Vinh Yen Shoes Joint Stock Company is a reputable enterprise specializing in processing sports shoes for export to Western countries, the EU and the United States. In recent years, the company has actively innovated management, invested in modern machinery, equipment and technology to improve product quality, meet the requirements of partners, and become a reputable export enterprise.
Previously, Vinh Yen Shoe Joint Stock Company encountered many difficulties in its operations. There was a time when the company was on the brink of bankruptcy, workers were unemployed, the factory temporarily stopped operating... With the attention of the province in equitizing enterprises, innovating management, increasing investment in modern production lines, the company gradually revived production, creating jobs for workers with increasing income.
In the past 5 years, despite the impact of the pandemic and the global economic recession, the company has grown strongly and remarkably, with revenue each year higher than the previous year, averaging from 350 to more than 415 billion VND/year; maintaining jobs for nearly 3,000 workers; contributing more than 25 billion VND/year to the state budget.
Currently, the company maintains 6 production lines at 2 facilities including: Facility 1 in Dong Da ward (Vinh Yen), Facility 2 in Hoang Lau commune (Tam Duong) with nearly 3,000 workers and laborers working with automatic production lines that meet European standards.
Back in 2006, the company was on the brink of bankruptcy, not enough jobs, debt 5 times the revenue (27 billion VND). In that situation, to gradually overcome difficulties and maintain operations, the company rearranged the management apparatus, reorganized the production lines to suit each period; especially increased investment in modern machinery and equipment lines, technology, and improved production capacity. The company invested billions of VND to replace the entire technological line to meet the orders of partners. After that, invested 18 billion VND to expand the 4,000 m2 production workshop.
From 2015 to present, the company has opened another branch in Hoang Lau (Tam Duong), increasing the total investment of the entire company to nearly 300 billion VND, increasing the charter capital from 8 billion VND (in 2014) to more than 50 billion VND, ensuring the output of 2 - 2.5 million pairs of shoes/year; maintaining jobs for nearly 3,000 workers.
With the innovative initiative to upgrade the chopping machine from 1.2 m to 1.6 m wide based on the principle of maintaining the main technical parameters of the machine, including chopping force, stroke and number of strokes in a unit of time. The plan to replace the entire machine frame to expand the chopping width from 1.2 m to 1.6 m has met the diversity of raw materials, while increasing the machine's capacity by 30%, ensuring product quality is always beautiful. This initiative has benefited the company more than 2.6 billion VND/year.
In addition, the company actively seeks new sources of raw materials, export markets and focuses on improving the quality of each pair of sports shoes, meeting the strict standards of the European, American, Korean and Japanese markets.
Thanks to that, the company's production and business activities have always flourished over the years. From 2020 to now, despite being affected by the Covid-19 pandemic, the company still maintains an output of 2 million pairs of exported sports shoes each year. Revenue reaches an average of more than 350 billion VND/year.
In 2022, revenue will reach more than 415 billion VND; creating jobs and stable income for nearly 3,000 employees with an average salary of 7 million VND/person/month. In 2024, the company's production and business activities will maintain an output of nearly 2 million pairs of shoes with revenue of 335 billion VND, paying the State budget 24 billion VND, creating jobs for nearly 2,700 employees with an average salary of 7 - 9 million VND/person/month; paying the State budget 24 billion VND; paying social insurance for 100% of employees with a total amount of more than 55 billion VND.
Chairman and Director of Vinh Yen Shoe Joint Stock Company Le Thanh Thuy said: "2025 is expected to have many bright spots. At the beginning of the year, the company signed orders until the end of October, with a quantity of nearly 2 million pairs of shoes and is continuing to negotiate with partners to have more production orders for the sixth quarter of 2025.
The opportunity to bring quality sports shoes with the brand “Made in Vietnam” to the EU and US markets is expanding as the US removes preferential policies and high taxes on footwear exported from China and India, creating more favorable competition opportunities for Vietnamese footwear exports.
In particular, taking advantage of the opportunity and grasping the opportunities brought by the Comprehensive and Progressive Agreement for Trans -Pacific Partnership (CPTPP) and the Vietnam - European Union Free Trade Agreement (EVFTA), in 2025 and the following years, Vinh Yen Shoe Joint Stock Company will continue to invest in modern machinery and equipment, improve labor skills through new, high-quality models; seek new partners in Asia and the US, improve technology and product quality to sign more contracts to process sports shoes for the EU market and countries participating in the CPTPP Agreement.
In 2025, Vinh Yen Shoe Joint Stock Company strives to successfully complete the production and export target of 2 - 2.3 million pairs of quality shoes, with revenue reaching more than 350 billion VND; paying taxes from 25 - 30 billion VND, ensuring jobs for 2,800 workers with an average income of 7 - 9 million VND/person/month.
Article and photos: Xuan Hung
Source: http://baovinhphuc.com.vn/Multimedia/Images/Id/129234/Cong-ty-co-phan-Giay-Vinh-Yen-Doi-moi-cong-nghe-nang-cao-chat-luong-san-pham-hoi-nhap-ben-vung
Comment (0)