April 28, 1818, in the Hall of Company No. 7 Le Minh Xuan, Ward 7, Tan Binh District, HCM, Viet Tien Garment Corporation (Viet Tien) has held the General Assembly of Shareholders for the term of 2018-2022, to report the results of production and business in 2017 and strategic orientation in 2018, copper Time for the Board of Directors, Supervisory Board for the term of 2018 - 2022.

In 2017, despite many difficulties as the export market is not stable, the planning of goods for a number of categories are still difficult. Criteria of customers are often high requirements, so the Corporation is always in the right position to improve. In addition, the domestic market has not recovered, the purchasing power of consumers is poor ... but with the determination, effort of the management team and all staff, Viet Tien has achieved impressive results, Revenue reached VND8,360 billion, up 13% y / y and exceeded 7% of the full year target. Pretax profit was VND358 billion, up 4% y / y and surpassing 2% of the year target set by the AGM. Profit after tax reached nearly 296.6 billion. Thanks to the application of LEAN production technology and intensive investment in specialized machinery and equipment, the productivity of the Corporation and its units has been maintained and improved. . The average income of laborers is VND 8,970,000 / person / month, increasing by 2% compared to 2016, ensuring employment and living standard of laborers. Expected dividend payout ratio of 35%.

During the year, the Corporation implemented the project of Viet Long Hung in Go Cong town, Tien Giang province, with the scale of more than 10,000 employees. This is a typical project for sustainable development, the highest international standard of American architecture Leed Platinum. This project and other investment projects in the whole system are applied science and technology 4.0 and operating system 2.0.

In addition, the company has been trying to find the orders to maintain production stability, production resources planning stable for the new units operating. The Corporation's market share in Japan is 32%, the US market is 22%, the EU market is 17% and other markets are 29%.

In 2018, Viet Tien set a revenue target of 8.4 trillion dong, profit before tax of 360 billion dong and average income of 9 million dong per month. Continuing to launch labor movement for production monthly and quarterly. Comprehensive savings, reasonable improvement, specialization of production, application of advanced production management technology throughout the system. To closely associate with universities to train human resources for investment projects to expand production of the Corporation and its member units. Implement in-depth investment with special machinery and equipment, application of new production technology, application of scientific technology 4.0 and 2.0 operating system into production, management, management warehousing, planning and product design.

In the year 2018, Viet Tien plans to spend VND600 billion to invest to repair and upgrade the working environment; fabricated and repaired the finished products at 20 Ba Gia and 259 Hoang Van Thu, Tan Binh Dist. and merged two garment factories 1 and 2.

Viet Long Hung Factory in Go Cong Town, Tien Giang Province will put into operation the entire phase 1. This project is expected, contributing a huge profit to Viet Tien. Phase 1 has invested 2,000 workers and is expected to invest 6,000-7,000 laborers in the second phase. Viet Hung Hung is one of the only projects that have been completed and evaluated by customers as a key project of Viet Tien Garment in the future.

On behalf of the Board of Directors, Vu Duc Giang - Chairman of the Vietnam Textile and Garment Association, CT. The Board of Directors of Viet Tien Garment Corporation has reported the results of the term 2013-2017 and strategic orientation for the term 2018-2022. BoD Vu Duc Giang stressed, the term of 2018 - 2022, Viet Tien continues to affirm its role in the market in and outside the country. To maintain stability and consolidation of the operation of the parent-subsidiary company with large scale with automatic production technology, advanced equipment, modern energy saving. The term of 2018 - 2022 Viet Tien aims to invest 1,500 billion VND, the focus is on the project of Viet Long Hung Garment Industrial Group in Go Cong town, Tien Giang province with more than 10,000 employees. expand the Corporation in the future ... The average annual growth target in the 2018 - 2022 period of the Corporation from 5% to 6%.

The General Meeting approved the financial statements of the Board of Supervisors in 2017; Report of the Board on the results of 2017, the term of 2013 - 2017 and development orientation in the new term; Report on distribution of profits and deduction for setting up funds according to the charter ... 100% of shareholders attending the meeting voted unanimously the resolution of the General Meeting.

The congress also elected the Board of Directors for the term of 2018-2022 consisting of 5 members, Vu Duc Giang holds the position of CT. Boi Van Tien - General Director and 03 members of Supervisory Board, Ms. Thach Thi Phong Huyen - Head of Supervisory Board.

Source vinatex.com