Manufacturing enterprises across Da Nang are taking action right from the start of the new lunar year to bolster industrial production with many expectations of prosperity.

Production activities at the Universal Alloy Corporation Vietnam Co., Ltd. located at the Da Nang Hi-Tech Park, Hoa Lien Commune, Hoa Vang District. Photo: M.Q

Textile enterprises develop new customers

Returning to work with a relatively full workforce (over 80% of employees), the busy working atmosphere has been recorded at the March 29 Textile and Garment JSC in an effort to meet clients’ orders.

Mrs. Pham Thi Xuan Nguyet, General Director of the March 29 Textile and Garment JSC, said that in 2023, the company's industrial production value reach VND1,125 billion, equal to 101% over the same period. Its export turnover generated US$66.3 million, equal to 89% over the same period.

In 2024, it is expected that the textile market will continue to face many difficulties due to the negative effects of the world economic situation that has not yet recovered.

Through positive solutions, the company has strengthened trust with traditional customers who are committed to continuing to cooperate with the company.

Also, the company has developed a number of new customers and markets, thereby ensuring enough production orders until June 2024.

Last year, the Hoa Tho Textile and Garment Joint Stock Corporation earned VND4,700 billion in net revenue from sales and services, equal to 90.7% compared to the same period in 2022.

The company’s own profit after tax stood at nearly VND172 billion, equal to 61.6% over the same period.

A representative of the Hoa Tho Textile and Garment Joint Stock Corporation said that in 2023, the textile industry encountered many difficulties. To date, overall market demand is still low and the situation is forecast to last until the second quarter of 2024.

Currently, the corporation is focusing on completing ongoing projects such as the 3^rd phase of the Trieu Phong Garment Factory in Quang Tri Province, the upgrade of the Quang Ngai Garment Factory, the in-depth innovation of machinery and equipment technology, and the implementation of digital transformation, in a bid to improve production efficiency.

In addition, the company is still recruiting about 50 garment workers for the Hoa Tho Garment Factory 1 to meet the export market.

Workers of the Heineken Vietnam Brewery Co., Ltd. - Da Nang have returned to work since the 5th day of Tet. Photo: HOANG HIEP

Enterprises in Da Nang Hi-tech Park expand production

More than 5 years of operation in the Da Nang Hi-Tech Park in Hoa Lien Commune, Hoa Vang District, the ICT Vina Co., Ltd. which belongs to the South Korean Dentium Group has initial investment of US$20 million.

 It specialides in producing, conducting research and developing high-tech products to serve specific medical needs in the dental field such as CT scanners, CAD/CAM scanners, CAD/CAM lathes, dental grinder motors, dental implants (artificial) and dental chairs (with or without dental equipment).

To date, the Dentium Group's total investment capital expected for the 3 production phases of ICT Vina Co., Ltd. is US$400 million.

Mr. Shim Woo Hyeong, Deputy Director of the ICT Vina Company Limited, informed that the company's revenue in 2023 was US$10 million, greatly improved compared to the period 2020-2021 due to the impact of COVID-19.

The company's revenue target in 2024 is US$18 million USD. To achieve the abovementioned goal, the company has completed production investment in phase 1 and is implementing phase 2 with a cost of about US$277 million.

It is expected that in the third quarter of 2024, the factory will officially operate phase 2 with the goal of producing "Made-in-Viet Nam" medical products for export.

​Also operating in the city’s High-Tech Park for 5 years, the Universal Alloy Corporation (UAC) Vietnam Co., Ltd. has now reached a staff size of more than 900 people and is still recruiting for many positions to be ready for phase 2 of the Sunshine aerospace components factory project.

Mr. Ciprian Bota, the Director of Operations of the UAC Vietnam Company, said that the company always aimed for a high-quality, efficient workforce with good foreign language skills to integrate into the global aviation supply chain.

It can be said that human resources in Central Viet Nam in general and Da Nang in particular have recently met very well the requirements set by the parent company Montana Aerospace based in the USA.

In 2024, the company continues to coordinate with training facilities in the city to support students with skills as well as create an environment to practice and improve skills for newly graduated engineers.

Mr. Vu Quang Hung, Head of the Management Board of Hi-Tech Park and Industrial Parks in Da Nang, informed that in 2024 and 2025 the city will welcome a number of potential investors.

In addition to the Foxlink Da Nang Electronics Co., Ltd. which is likely to invest in phase 2 and the following phases, a number of semiconductor enterprises from Taiwan (China) and Japan plan to build factories on a 50ha area of the High-Tech Park.

Therefore, the unit is asking for a policy to locally adjust the High-Tech Park to reserve land for production. In 2024, the Management Board of Da Nang High-Tech Park and Industrial Parks and related units strive to attract at least 3 investment projects into the Da Nang High-Tech Park with a total investment capital of about US$200 million. The majority of the projects focus on three main spearheads: aerospace technology, semiconductor and high-quality medical industry.

Reporting by M.QUE - Translating by M.DUNG, P.TRA