FLOUR TO CONQUER EUROPE MARKETS
FLOUR TO CONQUER EUROPE MARKETS
P / V Le Huu Hung, Chairman Import Export Company Limited - Trading - CN - DV Hung Duy (Tay Ninh)
In the current difficult period, many businesses face a lot of risks, including financial risks, due to excessive dependence on loans from the bank. Finished, there are now so know "Is the rice gripping hold", have overcome challenges and maintaining its position as a leading enterprise in their locality.
Trading Co., Ltd. - Technology - Hung Duy service in Tay Ninh province is one such case. Le Huu Hung Chairman shared with TBK - TVN experience issues with some of his concerns.
Mister is a diversified business enterprise and have the "coverage" throughout the province of Tay Ninh, Hung Duy surely have suffered a significant pressure in recent difficult period?
Hung Duy say we are not affected by the crisis or difficulty during this time, it is not really.
In fact, each locality has different characteristics, in Xining, now invest in real estate at very, agricultural enterprises, the midrange and pretty much should also be impacted by the economic crisis is not large
Every business has a different way of coping with the difficulties it is important to know, "Is the rice gripping sauce". Hung Duy has a loan but the loan structure on low equity capital and working capital financing should be active and less affected.
Unlike many multi-sector business conglomerates in Vietnam in recent years has faced many difficulties, even "collapse" but I think the cause is primarily internal, the diversified businesses of companies Hung only a benefit to take this one offset the other, but is just one element, essentially remains the process of branding and financial credibility.
One of the problems of the most arduous production business inventories. Hung Duy also is no exception?
Hung Duy very little inventory, the company currently has two processing plants wheat starch (Capacity 200 frequency wheat starch / day / plant), each year over 50,000 tons of flour exported food, achieve higher sales and high budget belongs to the "Top" of the province. We are proud to do that because the product brand of Hung Duy has a solid foothold in the market.
In the business field of construction materials, Hung only is the exclusive distributor of all products of the steel construction company Vinakyoei Steel. Hung is the only distributor of consumer goods for renowned brands: Unilever, Vinamilk, Kinh Do, Bourbon, Abbott, Castrol, Kimberly - Clark,. ... In the field of freight business, Hung Duy available Nearly 100 vehicles including 60 top truck from 1-40 tons (containers), and nearly 40 delivery trucks, sales stabilize, delivery throughout the provincial territory. In addition, Hung Duy also petroleum business, first of all, first of all to provide the fuel for its vehicles, to avoid losses due to the characteristics of petroleum industry. Overall, we are very concerned about the issue of sustainable brand building, so VEC how to minimize risks seriously special
The issue of regional construction materials to supply flour mills?
Unlike many companies producing and processing agricultural products, Hung Duy does not have the raw materials nor cassava (tapioca)
Our entire purchasing from farmers, local Xining is an area of cassava in the second largest in the Southeast region (Item 40000 hectares with output more than 1 ton of fresh roots). The supply of cassava farmers in Xining provide processing plant our ever never a shortage, the problem is that we always purchase and sale agreement, the purchase is "Money gruel ladled awarded "immediately, no debt, no small buy, buy missing, this makes people more excited, more stable incomes due to fear of being" ruffled "remaining liabilities toward business, always available source receipt of working capital should be paid immediately, not to owe any particular customer. Hung Duy has overcome challenges, difficulties and partly because this approach
Cassava is a staple in 2 plants (with rubber) of Xining. Thus, local governments have a policy or program support for your business? And other companies in the industry have the same link to support each other in production and competition in the marketplace is not, sir?
The market is our traditional China, Indonesia, Taiwan, Bangladesh ... But 70% is in China. We are moving toward finding new and expanding markets open to Europe to diversify export markets. Currently, we are making small quantity orders go some European countries where they are relatively easy to calculate due to less bound by some standard requirements, safety issues ... although our food I already have ISO 9001: 2008 and several other criteria. With large companies in Europe, they require large quantities cave
more stringent standards corresponding to that is that we need to have large factories with large capacity, which is invested in sync. However, here again are the "obstacles".
Because, so far, PPC does not always control the expansion or construction of large power plants (only 200 tonnes come back). The cause of the problem is the day before, the province has planned the general material resources and capacity of the plant has been calculated so that the area suitable for the planned material. Now, if the approval of power exhibits and provincial concerns will get us into the material.
However, as mentioned, in Xining existing "material zone 2", which is tear borders Cambodia known accounts for about 50% of the province's existing material. This problem, not only us but many enterprises in Tay Ninh has been proposed but has yet to see any positive signal. However, a group of leading enterprises in the province including Duy Hung, continues to work "advisory" for leaders to have a way to support the fastest, most efficient for the business community in matters This, as well as ways to develop and expand export markets for wheat (and rubber) to the European market this potential. Our group is also promoting the establishment of the "Association of Wheat Xining sector", just made the playing field, there is common ground to link both protect each other on the international market.
