Taya Vietnam: Focusing on Expanding Production

4:02:09 PM | 6/19/2006

Taya Electric Wire and Cable Joint Stock Company officially went into operation in July 1995 to produce electric cables and wires. Products of Taya Vietnam match both Vietnamese and international requirements and have won the trust of all their customers.

Intensively investing in electromagnetic cable and wire products

Starting operation 12 years ago, Taya Vietnam is one of the first enterprises in Bien Hoa Industrial Park II. Taya Vietnam has made a long progress as it listed on the stock exchange in February 2006. Previously, its parent company, the Taiwan-based Taya Group, had a 15-year experience on the stock market listing. Hence, when the Government advocated the permission for foreign-invested companies to transform into joint stock companies, Taya Vietnam was one of the first six companies to submit for the equitisation plan. Then, the company asked for the listing after five months of operating in the form of a joint stock company. According to the management apparatus of Taya Vietnam, this was a good way to approach the public and customers of Taya, improving the image and reputation of the company, and Taya also wanted to share its rights and interests with its customers. In 2006, Taya aims to increase its revenues by 25 per cent in its major factories in southern Dong Nai Province and 75 per cent in its factories in northern Hai Duong Province. For the time being, Vietnam has dozens of electric wire and cable manufacturing enterprises. Six of them have same types of products as Taya’s. In spite of holding just 20 per cent of the market share in Vietnam, Taya never worries because the Vietnamese developing market always has a room for products of reliability and high-quality and products with good customer care policies. According to Taya Vietnam, the company is waiting for the importation of new equipment and machinery worth some US$3 million to expand production and manufacture new products of medium and high-voltage electric cables and wires.

Implementing labour policies

From January 2006, the company raised the salary for newly-recruited workers by VND190,000 (US$12) a month to VND790,000 (US$50). After one month of probation, they will have labour contracts and their salaries will be added VND100,000 a month. On average, the salary is about VND1.2 million (US$75) a month but each senior worker can earn VND3 million each month. Besides, each division has bonus funds, depending on their operation and business efficiency. Hence, workers can demand bonus money. The company also has allowance policies under which workers suffering illness or accidents will be financially supported.

Currently, one of the top concerns of the Directors Board as well as workers is to develop a strong trade union which acts as a bridge between company’s leaders and workers and help the leaders to discover and adjust irrationalities. In addition, the labourers also want to take part in community activities and sport activities to improve the relations between all divisions of the company itself and between the company and the community.

Ngoc Oanh