“Transform” to incorporate and grow

In 2023, there are many objective factors influencing enterprise production and business situation; however, with the support of all levels and sectors, as well as creative thinking and effective solutions, the provincial business community has achieved remarkable results, contributing to socioeconomic growth. As we enter 2024, enterprises in the province will continue to promote their advantages, dynamism, and innovation in order to boost productivity and product quality, while also welcome new prospects from global economic integration.

Toyota Phu Tho Joint Stock Company employs comprehensive business management software solutions in executive management.

The movement of the value chain, requirements of partners and markets towards sustainable production and consumption, green economic trends, digital economy, and the Industrial Revolution 4.0 are taking place rapidly; Carbon taxes and carbon verification tools are being implemented in many nations throughout the world, necessitating innovation in order for firms to stay competitive. The growth of green consumption and green manufacturing makes it difficult for businesses to meet customer wants and preferences. Many firms are working hard to develop a solid foundation and a corporate identity in order to stand out in the home market and reach out to the area and the world.

Thuy Van Plastic Wood Joint Stock Company, located in Thuy Van Industrial Park in Viet Tri City, specializes in the manufacture of plastic panels with a production capacity of 300,000 m2 per year. In 2023, the Ministry of Industry and Trade will designate the Company’s plastic panels as a typical national rural industrial product. Mr. Phung Minh Noi, Director of the Company, stated: "Last year, the Company adjusted its sales strategy and synced product consumption solutions. The construction materials sector may not have fully recovered by 2024, but I believe that plastic panel products with numerous superior characteristics, high durability, environmentally friendly materials, and different designs will be popular on the market.

Green manufacturing, green export, green consumption... have emerged as a worldwide development trend and a viable option to reducing greenhouse gas emissions. Not just in export markets, but also at home, customers clearly express their support for socially responsible firms and take real steps to “live green”. To take advantage of possibilities provided by free trade agreements, enterprises must fulfill origin and technical criteria, which are required prerequisites to benefit from tax breaks.

Bamboo goods from Bambamboo Co., Ltd. in Thanh Thuy town, Thanh Thuy district, are ecologically benign and exceed export criteria.

Bambamboo Co., Ltd., Thanh Thuy town, Thanh Thuy district, has achieved initial success with bamboo-based ornamental goods and domestic appliances, supplying restaurants, hotels, resorts, and export. Mr. Vu Anh Van, Director of the Company, stated: “”In today’s world, items not only have to meet quality, usefulness, and price standards, but they must also be environmentally friendly. Bamboo products fulfill aesthetic standards, reduce plastic waste, and have received excellent response from customers. The firm has more than 100 distinct bamboo product codes, some of which are popular and widely distributed in overseas markets."

CMC Joint Stock Company, Thuy Van Industrial Park, Viet Tri City, boosted its investment in contemporary equipment and technology, which improved production and business efficiency.

Faced with market changes, firms must not only invest in equipment, but also reinvent their ideas, business strategies, and management structures. Based on digital technology, digital transformation. In recent years, the province has implemented several mechanisms and regulations to assist companies in innovating production and business models, reorganizing enterprises linked with digital transformation, and encouraging businesses to adapt digitally to convert obstacles into opportunities festival. Digital transformation is regarded as a novel, ground-breaking strategy for expediting the process of industrialization and modernization of the country, as well as industries and areas.

Businesses must reorganize in the face of a global economic slump, and green and digital transformation is an unavoidable trend in corporate development. The transformation provides chances to design a successful and sustainable corporate growth plan, allowing organizations to “score points” with consumers, get a competitive edge over competitors, and generate long-term development momentum. Hopefully, synchronous solutions will provide new strength and power to enterprises, allowing them to overcome obstacles and develop new growth drivers in the future.

Nguyen Hue