Hung Yen enterprises make effort to adapt to International Economic Integration

Along with the process of international economic integration, enterprises in the province are facing increasing competitive pressure from foreign enterprises and goods. This is a challenge for the long-term, sustainable development of enterprises, requiring enterprises to change. In particular, in recent times, enterprises in the province have constantly promoted their initiative, creativity, sought new markets, and exploited advantages from free trade agreements. In particular, Tien Hung Joint Stock Company (Tien Lu) has made remarkable progress in production and business activities, improving the lives of workers. Thanks to the application of the quality management system according to ISO 9001 - 2000 standards, the company has been able to strictly control the production and business process, ensuring that 100% of the products are tested to meet quality requirements. The scientific quality management system has helped the company improve the efficiency of production and business activities, and enhance competitiveness in the context of the textile industry facing many difficulties and challenges today. Some solutions that the company's leaders focus on to improve productivity and product quality are to continuously invest effectively, innovate and improve modern machinery and equipment systems such as: Automatic bag-filling machines, automatic thread cutting machines, specialized electronic machines, automatic feather stuffing machines, etc. Mr. Pham Tuan Anh, General Director of Tien Hung Joint Stock Company said: Currently, the company's main export markets are the US, Japan, Korea, Germany and European Union (EU) countries... Thanks to timely provision of information and forecasts on industries and markets from departments and branches, the company's import and export activities have many advantages. In addition, the company is supported and facilitated to participate in trade connection conferences, thereby having the opportunity to contact foreign partners and connect with customers.

Production at Hung Yen Garment Corporation - Joint Stock Company (Hung Yen City)

Hung Yen Garment Corporation - Joint Stock Company (Hung Yen City) is one of the prestigious enterprises with high profit margins in the industry thanks to its ability to produce products with high difficulty, skilled labor force and good cost management. In the process of international economic integration, the company has proactively developed plans, prepared and made efforts to change to meet the strict standards of markets participating in Free Trade Agreements (including criteria on production, quality, environment, labor, etc.). Thanks to that, the company has overcome many difficulties and challenges to maintain the operational efficiency of 13 factories with more than 16,000 employees, achieving high income levels among the province's textile and garment enterprises. Currently, the US and EU are the company's two main export markets with many production partners being famous garment brands. Mr. Nguyen Xuan Duong, Chairman of the Board of Directors of Hung Yen Garment Corporation - Joint Stock Company, said: In the coming time, the textile and garment industry will face many difficulties, but continuing to access and exploit FTAs ​​is still the main driving force for the company to strive to expand export markets and develop new potential customers.

Production at Phu Minh Rattan Bamboo Export Co., Ltd. (Yen My)

Mr. Nguyen Van Khiem, Director of Phu Minh Rattan Bamboo Export Co., Ltd. (Yen My) said: In recent years, Phu Minh Rattan Bamboo Export Co., Ltd. has maintained stable production and business, always has long-term orders, achieving an average annual growth rate of 20%. Each product of the company when exported is strictly controlled at all stages. Currently, the company's rattan and bamboo products are mainly exported to the markets of Japan, Europe, and the US.

In practice, the province's international economic integration work has achieved positive results in recent times. As the focal agency for implementing FTAs, the Department of Industry and Trade has closely followed the directions of the Government and the Ministry of Industry and Trade, proactively advised the province to issue mechanisms and policies suitable for local implementation to support businesses in promoting key products and improving the effectiveness of international economic integration. The province has paid special attention to supporting and strongly boosting the private economic sector, especially small and medium enterprises in most industries and economic sectors, gradually turning this economic sector into a core force participating in effectively exploiting the markets of free trade agreements. In addition, industries and localities have strengthened coordination in implementing programs and projects to support businesses in applying science and technology, investing in technology to meet production requirements in the integration process; guide enterprises to build and register to protect domestic and international trademarks. Comrade Vu Quang Thang, Director of the Department of Industry and Trade, said: To improve the effectiveness of international economic integration, in recent times, the province has continued to expand and deepen cooperative relationships with foreign partners such as: Embassies of other countries; international organizations, agencies, and foreign business associations in Vietnam. To make the most of new-generation free trade agreements and trade agreements to which Vietnam is a member to participate in the international supply chain; proactively perform common rules and regulations on international trade. To actively beef up and selectively attract foreign investment; synchronously implement solutions to improve the local investment and business environment; bolster promotional activities, promote the image, potential, and advantages of the province to foreign investors.

Production at Tien Hung Joint Stock Company (Tien Lu)

In the coming time, the Department of Industry and Trade will continue to coordinate with departments, branches, organizations... to strengthen propaganda on international economic integration; effectively implement policies and laws on international economic integration; improve the investment and business environment, enhance competitiveness to boost economic growth and sustainable development; effectively carry out FTA agreements... The synchronous implementation of solutions will contribute to improving the quality, efficiency and proactive international economic integration, creating favorable conditions to attract foreign investment, supporting businesses, units and people to take advantage of opportunities from international integration, promoting the rapid and sustainable development of the province's socio-economic situation.