In Vietnam, the footwear industry occupies an important position in the economy with an export turnover more than US$10 billion annually and employs more than 1.5 million workers nationwide, helping to develop a national economy. However, in general, most of the market share in the sector is held by FDI enterprises, Vietnamese enterprises just occupy a relatively small share with limited competitiveness. Among them, the TBS Group stands out as a rare domestic business in the footwear industry that can compete in scale with foreign companies.
TBS Group operates in the fields of fashion manufacturing industry and financial investment. After 25 years of innovation and development, TBS Group has become one of the multinational enterprises, with a certain prestige in the region and internationally.
Overcoming the difficulties and challenges in 2016, TBS Group’s fashion manufacturing industry has reached the highest growth rate in many years. It continues to be a strategic and reliable partner of top fashion brands in the world such as Skechers, Decathon, Wolverine in the shoe industry or Coach, Lancaster, Tory Burch in the bag industry. At the same time, it is ranked the fifth top in footwear and fourth top in bag making in Vietnam.
Moreover, TBS Group has an increasingly global value chain: having a closed supply chain; controlling a technological system, having three R & D centres with international standard and 700 experienced professional workforce, developing more than 75,000 pairs of sample shoes and 10,000 sample bags per year; It contributes to the added value of each product, as well as creating a sustainable competitive advantage for the corporation.
At present, the number of employees in TBS Group has reached over 32,000 people, with high professional competence and stable skill. A difference in technology as well as quantity and quality of labour will partly reflect the scale, competitive advantage of a manufacturing enterprise. The Board of Directors in TBS Group always conceive that “Employees are a valuable asset, a strategic weapon that contributes to the success and development of the business.”
As Vietnam is integrating deeply with the world economy, bilateral and multilateral trade agreements have been signed helping to create a lot of orders, suppliers of raw materials. However, TBS Group, as well as the Vietnamese footwear and handbags sector, is facing many difficulties as mechanical manufacturing, machinery and equipment are underdeveloped. Enterprises cannot build a big brand; labour productivity is still not high; quality of human resources is weak and cannot control raw materials sources. The fact, foreign companies consider Vietnam a processing workshop, so the orders to Vietnam are just enough.
According to Mr Nguyen Duc Thuan, Chairman of TBS Group’s Board of Directors and Head of Vietnam HandBag and Footwear Association, in the coming time, a footwear enterprises need to increase added value in the product supply chain, extensive development of supporting industries. In addition, the Government should have many policies to support enterprises in accordance with reality, creating conditions for the handbag – footwear industry and supporting industries develop to a new level, and have the strength to compete on the world market.
On the side of TBS Group, with its aspirations, determination, along with the spirit of unceasing innovation from a strong team and visionary strategy of the leader, TBS will strengthen to grow into a prestigious multi-branch investment company in Vietnam and the region, bringing international level, showing the intellectual stature and pride of Vietnam in the world. For the immediate future, at the present until 2020, the group is going to become one of the top global supply chains for the footwear & handbag industry, while increasing human resources up to 45,000 person; investing in the development of human resource capabilities, improving management and strategic visibility; moving production to areas where attract sustainable employment. On the other hand, TBS Group will focus on investing and providing products and services to help Vietnam’s industry involved in the global value chain. We always innovate, create, grow together and share benefits, attach responsibility of the group to the community and society, and bring confidence and peace of mind to customers, partners and employees.
TBS Group – Together we Build our Success
