Truong An Company Limited (Thuy Danh) cares about the lives of workers.

bna_van truong 3.jpeg — Truong An (Thuy Danh) Co., Ltd. develops and produces high-quality ready-mix concrete. Photo: Van Truong

Truong An (Thuy Danh) Co., Ltd. in Do Luong district is currently the official distributor of products from famous brands such as: Vicem Hoang Mai Cement, Song Lam Cement, Long Son Cement, Nghi Son Cement, and especially Kyoei steel, Japanese steel, Tisco steel, Viet Duc steel pipes, etc.

In addition to cement and steel, in recent years, Truong An (Thuy Danh) Co., Ltd. has also developed the production of high-quality ready-mix concrete and reinforced concrete piles. Currently, the company has built a wide distribution network throughout Nghe An province and the North Central provinces.

However, from 2022 and from the beginning of 2023 to the present, the construction materials business has been negatively impacted by the global economic recession, high inflation, rising fuel prices, and slow consumer demand. Tight monetary policies and increased interest rates have affected the company's production and business operations.

bna_van truong 2.jpeg — The corrugated iron and steel products of Truong An Co., Ltd. (Thuy Danh) are always popular with customers. Photo: Van Truong

Faced with these difficulties, the company has strived to overcome challenges, flexibly implementing appropriate business solutions and strategies to stabilize production and create jobs for workers. The unit has focused on in-depth investment to improve production capacity, especially investing in highly automated equipment to improve quality and diversify product designs of construction materials, contributing to increased production and business efficiency.

Alongside its production and business activities, Truong An (Thuy Danh) Co., Ltd. also focuses on caring for the lives of its workers. A worker at Truong An (Thuy Danh) Co., Ltd. shared: "I've been working at this company for over 10 years, and the company fully and promptly implements all salary, bonuses, and other benefits and entitlements as stipulated. For employees like us, these conditions are basically good. My family's life is basically stable with an income ranging from 8-10 million VND per month.”

In addition, the company organizes annual vacations and sightseeing trips for its employees, creating motivation for them to work more efficiently.

Mr. Tran Duc Danh - Director of Truong An (Thuy Danh) Company Limited shared: "Employees are always committed to the company, so we must acknowledge their contributions. Even during the economic crisis, when the company faced many difficulties, we always paid our employees their full salaries so they could work with peace of mind and support themselves and their families."

bna_van truong 1.jpeg — Ready-mix concrete from Truong An Co., Ltd. (Thuy Danh) is being used for riverbank embankment construction in Con Cuong. Photo: Van Truong

To improve the material well-being of its employees, the company always sets forth clear and transparent salary and bonus policies and implements them strictly. Periodically, on a quarterly basis, the company organizes meetings and direct dialogues between employees and employers to address any concerns or questions from employees; at the same time, it guides employees in understanding the company's goals and development strategies.

From the beginning of 2023 until now, with high determination and effort, Truong An Company Limited (Thuy Danh) has maintained stable business operations, paying all taxes to the State totaling over 10 billion VND; creating stable jobs for over 500 employees with salaries ranging from 8 to 10 million VND per person per month. The company has paid social insurance for 75% of its employees. Since the beginning of 2023, the company has also allocated 500 million VND to help those in difficult circumstances and support other charitable activities.

Mr. Tran Duc Danh - Director of Truong An (Thuy Danh) Co., Ltd., added: In the context of the global recession, the real estate market is "frozen," and businesses are experiencing cash flow imbalances and delayed payments, which have directly impacted the company's construction materials production and business activities. To cope with these difficulties, the company will seek to expand into new markets, focusing strongly on the residential market segment to boost revenue growth.

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