficulties and challenges because State policies were frequently changed to respond to economic recession. The company boldly decided to diversify its business scopes to logistics, warehousing, bonded warehouse services, customs agencies, etc to survive and develop. With this approach, the company is now involved in many business fields from initial construction material production and has customers in both Vietnam and the world. As a result of credit crunch policies, the company faced a lot of difficulties to borrow money from banks to finance its business operations. Thanh Chi managed to raise its own sources to turn challenges into opportunities as the company’s leadership set out. With the current asset value of over VND130 billion, the company has invested in advanced Russian stone production technologies. Besides, in response to the Government’s encouragement policies on adobe brick production to reduce environmental pollution and minimise greenhouse gas emissions, Thanh Chi invested in adobe brick production lines. With this product line, the company is forecast to develop more strongly because this product has a lot of superiorities to traditional ones. Specifically, it is not made from clay while it does not cause environmental pollution because it does not use fire to burn. Besides, it features better strength, sound insulation, heat insulation, waterproof, water resistant and lower costs. Particularly, the company fully automated its production lines with a daily output of 60,000 to 70,000 bricks a day. The current success is resulted from the constant effort of the entire company, the cooperation and support of partners and customers in the spirit of mutual interests. At present, the company is still mainly operating with its own capital and borrowing a small amount from banks. <a href="http://bit.ly/1kghDUW">General Director Nguyen The Thuong</a> said: “To stand firmly and develop continuously as now, the company had to stand on its own foot and pass through many challenges. Besides effective strategic business steps, we hope that the State policies will be stable and friendly to enterprises, particularly policies on warehousing, land and port, to help enterprises to set up long-term business development plans to tap the advantage of Ba Ria – Vung Tau international transhipment routes.” Not driven by figure-polishing results, Thanh Chi attaches importance to sustainable development as it is the best way to have a good brand name in the marketplace and ensure livelihoods for employees. In ore mining, labour protection and labour safety are always the top priority of the company. All workers are provided sufficient protective equipment and they are strictly examined before going to working sites. Furthermore, to raise awareness of and compliance to occupational safety regulations, the company regularly organises training courses on labour safety and fire prevention for its employees with cooperation with relevant departments and industry organisations. Besides, every year, the company extracts a part of profit for community activities like disaster and flooding prevention, philanthropic house construction, and support for <a href="http://bit.ly/NIJ2DN">Agent Orange</a> victims. This is the mission that Thanh Chi set from the very first days. To become a multi-business group in the future, Thanh Chi will focus on developing current businesses, particularly logistic services and construction materials. At the same time, the company will continue improving product quality and lowering its adobe brick costs to enhance competitiveness against traditional bricks and imported bricks. The policy and mechanism support from the State is very important for Thanh Chi to achieve this goal and assert the name and position of Vietnamese firms. Kim Tuan Thanh Chi Corporation: Higher Value, Closer Success Related image(s) <img height="200" src="http://ift.tt/1eWmqbm" width="200"/> </div>

Thanh Chi Corporation: Higher Value, Closer Success

Thanh Chi Corporation: Higher Value, Closer Success Thanh Chi Joint Stock Company was established in the context of the economy slowing dow...

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BWACO: Regulating Water Flows Effectively

<div xmlns='http://www.w3.org/1999/xhtml'>BWACO: Regulating Water Flows Effectively <a href="http://bit.ly/1oher16"><img alt="1466739-201433115477-drj" class="attachment-medium aligncenter" height="200" rel="lightbox" src="http://bit.ly/1kghEYI" width="300"/> </a> Ba Ria – Vung Tau Water Joint Stock Company (BWACO) specialises in manufacturing and supplying clean water for customers in urban zones, industrial parks and concentrated residential areas in Ba Ria – Vung Tau province. With a daily output of 180,000 cubic metres, the company can supply enough water for customers now and in the coming years. The pipeline system extends over 600 km and serves more than 144,000 customers. With 430 employees, including 20 percent holding university degrees or higher, the company always pays due attention to the material and spiritual life of employees, and upgrades professional skills and living skills for them. The firm has established a relatively complete corporate governance system and applied ISO9001:2008 international quality management standard system and ISO17025:2005 laboratory certification. The company was rated one of the best performing companies in the region the <a href="http://bit.ly/1kghDnV">Southeast Asian Water Utilities Network</a> (<a href="http://bit.ly/1oheslH">SEAWUN</a>). Powered by professional employees and modern management methods, the company’s water benchmarking indexes – based on the <a href="http://bit.ly/1p3YFUj">World Bank</a> criteria – are on par of those in many developed countries. Unlike many large-scaled water companies in other provinces and cities with a very high degree of water loss, the company’s rate of water loss is always stable at less than 12 percent for many years and even below 10 percent in 2013 due to effective measures. Presently, the firm is rated one of the companies with the lowest water loss rate in Vietnam. In addition to upgrading technical infrastructure system, improving water quality and raising water supply, BWACO has also focused on perfecting customer service, building corporate culture, training professional and devoted employees, and respecting customer benefits. Hence, the company has received good feedbacks from customers. While being very successful with business front, the company is also very active in social and charitable activities. Each year, BWACO extracts VND1 billion from its welfare fund for the meaningful work. Besides, the firm has built the “<a href="http://bit.ly/1oher1b">BWACO Golden Heart</a>” Fund which draws the broad involvement and support of workers who willingly reduce their lunch rations to raise funds. In 2013, the company and its employees donated VND1.2 billion to the fund to help poor patients and their families to ease their burdens in the fight against diseases. The firm also provides free water at schools and public places for citizens and tourists. Every year, thousands of students participate in extracurricular studies in <a href="http://bit.ly/1kghDEd">Da Den Reservoir</a> managed by the company. These activities show the company’s care to the health and future of the society and contributions to the beauty and civilisation of Ba Ria – Vung Tau province. Duc Binh BWACO: Regulating Water Flows Effectively Related image(s) <img height="200" src="http://bit.ly/1kghEYI" width="200"/> </div>

BWACO: Regulating Water Flows Effectively

BWACO: Regulating Water Flows Effectively Ba Ria – Vung Tau Water Joint Stock Company (BWACO) specialises in manufacturing and supplying c...

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DECOIMEX: Success at Every Step

<div xmlns='http://www.w3.org/1999/xhtml'>DECOIMEX: Success at Every Step <a href="http://bit.ly/1oheqKP"><img alt="1466737-2014331154553-sy" class="attachment-medium aligncenter" height="220" rel="lightbox" src="http://bit.ly/1oheqKP" width="146"/> </a> With a scale not too large and capital not so abundant, the <a href="http://bit.ly/1kghEbn">Import Export Manufacturing Services and Rural Development Company</a> (<a href="http://bit.ly/1oheqKQ">Decoimex</a>) has its own path to turn difficulties into power, which makes the company gradually build its brand in the fields of import and export of agricultural products and real estate investment. Founded in 1993 in <a href="http://bit.ly/1kghCQJ">Vung Tau City</a>, Decoimex is one of the typical units in the fields of import and export of agricultural products and real estate. Thanks to the efforts of all staff and the wisdom of the leaders, the company has overcome many difficulties brought by the market economy and achieved sustainable and consistent annual growth. The field of import and export of agricultural products such as rice, sliced cassava, dried cassava, cashew nuts, etc., from 2008 until now has faced difficulties due to the narrowed consumption market, input prices riddled with many fluctuations, unstable input agricultural product quality, etc., which creates impact on the purchase and export of the said product group of the company. However, relentlessly exploiting the market, considering prestige the foundation and coordinating to export through other units has helped keep the unit keep stable development with the revenue of US$0.92 million in 2013. In the field of real estate investment: since 2003, Decoimex started making the first steps in the real estate market and has become successful. Typically is the project in <a href="http://bit.ly/1oheqKT">Ben Dinh</a> area including three projects namely Ben Dinh 1 with the area of 4 hectares; Ben Dinh expansion project Phase 1 with an area of 4 hectares which has completed in infrastructure and the project investing in 60 apartments worth VND2.5 billion each; the company began to expand investment in stage 2 with the area of 3 hectares and investment capital of about VND70 billion in 2014. In addition, the company is also participating in the construction of other civil works in the area. With the desire to become a professional unit on the field of real estate, each project the company participates in puts quality, prestige and customers top priority, which is the first step for the company to go further in the field of real estate investment. So far, Decoimex has successfully built its brand on the market and is constantly expanding the scale of its operation. One of the core reasons for this success is the perspective of the company’s leaders in the development of internal resources, firstly of its staff, which is considered the key to the breakthroughs achieved by the company. The company always tries to create a competitive working environment, exploit the capability of each staff and support the spiritual life to its staff as well as improve benefits for employee benefits, contributing to a healthy and civilised corporate culture, promoting sustainable development of the company. In addition, the company actively participates in local social welfare programs such as poverty reduction, contributing to the province’s <a href="http://bit.ly/1ohes5q">Veterans Association</a> and the construction of gratitude house for veterans, investing in one temple in <a href="http://bit.ly/1kghD77">Long Dien</a> district with a cost of nearly VND400 million. On the basis of achievement gained, Decoimex has boosted its exports to US$1.3 to 1.5 million in 2014 and completed its investment projects and programmes to early put into operation to serve customer’s needs. Due to increasingly strict Vietnamese agricultural product market, the Provincial People’s Committee and relevant departments should consider and adopt policies to support business in investing in technology and material to improve the quality and value of agricultural products. In addition, there should be consistency in the implementation of state policies to create the momentum to make the province’s businesses develop in depth. Minh Xuan DECOIMEX: Success at Every Step Related image(s) <img height="200" src="http://bit.ly/1oheqKP" width="200"/> </div>

DECOIMEX: Success at Every Step

DECOIMEX: Success at Every Step With a scale not too large and capital not so abundant, the Import Export Manufacturing Services and Rural...

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