Minh Hòa: The Expertise and Experience of a Leading Valve and Faucet Market Player

The market economy and the impact of the Covid-19 pandemic have forced businesses to change their mindset in approaching customers. For CEO Trương Quốc Cư, amid the Covid storm, Minh Hòa demonstrated resilience and leveraged practical experience to bring success to the company.

Van vòi Minh Hòa – Bản lĩnh của người dẫn đầu

Sharing with us about the first months of 2022, Chairman and CEO Trương Quốc Cư said: The year 2022 is expected to mark a turning point for Minh Hòa as it approaches its 30th anniversary. Along with the advantages from the company’s internal strengths, the company continuously innovates to adapt to market changes. To illustrate this point, he added: Many businesses today always advocate slogans like moving fast, innovating, and creating differentiation to compete. However, moving fast must be done correctly—grasping customer psychology, understanding their needs, desires, and the specific characteristics of their professions.

Unlike many young businesses with limited experience in responding and adapting to the new situation caused by the Covid-19 pandemic, Minh Hòa, with nearly 30 years of establishment and development, overcame the 2008 economic crisis, which served as an important foundation enabling Minh Hòa to take appropriate approaches and changes in response to the impacts of the Covid-19 pandemic. Accordingly, Minh Hòa proactively adapted to the unpredictable developments of the pandemic by preparing its internal resources, workforce, financial capacity, and raw materials as core factors.

Looking back at the pandemic’s impact, which caused thousands of businesses to go bankrupt due to inadequate preparation of internal resources, workforce, and financial strength, and manufacturers having to reduce labor and cancel contracts signed with domestic and foreign partners due to limited raw material supply, Minh Hòa still maintained its labor intensity and continuously increased production volume. Therefore, development and innovation based on actual market conditions and the rhythm of socio-economic life are considered key issues stimulating businesses to break through and achieve expected growth.

Moreover, alongside grasping market factors, Chairman and CEO Trương Quốc Cư also emphasized: in today’s valve and faucet industry, scientific and technical factors, automation, and increasing the scientific and technical content will help businesses succeed more. Minh Hòa understands that “Faster, better, and more customer-oriented” is precisely the goal Minh Hòa valves and faucets aim for in the coming years. Among these, the rapidly growing skilled workforce will be the internal force driving production scale, number of inventions, and technical improvements to increase manifold.

In 2022, Minh Hòa is expected to actively complete the import of technical machinery systems to achieve 100% technology synchronization, continuing to be one of the leading companies in valve and faucet manufacturing, water supply fittings, and supporting industries in Vietnam.

Minh Hòa Brand – The Value of 30 Years of Practical Experience

The head of Minh Hòa brand shared: “Nearly 30 years since the company’s establishment, we now truly realize that practical experience and forged resilience help each individual at Minh Hòa become more accomplished, turning us into sparkling diamonds.” Emphasizing this point further, Chairman and CEO Trương Quốc Cư asserted: “If a business wants to stand firm in the market, investing a lot is not enough; one must have practical experience, adapt to their product category, understand market psychology, and product fluctuations to make appropriate decisions.”

The insights shared by the CEO of Minh Hòa Valves and Faucets reflect what many businesses recognize; however, few successfully overcome difficulties to build a company that moves forward. Therefore, a business cannot develop solely by moving fast and constantly innovating—it requires a skillful combination of practical experience and the resilience of a seasoned enterprise to overcome challenges and affirm its pioneering position in the valve, faucet, and water connection accessories industry.

Miraculously overcoming the pandemic and continuing to grow with high expectations in 2022, Chairman and CEO Trương Quốc Cư set the goal of boosting valve and faucet production for the export market as a key objective for the year. At the same time, the company plans to expand its products and brand further in the domestic market. The Minh Hòa valve and water meter brand is expected to intensify outreach to the farthest and deepest customer segments across the country, becoming an essential water supply device in everyday life within Vietnamese homes.

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Minh Hòa Investment Joint Stock Company: Vietnamese Valves and Faucets for Vietnamese Homes

Headquarters: Lot B2-4-4, Nam Thang Long Industrial Park, Thuy Phuong Ward, Bac Tu Liem District, Hanoi

Website: http://minhhoa.com.vn

Hotline: 0984.04.1950