Govina Investment Joint Stock Company: Charting Unique Path to Sustainable Development

Overcoming all difficulties in the way, especially volatile consumption and export markets, in 2024, Govina Investment Joint Stock Company has steadfastly reinforced its market position, actively sought its own way, boldly invested in expanding production, and diversified product development to meet market demands.

Govina is a premier enterprise in the wood processing industry of Bac Kan province

Bac Kan province advantageously has more than 413,000 ha of forest land, accounting for 85% of its total natural land area, including over 372,000 ha with forest (272,000 ha of natural forest and over 100,000 ha of planted forest), capable of harvesting more than 305,000 cubic meters of timber. In recent years, the province has made efforts to become a “timber production and processing center of the northern midland and mountainous region”. With its good investment attraction policies and the huge potential of the wood processing industry, many enterprises have come to invest in Bac Kan, including Govina Investment Joint Stock Company.

In 2017, Govina Investment Joint Stock Company invested VND160 billion to build the first phase of a wood processing factory with an annual capacity of 120,000 cubic meters in Thanh Binh Industrial Park. By the end of May 2018, the first phase of the project was basically completed and put into trial operation. It manufactured the first products for export to South Korean and US markets. Currently, the factory focuses on producing high-quality, environmentally friendly interior plywood, mainly exported to the US, the EU and other markets.

Govina Investment Joint Stock Company has created jobs for hundreds of workers, most of whom are local people. An employee is paid an average of over VND7-8 million a month. Training, salary, insurance and other policies are always guaranteed for employees by the company. At the same time, every year, the company markedly pays taxes to local budget and socioeconomic development.

Mr. Vu Khanh Cuong, General Director of Govina Investment Joint Stock Company said: “To maintain the quality of industrial wood products sourced from planted forest wood instead of natural wood, diversify product designs featured by environmental friendliness and move towards sustainable development in the coming time, the company conducted surveys and promoted the Govina forest planting project in Bac Kan province to provide stable raw materials its factory in the future. When the project is implemented, it will create jobs for local workers and contribute to local socioeconomic development. We hope that the government and local authorities will have more preferential policies and special support for companies investing in rural agricultural development such as Govina so that they can stabilize production, meet employment needs and support local development.”

Indeed, after more than five years of operation, the development of Govina is the pride of the Bac Kan wood processing industry, reinforced by the workmanship of its employees who quickly absorb and master advanced technologies in the factory. At the same time, the company will create a strong belief in the stable consumption of planted forest wood in Bac Kan. Then, with a sustainable input supply chain, Govina will provide indirect jobs for thousands of workers working on nursery, planting, tending, exploitation and transportation of planted forest wood, thus helping boost local employment as well as local socioeconomic development.

By Phuong Hien, Vietnam Business Forum