Like other midland companies, Thai Nguyen Construction Investment and Consulting Company (TCICO) often faces up with numerous difficulties in capital and human resources. Besides, the company has to compete with small local consulting companies and deal with market volatility. Mr Do Quang, Director of the Company, said the hardest difficulty is to heighten the reputation of the company to seek partners and create sustainable development. With its sound direction, persistent human resources solutions and advanced technology, TCICO has overcome all difficulties to affirm the position of leading construction consultant in the province and in the region.
Human resources and technological solutions
As most experienced and reputed construction consultant in the province, the company has made timely decisions to operate more efficiently in the past years.
The first to be mentioned is the effort to in investing human resources training to raise professional skills and qualifications of its managerial staffs and employees. The company is powered by young, enthusiastic architects, engineers and economists of high qualifications, profound experience, and deep creativity. Management apparatuses are arranged and streamlined to suit new mechanism.
The next is the company's effort in investing in hi-tech equipment to serve business activities. The company often consolidates its facilities and maintain its machines and equipment. It regularly reviews the machine and equipment systems, evaluate their quality, and purchase new modern ones.
Well-planned investments have helped the company overcome the difficult period and maintain positive growth. In 2009, the company achieved industrial production value of over VND46 billion, equal to 231.6 % of its full-year plan and up 2.3 times from a year earlier. Revenues reached nearly VND25 billion, equal to 130.8 % of the yearly plan and up over 34 % from 2008. Its tax payments to the State approximated VND2 billion;
The company has won many noble titles and awards like Brand and Trademark Gold Cup, Integrating and Developing Company Gold Cup, Vietnam Trademark Gold Cup and Thai Nguyen Typical Enterprise Award in 2009.
Initiatively overcoming difficulties
One key solution is to improve the quality of products and services to ensure supply of good quality products on schedule. The company focuses on keeping good relationships with customers and traditional investors while actively expanding to other provinces to search for new customers. It also concentrates on national key programmes like student accommodation programme or poverty reduction programme 135.
To improve its business performance, the company continued to enhance its corporate governance. It focuses on key issues like working hours, wages and bonuses, and ensures stable employment and incomes for employees. It establishes balanced interests of the company and employees and strictly applies ISO 9001:2000 standards to its products.
Mr Do Quang said the company will continue improving its working manners to boost productivity, enhances the quality of human resources, renovates technologies, invests in advanced technologies to win the customer trust and complete its working missions.
Trong Dat