Business Performance Efficiency at Thanh Canh Insulation Co., Ltd., Tay Ninh Province

Abstract

In the increasingly competitive market for insulation and protective materials, industrial manufacturing enterprises face growing pressure to modernize technology, control costs, and enhance operational efficiency to maintain competitive advantages. This study evaluates the business performance of Thanh Canh Insulation Co., Ltd. during the period 2022–2024 by systematizing theoretical foundations related to business efficiency and analyzing key indicators associated with production, finance, markets, and resource utilization. The findings indicate that the company successfully maintained its core product lines and achieved financial recovery in 2024; however, its overall performance remains constrained by several limitations, including an imbalanced product structure, low levels of automation, declining domestic revenue, rising inventory and receivables, and suboptimal capital efficiency. Based on these results, the study proposes six groups of strategic solutions to enhance operational efficiency: optimizing the product structure, upgrading production technologies, expanding markets, developing human resources, improving cost management, and strengthening financial governance. These solutions are expected to support the company in improving its competitiveness and moving toward sustainable development.