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Businesses gearing up in post-crisis period
Garment, footwear and furniture are three industries that may soon escape the economic downturn. A lot of companies have reportedly received enough orders for production through the end of 2009.
Wood furniture producers in Dong Nai, home to many industrial zones, have witnessed a recovery since the third quarter of 2009 after they signed contracts to export products to the US, EU and Japan.
According to Le Si Lam, Head of the Planning Division of the Dong Nai Industry and Trade Department, most of their industries have a growth rate of 8-13 percent.
In general, production always gears up in the last months of a year, especially in garment, footwear, wood furniture and food processing enterprises, because they prepare for the high sale season at year’s end and also for Tet.
Thanh Minh Company reported that its workers must work one-hour extra every day to fulfill their contracts. Like many other wood furniture producers, Thanh Minh now has to work hard to meet their schedule.
Thanh Minh Company Director Nguyen Huu Thanh revealed that his company had been running at moderate level until the end of the second quarter of 2009 because they lacked orders. The low income of that period prompted many workers to leave the company. Now, when the company has a lot of jobs, it cannot recruit enough workers.
Thanh observed that his company received nearly 11 billion dong in the first six months of 2009, four billion dong less than the same period of 2008. Since then, however, the situation has improved through the third quarter.
Do Son Lam, owner of a furniture workshop, related that his workshop once nearly closed for a year because of no orders.
“At that time, I thought that my workshop would go bankrupt. Now the situation has improved since mid-year and I have many orders,” Lam commented. “We have to organize two-shift production in order to fulfill orders,” he added.
Regarding garment and footwear, by the third quarter of 2009, the total production value of the two industries had reached 11,500 billion dong, an increase of 11.43 percent over the same period of 2008.
Foreign invested enterprises Epic Designers, Fashion Garment and Wacoat have pushed up production, while domestic producers Dong Nai and Dong Tien have recruited more workers and expanded fabrication.
“The garment industry has emerged from the most difficult period,” offered Bui The Kich, General Director of Dong Nai Garment Company.
Meanwhile, General Director of Dong Tien Garment Company Vu Ngoc Thuan reported that his company is on course to obtain 25 billion dong in profits for 2009, while the targeted profit had been only 15 billion dong.
vietnamnet, tp
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