10:50:23 AM | 3/3/2025
The plastics industry in Binh Duong province possesses huge potential for development, empowered by strategic location, rapid industrialization and increasing demand from many industries. Aspiring to become a leading provider of safe plastic products in the province and the region, the leadership of Kim Vu Minh Co., Ltd is striving to operate and bring its brand closer to the market and customers. Our reporter has an interview with Ms. Tran Thi Cam Tien, Director of the Company.
Kim Vu Minh Co., Ltd develops business strategies and establishes effective communication channels to showcase its products to potential customers
Kim Vu Minh has a special starting point, with an extremely impressive story and vision. Could you please tell us more about this? After nearly four years of its development, what lessons have you learned?
I came from the banking industry and worked many years in the financial sector, and I came to the plastics industry as a "destiny". At first, I thought, why don't I make batteries - an essential product that everyone and every household needs. That can be considered a startup story and hopefully will provide motivation for young people. Be bold to challenge and take risks, you will definitely succeed.
On November 23, 2021, Kim Vu Minh was established but we are proud to have gone through many memorable milestones. Currently, the company is manufacturing mainly battery shells and household plastic products, distributing plastic beads and providing car rental services. 2023 marked a milestone of innovation and acceleration as Kim Vu Minh built business strategies and communication channels to introduce its products to potential customers. We always uphold and determine to fulfill our mission of providing customers with good quality products, competitive prices, quick delivery and many benefits.
The clearest evidence of the company's success is the steady revenue growth over the years. It reached more than VND26.25 billion in 2022, nearly VND66.4 billion in 2023 and more than VND84 billion in the first 11 months of 2024. The production output increased dramatically in three years, with nearly 3 million products in 2022, nearly 5.9 million products in 2023 and more than 16.2 million products in 2024 (an increase of more than 5.3 times from 2022). After nearly four years, we have four factories linked together to form a complete unified production system. Kim Vu Minh is planning to produce electric motorbike batteries for export to the US market and other countries in the future.
Why are Kim Vu Minh's products always trusted and chosen by customers?
Kim Vu Minh always strives to apply the "3 BEST" principles to bring the best values to customers: (1) The most diverse designs, from battery cases to household appliances; (2) The latest technology, when we prioritize applying cutting-edge technologies and the most advanced production lines to minimize waste and toxic gases in production; and (3) The best support from dynamic and experienced technicians.
In the rapidly growing plastics industry, Kim Vu Minh not only affirms its position in the domestic market but also expands high-quality exports to many countries.
The company was named “Top 20 outstanding business in Vietnam” in 2023. I myself am very grateful to have won the “Top 10 Outstanding Young Entrepreneurs 2024” Award. This is a worthy recognition for the great efforts of all the staff and a solid foundation for Kim Vu Minh to keep developing and contributing positively to the country's economic development.
Kim Vu Minh Co., Ltd specializes in manufacturing battery shells and household plastic products, distributing plastic beads, and providing car rental services
Not only meeting quality standards, Kim Vu Minh's products also always have the highest safety for consumers' health. Could you elaborate on this?
Economic crisis is a challenge for Kim Vu Minh, but it also brings many valuable lessons and opportunities. From difficulties, we learned how to have quick adaptation, optimize resources and manage costs more effectively while promoting internal solidarity and making our employees more united. Therefore, we gradually become more responsive to the market, from which we can make strategic adjustments, especially to exports, and aim for environmentally friendly products that are safe for consumers' health.
To make Kim Vu Minh a large and prestigious brand, we always ensure product quality, our core value. Everything from production to inspection is strictly implemented to bring the best products to customers. At the same time, the company also encourages technicians to be creative to come up with new ideas to improve product quality.
Besides, the company always listens and meets specific needs so as to provide optimal solutions for partners.
What advantages does Kim Vu Minh have to steadily move forward in the new challenging period and advance towards a sustainable economy?
The high-tech investment trend in Vietnam is advancing. Its opportunities are coupled with the pressure that forces businesses to change their production structure. Understanding this issue, we have cooperated with reputable domestic and foreign units to expand household plastic production. Kim Vu Minh not only focuses on profitability but also commits to bringing values to the community and the environment. This is demonstrated in the use of green materials in production and social activities joined by the company.
To date, the company has automated production and invested in modern machinery such as modern plastic injection molding machines, control systems and quality testing equipment to minimize errors and increase productivity. In addition, materials are also of our concerns. For example, using virgin plastic in production not only ensures quality but also makes the product durable, safe and environmentally friendly.
In addition to these achievements, how has the company contributed to job creation and sustainable economic development in Binh Duong province?
Kim Vu Minh is always aware that its development must be integrated with local socioeconomic development. Currently, the company has created stable jobs for hundreds of workers who are entitled to good welfare policies and a working environment with many development opportunities.
Moreover, the company also actively participates in community activities like sponsoring scholarships, building charity houses or supporting local education development programs.
We are always proud of our "real creativity - real innovation" mindset. In the future, we are committed to making continuous efforts to respond to the trust and expectations of our partners and customers.
Thank you so much!
By Han Luong, Vietnam Business Forum
Vietnamese
