COSMOS: Technology on the Way of Integration

Established in May 2005, Cosmos Technology Ltd. Co has affirmed its status as a Vietnamese prestigious trademark in the global integration process. Cosmos specialising in producing auto and motorbike spare parts has become a reliable partner of many famous firms like Honda and Yamaha.

In the current fierce competition, businesses are facing challenges in their development, particularly in the area of precise engineering sector. However, for Cosmos, successes are inevitable for the sound developing strategy. The company has focused on investment in equipment improvement and qualified human resource training. These have helped Cosmos produce good-quality products, meeting the market’s demand.

 

In a recent interview with reports from Vietnam Business Forum magazine, Cosmos Chairman Nguyen Hong Chuyen said “Production technologies are ensured to meet strict international standards in terms of product quality and Iso standard, helping save production costs and sharpen the products’ competitiveness in the market”.

 

The company has invested some VND70 billion into building production facilities and equipment. It has paid attention to developing a contingent of qualified managers and workers. The managing board not only concentrates on building ISO standard-based managing method but also the staffs’ living condition. Therefore, Cosmos has become a group of solidarity and creativeness in business and production activities. Along with the product quality, the company’s prestige in goods delivery is also an import factor to make successes for it. Key partners namely Honda and Yamaha are very satisfied with the cooperation with Cosmos. 

Strategic vision and creativeness also plays an essential role for Cosmos to secure its firm position and maintain the sustainable development. These will be foundation for Cosmos’s development in the coming time.

These achievements are attributed to the company’s continuous efforts to make good-quality products. Cosmos are highly appreciated for its prestigious goods delivery time and after-sales services. Thanks to customers’ confidence, the company’s revenues increase every year. As of late 2008, despite the global economic downturn, Vietnamese businesses faced lots of difficulties, but Cosmos still maintained its growth rate of 200 per cent/year. In 2008, it had 200 workers and made revenues of VND32 billion, much higher compared to VND18 billion of 2007.

 

This year, the company expects to gain revenues of VND80 billion. Talking about the company’s orientations, Chuyen said: “Cosmos aims to produce several products for export next year and will join hands with foreign partners to expand its operations. Currently, some foreign firms are eying the cooperation with Cosmos”. Besides, the government’s stimulus package has positively impacted the company’s operations in both direct and indirect ways. Companies will be offered subsidized loans. In addition, the package will boost consumption demand; therefore, the strategic partners Honda and Yamaha will be able to sell more products.

 

Cosmos always considers product quality as a key factor for its development and the strength to affirm its position. Thus, it selects input materials and design products strictly. Now, Cosmos products are praised for both design and quality.