THANH CONG TEXTILE GARMENT COMPANY RECEIVED THE CERTIFICATE OF MERIT BY CHAIRMAN OF HCM PEOPLE COMMITTEE FOR EXCELLENT PERFORMANCE, BEST PRATICES AND BUSINESS RECOVERY AFTER COVID
On January 9, 2021, at Rex Hotel, Ho Chi Minh City, the ceremony to award the certificates of merit from the Chairman of the People’s Committee of Ho Chi Minh City to the companies with outstanding achievements, examples of overcoming difficulties and business recovery after the Covid pandemic, actively contributing to the emulation movement of the City. The award recognizes the enterprises those have made outstanding efforts, turning difficulties into good opportunities in all conditions, active innovation, creative, overcome challenges to maintain and restore production – business, accompany the city to develop. In the last year, many businesses have urgently implemented digital transformation, convert new products, convert technology, develop the domestic market, change management methods, to be more active in the supply of raw materials to adapt to the new state. Through the above evaluation criteria, Thanh Cong Textile and Garment Joint Stock Company is honored to be one of the 12 excellent and best practice enterprises in Ho Chi Minh City to receive this award.
In the past 2020, although the Covid epidemic happened, affecting the global economy in general and the textile and garment industry in particular, but with the continuous efforts of the collective of leaders and employees, the business performance of Thanh Cong Company has achieved unexpected results. Revenue in 2020 is estimated about 146 million USD, profit after tax is estimated at 11.2 million USD, reaching about 140% compared with the plan. In order to achieve this result, besides the efforts of the collective of employees, the Company has promptly adapt and be agile in production and business, seize opportunities to turn risks into opportunities, utilize all resources and the advantages of the closed production system as well as the R&BD center that the Company has invested in the before years to produce masks, medical protection products and develop antibacterial fabrics and fabrics have outstanding features to meet high demand and urgent delivery time.
In parallel with the promotion of product development, the Company has launched a new fashion brand INNOF with high quality in the domestic market, and has developed the ONLEE fashion brand to export to the US market through AMAZON E-commerce sales channel of and initial steps recognized revenue. In addition, the company has just launched an e-commerce platform with the brand DE CLOSET, specializing in fashion sales.
In the coming time, the Company will both boost investment in expanding Garment – Knitting – Dyeing factories to serve export orders and satisfy increasingly high orders for yarn and fabric of textile and garment enterprises in VN to get benefits from CPTPP and EVFTA. In terms of fashion items, the Company developed online instead of opening a retail chain to catch up with modern shopping trends.
To achieve the set goals and towards sustainable development, the Company focuses on R&D and accelerating speed and consider them as the mottos to act.
In the past 2020, despite many difficulties but in response to the call of the Vietnam Fatherland Front Committee and the Red Cross, the Company has also donated 300 million VND to support for the Covid prevention and more than 400 million VND and many products of the Company to support people in the flood central region as well as has implemented a series of social responsibility activities (CSR) for the community.
According to Deputy General Director of Thanh Cong, Covid-19 is like a storm, trees that have good, solid, old root systems will last, and those trees those are weak, do not have good roots are very vulnerable and fall. Enterprises those want to stand up in front of thunderstorms, need consensus, synergy and good preparation.
Mr. Tran Nhu Tung – Deputy General Director on behalf of the company’s leaders attended the award ceremony and received the Certificate of Merit from the Chairman of the People’s Committee of Ho Chi Minh City. The award not only recognizes the efforts of outstanding and best practice enterprises but also motivates, adds motivation and encourages the spirit to help businesses try harder, actively contributing to the emulation movement of the City.
To continue promoting its role as a typical enterprise in Ho Chi Minh City, Thanh Cong Textile and Garment Company has been taking advantages of strengths, overcoming weaknesses and towards sustainable development. The Company will always accompany with the city businesses and collectively hands to contribute to developing the City more and more strongly.