On May 29, 2018, in Hung Yen, Pho Noi Textile and Garment Infrastructure Development Joint Stock Company (VinatexID) held the 2018 Annual Shareholders' Meeting to consider approving the Business Operation Report 2017 and the operation plan for 2018.

Attending the meeting is represented by Shareholders of 100% of the voting shares of the Company. The Congress also reviewed and commented on the preliminary report on the implementation of the Industrial Zone II project to evaluate, draw experience and prepare resources for the new phase of the company.

In 2017 VinatexID's total revenue reached 249,822 billion VND, surpassing 36% of the plan, profit after tax reached over 57 billion VND, exceeding 70% of the plan, 70% dividend payment of 233%. Thus, from 2015 up to now, the total value of dividends received by shareholders has reached 110% of par value.

It is expected that by the end of 2018, the Company will complete the investment and exploitation of the entire area of ​​Pho Noi Textile and Garment Industrial Zone in the second phase, with the above-mentioned results: Total revenue and price the average increase in sales is expected to be 12%, the total cost is reduced by more than 10% and completion of identification, deduction, recognition of important expenses of the project.

The management of the wastewater treatment plant and the investment in upgrading the industrial park wastewater treatment plant have been successful. After nearly one year of operation, Efficient waste water treatment, meet the increasingly stringent requirements on the environment, ensure the progress.

The General Meeting of Shareholders agreed on the policy of boosting investment in the project of housing workers in the scale of 6.3ha adjacent to Industrial Park to ensure social security for employees, efficiently exploit capital Strengthen the revenue and sustainable development for the business community in IP.