VNExpress-Jan 25
In 1994, Nguyen Van Tri lost his job as a worker when the factory that he had worked at for 18 years downsized. Today, Tri is the proud owner of Lap Phuc Co. which specializes in precision mold making. The company currently enjoys an export turnover of $4 million per year. On the days leading up to the Lunar New Year, Lap Phuc Co.’s factory of more than 10,000 square meters in Ho Chi Minh City was still busy with the final stages of an automobile mold order for export to the United States. https://e.vnexpress.net/news/news/from-zero-to-hero-a-downsized-worker-who-owns-a-million-dollar-factory-4563361.htmlFactory worker Vo Nhut Han stared intently at the control panel, a satisfied look on his face as the machine operated smoothly. After graduating from a vocational school with a diploma in mechanical engineering, Han, a young man from the Mekong Delta’s Tien Giang Province, joined Lap Phuc. Over the past 15 years, he has become one of the factory’s skilled workers, earning a monthly income of about VND20 million (US$850). Thanks to the stable income and savings, he and his wife managed to buy land and build a house in the city. “I’ll probably work at Lap Phuc until I retire,” said Han, 38. Thanks to his hard work and eagerness to learn, after a few years as a worker Tri began to be promoted to managerial positions with the highest position being workshop foreman. In 1994, the company downsized and he lost his job at the age of 35, after 18 years of working there. Despite knowing many mechanics-related jobs, he decided to start up his own business in the mold industry as he thought the manufacturing of any tool would require a mold. With a good mold, he thought, the products will look better and be of higher quality. At that time, the mold industry was dominated by the Chinese. In order not to be “crushed to death” by the competition, he chose a separate branch focusing on making molds for clocks and fans instead of household appliances. To have the best products, he borrowed $120,000 from his relatives to buy a CNC milling machine, a very modern piece of equipment imported to Vietnam 25 years ago. Read more at: https://e.vnexpress.net/news/news/from-zero-to-hero-a-downsized-worker-who-owns-a-million-dollar-factory-4563361.html
