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Accelerating industrial development

TQO - In the first months of 2024, along with the recovery of the domestic economy, the business community in the province has developed new development plans and strategies. This is a positive signal for industrial production to accelerate and develop.

Workers of HITARP Vietnam Company, Phuc Ung Industrial Cluster (Son Duong) focused on production right from the first months of the year.

To complete and exceed the 2024 target of producing nearly 10,000 tons of canvas for export, right from the beginning of January, HITARP Vietnam Company of Phuc Ung Industrial Cluster (Son Duong) launched an emulation movement between manufacturers, groups, teams, and workshops to create a vibrant atmosphere in production. Mr. Lee Hyung Hun, Production Manager of HITARP Vietnam Company, said that it is a 100% Korean-owned enterprise, specializing in manufacturing packaging and canvas for export to European, Japanese, and Myanmar markets. Since the beginning of the year, the company has signed contracts to supply canvas to customers with a supply output of nearly 10,000 tons. To ensure the proposed plan, the company has focused on promoting production activities right from the beginning of the year. In addition to solutions to encourage employees such as increasing bonuses for groups and individuals with good production achievements, the company focuses on monitoring production activities from groups and teams to ensure adherence to targets. perform. Accordingly, in the first 2 months of the year, the company produced more than 1,500 tons, reaching more than 15% of the year's planned target.

There are also many developments in the textile and garment sector. In just 2 months, the product output of Tuyen Quang LGG Garment Corporation Joint Stock Company has achieved a 33% increase in production and business efficiency compared to the same period in 2023, and an increase in revenue of 17% over the same period. Mr. Nguyen Duc Duy Anh, Deputy Head of Organization Department, Tuyen Quang LGG Garment Company, Doi Can Ward (Tuyen Quang City) shared that by 2024 the company's set goal is to produce over 800,000 products. To accomplish this goal, right from the beginning of the year, the company built a detailed production and business plan. Therefore, although in February production was interrupted for 7 days due to the Tet holiday, from January 6, all 600 workers of the company immediately started production to have enough goods to supply the market. US, EU according to contract. In the near future, the company will invest in additional lines to improve production efficiency.

In general, industrial production enterprises in the province have focused on stepping up production from the first month of 2024. Especially, right after the Tet holiday, enterprises immediately deployed production shifts to complete production. Therefore, industrial production value (according to 2010 comparative prices) in February is estimated to reach VND1,509 billion, reaching 6.4% of the year's plan, up 3.2% over the same period in 2023.

Mr. Nguyen Trung Kien, Deputy Director of the Department of Industry and Trade, said that production time in February 2024 is short due to the Lunar New Year holiday. However, industrial manufacturing enterprises are speeding up to ensure enough products to supply customers. In addition, to avoid the shortage of human resources after the Tet holiday, businesses have implemented thoughtful salary and bonus policies, thereby ensuring the number of workers returning to businesses to work is over 95%. This contributes to helping businesses start production right after Tet, thereby helping production output reach high levels right from the first month and first quarter of 2024.

With the proactive acceleration from the beginning of the year by industrial production enterprises in the province, the province's industrial production value in 2024 will reach the target of VND23,730 billion, an increase of 16% compared to the estimate of 2023.

Quoc Viet

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