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Viet-Tiep: Time-honoured brand  

 Thursday, June 15,2017

AsemconnectVietnam - Viet-Tiep Lock Joint Stock Company is considered the largest and most modern lock manufacturer in Vietnam. While many long-standing Vietnamese brands have lost their market positions, Viet-Tiep Lock has still maintained steady growth and affirmed its prestige to domestic and foreign consumers such as in Laos, Cambodia, Kuwait, Dubai and Cuba.

In 2017, as the free trade agreement (FTA) between Vietnam and the Eurasian Economic Union (EEU) has come into force, Viet-Tiep Lock has gained access to the vast and potential market of Russia.

Viet-Tiep Lock Joint Stock Company, formerly known as Hanoi Lock Enterprise affiliated to the Hanoi Industry Department, started operations in 1976 with all equipment funded by former Czechoslovakia. In 1992, it was renamed Viet-Tiep Lock Enterprise and officially changed to a joint stock company in 2006. Not only being trusted by consumers with traditional lock products, the company also manufactures sophisticated locks to meet diverse market needs.

During more than 40 years of construction and development, the company has always put a premium on its core values of “Quality-Renovation-Innovation”. It has combined Czechoslovakian technological foundation with cutting edge technology and equipment. Besides, the firm attaches importance to training young employees in order to improve their qualifications, competences, business management levels and production management skills in order to master technological processes and effectively operate automated and programme-controlled machinery and equipment systems.

Being aware that product quality and customer service determine the company's development, Viet-Tiep Lock has effectively applied its quality management systems in accordance with the ISO 9001-2008 international standards and thus maintained dynamic, effective working attitude, working style and consensus. At present, the company has a yearly output of over 20 million products with hundreds of different categories for domestic consumption and for export.

Viet-Tiep Lock is a time-honoured brand and has a subconscious power to Vietnamese people because of its prestige, quality and durability. With a desire to bring Vietnamese products to international friends, the company was present in Russia, attending the Mosbuild International Exhibition on Building and Finishing Materials. This is a large scale exhibition attended by many big enterprises in the world.

Mr Luong Van Thang, Chairman of the Board of Directors of Viet-Tiep Lock Joint Stock Company, said, “In the past years, Viet-Tiep Lock has expanded its markets in many countries around the world and Russia is a new destination. It can be said that this is a new but familiar market for us. Previously, Viet-Tiep locks were exported to Russia under the agreement signed by the Ministry of Planning and Investment of Vietnam and its products earned the good feelings of Russian people. Moreover, Russia is huge in both geographical area and economic potential. Currently, the purchasing power is being restored after a tough time and we thus place very high hopes on the prospect of Viet-Tiep Lock in Russia. At the exhibition, Viet-Tiep locks received very positive feedback from Russian customers and partners. Our product quality is rated higher than other brands. After the exhibition, I feel that Russians have strict requirements for quality, simple design and high sophistication, and Viet-Tiep Lock has met those tastes.

To conquer this market in the coming time, we will research and improve the quality further. However, in my opinion, to enable Vietnamese goods to penetrate the Russian market, Vietnamese businesses should have strong cooperation to go farther and more deeply, and create a strong synergy of Vietnamese goods. In the coming time, Viet-Tiep Lock hopes that Vietnamese and Russian governments will agree on new shipping modes to shorten the delivery time, simplify legal procedures and enable long-term business conditions.”
N.Nga

Source: vccinews.vn

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