– While in 2021-2022, businesses in the province and nationwide faced difficulties such as supply chain disruptions, social distancing measures, rising fuel prices, and increased transportation costs, by 2023, with a global decrease in trade growth, businesses found themselves in a passive position, experiencing mass order cancellations and a decline in sales. Despite these challenges, enterprises continued to make efforts to overcome adversity, striving to fulfill their goals and plans, and ensuring employment for their workforce.
Efforts to overcome challenges.
As the Director of Antesco, a leading company in the province engaged in the production, business, and export of fruits and vegetables, Nguyen Hoang Minh shared that in 2022, despite facing numerous challenges such as intense competition and rising costs, the company made significant strides in its business operations. Antesco not only met but exceeded its set goals and plans for the year. Particularly noteworthy was the post-tax profit target, which was achieved and surpassed by nearly three times compared to the same period in 2021.
The total production output reached 17,582 tons, a 20.46% increase compared to the same period; the total consumption volume amounted to 15,888 tons, an 11.82% increase over the same period. The total revenue and other income were 594.32 billion VND, an 18.04% increase compared to the same period. Among these figures, the total export turnover reached 21.64 million USD, surpassing the plan by 25.82% and increasing by 16.37% compared to the same period. The total after-tax profit reached 35.21 billion VND, exceeding the plan by 143.04% and surpassing the same period by 265.76%.
In 2023, Antesco Company strives for a consumption volume of 19,321 tons, revenue of 680 billion VND, and a pre-tax profit of 42 billion VND. Despite facing numerous challenges, the company is making efforts to maintain and explore markets. Year-to-date sales from the beginning of 2023 have reached 520 billion VND out of the annual target of 680 billion VND, exceeding 20% compared to the same period in 2022. The profit is 15 billion VND, with 80% of raw materials sourced from An Giang province. The main products in focus include baby corn, soybean sprouts, mangoes, and dragon fruit. In terms of export markets, 50% of the products go to the United States, 40% to Europe, and 10% to Asia.
Petrol and oil are essential commodities. Over the past two years, the implementation of the political mission of Petrolimex An Giang, a member of Petrolimex, has been greatly affected by the COVID-19 pandemic. The global oil and fuel prices have experienced complex fluctuations, rapidly changing states with significant amplitude, and there have been periods of local supply shortages. After the pandemic, the global political situation has become more complex, especially with the armed conflict between Russia and Ukraine, which further exacerbates the crisis in the global oil and fuel supply.
Vietnam still has to import 20-30% of the volume of finished petrol and oil to meet domestic consumption needs. The management of the domestic petrol and oil market faces many challenges, leading to situations where some businesses lack supply sources or proactively suspend sales to reduce losses. This has resulted in consumers flocking to purchase goods at Petrolimex, putting significant pressure on the supply chain, including Petrolimex An Giang.
Chairman and Director of the Limited Liability Company – a member of Petrolimex An Giang, Mr. Hong Phong, shared that despite facing numerous difficulties, Petrolimex An Giang, in its role as the leading state-owned petroleum business entity, has fulfilled its responsibilities. The company has taken on leadership, guidance, and implementation roles, employing various flexible solutions. The sales of petroleum products have achieved an average annual growth rate of 11%. Notably, the company has ensured a stable supply of petroleum products, safeguarding employment with an average income of 18.7 million VND per person per month.
Despite the economic impact of the post-COVID-19 period, with surges in fuel prices, foreign exchange rates, and high bank interest rates, the Construction Corporation An Giang has been effectively led from 2020 to the present. “The company achieved a revenue of 5,466 billion VND (52.51%), a profit of 476.5 billion VND (53.05%), and contributed 590 billion VND to the state budget. In the first 6 months of 2023, the company achieved a revenue of 780 billion VND, a pre-tax profit of 68 billion VND, contributed 70 billion VND to the state budget, and had an average salary of 8.8 million VND per person per month,” said Quach Trong Dung, the CEO of the Construction Corporation An Giang.
“Expectations for recovery and development.”
Nguyen Hoang Minh, the CEO of Antesco, shares that the consumer market is highly competitive, influenced by inflation and the Russia-Ukraine war. Profitability is challenging, and companies in the same industry must “fight” to survive. Antesco continues to maintain its growth and ensure the well-being of its workers, increasing the number of new employees by 10%. The company is actively expanding its market and customer base, focusing on developing key products, introducing new products, and expanding its raw material sources.
In the context of the general economic difficulties, many policies supporting businesses are being implemented by various ministries, sectors, and localities. According to forecasts, from now until the end of the year, the global and domestic economies will continue to face many challenges, with increasing inflation directly impacting production and business. In this situation, economic experts recommend continuing to remove bottlenecks and urgently supporting businesses. Industries and localities should intensify administrative reforms, implement breakthrough solutions, and apply truly suitable and effective policies to support businesses. Businesses need to exert their best efforts, be flexible in boosting production and business activities, aiming for quick and sustainable recovery.
To enable businesses to proactively adapt, recover quickly, and achieve sustainable development in both quantity and quality, the Provincial People’s Committee requests that various levels, sectors, and local authorities focus on implementing mechanisms and policies to support businesses. These include supporting startups, streamlining investment procedures, providing land, addressing environmental concerns, facilitating access to credit, technology, expanding markets, developing human resources, participating in industry clusters, and managing value chains. Through these measures, the aim is to help businesses autonomously adapt to new situations, maintain stability in production and business operations, foster innovation, achieve sustainable development, enhance competitiveness, and contribute to the local economic and social development.