Consistent vision and strategy
1369 Construction Joint Stock Company (Hai Duong City) is a familiar name in the list of 500 fastest growing enterprises in Vietnam (FAST500). This is the 5th consecutive year (2020-2024) that this enterprise has been honored in the FAST500 group.
From 2019 to now, after more than 5 years of restructuring, the ecosystem of 1369 has gradually formed with 4 subsidiaries, 2 affiliated companies and a network of branches and transaction offices in many provinces and cities across the country such as Hanoi, Quang Binh, Son La... with more than 400 officers and employees. The company operates in many fields such as construction, trade, import and export, residential real estate and industrial real estate.
From 100 billion VND in charter capital in 2016, by the end of 2023, the charter capital of this enterprise has increased 6 times. In the period of 2020-2023, the development indicators of the construction, real estate and trade sectors of the enterprise have always grown, especially net revenue increased nearly 4 times, contributing to helping the enterprise achieve a high compound growth rate, one of the important criteria in determining the fastest growing enterprise in Vietnam.
“Consistent vision and business strategy are the core values that we steadfastly pursue. We maintain a balanced growth structure for each industry, adapting to common challenges from the market to maintain continuity in production and business,” said Mr. Le Minh Tan, Chairman of the Board of Directors of Construction Joint Stock Company 1369.
This is also the business goal of RedstarCera Joint Stock Company (Chi Linh). This enterprise has also been honored with FAST500 for 3 consecutive years. The Production Engineering Department of this enterprise has researched and successfully tested the solution of utilizing waste from the grinding and finishing stages as input materials. This is one of many initiatives to help improve the enterprise's labor productivity. In addition, the company has converted from semi-automatic to automatic in the packaging stage to reduce labor.
The third “tripod” in RedstarCera Joint Stock Company’s growth strategy is technology application. In 2022, the company’s board of directors invested more than 2 billion VND in comprehensive management software application. From controlling input materials, production planning to sales planning, progress, control, warehouse management, inventory... all are carried out according to a strict and smart process.
At the end of the first quarter of 2024, RedstarCera Joint Stock Company recorded a revenue growth of nearly 15% compared to the same period in 2023. The company has supplied the market with 1.7 million m2 of various ceramic tile products, of which more than 7% of total products are exported, mainly to the Taiwan market (China). "One of our important goals this year is to expand the export market to the US, South Korea and some countries in the ASEAN bloc, striving to increase the export proportion to 10%", said Mr. Dang Van Viet, General Director of the enterprise.
Asserting position
“Being honored in the FAST500 list means a lot to us. This is both an honor and a motivation for the company to continue to strive and make efforts in all activities, contributing to affirming the position of Hai Duong in particular and Vietnam in general on the global logistics map”, shared a representative of An Tin Logistics Joint Stock Company, a member of the ecosystem of An Phat Holdings Group.
Revenue and good compound growth rate have helped this enterprise enter the list of 500 fastest growing enterprises in Vietnam in 2024 for the first time. This is also the enterprise with the highest ranking among 6 enterprises of the province in this list.
Thoroughly applying digital transformation, building high-quality human resources, and expanding the market are three fundamental tasks for the sustainable growth of An Tin Logistics throughout the process of formation and development over the past 17 years. In particular, in the context of increasingly deep international integration, along with Vietnam's participation in a series of free trade agreements (FTAs), the logistics industry has strongly developed. To take advantage of this, in addition to major partners in the world such as Maersk, Cosco Shipping, Evergreen, MSC, CMA, ONE, the enterprise has been actively searching for new partners and markets.
With a system of agents in more than 100 countries around the world, concentrated in some major markets such as the US, China, Japan, Korea, India, the Middle East and some European countries, An Tin Logistics is aiming to be present anywhere there is an import-export market.
“In the coming time, to maintain our position and ranking in FAST500, we will continue to strongly apply technology in optimizing operational processes and enhancing the ability to provide high-quality services. Digital technology is the vital goal we set to be able to cut logistics service costs, reduce product prices, and enhance competitiveness in the current volatile logistics context. The enterprise is gradually realizing its vision of becoming the leading prestigious provider of comprehensive logistics solutions in Vietnam,” the representative of this enterprise shared.
In addition to the three enterprises mentioned above, the remaining three enterprises of Hai Duong that made it to the FAST500 list in 2024 are An Phat Holdings Group Joint Stock Company, ranked 223/500, other financial services industry; An Phat Green Plastic Joint Stock Company, ranked 271/500, manufacturing and trading plastic and plastic products industry. The last Hai Duong enterprise to make it to the list is Daeho Steel Vietnam Co., Ltd., ranked 422/500, manufacturing and processing metal, iron, steel, and metals industry.
Regardless of the field or industry in which they operate, it can be affirmed that the development and growth of the Hai Duong business community, especially the FAST500 businesses, will contribute to promoting the economic growth of the province. The common goal of FAST500 businesses or any other business is to grow rapidly and sustainably. To develop like that requires the combination of many factors, from the internal strength of the business to the business investment environment.
HA KIEN - THANH LONGSource
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