Hanosimex and its policy of investing heavily in Nghe An.
(Baonghean)Hanoi Textile and Garment Corporation (Hanosimex) – a Heroic Labor Unit of the Renovation Period and a renowned textile and garment brand with 12 companies nationwide – is planning to invest heavily in Nghe An province. Besides Hoang Thi Loan Textile and Garment Joint Stock Company (a subsidiary), which is operating efficiently, the Corporation has invested in two garment factories in Nam Dan district and is preparing to invest in three more yarn factories in the Nam Giang Industrial Park – Nam Dan district and one garment factory in Quynh Luu district.
Perhaps never before has Nghe An province had so many bustling garment factories as it does now. Four South Korean garment factories in Do Luong, Nam Dan, Dien Chau, and Yen Thanh are employing nearly 10,000 rural workers. Now, the Nam Dan Hanosimex knitwear factory of the Hanoi Textile and Garment Corporation, with a capacity of 5.1 million garments per year and a total investment of 78.34 billion VND, has also commenced operations. In addition, Hoang Thi Loan Textile and Garment Joint Stock Company (a subsidiary of Hanosimex) is also experiencing steady growth.
Despite being very busy in the rough assembly workshop, Ms. Hoang Thi Minh Phuong (Hoang Thi Loan Textile and Garment Joint Stock Company) happily told us that her current income has reached 5 million VND per month. Having worked for the company for 10 years, she is used to working shifts and guiding new employees. The working environment is constantly improving, the job is secure, and the benefits are relatively good, so she has never considered moving elsewhere. Ms. Van Ha from Hamlet 14, Nghi Phu, is similar; after finishing school, she applied to learn sewing and work at the company. Van Ha confided: “My parents are farmers, but they are currently unemployed because all their land has been confiscated. My current income is 3.5 million VND per month, but what I've gained is discipline, work ethic, a better understanding of the value of the money I earn, and a much-needed relief for my parents.” Meanwhile, Anh Tuan, originally from Nghi Xuan commune (Ha Tinh province), said that he is currently very satisfied working at the textile factory. Although the work is hard, it ensures a stable income and a secure life.
Operating the yarn production line at Hoang Thi Loan Textile and Garment Joint Stock Company.
Photo: Canh Nam
Despite the economic downturn affecting all countries and markets, including the textile and garment industry, Hoang Thi Loan Textile and Garment Joint Stock Company, with its perseverance, youthful energy, and renewed dynamism, is still securing many stable orders, increasing direct exports, investing in technological innovation, raising the proportion of exported yarn, and strengthening the trust of customers from many countries such as Egypt, South Korea, China, and Malaysia.
According to a report from Hoang Thi Loan Textile and Garment Joint Stock Company, a subsidiary of Hanoi Textile and Garment Corporation, in the first six months of 2013, the company's total revenue reached VND 347,777 million, achieving 55% of the annual plan and 137% compared to the same period last year. Production of various types of yarn reached 5,890 tons, 157% compared to the same period last year, and garment production reached 1,847,000 units, 121% compared to the same period last year. The good news is not only the revenue growth but also the fact that direct exports exceeded USD 7 million, 385% compared to the same period last year. The company contributed VND 6.66 billion to the state budget and ensured income and salaries for over 600 employees at an average of VND 3,870,000 per month. In the first six months of the year, the company proactively secured cotton and fiber raw materials for production. Both factories maximized their production capacity, resulting in a 57% increase in yarn output and a 21% increase in garment production compared to the same period last year. Thanks to its strong reputation with business partners, the company secured favorable export markets. In the first six months, yarn export revenue reached over $7 million, an increase of nearly 385% compared to the same period last year.
Not only does the Company's Party Committee take good care of the jobs and lives of its employees, but it also organizes Party-wide study sessions and activities to thoroughly understand and implement Resolution No. 6 of the Central Committee (11th Congress), study and follow the moral example of Ho Chi Minh, and uphold the exemplary sense of responsibility of its cadres. The Party Committee's leadership policies and directions are always linked to the interests of the company and its employees, thereby fostering the spirit of unity and creativity among the company's cadres and workers.
Meanwhile, the Nam Dan Knitwear Factory, despite only recently starting operations, has already attracted 700 workers. Construction began in early November 2012, and after nearly seven months of building and equipment installation, the Nam Dan Knitwear Factory commenced production on May 31, 2013. The factory, covering nearly 12,000 square meters and costing 78.3 billion VND, was completed in a short time with high quality, fulfilling its commitments to the local community.
Along with the steady performance of other factories, Hanosimex Corporation's revenue in the first six months of the year reached VND 934,882 million, with pre-tax profit reaching VND 27.6 billion. Revenue increased by 20% compared to the same period in 2012. Regarding export turnover: the Corporation achieved 56% of the annual plan, an increase of 69% compared to the same period in 2012. Average income in the first six months of the year increased for most production units within the corporation compared to the same period in 2012.
Textile factories in the province, including those of Hanosimex, have been competing to increase production, creating a new rhythm and vitality for the rural areas of Nam Dan, Do Luong, Yen Thanh, etc. From a time when they only knew how to plant, plow, embroider, and raise livestock, now every morning, many rural people in Nghe An wake up early to go to the garment factories to work with high industrial discipline, creating exportable goods and contributing to bringing foreign currency into the country.
Mr. Nguyen Song Hai, Deputy General Director of Hanoi Textile and Garment Corporation (Hanosimex), and concurrently Party Secretary and General Director of Hoang Thi Loan Textile and Garment Joint Stock Company, stated: Nghe An and Ha Tinh will be strategic investment areas for Hanosimex in the coming time. With the approval of Nghe An province, Hanosimex is preparing to invest in three more factories in Nam Dan: a yarn factory with a capacity of 12,000 spindles and a production capacity of 15,000 tons/year; a woven garment factory with a capacity of 3.6 million shirts/year; and a knitted fabric factory with a capacity of 4,000 tons/year. Simultaneously, another garment factory will be built in Quynh Luu district. The advantage of abundant labor resources, coupled with the province's investment incentives and the strategy of relocating factories to other localities, is driving the Corporation's investment in projects in Nghe An.
Chau Lan
