10:20:58 AM | 4/6/2023
In the face of difficulties and challenges of the domestic and global economy, Hoang Giang Trading Co., Ltd. has been proactive in innovating technological equipment and investing in the design process, gradually improving the quality of products, focusing on branding along with maintaining and expanding markets.
Established in 2009, Hoang Giang Trading Co., Ltd. specializes in manufacturing and exporting mousse mattresses and wicker, rope furniture with American and European standards. The company started with a small production facility with little capital and limited space. Through many years of searching for solutions, the company has constantly grown, bringing a stable income to hundreds of local employees. Currently, the company has opened two factories in Tuy Phuoc district, Binh Dinh province: Factory 1 in Ngoc Thanh village 2, Phuoc An commune; Factory 2 in Binh An 1 village, Phuoc Thanh commune, with a total area of over 26,500 m2. The company has over 500 staff and employees.
Mr. Phan Hong Quy, Director of Hoang Giang Trading Co., Ltd., said: “Facing the challenges of the current market economy, over the years, besides inheriting and promoting the achievements of previous generations of leaders, the company has continuously improved its manufacturing process and applied new advanced technologies. The company’s product quality and diversified product lines have built trust among customers. As a result, production and business activities of the company have grown continuously. The company’s revenue has kept increasing year by year. In addition, during the operation, the company has well implemented policies on salary and bonus and taken good care of employees’ lives, thereby creating motivation for them to work enthusiastically and feel secure to devote themselves to the development of the company.”
In particular, one of the factors that contribute to Hoang Giang Trading Co., Ltd.’s success is the product design. Every year, the company’s design team brings to market many new models which keep up with the latest color trends. In addition, the company prioritizes using materials that are natural and environmentally friendly, therefore their products are becoming increasingly popular. The creativity and investment in the design process has helped Hoang Giang Trading Co., Ltd. grow continuously, while many businesses are struggling due to a lack of orders and decreased product prices. With the slogan “Comfort in every moment with our products”, the company aims to provide products with the best design and best quality. “We are committed to bringing the best service to customers,” Mr. Phan Hong Quy affirmed.
In 2023, Vietnam’s economy is forecast to face many difficulties and negative impacts from the global economic recession, such as high inflation, rising fuel prices, and slow consumption. In addition, tight monetary policies, interest rate hikes, and exchange rate escalations may negatively affect demand and production activities, decreasing the company’s revenue. In order to gradually overcome difficulties, since the beginning of the year, the company’s Board of Directors has actively offered appropriate solutions and business strategies such as cutting more costs, seeking new markets and increasing production value.
With careful preparation and methodical development strategy, Hoang Giang Trading Co., Ltd. is confident to overcome challenges and maintain stable production and business activities.
Source: Vietnam Business Forum
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