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Businesses take advantage of recovery momentum, seek to expand markets

Việt NamViệt Nam13/03/2025


From 2024 to present, socio -economic, production and business activities continue to recover and develop steadily. The number of new orders of some key industries has increased sharply. Taking advantage of the recovery momentum, businesses have been making efforts to find new partners and expand their consumption markets to create a boost in revenue in 2025 and the following period.

Operating in the field of manufacturing electronic products such as car dash cams, phone headsets, phone chargers, and power banks, in 2024, the production and business activities of Kangyin Electronic Technology Co., Ltd., Chau Son Industrial Park (Phu Ly City) will recover and develop quite well with an increase of about 20% compared to 2023. This is a fairly high growth rate of the enterprise in recent years, after a long period of being negatively affected by the Covid-19 pandemic and the global economic crisis.

With the achieved results, Kangyin Electronic Technology has completed the planned revenue and sales output targets for 2024. In the first months of 2025, the number of new orders of Kangyin Electronic Technology continued to have a strong improvement. Currently, in addition to maintaining exports to some traditional markets such as the US, India, Japan, the company is also promoting the search and expansion of consumption markets to European countries, Southeast Asia, etc.

Mr. Yu Pin Li, Director of Kangyin Electronic Technology Co., Ltd. said: Since the beginning of 2024, when production and business activities have shown signs of recovery and improvement, the company has simultaneously increased salaries and welfare regimes for employees so that they can work with peace of mind and stay with the company for a long time. With the recent sharp increase in export orders, Kangyin Electronic Technology ensures jobs for employees until the third quarter of 2025. It is expected that in the early third quarter of 2025, our new factory will be completed and put into operation. At that time, Kangyin Electronic Technology will install new production lines and recruit more workers to meet the requirements of order progress. We hope that the provincial authorities will pay attention and support Kangyin Electronic Technology in recruiting enough workers when the new factory comes into operation in the near future.

Produced at Elmich Joint Stock Company, An My - Don Xa Industrial Park (Binh Luc). Photo: Han Han

At Elmich Joint Stock Company - a company specializing in manufacturing high-end household electrical appliances in the An My - Don Xa industrial cluster (Binh Luc), the recovery in 2024 is clearly demonstrated through a nearly 40% increase in revenue compared to 2023. Continuing the recovery momentum, Elmich's new orders have continuously increased in the first months of 2025. Currently, 70% of Elmich's consumption output is in the Vietnamese market and Elmich's products are available in most supermarkets and large shopping centers across the country. However, with the current development momentum, Elmich aims for export output to account for about 50% of total consumption output in the coming time. In the immediate future, Elmich plans to expand its export market to Japan in 2025 and strive to achieve a growth rate of 20%/year in the next 5 years. To achieve the set goals, Elmich will focus on market research, grasp consumer tastes in regions around the world , from which to have plans to improve designs and enhance product quality.

Mr. Le Quoc Vuong, Director of Elmich Vietnam Factory, said: Recently, Elmich has actively improved designs and diversified products to suit the tastes and needs of consumers in each country and region in the world. A highlight is that Elmich has researched and put into use ceramic coating for pots and pans to meet the green standards of the US market. With many efforts in diversifying designs and improving product quality, from 2024 to present, Elmich has sought many large contracts and expanded its consumer market to more than 20 countries around the world such as the Czech Republic, Russia, Germany, the Soviet Union, Mexico, etc.

According to the Department of Industry and Trade, in the first two months of 2025, industrial production activities in the province remained stable and developed. At many enterprises in the province's industrial parks and clusters, the scale and number of orders continued to increase. For most foreign-invested enterprises, the number of orders has been guaranteed to maintain production until the end of the second and third quarters of 2025. Taking advantage of the recovery momentum, many enterprises have developed new business plans and solutions, focusing on expanding factories and production scale, increasing labor recruitment, and finding and expanding export markets.

Thanks to the early stable operation right after the Lunar New Year holiday of At Ty 2025, in the first 2 months of 2025, the industrial production index in the province is estimated to increase by 14% over the same period last year. In particular, many key industries such as manufacturing of electronic products, computers, optical products; manufacturing of electrical equipment; manufacturing of rubber and plastic products; manufacturing of motor vehicles; manufacturing of electrical equipment; manufacturing of beds, cabinets, tables, and chairs all recorded high growth compared to the same period in 2024 with an increase of 18% to over 36%. In addition, the consumption of most major industrial products such as electric wires of all kinds; electronic components and equipment; beer; animal feed; motorbikes, etc. also achieved quite well in the first 2 months of 2025 with an increase of 5% to 25% over the same period in 2024.

With the impressive recovery and development momentum in recent months, it is believed that Ha Nam enterprises will successfully implement the production and business goals and plans set for 2025. From there, it will contribute to completing the province's common goal of having an industrial production value of over VND 280,700 billion by the end of 2025, an increase of 13.1% compared to 2024.

Nguyen Oanh



Source: https://baohanam.com.vn/kinh-te/thuong-mai-dich-vu/doanh-nghiep-tan-dung-da-phuc-hoi-tim-kiem-mo-rong-thi-truong-151477.html

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