Cosmos Joining Forces for Supporting Industry Development

Established in 2005 in Khai Quang Industrial Park, Vinh Yen City, Vinh Phuc Province, wholly Vietnamese-invested Cosmos Technology Co., Ltd is active in precision mechanical processing. Cosmos has affirmed its brand in high-quality mechanical components and spare parts at the best price for domestic and international automobile, motorbike and electronic manufacturers.

From a small business with about 60 employees, Cosmos has constantly grown and now hires a total of nearly 2,000 employees for two factories in Vinh Phuc and Phu Tho provinces. Its annual revenue is about US$50 million. The company's main customers include Honda Vietnam and first-tier FDI parts suppliers for Honda Vietnam such as Honda Goshi Thang Long Vietnam and Nissin Brake Vietnam. Thus, Cosmos is both a first-class supplier and a second-class supplier in Honda Vietnam's supply chain. In 2017, the company also became a leading supplier of stamping components for Toyota Vietnam. In addition, it supplies stamping components for Panasonic Vietnam and exports them to other countries, asserting itself as a leading supporting industry firm in Vinh Phuc province. Without a doubt, this success comes from open development support policies for supporting industries in the places where Cosmos locates its factories such as Vinh Phuc. Its success has contributed significantly to supporting industry development of Vinh Phuc province and of Vietnam as a whole.

"To become a direct partner for foreign direct investment (FDI) enterprises, a domestic direct investment (DDI) company must orchestrate technology, people, management systems and working environment, because they are demanding and work professionally, so their partners must also be professional," said the Head of the Office of Cosmos Technology Co., Ltd.

To become a leading supplier of mechanical products in Vietnam, in the coming time, Cosmos Technology Co., Ltd will invest more in modern equipment, accelerate automation and computerization for factories and offices, actively look for new orders, strengthen training and improvement of workers' skills, and provide mechanical components of best quality and price for automobile, motorbike and electronic manufacturers. The company will also apply good employee policies and participate in local charity and social activities.

By Nguyet Tham, Vietnam Business Forum