On December 14, the Industrial Zone (IZ) Division held its 2023 Summary Conference on Emulation and Commendation and signed the 2024 Emulation Agreement. The event was attended and directed by Mr. Hoang Van Thu, Secretary of the Emulation and Commendation Council under the Commission for the Management of State Capital at Enterprises (CMSC).
Overcoming Difficulties, Achieving Strong Results
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In 2023, both domestic and international economic conditions remained challenging, while geopolitical instability in several regions continued to affect production, business, and investment attraction. Some enterprises within industrial zones faced capital mobilization difficulties, forcing them to delay project implementation. Others had to reduce production due to a lack of orders, directly impacting IZ revenue.
Labor shortages in certain localities also posed challenges for labor-intensive industries, while administrative bottlenecks in industrial zone expansion slowed land-leasing plans, affecting business results.
Despite these headwinds, IZ enterprises successfully met or exceeded key performance indicators. The highest-performing company achieved 115.53% of revenue and 125.12% of post-tax profit targets. On average, all units met or surpassed goals related to profit-to-capital ratio, employee income, and dividend payout.
Impressive 2023 Performance Metrics
The eight IZ companies within the emulation bloc all completed their assigned plans. Emulation and commendation campaigns were implemented widely, and social contribution activities were actively supported with a total charity budget of VND 1.62 billion.
Key results included:
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Total revenue: nearly VND 1,742 billion (84% of plan)
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Post-tax profit: VND 706 billion (111% of plan)
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Profit-to-equity ratio: over 64% (106.9% of plan)
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Tax contribution: VND 411 billion (75.2% of plan)
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Average employee income: VND 15.4 million/month (110.5% of plan)
Building Unity Through Emulation and Social Responsibility
According to Mr. Nguyen Thanh Son, General Director of Dau Giay Industrial Zone and Vice Head of the Division, the IZ units carried out numerous emulation movements, including:
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Striving to meet annual business targets,
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Celebrating national holidays and major events,
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Promoting political education and moral inspiration from President Ho Chi Minh’s ideology, and
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Supporting charitable initiatives such as “For the Poor” and “Gratitude to Veterans”.
Companies also prioritized employee welfare, organizing recognition programs for workers’ children, and providing financial support for staff facing illness or hardship.
Each year, the Division honors outstanding individuals and collectives, awarding titles such as “Grassroots Emulation Fighter” and “Outstanding Worker” to acknowledge their contributions.
Recognition and Commendation
In 2023, the IZ Division received multiple awards at both provincial and group levels:
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Nam Tan Uyen Industrial Zone JSC and Tan Binh Industrial Zone JSC were ranked among Vietnam’s Top 10 Reputable Industrial Real Estate Companies 2023 by Vietnam Report.
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Tan Binh Industrial Zone was also listed in Vietnam’s Top 100 Sustainable Enterprises (CSI 2023).
The Division’s 7 member companies—Bac Dong Phu, Dau Giay, Nam Tan Uyen, An Dien, Tan Binh, Long Khanh, and Binh Long Rubber Industrial Zone—operate across the Southern Key Economic Region, covering Ho Chi Minh City, Dong Nai, Binh Duong, Binh Phuoc, and Tay Ninh.
At the conference, Dau Giay IZ was appointed Head of the Bloc for 2024, with Nam Tan Uyen IZ as Deputy Head.
Proposed commendations include:
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Tan Binh IZ and Bac Dong Phu IZ – CMSC Emulation Flags,
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Long Khanh IZ – VRG Emulation Flag,
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An Dien, Binh Long, and Dau Giay IZs – VRG Certificates of Merit.
Sustaining Momentum for 2024
Speaking at the conference, Mr. Hoang Van Thu commended the IZ Division for implementing effective and well-structured emulation programs:
“The emulation and commendation activities in 2023 were executed efficiently and in accordance with the bloc’s charter. Member companies actively shared best practices, creating momentum for mutual development.”
The Division concluded the conference by signing the 2024 Emulation Agreement, pledging continued unity, innovation, and excellence in the coming year.