FDI firms in Hoa Binh striving for dual goals

7/6/2020 - 9:43:21 AM

(HBO) - As all the socio-economic fields are severely hurt by the COVID-19 pandemic, many businesses have halted operations or narrowed down production. FDI firms in Hoa Binh province have been striving to overcome the challenges by prioritising disease prevention while applying measures to mitigate the impact of the pandemic.

They have also capitalised on chances for quick recovery and to bolster production, contributing to the provincial socio-economic development.

Sankoh Vietnam has created stable jobs for over 500 labourers in Lac Son district thanks to expanding production scale.

After six years of operation at Luong Son industrial park, Coasia CMVINA, a company invested by the Republic of Korea, is creating stable jobs for 2,300 workers with a monthly income of about 8 million VND per person.

The firm earned 200 million USD each year from exports, accounting for one-third of Hoa Binh’s export values. It specialises in producing camera for Samsung smart phones, with production materials being transported by air.

However, international flights have been frozen in the past three months due to COVID-19, causing losses of 40 percent to the company in its output compared to the same period last year.

Despite difficulties, the firm has effectively carried out dual targets of battling the pandemic and maintaining operation. At the moment, it is recruiting additional 500 workhands to expand production scale.

The firm still faces double obstacles in material shortage as well as consumption and exports. To rise over the challenge, it has taken initiative in seeking the supply of material and new technologies, ensuring environmental protection and medical services towards achieving a year-on-year growth of 20 percent.

Sankoh Vietnam, a Japan-invested firm at the industrial park on the left bank of the Da River, has generated stable jobs for 1,150 local workers. Its main products include sensors in household appliance of automobile’s air conditioners, refrigerators, air conditioners and batteries.

The firm has strived to maintain operation and social welfare activities, such as arranging pickup vehicles and childcare services for workers. It also opened a new factory in Lac Son district to expand production and create more jobs for local people./.

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