Vinatex-Learning and Following the Ideology, Ethics, and Style of Ho Chi Minh in Building Culture, People, and Corporate Culture

Evidence through Actions in Learning and Following President Ho Chi Minh

The Party Committee of Phong Phu Corporation, a subsidiary of the Vietnam National Textile and Garment Group Party Committee, has been honored as one of 25 collectives with outstanding achievements in “Studying and Following Ho Chi Minh’s Ideology, Ethics, and Style” for the 2021-2024 period by the Party Committee of National-level State-owned Enterpries’ Group. This recognition is proof of the Party Committee of Phong Phu Corporation’s decisive, concrete, and practical actions in studying and following Ho Chi Minh’s teachings, leading to significant breakthroughs in production and business activities and building a clean, strong, and comprehensive Party Committee.

Outstanding Achievement in Fulfilling Political Tasks

Phong Phu Corporation is approaching the milestone of the 60th anniversary of its establishment and development. Throughout the continuous growth, the comprehensive leadership and guidance of the Party Committee of the Corporation have always played a crucial role.

Ms. Le Thi Hoang Trang- Secretary of the Party Cell and Deputy General Director of the Corporation, stated that studying and following Ho Chi Minh’s ideology, ethics, and style has been a priority throughout the journey of building and developing Phong Phu Corporation. In recent years, the Party Committee of Phong Phu has emphasized the pioneering and exemplary roles of cadres and party members before the workers. This approach has fostered unity and development within the entire Party Committee, leading Phong Phu towards sustainable growth, and highlighting the Vinatex and Phong Phu culture that has persisted for nearly six decades in the national textile and garment industry.

In recent years, the Party Committee of Phong Phu Corporation has remained steadfast in its leadership direction, enabling the company to leverage the advantages of the complete supply chain. This strategic approach has distinctly positioned Phong Phu as one of Vietnam’s leading producers of yarn, sewing thread, towels, and home textiles. Phong Phu is resolutely committed to becoming a fair and valued company for shareholders and employees while contributing to the Government and society. This commitment is realized by vigorously promoting green, sustainable business practices and deeply integrating into the global textile garment supply chain.

Despite facing numerous difficulties since 2021, the collective of Phong Phu’s cadres, party members, and workers have remained undaunted. They have resolved to overcome these challenges through many practical and synchronized solutions in management, production, business operations, and market strategies. By proactively developing scenarios and solutions for the company’s situation, they have ensured stable production and business activities, income, health, and welfare for employees. During the COVID-19 pandemic, the Corporation flexibly responded and found ways to ensure job stability and livelihood for workers, achieving an average annual income increase of 7.5% and maintaining annual Tet bonuses ranging from 13.5 million to 16.5 million VND per person. These efforts have helped stabilize the morale and lives of employees and maintained the confidence and beliefs of the cadres, party members, and workforce at the company.

Under the comprehensive and timely direction of the Party Committee of the Corporation, the Board of Directors and the Executive Committee of Phong Phu have leveraged the advantages and traditional strengths to amplify the power of the team. They have organized numerous activities and labor emulation movements to promote excellent and creative work, aiming to enhance productivity, and quality, reduce costs, and increase the competitiveness of products.

Additionally, the Corporation has accelerated investments in digitalization and automation technologies to ensure fast delivery times for small orders while maintaining high product quality. This strategic breakthrough aligns with the new market development trends that large and specialized orders are becoming increasingly rare.

A clear evidence of the comprehensive and effective leadership of the Party Committee of the Corporation is the outstanding achievement of political tasks in each period, especially during the most challenging times. Specifically, the industrial production value reached VND 1,415 billion in 2021 and VND 1,599 billion in 2023, with a growth rate of 13% compared to 2021. The revenue was VND 2,073 billion in 2021 and VND 2,130 billion in 2023, reflecting a growth rate of 2% compared to 2021. Tax contributions amounted to VND 68 billion in 2021 and VND 97 billion in 2023, with a growth rate of 43% compared to 2021. The average income in 2023 reached VND 11,260,000 per person per month, marking a growth rate of 15% compared to 2021.

Thanks to owning a “closed-loop chain” from yarn to finished products, Phong Phu has achieved “self-sufficiency” in production activities, with 100% of the yarn produced immediately transferred to weaving or sewing thread production. This enables the company to meet the rules of origin requirements for sewing thread and home textile exports and minimizes risks from market fluctuations. The Corporation is strongly moving towards green, environmentally friendly production at a high level. This not only helps Phong Phu firmly establish the “position” as a top choice for customers in need of textile and garment products but also affirms the correct development direction in its 60-year journey of building the brand.

Evaluating  Phong Phu Corp, the Secretary of the Party Committee and Chairman of the Board of Directors of Vinatex Le Tien Truong affirmed that the Party Committee of Phong Phu Corporation has consistently directed, and oriented the unit to successfully restructure both in production and finance. Phong Phu has also achieved the best profit-to-revenue ratio among units within the Vinatex system, with high profit per capita.

This demonstrates the effectiveness of Phong Phu’s investment direction in products, technology, workforce quality, automation, and intrinsic value addition in production. With the goal of “Streamlined – Efficient – High Quality,” the Board of Directors and Executive Committee of Phong Phu have fulfilled the political tasks assigned by the Party Congress resolution and met the annual production and business plans set by the General Meeting of Shareholders.

Phong Phu has correctly implemented the training of the human resources, especially the management team, to not only meet Phong Phu’s sustainable development needs but also supply capable personnel to other units and the Vietnam National Textile and Garment Group. These efforts embody the unique culture of Phong Phu within the overall cultural value system of Vinatex.

Spreading the Culture of Six Decades of Cooperation and Development Alongside Community Responsibility

Ms.Le Thi Hoang Trang shared that one of the core values of Phong Phu is “Cooperation and development along with community responsibility.” With the mission “To enhance economic potential and quality of life in the community through providing superior quality products and services,” the Party Committee of the Corporation has deeply implemented political tasks, harnessing internal strength and gaining the support of cadres, party members, and workers.

Along with implementing the Resolution of the 13th National Party Congress, the Resolution of the 3rd Party Congress of the Vietnam National Textile and Garment Group, and the Resolution of the Party Congress for the 2020-2025 term of the Corporation’s Party Committee, Phong Phu has seen many positive changes in production and business. The company has proactively integrated, expanded investments, and improved policies for workers, driving growth and making practical contributions to the restructuring process of the unit, the Group, and the development of the country.

To continue successfully implementing the Resolutions of the Party Congresses at all levels, the Party Committee of the Corporation aims to build a team of cadres, party members, union members, and workers that meet the demands of the new era. They encourage them to emulate learning and following Ho Chi Minh’s ideology, ethics, and style, actively engage in creative labor, fulfill the unit’s political tasks, and care for the material and spiritual life of workers. They also participate in policy design and supervision, protecting the legitimate rights and interests of workers, and actively building the Party, the government, and the unit, making significant contributions to the development of Vietnam’s textile and garment industry.

The Phong Phu brand is increasingly well-defined among customers both domestically and internationally. In learning and following Ho Chi Minh’s ideology, ethics, and style, the Party Committee of the Corporation always emphasizes the importance of building culture, people, and corporate culture. In Phong Phu, the values of unity, creativity, honesty, and professionalism are key to creating “soft power” for breakthroughs in business activities.

The most important aspect for Phong Phu today is preparing the workforce and building a professional, friendly working environment for all employees. The guiding principles of the Party Committee, Board of Directors, and Executive Committee of the Corporation are transparency, objectivity, and fairness in distributing value to all parties: the State, shareholders, workers, and stakeholders. This is linked to social responsibility and a strategy for sustainable and green development, spreading a unique cultural message, “for a richer quality of life.”