AsemconnectVietnam - Thanh Chi Joint Stock Company was established in the context of the economy slowing down; however, the company promptly applied strategies to overcome difficulties, and managed to achieve sustainable development and build up its brand name.
The company was established on October, 2006 from the equalization of Construction Materials Production and Trading Enterprise affiliated to Ba Ria - Vung Tau Urban Development and Construction Corporation (UDEC). In the early days, the company encountered enormous difficulties and challenges because State policies were frequently changed to respond to economic recession. The company boldly decided to diversify its business scopes to logistics, warehousing, bonded warehouse services, customs agencies, etc to survive and develop. With this approach, the company is now involved in many business fields from initial construction material production and has customers in both Vietnam and the world.
The company faced a lot of difficulties to borrow money from banks to finance its business operations. Thanh Chi Company managed to rise its own sources to turn challenges into opportunities as the company’s leadership set out. With the current asset value of over VND130 billion, the company has invested in advanced Russian stone production technologies. Besides, in response to the Government’s encouragement policies on adobe brick production to reduce environmental pollution and minimize greenhouse gas emissions, the company invested in adobe brick production lines. With this product line, the company is forecast to develop more strongly because this product has a lot of superiorities to traditional ones. Specifically, it is not made from clay while it does not cause environmental pollution because it does not use fire to burn. Besides, it features better strength, sound insulation, heat insulation, waterproof, water resistant and lower costs. Particularly, the company fully automated its production lines with a daily output of 60,000 to 70,000 bricks per day.
Thanks to efforts of the entire staff, the cooperation and support of partners and customers in the spirit of mutual interests, the company reached achievements above. At present, the company is still mainly operating with its own capital and borrowing a small amount from banks. General Director Nguyen The Thuong said: "To stand firmly and develop continuously as now, the company had to stand on its own foot and pass through many challenges. In addition to effective strategic business steps, we hope that the State policies will be stable and friendly to enterprises, particularly policies on warehousing, land and port, to help enterprises to set up long-term business development plans to tap the advantage of Ba Ria - Vung Tau international transshipment routes.”
Thanh Chi Company attaches importance to sustainable development as it is the best way to have a good brand name in the marketplace and ensure livelihoods for employees. In ore mining, labour protection and labour safety are always the top priority of the company. All employees are provided sufficient protective equipment and they are strictly examined before going to working sites. Furthermore, to raise awareness of and compliance to occupational safety regulations, the company regularly organizes training courses on labour safety and fire prevention for its employees with cooperation with relevant departments and industry organizations. Besides, the company extracts a part of profit for community activities like disaster and flooding prevention, philanthropic house construction, and support for Agent Orange victims. This is the mission that Thanh Chi set from the very first days of its operation.
To become a multi-business group in the future, Thanh Chi Company will focus on developing current businesses, particularly logistic services and construction materials. At the same time, the company will continue improving product quality and lowering its adobe brick costs to enhance competitiveness against traditional bricks and imported bricks. The policy and mechanism support from the State is very important for the company to achieve this goal and assert the name and position of Vietnamese firms.