High growth targets
Kim Hyun Ho, General Director of the South Korea-invested Kumho Tire Vietnam Co.Ltd. at My Phuoc 3 Industrial Park said that the company’s total revenue in 2014 reached US$152mln. This year, the figure will be expected to be US$181mln.
Meanwhile, Kim Heun Tae, General Director of the South Korea-invested Panko Vina Co.Ltd. said that the company’s total revenue in 2014 increased by 15% compared to that of 2013 and its total revenue in 2015 is expected to grow by 40%.
Jimmy, General Director of the Taiwanese-invested Vison International Co.Ltd., which is specialized in manufacturing golf sticks and mechanical equipment, also said that the company’s total revenue last year was US$40mln. With such result, the company will try to achieve US$57mln in total revenue in 2015, up US$17mln against that of 2014.
Upon achievements done last year, many domestic enterprises in the province, namely Hoa Sen, Dai Thien Loc, Dong A, Kinh Do, Thai Binh, Minh Long, Thien Nam, Casumina, Dong Hung…, have also set high growth targets in production and business.
According to many enterprises, the world’s economy on recovery, the domestic economy with stability and growth plus many key works in the province completed are seen as basic advantages for production and business activities in 2015.
Ha Duy Hung, CEO of Dong Hung Industrial Joint Stock Company at Tan Dong Hiep A Industrial Park said that his company last year produced more than 10.7 mln pairs of various shoes with a total export turnover of U$S140mln. So far, the company’s ratio of localization has reached more than 90%, so there is a good competition in the domestic and foreign markets. With the above elements, the company has set high targets on quantity, revenue and export value.
Tran Van Nam, Chairman of provincial People’s Committee visiting and extending Tet greetings to staff of Kaiser Furniture (Vietnam) Joint Stock Company
Enterprises’ faith
Mr.Jimmy, General Director of Vison International Co.Ltd. said that with provincial leaders’ attention plus favorable investment climate, the company worked very effectively over the past time. Hence, the company believes to fulfill its plan in 2015.
Regarding business strategy, Kim Hyun Ho, General Director of Kumho Tire Vietnam Co.Ltd. stated that his company would further increase investment capital for production expansion in Binh Duong.
Many domestic enterprises also have self-confidence in obtaining positive results in 2015. Ly Ngoc Minh, General Director of Minh Long I Porcelain Co.Ltd. said that with its strong points plus national and local advantages, the company is very self-confident to complete its yearly plan.
Similarly, according to Tran Thanh Trong, Chairman of Binh Duong Mechanical Electrical Association, province-based enterprises will continue overcoming challenges to better fulfill their production and business tasks.
Enterprises’ effective operation is seen as an important element for Binh Duong to promote the local economy. Under 2015’s plan, Binh Duong has set targets of reaching 13% in GDP growth, 15.5% in industrial production value…With enterprises’ faith and keen working impetus in early Lunar New Year, it is believed that Binh Duong will fulfill its yearly plan.
Reported by T.Minh-Translated by K.T