Tra Ly Spinning Joint Stock Company: Uplifting the Prestige and Brand of Vietnam Garment and Textile Industry

After more than 30 years of construction and development, Tra Ly Spinning Joint Stock Company has asserted its name in yarn production and business as well as its contributions to Vietnam's garment and textile industry. Powerful change

After more than 30 years of construction and development, Tra Ly Spinning Joint Stock Company has asserted its name in yarn production and business as well as its contributions to Vietnam's garment and textile industry. Powerful change

Tra Ly Spinning Joint Stock Company was founded in 1978 in Thai Binh province with the initial name of Thai Binh Jute Carpet Factory, specialised in manufacturing and trading jute yarns and jute sacks. In 1993, the company was renamed to Thai Binh Jute Company. In 2002, the company invested to build a spinning line with a capacity of 20,000 spindles of yarn a year. In 2003, it changed its name to Tra Ly Spinning Company. In 2005, it went public and was renamed to Tra Ly Spinning Joint Stock Company. In 2007, it invested to expand its production capacity by 10,000 spindles of yarn to raise the production capacity of spinning mills from 20,000 spindles to 30,000 spindles. After more than 30 years of construction and development, the company has built up a strong reputation and brand name, and created jobs for many workers.

In recent years, amid economic downturn, the company carefully analysed ongoing market developments to make forecasts and plan for production and business operations. Then, the company worked out solutions to sales and input imports to minimise risks in price, quality and delivery. To ensure stable production, Tra Ly Spinning Joint Stock Company has actively explored the materials market through reliable channels, including the advice from the Vietnam Textile and Apparel Association (Vitas), and the Vietnam Cotton & Spinning Association. In light of its operating principles of prestige, quality and efficiency, its products for the market are always highly appreciated and trusted partners. Thanks to its sound strategies and solutions, Tra Ly Spinning Joint Stock Company achieved total revenue of VND200 billion in the first six months of 2013, including VND80 billion from exports.

Community sharing

Mr Hoang Tich Phung, Secretary of Party Committee at Tra Ly Spinning Joint Stock Company, said, with our right development strategies and appropriate measures for specific periods, Tra Ly Spinning Joint Stock Company always maintains steady development. The company also attaches great importance to corporate responsibility to the society and community. Therefore, the company always regards its employees as precious. The material and spiritual life of employees are taken care of. The working environment is equipped with noise reduction systems; production factories are clean, hygienic and safe; and meals for workers are nutritious. Currently, an employee is paid VND3-4 million a month on average. In the coming time, Tra Ly Spinning Joint Stock Company will adjust payrolls to ensure good incomes for employees and thus strengthen their loyalty.

In addition, the company fulfils all financial obligations to the State, and creates a lot of well-paid jobs for workers. In 2013, although domestic and international economies continue to face difficulties, the company still grasps a lot of opportunities from traditional customers and affirms its prestige and brand name in the garment and textile industry.

Tran Trang

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