CADI-SUN has taken steps in the implementation of its 2012 plan in the context of the continuous spreading of the global financial crisis and economic decline, with the negative impacts of the more dangerous return of the new decline spiral on the prospects of Vietnam’s economic development in particular and businesses in general. However, with all its staff and employees’ efforts, the Company has still attained the remarkable highlights.
In spite of difficulties in production caused by the reduced output in the first seven months, and the fact that there are the occurrences of job shortage for labors, its revenue from production has still been ensured, specifically, increases in Dai Duong Factory and Bac Duong Factory, 3% and 4%, respectively, compared to those of 2011. Without achieving the growth rate as compared to 2011, Hoang Duong and Hong Duong Projects have still maintained their stability.
Business activities have encountered many difficulties, such as slow growth of the market as a result of the reduced public investment, increasingly fierce domestic competition, daily fluctuations of material price, which significantly affect businesses’ revenue and profit. However, the Company’s revenue in 2012 has still reached 99% year-on-year and equivalent profit compared to 2011, with reasonable policies and efforts from the whole staff and employees. Many units and individuals from the business group with the area-based revenue of over 90% compared to the criteria:
the area undertaken by Trinh Quang Anh and Vu Lai Tung, 96%; Phung Hung Shop managed by Tran Van Thuyet, 95%; Hai Phong branch, 92%; Nguyen Dinh Thang, 91%; Nguyen Thanh Ha, 90%. Especially, in the fourth quarter of 2012, Thanh Hoa and Tay Nguyen branches’ efforts are deserved to be acknowledged, with their strongly increased revenue during the months at the end of the year. Some units have gained profit from business activities, such as
the area undertaken by Trinh Quang Anh, Da Nang branch, Ho Chi Minh branch, project development office…Despite the effects from economic recession, the implementation of the projects has still maintained and developed. The offices of Thanh Hoa and Da Nang branches are invested and newly built. Hong Duong Project
(manufacturing of plastics), Hoang Duong Project
(manufacturing of magneto-electric wires) and Dong Duong Project (
manufacturing of aluminum) are separated into the independently accounted units with the aim of improving the pro-activity and creating breakthroughs in production. The Project of Luong Dien Industrial Complex has basically been completed, with the on-going establishment of land offering and leasing policies in 2013.
In terms of human resources, although there are many variations caused by pressures from payroll amounts and occurrences of job shortage, the Company’s apparatus has been kept in a stable condition, with 422 labors and their average income of over five million dong. Thanks to administrative activities, costs and expenses are strictly controlled for the purpose of minimizing the unnecessary ones. Some costs and expenses are significantly cut down as compared to those of 2011:
business travel expense, 86%; administrative and office costs, 60%; cost for equipment repair, 46%; equipment procurement, 31%; foreign relations, 10%... According to the economic experts, when entering 2013, in the context of no signal of the world’s economic recovery, Vietnam’s economy will also continuously experience large effects. However, there are still many new opportunities for businesses if they know how to stand on their own feet