Song Cong Enterprises together overcome difficulties

In the context of the global economic recession, the business community in general and businesses in Song Cong City in particular are facing many difficulties and challenges. However, with dynamism and sensitivity, many businesses have found their own ways to ensure the maintenance of operations and stable employment for workers. Businesses have also made efforts to accompany and unite to overcome difficulties together.

Song Cong Sourcing Joint Stock Company specializes in manufacturing hand tools, currently creating jobs for nearly 50 workers with an average income of 8-10 million VND/person/month.

In the first 10 months of 2023, the total number of cars sold by Thai Nguyen Truong Hai Company Limited (located in Song Cong City) was more than 1,100 units. This number decreased by 30% compared to the same period last year. Not only Truong Hai, most car manufacturers recorded a decrease in sales.

Mr. Duong Van Luan, Director of Song Cong Branch - Thai Nguyen Truong Hai Company Limited, said: Faced with the reality of declining sales, the company has launched many promotional, discount and incentive programs for customers. Many car models are given accessories or discounts from tens to hundreds of millions of VND. In particular, due to information that the Government will reduce 50% of registration fees for domestically assembled cars from July 1 to December 31, 2023, many people who want to buy a car have signed contracts and picked up the car immediately to enjoy the "double incentive" of reducing both price and registration fee.

It can be said that reducing 50% of registration fees for domestically assembled cars is one of the policies that Thai Nguyen Truong Hai hopes will boost sales in the last 2 months of this year.

As for Phong Phu Joint Stock Company, it is a business specializing in manufacturing construction materials, installing industrial machinery and equipment (industrial fans, exhaust gas treatment systems), headquartered in Zone B, Song Cong 1 Industrial Park. Company Director Nguyen Tuan Anh said: In addition to the impact of the economic recession, we also have to compete with large domestic enterprises and foreign suppliers.

To overcome difficulties, the Company has focused on brand development, innovation in management technology, and regular updates on market information to have a long-term business orientation. The Company has also restructured its products, focusing on producing and trading effective products (such as corrugated iron, iron, steel, industrial fans, exhaust gas treatment systems, etc.) and cutting down on low-profit products. To reduce business costs, we regularly monitor electricity and water savings and streamline the human resources department.

These are just 2 of more than 560 enterprises in Song Cong City that are making efforts every day to overcome difficulties. Not only constantly innovating production technology, focusing on improving the quality of human resources, enterprises also proactively adjust to suit the new trend associated with the city's economic development orientation of industry, trade - services. Many enterprises grasp the urbanization process, boldly shifting investment in production and business to serve the fields of construction and infrastructure. Along with the efforts of each unit, enterprises also promote cooperation to help each other develop.

Mr. Hoang Van Minh, Director of Diesel Song Cong One Member Co., Ltd., Chairman of Song Cong City Business Association, said: By building an environment of effective production and product consumption linkage, local businesses can continue to operate and grow in difficult times. This linkage has created many cooperation projects between businesses with more preferential prices and services.

Accompanying enterprises, the Song Cong City government always monitors and supports, creating the best conditions for enterprises to stabilize and develop production and business. In addition to implementing relevant mechanisms and policies well, the City People's Committee also organizes forums and conferences for enterprises to propose ideas, remove difficulties and obstacles; directly grasp the situation at enterprises, go to production workshops; strengthen inspection and encourage construction sites... From there, promptly grasp the thoughts and aspirations of business owners and workers, and provide timely direction and direction to resolve them.

With the effective implementation of the State's support policies, along with the open investment attraction mechanism and flexible management of Song Cong City, the state-owned enterprises and foreign-invested enterprises in the area have grown quite well; private enterprises are recovering positively and growing, a number of factories with large investment capital have completed construction and gone into production.

Since the beginning of the year, the total industrial production value in the area is estimated at over VND 8,700 billion, an increase of more than 5% over the same period in 2022, of which the value of local industrial and handicraft production is estimated at over VND 5,200 billion, an increase of 5.6%. The whole city has over 20 newly registered enterprises, attracting 2 investment projects in Song Cong I and Song Cong II Industrial Parks, creating new jobs for nearly 1,000 workers...

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