About 5s in factory

Footwear maker Long Rich Vietnam Co. Ltd based in Thu Duc, with almost 5,000 workers, has just enough orders for workers to complete during regular working hours and so there is no scope for overtime work unlike previously, Nguyen Thi Thuy Van, chairwoman of its labor union, said. With orders expected to drop further, the company has made plans to retain all its workers. If there are not enough orders to keep them busy, they will be asked to do other jobs such as cleaning the machinery and making covers for the machines and gloves and aprons for themselves. During this period, they will still get a fixed salary and daily lunch. Even if there is not any work for them, the factory will still have workers check in every day to have lunch. The company will also organize sports and entertainment programs to keep them entertained. Van said: "Such activities are to create a reason for workers to come to the factory and keep employer and employees in touch. "Without that … [Read more...] about Factories strive to retain workers amid falling orders

A 5,000-square-metre factory in Quang Minh Industrial Zone in Hanoi's Me Linh District was burnt down in a large fire that lasted four hours on Monday morning. A fire at a factory in Quang Minh Industrial Zone in Hanoi's Me Linh District on August 8 According to a report from local police, the fire broke out at 7 am at the Milestone Company factory that produced and stored plastic products. Smoke could be seen rising tens of metres from the factory's metal-sheet roofs. Some 100 firefighters and 15 fire engines were sent to the site who faced difficulties in accessing the fire due to the huge amount of smoke. The fire was brought under control at 10.30 am. The factory was heavily damaged as the roofs collapsed and all the products and equipment were destroyed. Luckily there was no loss of life. Police are investigating the cause of the fire. … [Read more...] about Fire burns down 5,000-square-metre factory in Hanoi industrial zone

Vietnam’s supporting sectors continue pushing forward despite the difficulties and extreme competitive pressure caused by a global pandemic and a variety of other geopolitical issues. Even during the COVID-19 pandemic, enterprises across Vietnam managed to trudge ahead, securing new orders for export and posting increases in purchase requests. Mold production for Tesla At the end of June, Nguyen Van Tri, general director of Lap Phuc Mechanical Company, took reporters to a tour of the company’s 10,000-square-meter factory in District 7, Ho Chi Minh City. According to Tri, Lap Phuc began investing heavily in machinery and production quality as part of a push to adapt to global supply chain shifts over the past two years. The company’s goal is to offer a cheaper alternative to Chinese enterprises. Lap Phuc is currently courting Tesla, General Motors, and GS Battery VietNam Co. Ltd as potential clients and is awaiting quality feedback on samples of manufacturing molds and … [Read more...] about Supporting sectors – a highlight of Vietnam’s quest toward self-reliant industry

A plan to develop a self-reliant industry put forward by Truong Hai Auto Corporation (THACO) is winning the approval of many other Vietnamese enterprises and received positive feedback for further improvement. Doan Vo Khang Duy, deputy chairman of the Ho Chi Minh City Association of Mechanical and Electrical Enterprises (HAMEE) and director of Ameco Industrial JSC, highly appreciated THACO’s initiative, which is called the ‘one-stop’ model. Substantial synergies The model, which encourages cooperation among Vietnamese enterprises to increase Vietnamese industry’s self-reliance, has proved a success in other countries, according to Duy. It brings important synergies to businesses in terms of capital, equipment, technology, and many more by using resources and joining the ecosystem that THACO has built. It helps increase the size of the business, thereby boosting revenue. Enterprises will also be able to improve the quality and stability of their products, and overcome the … [Read more...] about Vietnamese enterprises exhilarated by synergy from cooperation plan

Billion-dollar strategy While visiting THACO Chu Lai Industrial Zone at the end of March 2022, Prime Minister Pham Minh Chinh assigned THACO three essential tasks, one of them being to continue developing the mechanical industrial zone to meet foundation industries requirements. To carry out this task, Supporting Industrial and Mechanics Corporation - THACO Industries (under THACO Group) has continued to invest in expanding its scale, improving production capacity, boosting exports, and setting a target revenue of $1 billion by 2025, of which export is $500 million. THACO Industries factory in Chu Lai Industrial Zone. Photo by THACO Industries THACO Industries has identified 2022 as the hinge year for establishing the foundation for a leap forward in mechanical and supporting industry business. The company has set out a comprehensive plan, from investing in core technology, and developing diversified products to digitalizing management... aiming to reach the … [Read more...] about THACO eyes revenue target of $1 bln in 2025

Truong Hai Auto Corporation (THACO), a typical successful firm in Vietnam's automobile sector, has been investing heavily in mechanics and the manufacturing of accessories. THACO leaders shared the firm’s journey to resolve the issue: increasing the localization rate or surrendering to auto imports flooding the local market. They also shared the one-stop model to help other Vietnamese enterprises cooperate to develop, thereby improving the internal power of Vietnam’s industry. THACO chairman Tran Ba Duong said at a meeting with mechanical enterprises that “you have technology and machinery. We will build factories and lease them at low prices.” “If we fail to demonstrate our commitment, you can take your machinery away. “We will not go back on our words. Only actual acts and thoughts will create values." Refreshing itself by enhancing investment Returning to Chu Lai Industrial Park in central Quang Nam Province nearly three years after Tuoi Tre (Youth) newspaper held … [Read more...] about Vietnam’s THACO and philosophy of no surrender

Billion-dollar strategy While visiting THACO Chu Lai Industrial Zone at the end of March 2022, Prime Minister Pham Minh Chinh assigned THACO three essential tasks, one of them being to continue developing the mechanical industrial zone to meet foundation industries requirements. To carry out this task, Supporting Industrial and Mechanics Corporation - THACO Industries (under THACO Group) has continued to invest in expanding its scale, improving production capacity, boosting exports, and setting a target revenue of $1 billion by 2025, of which export is $500 million. THACO Industries factory in Chu Lai Industrial Zone. Photo by THACO Industries THACO Industries has identified 2022 as the hinge year for establishing the foundation for a leap forward in mechanical and supporting industry business. The company has set out a comprehensive plan, from investing in core technology, and developing diversified products to digitalizing management... aiming to reach the … [Read more...] about THACO Industries targets revenues of $1 bln by 2025

At least three people were missing and thousands in northern Japan were ordered to evacuate on Thursday after torrential rains pounded the area, flooding roads and causing rivers to burst their banks in some regions. More than 500 mm (19 inches) of rain had fallen in one part of Niigata prefecture in the 24 hours to 1:00 p.m. (0400 GMT), NHK public television said, prompting authorities to issue the highest possible level of disaster warnings in some areas. Bridges were cut and roads were flooded, television footage showed. Service along one portion of a Shinkansen superfast train line was suspended. A view shows a submerged residential area caused by a flood of the Mogami river, in Oe town, Yamagata prefecture, Japan August 4, 2022, in this photo taken by Kyodo. Photo: Mandatory credit Kyodo via REUTERS Roughly 500,000 people were ordered to evacuate in Niigata, Ishikawa and Yamagata prefectures, the Fire and Disaster Management Agency said, but there were no … [Read more...] about Three missing, thousands ordered to evacuate as rain pounds northern Japan

The Ministry of Industry and Trade has decided to impose trade remedies against sugar products imported from five ASEAN countries that use Thai sugarcane. — VNA/VNS Photo The Ministry of Industry and Trade has decided to apply measures to prevent evasion of trade remedies against sugar products imported from five ASEAN countries that use Thai sugar materials. It will impose an anti-dumping duty of 42.99 per cent and an anti-subsidy duty of 4.65 per cent on sugar coming from Laos, Cambodia, Indonesia, Malaysia, and Myanmar. However, the imported products will not be subject to the anti-evasion measures if proven to be made from sugarcane harvested in these countries. The tariffs will take effect seven days after the issuance date of the decision (August 2) until June 15, 2026, unless the decision is superseded by new ones from the ministry. The decision followed an investigation by the ministry’s Trade Remedies Authority which concluded that Thai sugarcane products subject … [Read more...] about Trade remedies imposed on sugar imports from five ASEAN countries

MDF production line at Thanh Thanh Dat MDF JSC's factory in Ha Tinh Province. — VNA/VNS Photo While many products exported to the UK enjoyed strong increases thanks to the UK-Viet Nam Free Trade Agreement (UKVFTA), Viet Nam’s timber industry is facing difficulties in expanding in this market, requiring manufacturers and exporters to change their business strategies. In fact, Viet Nam’s wood industry is seeing declining sales overseas. The export value in July was estimated at US$1.41 billion, down 5.5 per cent against June and 1.6 per cent year-on-year, according to a report of the General Department of Forestry under the Ministry of Agriculture and Rural Development (MARD). This was the second month that the export of wood and timber products decelerated. Earlier, figures from the General Department of Customs showed the export turnover of wood and wood products reached $1.4 billion in June, down nearly 11 per cent year-on-year. Ending July, wood and wood products were … [Read more...] about Viet Nam’s timber industry urged to seek new opportunities in the UK