Monday, December 23, 2024 5:40:31 AM - Markets closed
VN-INDEX 1,257.50 +2.83/+0.23%
HNX-INDEX 227.07 -0.47/-0.21%
UPCOM-INDEX 93.39 +0.66/+0.72%
Ceramic producers seek to sustain exports
vietnamplus.vn - 1/28/2019 11:02:21 AM
 (0 ratings. You must sign in to rate.)
The fierce competition in both the domestic and export markets is forcing ceramic producers to improve their production process and product quality.
 
Vietnam has 14 traditional pottery villages like Bat Trang, Phu Lang, Dong Trieu, Thanh Ha, Phuoc Tich, Bau Chuc, Bien Hoa, Tan Phuoc Khanh, Chanh Nghia and Lai Thieu.
 
According to the Binh Duong Ceramics Association, the province has nearly 300 ceramic production facilities supplying 130-150 million pieces of products of all kinds to the market each year.
 
Binh Duong is one of the provinces with a developed ceramic industry, and it earns some 150 million USD from exports and 70 million USD from domestic sales annually.
 
Ceramic are among the province’s main export products with high value addition.
 
Many producers there are investing in new technologies to improve productivity and quality and reduce costs to improve their competitiveness.
 
Vuong Sieu Tin, Director of the Phuoc Du Long Company, told online news site baohaiquan.vn that Vietnam’s ceramic products face severe competition both at home and in export markets from those from China and Thailand.
 
This requires producers to diversify their products, invest in technology to ensure quality and cut back costs, he said.
 
Ly Huy Cuong, Deputy Director of the Cuong Phat Co., Ltd, said exports account for 80 percent of his company’s sales.
 
Diversifying products by mixing traditional Vietnamese or Asian features with western ones is the basic trend in many countries, he said.
 
Besides investing in factories and equipment, his company has also adopted advanced quality management systems to ensure the entire operation is always controlled and constantly improved, he said.
 
It has adopted the Japanese Kaizen quality control programme, he said.
 
It has collaborated with customers to set up a set of quality and social-environmental policies based on international standards to become an environmentally-friendly and sustainable producer, he said.
 
Exports were up 20 percent last year to 10 million USD, he revealed.
 
The company has signed export contracts with partners in 50 countries and territories around the world, including fastidious markets such as the US and EU, he said.
 
For this year it has export orders that would last until nearly the end of the year, he said.
 
Many other famous ceramic firms in the province such as Phuoc Du Long and Minh Long I have orders until the middle of the year after export demand increased by 15-20 percent and local demand by 20-30 percent. — VNS/VNA
 
Read original article here
 
Newer News
20/12 LPB: Notice of the record date for the 2023 stock dividend payment
20/12 SHI: Relocation of Thai Binh branch
20/12 LPB: BOD resolution dated December 18, 2024
20/12 LPB: Notice of stock issuance for the dividend payment
20/12 DHM: BOD resolution dated December 17, 2024
20/12 DXV: Signing agreements with VICEM Ha Tien Cement JSC
20/12 CTG: Notice of public offering of bonds
20/12 BVH: Approving the transaction with related parties in 2024
20/12 BHN: Approving the transaction with related party
20/12 VPB: BOD resolution dated December 16, 2024 & December 17, 2024
Older News
28/01 E1VFVN30: Announcement of the change of listing
28/01 E1VFVN30: Record date for FY 2018 AGM
28/01 FUESSV50: Tracking error from 18 Jan 2019 to 24 Jan 2019
28/01 FUESSV50: NAV week from 18 Jan 2019 to 24 Jan 2019
28/01 FUESSV50: NAV 24 Jan 2019
28/01 FUESSV50: Basket of component securities 25 Jan 2019
28/01 FUESSV50: Announcement after exchange trading 24 Jan 2019
28/01 FUESSV50: Record date for FY 2018 AGM
28/01 E1VFVN30: Tracking error from 18 Jan 2019 to 24 Jan 2019
28/01 E1VFVN30: NAV week from 18 Jan 2019 to 24 Jan 2019
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,257.50 +2.83/+0.23%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.