Founded in 2005 as a small enterprise with little capital, after five years of operation, so far Nam Phat Trade and Manufacturing Co, Ltd has set up a reputable network of factories and shops of many fields, from construction steel, industrial steel, marine transportation to newly construct and repair vessel in Vietnam.
With 20 years of experience in steel brand, young and energetic director Nguyen Luong Ngoc has step by step developed the company into an outstanding brand in fields of iron and steel, constructing and repairing vessel, offering the best products and services. Mr Ngoc has made great efforts to pursue his life’s passion with projects, works of focus to gradually affirm the enterprise’s standing position and mission in path of sustainable development. Director Nguyen Luong Ngoc revealed, each enterprise has reasonable desire to look forward to success but if by only working hard, it just can open the door of success. In Nam Phat, creatively working, reputation and solidarity, plus effort to orient the market and customers are factors that help Nam Phat stably develop and gradually grow.
In 2005, Nam Phat Trade and Manufacturing Company was founded with only one manufacturing factory in Ngoc Hoi Industrial Zone specializing in processing, formulating as customers’ demands and at the same time to be the company’s ware house. In 2006, the second factory in Duyen Thai Industrial Zone was founded, both processing and being company’s warehouse, which is to expand market to Western provinces and Ho Chi Minh City. Seeing brand’s development demand, the company established teams of vans, cranes to deliver and lift goods for all factories and to works for customers in 2007. Then, in 2008, the company expanded its market in hydroelectricity works and Northern highland provinces.
In 2009, the company was strengthened with the third factory in Minh Duc commune, My Hao District, Hung Yen Province. It functions both as a warehouse for goods imported from ports to be distributed to factories and customers in Northern area; as a factory processing, manufacturing, producing and formulating steel. In 2010, to expand production, the company invested to build the fourth factory in Duyen Thai Industrial Zone – Hanoi.
Industrial and construction steel is one of brands experiencing great fluctuations due to heavy impacts of the world’s economic crisis. Many enterprises had to deal with increased costs for input steel materials, which led to high costs and continuously adjusted interest rate. However, in such hard time, Nam Phat still stayed firmin the market with turnover of VND1,500 billion since comprehensively and timely implementing market analyzing methods, ensuring input materials , pushing out output quickly, minimizing costs and increasing capital turnover to avoid dead capital and high costs arisen.
The above success was result of braveness in investing factories, machines and labors of Management Board, experience in operating in steel brand as well as company’s reputation in the market. In 2009 – 2010, the company imported advanced machines from Japan, Korea and China to satisfy more and more various demands of customers. Nam Phat also targeted the customers to be factories and works.
In addition to manufacturing and exporting, the company distributes a lot of steel products of strategic partners such as Hoa Phat, Thuan Phat, Thep Viet etc. Nam Phat’s steel products have been proudly present in many works such as: project ship-building of Da Nang, Nam Trieu, Ha Long Ship-building factories, project the Urban Duong Noi (Nam Cuong Corporation), the Urban Van Phu (Hong Ha Petroleum Company) etc. The motto of “Co exist, co-develop. Co-operate, co-succeed” has made Nam Phat stay firmly with network of branches in many provinces all over the country. Not only creating jobs for hundreds of labors with stable annual income, but also Nam Phat distributes billions of VND to the National Budget. Besides, the company’s Management Board took risky decisions when joining market of marine transportation, aiming at making Nam Phat become a reputable ship firm not only in Vietnam but also in international market. At the moment, the company owns vessels with capacity from 2,000 tonnes to 10,000 tonnes, providing services of delivering various groups of customers with clinker, corrugated iron rolls, steel and iron, consume good such as fertilizers, rice, corn etc between domestic ports, in Southeast Asia and further in Europe, Africa etc.
Director Nguyen Luong Ngoc said, in the coming time, Nam Phat will focus on building brand reputation, fostering market deeply and largely. It makes great effort to deliver Nam Phat’s products far and popularly in international market.
Tran Trang
Vietnamese
