Bustling Year-End Production

​(News Portal – Dong Nai) - As the Lunar New Year approaches, businesses are focusing on production to meet annual targets and cater to the high-demand Tet market.  

Although the economy shows signs of recovery, unpredictable factors remain. Alongside efforts to fulfill signed orders, businesses are actively implementing solutions to diversify markets and enhance sustainable production capacity. 

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Confectionery Production at Domilk JSC 

Focus on Production

At Chien You Vietnam JSC (Bien Hoa 2 Industrial Zone), more than 200 staff and workers are busy producing to serve customers during the year-end period. Over 28 years of development, Chien You has become a trusted manufacturer of semi-trailers and storage tanks. This year, the company's new hot-dip galvanized products secured significant orders from the Long Thanh International Airport Project, prioritizing production efforts.

Mr. Ha Ngoc Dung, General Director of the company, shared: "Our company is a supplier to many major projects under construction in Dong Nai and other provinces nationwide. All products we manufacture meet the stringent standards of our clients and affirm the quality of services Chien You provides."

Similarly, at Ishikawa Metal Processing Company Limited (Bien Hoa City), specializing in sheet metal production, accessories manufacturing, and machinery fabrication, year-end production is also in full swing.

Mr. Vu Chien, a company representative, stated that the year-end period is when production output increases to meet partner demands. Currently, some of the company's components and products are directly exported to foreign brands and partners. The business hopes to receive further market information and connections with multinational partners investing and operating in the province to explore additional collaboration opportunities and secure contracts.

Preparing Backup Plans

According to Dong Nai Statistics Office, industrial production in the province shows stable growth toward the year-end. Recently, the industrial production index has risen significantly in key provincial sectors, with many businesses securing new orders and increasing production to meet customer demands in the last months of the year. Both domestic and export markets are showing more favorable developments. As a result, the industrial production index for the first ten months of 2024 increased by nearly 7.9% compared to the same period last year.

While production is recovering, long-term challenges remain for businesses and the economy, particularly in export markets. Notably, the United States, a major export market for Viet Nam, is expected to undergo changes following the inauguration of President Donald Trump. The U.S. administration may impose high tariffs on certain countries, especially China. This could pose challenges for export sectors like seafood, textiles, footwear, and wooden products as demand decreases due to higher import costs. Additionally, in the EU market, a series of regulations concerning eco-products, extended producer responsibility, supply chain traceability, and carbon emission reductions for manufactured goods are being implemented, adding more pressure on businesses.

Economic experts suggest that businesses should leverage the potential of markets with which Viet Nam has signed bilateral and multilateral free trade agreements. They should also explore new, high-potential export markets such as Africa, the Middle East, and South America, as well as focus on niche products to create competitive advantages, opening opportunities for more sustainable exports.​

Mr. Le Thanh Phat, Deputy Director of Long Viet PB Engineering JSC (Tam Phuoc Industrial Zone, Bien Hoa City), shared that the company's products are being exported to several international markets, including the United States. In light of export challenges, alongside ensuring quality and meeting stringent standards, the company is expanding domestic supply to stabilize production.