Phu Tho: Businesses' efforts to capitalize on the integration trend

DNHN - Together with the team of entrepreneurs from across the nation, the entrepreneurs of Dat To have promoted the spirit of self-reliance, proactive creativity, and efforts to rise, gradually establishing their position in the context of integration

Statistics from the Department of Planning and Investment indicate that there are currently more than 7,000 businesses operating in the province. Each year, businesses contribute more than fifty percent of total social investment capital, attracting and creating employment for over 170,000 individuals.

The team of businesses and entrepreneurs in the province has grown in quantity and quality, with increasingly diverse scales and fields of activity; maturing and expanding as it asserts its significant role in the socioeconomic development and international integration processes.

However, the fluctuations in the global economic situation are complex, unprecedented, and more difficult than anticipated, wars and conflicts have occurred, and fierce strategic competition between major countries has impacted the economy of our country as well as the production and business activities of corporations. In addition, the prices of raw materials and fuels rose, the purchasing power of the market declined, and the exports of several major products fell short of expectations.

Faced with this circumstance, businesses have implemented solutions such as proactively stockpiling raw materials for production, bolstering negotiations with customer partners, and sharing during difficult times. Simultaneously, minimize production costs to lower prices and increase market competitiveness; make use of the State's support policies to plan appropriate production and business strategies.

Numerous businesses and retailers in the fields of commerce and services are expanding their sales channels, placing their products on numerous business platforms, and engaging in other activities to take advantage of the power of online sales channels. Connecting supply and demand, trade shows and exhibitions promote domestic and international trade.

Tasa Group Joint Stock Company, Thuy Van Industrial Park, Viet Tri City, produces over 20 million m2 of ceramic tiles annually. Mr. Pham Huu Vu - Deputy General Director of the Company remarked that businesses in the construction materials industry have faced significant challenges in recent years due to fluctuations in raw material prices and the impact of the economic recession, resulting in a decrease in customer demand and an increase in inventory. To overcome obstacles, Tasa Group alters its product designs regularly, promptly meeting the needs of the domestic market and catering to exports.

According to Mr. Vu, in addition to the traditional markets of Southeast Asian nations, the Company has expanded its market to Europe and Japan. Currently, the Company's annual export revenue exceeds nearly 10 million US dollars, and strives to increase its export value annually.

Due to the efforts of businesses to adapt, the continually improving business investment climate, and the spillover effects of large investment projects, the province continues to attract a large number of new businesses. By the end of the third quarter of 2023, the entire province will have over 700 newly registered enterprises with a total registered capital of more than 18,000 billion VND, an increase of 1.3% in the number of enterprises and a nearly 90% increase in registered capital compared to the same period in the previous year.

Businesses and entrepreneurs have significantly contributed to the province's economic growth and stability through their vitality, creativity, and zeal. With the support and assistance of all levels and sectors, numerous businesses and entrepreneurs have taken advantage of opportunities, promoting internal resources, the spirit of self-reliance, self-reliance, proactive creation, maintaining stability, expansion of production and business, and reputation enhancement.

P.V