Private sector development in Dong Nai

Foreign customers visit Binh Tien Consumer Goods Production Co.

The local economy recorded a high growth with increasing investment and expansion of production made by private enterprises. Large amount of investment contributed by Giang Nguyet Export Wood Enterprise with its capitals of VND 10 billion, Trung Cao Mechanical Engineering Enterprise of VND 600 million and Hoan My Clothing Button Enterprise of VND 300 million etc. Besides, the large private firms including Binh Tien Consumer Goods Production Co (BITI’S) and Hao Export Cashew Nut Processing Enterprise, Dong Tam Ceramics and Pottery Company and other companies   invested hundreds of million or billions of Vietnam dong in upgrading their equipment and applying advanced technology to their production. This helped increasing competitiveness of the private sectors in the domestic and world markets as well as creating more jobs for workforce.

Accordingly, expansion of private sectors in Dong Nai benefits the local economy. Up to now, many private enterprises can gain control and seize opportunities in the domestic and world markets with their products. Especially, BITI’S had annual turnover of VND 200-300 billion with its output of 4-5 millions footwear products per year. BITI’S products are not only supplied to the domestic market but also exported to Laos , China and the US . In addition, Truong Hai automobile manufacturer located in Bien Hoa 2 Industrial zone was founded 6 years ago. To date, with its nationwide sales agencies, representatives and branches, annual average revenue of Truong Hai hit 400 – 500 billion VND. Furthermore, Thanh Binh enterprise is one of the large private enterprises in Bien Hoa city that specialize in producing cattle-feed and raising chickens and pigs. Although having difficulties as caused by the H5N1 avian influenza outbreak, Thanh Binh enterprise continues to grow and increase an investment for expanding production. Remarkably, the enterprise contracted with Pjico Insurance Company for long-term care its products. Accordingly, the enterprise’s customers can receive a considerable amount of money from Pjico in case of outbreak of H5N1 avian infection in their poultry flocks.

Dong Tam Ceramics and Pottery Company invested billions of Vietnam dong for installing new pottery-kiln

In the current situation, the problems for local private sectors in acting in market economy with high prices of petrol, electricity, water and raw materials as well as unstable consumption, some of private sectors decreased production significantly such as hand-made pottery, garment, chemical and so on.

Le Huong Thom