Creating Many Jobs for Local Workers

Compal (Vietnam) Co., Ltd, one of Taiwan's large FDI firms in Ba Thien Industrial Park, Vinh Phuc province, manufactures and trades computers and computer peripherals. Currently, Compal is a global manufacturer of laptops, LCD monitors and other electronic components. It is ranked in Top 500 largest companies in the world and Top 100 technology companies.

The company recruited more than 4,000 employees from January to October of 2022, mainly unskilled workers from Vinh Phuc province and neighboring provinces such as Thai Nguyen and Tuyen Quang. Besides, the company cooperated with colleges and vocational schools in Vinh Phuc province to train and recruit qualified graduates.

As a big employer (with nearly 8,000 Vietnamese employees and over 300 foreign employees), Compal (Vietnam) Co., Ltd always maintains good employee policies by actively increasing wages for employees affected by the COVID-19 pandemic, maintaining quality meals for employees (VND22,000 per meal), and ensuring food safety and hygiene.

After going through tough days of the COVID-19 pandemic, in the late second quarter and early third quarter of this year, Optrontec Vina Co., Ltd. in Ba Thien 2 Industrial Park announced to recruit more workers to speed up production and meet orders this year in confidence that the company will complete and exceed its business goals and plans.

Optrontec Vina, established in 2017, is a 100% South Korean-invested company that makes electronic components for Samsung Group, a company representative said. Seeing that quality is a determining factor of business success, over the years, the company has actively invested in modernizing machinery and equipment.

To diversify electronic components products and actively source raw materials, in 2021, the company increased investment capital and expanded its No. 3 production workshop to make led-light logos for telephones. Thus, the company's revenue increased steadily despite the pandemic. In 2021, Optrontec Vina made revenue of over VND3,300 billion and paid nearly VND10 billion to the State Budget. In the first nine months of 2022, the company obtained revenue of over VND2,000 billion and ensured stable jobs for more than 1,700 employees each of whom was paid an average salary of VND9-10 million a month.

To raise product quality, minimize defective products in manufacturing processes and gradually address labor shortage, Optrontec Vina has inspired its employees to put forth their initiatives and technical improvements and has timely rewards for employees. At the same time, the company has paid greater attention to their employees’ livelihoods, built a green, clean and beautiful working environment, and created an inspirational working atmosphere in each factory and production line.

To become an outstanding parts supplier for the electronic manufacturing industry, Optrontec Vina will focus on investing in technological innovations, modernizing machinery and equipment, and making new competitive products. Besides, it will strengthen training and improve skills for employees to undertake job requirements in many positions. Hence, this will help businesses gradually overcome labor shortages, especially skilled workers at the peak of production late this year, and increase the company's revenue year by year.

Visiting tenants in Vinh Phuc province-based industrial zones, we witnessed a very active production atmosphere, very enthusiastic working spirit and high responsibility of each worker. In 2022, hopefully, tenants will continue to make business breakthroughs and achieve high growth to elevate the investment and business environment in industrial zones in particular and the economic and social development of Vinh Phuc province in general.

By Thanh Loan, Vietnam Business Forum