In 2018, Factory Z111 exceeded its set production targets. As a result, the factory earned a total revenue of VND 674 billion with a net profit of nearly VND 23 billion, up by 18 percent from the previous year while the average monthly salary reached about VND 9.6 million per employee.

The unit completed the whole defense manufacturing plan while ensuring high quality of all defense products and meeting the scheduled time. It also actively invested in modern production lines to increase productivity and quality of products.

General Ngo Xuan Lich hands over Tet gifts to Factory Z111's staff and their relatives.

Moreover, the factory gained contracts to provide equipment for foreign clients in the fields of oil and gas, cement, thermo-electricity, food industry, plastic household utensils, and construction. At the Indo Defense Expo & Forum in last November in Jakarta, Factory Z111’s pavilion welcomed a large number of regional visitors.

In addition, the factory well performed the Party and political work, embraced and carried out comprehensively directions and resolutions by higher levels, implemented emulation and reward work in combination with building up regularity and observing military disciplines, and conducted defense external affairs.

General Lich wished all the factory’s management board and workers a happy Tet and applauded their production achievements last year.

The Defense Minister also asked them to make further efforts to develop the factory, contributing to promoting Vietnam’s defense industry in general in the time to come as expected by the Central Military Commission and the Defense Ministry.

Translated by Van Hieu