Yen Bai enterprises proactively respond to the market

In the context of the world economy constantly fluctuating due to geopolitical instability, supply chain disruptions and changing tariff policies from major markets such as the US, China and Europe; maintaining export growth momentum poses many challenges for Vietnamese enterprises, including those in Yen Bai province. However, with the support of authorities at all levels and functional sectors, enterprises in the province have made efforts to overcome difficulties to achieve the set growth target.

Báo Yên Bái•20/05/2025

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Dafu Stone Vietnam Co., Ltd. is a 100% foreign-invested artificial quartz stone manufacturing enterprise in the Southern Industrial Park. Having just started operating since June 2024, the Company quickly stabilized production and exported the first orders in November 2024. Since then, the Company has always achieved a high growth rate with an average export output of nearly 11,000m³ of products per month; of which, the US market accounts for 98%.

However, the "big shadow" from the US market is also a challenge when this country announced the possibility of applying new anti-dumping taxes on imported products for countries, including Vietnam, in 2025.

As soon as the risk signs were detected, the Company closely coordinated with the Yen Bai provincial government, especially the Department of Industry and Trade and the Provincial Industrial Zones Management Board to quickly grasp developments from the trade promotion agency, the Vietnam Trade Office in the US and trade counselors. On that basis, Dafu Stone has implemented a series of solutions such as: upgrading product quality standards, controlling the origin of raw materials; working with partners to diversify orders, adjust contract terms; searching for and approaching new markets to diversify output. Along with that, the US's extension of the new tax imposition period is considered a "golden opportunity" to help businesses have more time to prepare effective response strategies.

Mr. Zang Zhu Zhong - Director of Dafu Stone Vietnam Co., Ltd. said: "We were very worried when we received information from our US partners about the new tax imposition. Orders, contracts, shipping - all are at risk of being delayed or canceled. However, the positive thing is that the US side has announced a delay in applying the new tax rate, giving businesses an important buffer to respond promptly. During this time, we have introduced many measures to cope with the volatile market situation. I am very grateful and appreciate the accompanying role of Yen Bai province in proactively providing information, supporting us to connect with legal and tax consultants; at the same time, introducing trade promotion opportunities in new markets".

Sharing the same strategy of constantly diversifying products and expanding new markets, Nasaki Vietnam Co., Ltd. - one of the construction material manufacturers with green development orientation in Yen Bai province is gradually gaining a foothold in the international market.

With dozens of construction material product lines of all types, the Company is not only a partner of many large domestic corporations but has also developed into many regional markets such as China and Thailand - markets with large but also volatile consumption. Throughout the production and business process, in addition to investing in improving technological lines, standardizing production processes, constantly researching and applying information technology, applying AI technology in expanding the international consumption network with a "multi-market" strategy has helped the Company stabilize output and minimize risks.

Ms. Nguyen Thi Khuyen - Director of Nasaki Vietnam Co., Ltd. said: "In 2025, the domestic and international markets will have many fluctuations. In that context, we determine to turn challenges into opportunities. Regarding the market, we will conquer new markets such as Japan and Korea. We also focus on researching artificial intelligence so that customers have a good experience when using the product."

The efforts of export enterprises in proactively and flexibly managing production, seizing market opportunities, adapting to fluctuations in the international situation, and reducing risks in the production and business process have contributed to ensuring growth according to the set goals. Thanks to that, the business community of Yen Bai province has not only maintained stable growth, gradually asserting the province's position in the global supply chain, but also actively contributed to increasing the province's export turnover, creating jobs for thousands of workers and promoting the economic restructuring of the locality.

According to statistics from the Department of Industry and Trade, in 2024, the total export turnover of the province will reach over 270 million USD. In the first quarter of 2025, the export turnover of goods will reach over 120 million USD, an increase of 25% over the same period in 2024, equal to 24% of the 2025 plan. The main driving force for export growth comes from key products such as agricultural products (cinnamon, tea, cassava starch), processed minerals, construction materials, garments and artificial quartz. In particular, FDI enterprises had a total revenue of over 800 billion VND in the first quarter, contributing over 65 billion VND to the state budget.

Manh Cuong

Source: https://baoyenbai.com.vn/12/350496/Doanh-nghiep-Yen-Bai-chu-dong-ung-bien-voi-thi-truong.aspx