From now to the end of 2022, it is forecast that Vietnam's economy will continue to recover in all industries and fields. CADI-SUN also expects that the electric cable market will be more prosperous. That is the main content at the Conference to review production and business activities in the first 6 months of the year and the direction of tasks for the last 6 months of CADI-SUN Company, taking place on July 30.
The first half of 2022 has passed in the context of the increasingly escalating conflict between Russia and Ukraine, supply disruptions increasing prices of goods and materials. In the country, although production and business activities are step by step recovering, many construction projects are still on pause, and the demand forelectric cables has decreased. As for CADI-SUN, in the first 3 months of the year, Covid-19 pandemic also penetrated deeply into businesses, forcing employees to cut off work or work online, some others had to arrange to perform "three-on-the-spot" working regime, and so on.
Difficulties followed by difficulties, but with the drastic direction of the Board of Directors/Board of Management Members and the efforts made by all employees to overcome such, CADI-SUN still obtained some encouraging results. Production activities of all 3 factories were maintained in a stable form. Revenue increased compared to that of the same period in 2021. Luong Dien Industrial Cluster continued to be profitable and became a model of industrial clusters in Hai Duong province. Working status, salary and bonus regime and social benefits for employees have been ensured.
It is forecasted that in the coming time, the conflict between Russia and Ukraine will still develop complicatedly, causing the world and domestic gasoline prices to escalate, causing increasing production costs, supply disruption, high inflation, weak international demand, etc. However, international financial institutions are very optimistic about Vietnam's economy, promising good development prospects in the remaining months of 2022.
With the leading position in the industry, CADI-SUN is ready to provide the market with products with the best quality and most reasonable price, and is a reliable address for domestic and foreign partners and investors.