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With the facilitation of Tho Xuan district authorities in terms of land and other legal procedures, JINYI JEWELRY VIETNAM CO., LTD. is located in Tay Ho commune with an area of 23,000 m2 and a capital of 100 billion VND from Chinese investors. In operation since June 2022, Jin - y Vietnam is creating regular jobs for more than 400 local workers, specializing in the production of jewelry and accessories with diverse products such as necklaces, bracelets, earrings or fashion accessories... Currently, 100% of the company's products are being exported to the US and China. It is worth mentioning that since investing in production here, the company has always received the attention and support of the authorities from Tho Xuan district to Tay Ho commune to help the company stabilize sustainable production.
Mr. Zhou Xun Tao, Production Director of JINYI JEWELRY VIETNAM CO., LTD
Mr. Zhou Xun Tao, Production Director of JINYI JEWELRY VIETNAM CO., LTD said: " When the factory started construction and operation, everything went very smoothly because the local government created the best possible conditions, and our company imported raw materials that our company had."
In recent times, in order to create favorable conditions for enterprises to develop production and business, Tho Xuan district has reviewed and identified key projects for investment, prioritizing projects serving production and business, creating many jobs, improving income for many workers. Encourage attracting investment capital from inside and outside the province, foreign enterprises; proactively connecting with sectors and levels to get funding for approved projects, unfinished works to strengthen infrastructure, attract domestic and foreign projects to invest in the district. A typical example is Speed Motion Vietnam Co., Ltd. located in Xuan Minh commune, Tho Xuan district. Currently, the company has 27 production lines with nearly 900 workers specializing in producing knitwear for export. With the number of orders extending until the end of 2024, to meet the orders of partners, the company will expand production by 7 more production lines and will recruit 200-300 more workers. With the support and facilitation of local authorities, the company's labor recruitment and production plan will certainly meet the set plan.
Ms. Lily, Production Director of Speed Motion Vietnam Co., Ltd., Thanh Hoa province added: " Currently, the factory has several hundred orders each month, the number of these orders is more than 20% more than last year, so we are recruiting more workers, have policies to attract new workers and have more subsidies for workers working here. In the first 5 months of 2024, we have produced more than 4 million products, an increase of more than 30% over the same period. This year, we aim to export from 9 to 10 million products."
There are currently 653 enterprises operating in Tho Xuan district. In recent times, in addition to attracting enterprises to invest in the industrial and handicraft sectors, based on the potential and strengths of the region, Tho Xuan district has also accumulated land to attract investment in high-tech agriculture, guiding and supporting enterprises to participate in value chain linkages from supply to production, preservation and consumption of products. Thereby, improving product quality and creating competitiveness for agricultural products to develop in domestic and foreign markets.
Mr. Do Van Tung, Director, Dien Trach CNC Company, Tho Xuan District, Thanh Hoa Province
Mr. Do Van Tung, Director, CNC Dien Trach Company, Tho Xuan District, Thanh Hoa Province shared: " In addition to stabilizing product quality for people, our company maintains products continuously on the market, meeting market demand".
In 2024, Thanh Hoa province assigned Tho Xuan district the target of establishing 150 new enterprises. To complete the assigned target, from the beginning of the year, the District People's Committee assigned the target of enterprise development to communes, towns, and political organizations with the view that enterprise development is not only about quantity but must be associated with improving the quality of enterprise operations. Tho Xuan is the first district in the province to support administrative procedures for newly established enterprises in the district so that enterprises do not have to spend time traveling far. Thanks to that, in the first 5 months of 2024, Tho Xuan district had 77 newly established enterprises - achieving the set plan.
Mr. Le Dinh Hao, Deputy Head of Economic and Social Affairs Department, People's Committee of Tho Xuan district, Thanh Hoa province
Mr. Le Dinh Hao, Deputy Head of the Economic and Social Affairs Department, Tho Xuan District People's Committee, Thanh Hoa Province said: "The district has implemented many measures, including regularly grasping the difficulties of enterprises to promptly resolve them, along with focusing on administrative reform, supporting enterprises to quickly resolve procedures related to the district's authority, with the goal of establishing 800 new enterprises in the 2021-2025 period".
In 2024, along with the mechanisms and policies of the Government and the province, Tho Xuan district will continue to implement many support programs to encourage the spirit of entrepreneurship and conversion to business models in business households. At the same time, attract more businesses to invest, in order to gradually realize the goal of turning this place into the center of the western economic region of Thanh Hoa province.
Source: Business and Entrepreneurs column on June 5, 2024
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