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PISICO's wood processing factory. Photo N.T |
With appropriate business strategies, the general production investment service import export company (PISICO) has made breakthrough in its development, aiming to promote the trade name.
Stability and development
Since 2000, PISICO has gradually developed its business. Advanced technologies for export wood processing were applied. The market research is always intensified besides the participation in domestic and foreign fairs.
PISICO has had many big contracts, becoming one of State-owned enterprises in Binh Dinh thanks to its suitable and practical measures.
At present, PISICO includes some members and joint-ventures. It is now doing business in many fields, such as furniture, forest planting and exploitation, agricultural and forest products for import and export, and cable TV.
With the extension of scale and suitable strategies, PISICO's business has become more and more effective. Last year saw the total turnover of more than VND1,995 billion, up 17.5 percent, accounting for 122 percent of the plan. The total export turnover was over US$101 million, up 100 percent over 2006, accounting for 119 percent of the plan.
New impetus
Despite its current stability and effectiveness, PISICO have prepared "long-term" strategies for the international integration in the coming time. It is expected to invest in the infrastructure at industrial zones, new factories, and approved projects.
PISICO will steer its members to promote the production, management. It will support other projects conducted at industrial clusters of Cat Nhon (Phu Cat District) and Canh Vinh (Van Canh District), according to PISICO's general director, Le Van Hong.
PISICO will also continue paying attention to projects which have long-term strategies to see if they have the feasibility for further investment.
Such plans proved that PISICO aims to strongly develop. It strives to gain the turnover of VND2,000 billion and the export turnover of over US$114.6 million.
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