Enterprises simultaneously "launch" production and business
February 3 was the first day workers of Garment 10 Joint Stock Company (Gia Lam, Hanoi) returned to the factory after the Lunar New Year holiday.
Ms. Nguyen Thi Huong - Labeling Department of Hanoi Shirt Factory, under May 10, said that with the exciting atmosphere of early spring, she and her colleagues expect that in 2025, May 10 will develop further, with higher labor productivity so that workers can increase their income.
CEO of May 10, Mr. Than Duc Viet said that last year, despite many difficulties and challenges, May 10 united, promoted intelligence, internal strength, speed, found solutions to promote production and business, ensure jobs and stabilize income for workers, and successfully completed the assigned tasks.
In 2024, May 10's total revenue will reach VND 4,699 billion, up 11% compared to the plan, up 10% compared to 2023; pre-tax profit will reach VND 131.5 billion, up 14% compared to the plan. Average income will reach more than VND 10,000,000/person/month, up 5% compared to the plan.
Mr. Le Tien Truong - Chairman of Vietnam Textile and Garment Group (Vinatex) said that 2025 is a year with many important milestones for the country, therefore, this year, Vinatex will continue to promote the endogenous strength of each enterprise, in the direction of synthesizing into the common strength of the whole group.
Attract, reward and effectively use high-quality human resources. Create momentum for all businesses to progress together. Accelerate the pace of innovation in management methods through digital transformation and apply the best corporate governance models in the group to all businesses.
Promote research and development of new products, expand niche markets, create unique values in addition to traditional textile production. At the same time, proactively build technological advantages and market barriers to ensure sustainability for the group.
Applying automation technology and artificial intelligence to reduce dependence on labor, bringing the value of a worker in the textile industry up to the pace of the country's economy.
Also on February 3, about 33,000 workers of Hoa Phat Group returned to normal working rhythm. Particularly for the production block in factories working in shifts, production during Tet.
According to a representative of Hoa Phat Group, in 2024, the company will achieve VND 140,560 billion in revenue, an increase of 17% over the same period last year, achieving the 2024 plan. Profit after tax will reach VND 12,020 billion, an increase of 77% over 2023, exceeding the annual plan by 20%.
In 2024, Hoa Phat produced 8.7 million tons of raw steel, up 30% compared to 2023. The sales of HRC steel products, construction steel, high quality steel and steel billet reached 8.1 million tons, up 20%.
Hoa Phat maintains its position as the number 1 market share in the country for long steel and steel pipes. Its products have been supplied to a series of large infrastructure projects such as airports, metro lines in Hanoi, Ho Chi Minh City and many other key projects.
Many positive signals in the new year
Mr. Nguyen Van - Vice Chairman of the Hanoi City Association of Supporting Industry Enterprises said that right after the traditional Tet holiday, member enterprises "went into action" to carry out production organization activities at the beginning of the year.
The Vietnamese supporting industry enterprises continue to adhere to and steadfastly pursue the goal of maintaining and developing production and business activities, taking advantage of new opportunities in the era of growth. Ready to supply industrial products and components to major infrastructure projects directed by the Government.
Association members will enhance international cooperation activities, enhance competitive advantages, and dominate the domestic market towards export. Promote digital transformation and receive new technology transfer in production organization at enterprises.
Dr. Le Quoc Phuong - former Deputy Director of the Center for Industry and Trade Information (Ministry of Industry and Trade) commented that import-export activities in 2025 are expected to be more favorable because the world economic situation is more positive when the US Federal Reserve (FED) has sent messages to stop raising interest rates.
Domestically, the Government has taken strong action with many comprehensive support solutions for the economy; promptly identified difficulties and risks from export markets to advise and propose solutions to develop export markets. In addition, trade defense work has been implemented promptly, bringing great benefits to businesses.
On the business community side, according to Dr. Le Quoc Phuong, businesses with increasingly improved capacity have been more proactive in adapting to a rapidly changing and unpredictable market.
