Chairman of EVN’s Member Board Duong Quang Thanh speaking at the meeting with Dong Anh Electrical Equipment Corporation.

In the report on the production and business activities of EEMC, Mr. Nguyen Vu Cuong - General Director of EEMC said,  compared with the same period in 2021 and the 2022 plan, the accumulated performance in the first 9 months of the year and estimated in 2022 is at a low level. One of the main reasons, according to EEMC, is that the price of raw materials has continuously increased since mid-2021 and is currently staying at a very high level. The main materials constituting products of EEMC such as silicon corrugated iron increased more than 2 times; oil increased 1.8 times; copper increased more than 2 times; iron and steel, raw materials increased 1.2 times, etc.

The supply of raw materials is currently very limited. Russia, Korea, and Japan all do not export silicon corrugated iron to Vietnam.  Non-ferrous metals are also scarce in supply and have high prices due to insufficient supply and demand, long delivery schedules, increased transportation costs, etc. On the other hand, the situation of fake goods and imitation products of EEMC has affected its reputation and reduced the market share of distribution transformers of EEMC.

Facing these difficulties, EEMC has actively implemented many solutions such as: improving product design in the direction of both reducing material consumption and ensuring quality; step by step implementing digital transformation in accordance with the actual conditions of enterprises; arranging and organizing the organizational apparatus in the direction of leanness and efficiency; innovating product introduction methods, using QR code scanning technology, electronic stamps to combat fake, imitation goods, and so on.