Binh Thuan Forestry One Member Co., Ltd. has taken proactive and creative steps, not only establishing its position in the market but also making important contributions to the local socio-economic development, especially in the cause of planting and protecting forests. That achievement did not come from luck but from the crystallization of both hands and brains.
Overcoming difficulties
Binh Thuan Forestry One Member Co., Ltd. is a 100% state-owned enterprise assigned by the Provincial People's Committee to manage, protect, plant forests, and industrial trees, ensuring harmonious benefits and sustainable development in all three areas: Economy, Society and Environment. In 2015, Binh Thuan Forestry One Member Co., Ltd. was re-established, on the basis of merging two enterprises: Ham Tan Forestry One Member Co., Ltd. and Binh Thuan Forestry One Member Co., Ltd. The journey of 8 years has had many ups and downs, but with the acumen of the collective leadership, the sharing of departments, branches, and sectors, and the encouragement to remove mechanisms from the Provincial People's Committee, the company has overcome difficulties and grown steadily.
Accordingly, one of the effective directions that the company has implemented is to gradually shift from planting forests for production and business to developing large timber forests to link with processing and export. Because in previous years, due to many shortcomings in the planning of planting raw materials and a lack of development orientation, planted forests were mainly cut and sold raw, with low efficiency. The company has boldly proposed breakthroughs based on the development of some strong industries such as wood processing and planting forests for timber. Thereby, the company has planned a strategy for planting raw materials to serve the needs of use and direct processing to improve the efficiency of production from planted forests. This acumen has changed the operational situation of the unit. Up to now, Binh Thuan Forestry One Member Co., Ltd. is the only unit in Binh Thuan province that plants forests for business and currently holds a huge advantage of managing nearly 18,000 hectares of forest land. Of which, the current planted forest area is 10,000 hectares, of which acacia forest is 5,000 hectares, eucalyptus forest is 3,000 hectares, rubber forest is 2,000 hectares. The natural forest area is nearly 4,000 hectares. These are important premises for the company to stabilize and develop. From there, the company provides society with many forest products of origin and FSC certification, diverse in design, with prestige in quality, reasonable in price.
With the production of wooden furniture and interior decoration, the company has also restructured the wood processing system as well as professional management style along with reasonable technical improvements to reduce raw material consumption, taking advantage of available domestic raw materials. The company's products are both close to pure Vietnamese life and modern. Currently, the company has nearly 100 types of wooden products such as: high-class tables, chairs, cabinets, beds, salons, sofas, daybeds... Products displayed indoors and outdoors are diverse. The designs are novel, luxurious and beautiful. The number of production contracts signed with customers inside and outside the province is increasing, especially large orders with tourist areas and resorts in Ham Tien, Mui Ne (Phan Thiet).
In 2023, the company will continue to seek solutions to attract more external investment capital, joint ventures, associations, and investment cooperation in the field of wood processing investment and high-tech forestry varieties to improve competitiveness; protect natural forests, planted forests, prevent encroachment on State land assigned to the company for management; promote business and service activities to increase revenue... Currently, the company's average annual revenue is about 60 - 70 billion VND.
Continue to promote development
Forest development activities are considered the company's mission, goal, and development motivation both in the present and the long term. However, the company is currently facing many difficulties. This is due to weather and climate fluctuations, along with poor soil nutrition, which has directly affected the quality of planted forests and the business cycle. In addition, in 2023, the price of planted wood materials fluctuated continuously and decreased by 20-25% compared to the market price at the end of 2022, making it difficult for the company to consume planted forest products. In addition, the retail market for the company's wooden products has declined sharply due to fierce competition between cheap products and lower purchasing power compared to previous years due to the economic recovery after the Covid-19 pandemic. At the same time, the pressure of land encroachment is also increasingly complicated.
However, with the orientation that the company will become a large Forestry Company in the region with the goal of exploiting forestry land resources associated with the value chain from nursery - afforestation - processing - services to improve the efficiency of production and business activities. The company has planned to find market and marketing solutions to increase revenue, focusing on wooden products and company-planted forest products. Deploy a plan to consume planted forest lots at the right time to achieve the highest revenue. Complete internal regulations to avoid risks in production and business, financial transparency. In particular, research and apply scientific, technical and technological advances in new plant varieties and silvicultural measures to improve productivity and quality of crops, and management and protection to increase economic efficiency per unit and area.
Regarding the policy for employees, the company's leaders believe that: Employees are the most valuable asset and determine the success or failure of the business. Therefore, the company always has a policy of special attention for the company's officers and employees such as: Periodic health check-ups, training, professional development for employees by sending employees to short-term and long-term training courses. Currently, the average income: 13,070 million VND/person/month.
Looking back on the past, in addition to carrying out the task of afforestation and economic benefits, Binh Thuan Forestry One Member Co., Ltd. also brings great benefits to the environment and society such as: improving the ecological environment, greening bare hills, regulating the climate, storing and regulating water sources of rivers and streams, preventing erosion... contributing to environmental regeneration. In addition, the company also creates jobs for thousands of seasonal workers in the locality; carries out many social works, contributes hundreds of millions of VND to charity activities, and repays gratitude in the company's operating areas.
T. NHANH
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