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PhD  Ngo Thi Hong Thu, a leader of Truong Thanh Furniture Corporation, has proposed to remove the “red tide” out of the “ocean” where every industries and business has been sharing. The share will be bigger if the “cake” is big enough but it seems out to be lack of leader to coordinate for bigger share.

PhD Ngo Thi Hong Thu – Vice General Director of Truong Thanh Furniture Corporation introduces the company to one postgraduate researching group from the USA.

There is an outstanding belief that Vietnamese people unite once they face difficulties. However, things are different in bigger market race where the community sharing is low and even becomes competitive. Business in Vietnam is favorable for low-cost material supplies and laborers. However, due to the lack of cooperation with one another, enterprises in Vietnam are always ready to lower price or make bad rumors of their competitors. This weakness is easily exploited by outside customers who keep demanding for lowing price for their best beneficiary.

Truong Thanh Furniture Corporation has grown to be named in 30 countries and territories worldwide. “Our long journey needs not only big ships but also talented captains. Modern technology and accurate forecasts are our keys to the target at the fastest. On this basis, we are oriented to accepting challenges because way to success is not a well-trodden path,” remarked Ph.D. Ngo Thi Hong Thu.

With the financial report on her hands, PhD Ngo Thi Hong Thu said that it was joyful for the company to earn 2% of interests while many other companies did not grow during the global economic downturn.

She said that famous brand names of the USA and Japan have dominated almost everywhere. During the integration process, Vietnamese brand names of Petrolimex, AgriBank, Vietnam Airline, etc. have emerged. Among those names, Truong Thanh Furniture Corporation has included itself to top 30 of national brand names selected by the government.

Up to date, after selecting out top enterprises, the authorized agencies seem to be very slow in helping those brand names to reach further to the world. For the sake of an enterprise, Truong Thanh Furniture Corporation is committed to its activity by effective short-term projects and extension of longer ones.

Currently, the company is prepared for first yield from domestic planting forest. This will change the company’s flow of capital. Meanwhile, the company has also invested to research of alternative and recyclable fuel in South Africa to substitute for fossil fuel.

Reported by Duy Chi – Translated by Vi Bao