Support to reduce costs and increase production capacity for businesses

Industrial promotion funding in recent years has supported businesses to step by step improve their designs and product quality, thereby expanding domestic and foreign consumption markets.

Since August 2019, Tuan Dung Manufacturing – Trading – Service and Construction Design Co. Ltd, specializing in manufacturing manual mechanical products, has invested VND 410 million to buy machinery and equipment in the production of aluminum doors, high-class doors such as: 2 aluminum plastic cutting machines, corner presses, automatic head milling machines, door punching machines, etc.

Of which the industrial promotion funding supports VND 200 million. Mr. Do Hoang Oanh, Director of the Company, said that industrial promotion capital has motivated enterprises to invest in advanced machines and equipment production, helping businesses reduce costs and increase profits to 380 million dong / year, up 40% compared to before. In addition, the company can produce a variety of products, contribute to lower costs, improve product competitiveness as well as improve the income of employees to 7.5 million / month.

Realizing that the market for wooden products is constantly changing, Tien Dung Co.Ltd has invested in a fully automatic sophisticated wood product production line. If before, all the stages were handled by the worker (planing, broaching, etc), so now just the worker presses the control button, machinery and equipment will operate on the wooden plate and produce the products. products on request. It only takes about 3-5 minutes, the product will be created exactly as designed drawings.

To get beautiful products, meeting the increasingly difficult needs of customers, with the industrial promotion funding of VND 180 million, Tien Dung Company has invested an additional VND 180 million to buy wood carving machines. 8-head CNC (Model MK-1818A8 is 100% new) This device helps the product to achieve a higher level of sophistication, and is favored by markets in the United States, Canada, the United Kingdom, the Netherlands, Belgium, Germany and Australia. Currently, Tien Dung Company exports 4 containers of products each month to foreign markets, with an export turnover of VND 25 billion / year.

The above two enterprises are only one of many enterprises that have received support from industrial promotion funds in the past time. Thanks to this support, many businesses have been able to apply technical advances, use modern machinery and equipment for production, thereby helping businesses increase labor productivity, lower product costs, reduce labor intensity, reducing environmental pollution. Many industries in industry, small industry and handicraft have made use of local materials and specialized labor, thus creating products with reasonable prices and raising the competitiveness of their products.

Productivity and Quality Office