Firms experience mixed fortunes
HCM CITY (VNS) — Despite today's tough economic climate, many enterprises in HCM City are prospering by identifying business opportunities both at home and abroad.
While companies in the real estate market and wood-products industry have faced a lengthy downturn, the Savimex Joint-Stock Company, which exports furniture, has had success.
The company's director, Bui Ngoc Quoi, told the Sai Gon Giai Phong (Liberated Sai Gon) newspaper recently that revenue for this year could reach about VND625 billion, a year-on-year increase of 50 per cent.
Quoi said his company had seen opportunities as more Japanese enterprises had chosen Viet Nam as a partner because of Japan's recent political conflicts with China.
Savimex has already signed contracts that extend to the beginning of next year, and, next year, the company might even have too many contracts, according to Quoi.
Le Dang Quang, director of a printing and packaging firm, the Liksin Corp, said his company had received orders through the end of the year as well as for 2013.
With these orders, Liksin hoped to reach revenue of VND1 trillion this year, up by 5 per cent compared to last year, he added. —VNS