All across the world, societies, countries, and communities are being impacted by a global pandemic. While many experts are rushing to create a vaccine that will allow our communities to return to a normal state of affairs, the rest of us are searching for ways to keep ourselves, our family members, and businesses healthy and strong.
Regardless of what area of the world you examine, family-owned businesses are an integral part of the economy and society. Jobs, economic stability, and societal values are supported by these businesses that are built and shared with the communities they serve.
"Family-owned businesses only work well when there is good communication between different family members and across the generations.", said Tan Hiep Phat Group Deputy CEO Phuong Uyen Tran.
"Our third core value is to be a responsible member of Vietnamese community and society.", said Tan Hiep Phat Group Deputy CEO Phuong Uyen Tran.
According to Phuong Uyen Tran, Vietnamese women have become more emancipated than in other parts of the region, thanks to Vietnam's long history to stand up for itself, and women's active role in doing that.
Notwithstanding the difficulty in recruiting more women in the area, which involves a lot of outdoor work, moving from stall to stall, Tan Hiep Phat still works hard to ensure we offer women the same opportunities as men.
"We try to encourage THP employees to understand that failure is all around us, and there is no reason to be afraid of it. It is something we should respect and try to learn from. ", said Tan Hiep Phat Group Deputy CEO Phuong Uyen Tran.
Tan Hiep Phat Group Deputy CEO Phuong Uyen Tran said the group have spent lots of time reaffirming that Dr.Thanh is not interested in "yes" people citing ripostes saying "If you agree with me all the time, then one of us is unnecessary."
Phuong Uyen Tran, Tan Hiep Phat Group Deputy CEO, gave two main reasons why Vietnamese find teamwork particularly difficult.
Tan Hiep Phat Group Deputy CEO Phuong Uyen Tran cited the biggest mistake that Western companies made when entering Vietnam as "to try instilling a sense of teamwork."
Transparency, control and discipline are the very important keys to Mr. Thanh Quy Tran to cope up with biggest changes and challenges of THP since the turn of the century.
"Aside from making our processes more efficient, the overhaul has also freed up my father's time.", said Tan Hiep Phat Group Deputy CEO Phuong Uyen Tran.
"Creating a proper board of directors enabled us to create a structured conversation to enhance the company's decision-making.", said Tan Hiep Phat Group Deputy CEO Phuong Uyen Tran.
"For us, the value in constantly assessing the present to develop innovative ideas for the future is critical to the company’s health and success", said Tan Hiep Phat Group Deputy CEO Phuong Uyen Tran.
"Computerization is one area where it does not pay to cut corners. It represents a once-in-a-lifetime transition for companies when they reach a certain size. It is critical to make it watertight", said Tan Hiep Phat Group Deputy CEO Phuong Uyen Tran.
"Technology was a tool that would give him better visibility over what was happening at the company", Tan Hiep Phat Group Deputy CEO Phuong Uyen Tran shared about her father's vision to ensure transparency and consistency across the THP.
"This system (Distribution Management System - DMS) has vastly improved our logistics and market intelligence (MI). It has made it far easier to detect patterns and improve efficiency", said Tan Hiep Phat Group Deputy CEO Phuong Uyen Tran.
The immediate success of Zero Degree Green Tea helped Tan Hiep Phat exceeded its twelve-month sales target within two months, following by many competitors followed suit by jumped into the market.
While the trade embargo prevented Vietnamese businesses from buying US products and elsewhere, Thanh Quy Tran came up with the idea of forcing water through the fabric from US Army hammocks. Thanks to this, his first business had not been disrupted.
With the ability to rebalance and detoxify the body after excessive eating, Dr. Thanh Herbal Tea was, in the first place, launched in the run-up to Lunar New Year. Since then, the tea has been seen at family banquets, and very common to see bottles of it at weddings and other big social gatherings as well.