Workshop on Risk Assessment at Hoa Tho Textile and Garment Corporation
21-12-2017
On 15 & 16/12/2017, in Da Nang City, Hoa Tho Textile and Garment Corporation held a workshop to evaluate risks management for key staffs of the Corporation. The workshop was attended by leaders of Vietnam Textile and Garment Group, representatives of Ernst & Young Vietnam Limited (EYVN).
Under the project "Strengthening management and corporate governance" of the Vietnam National Textile and Garment Group, the topic of Risk Management has been implemented in the parent company and 3 subsidiaries are General Hoa Tho Textile Joint Stock Company, Phu Bai Spinning Joint Stock Company and Dong Xuan Knitting One Member Co., Ltd.
Risk management is one of the essential management tools in business. Following the steps taken to clarify the key risks in the three subsidiaries, Hoa Tho Textile and Garment Corporation is the first pilot organization. Risk management workshop aims to identify the Identify the consequences of the risks involved, review existing control measures, and develop a risk management action plan to form a risk management framework for risk management. each working position, each department to the leading positions of the company. Hence, holding a workshop at Hoa Tho Textile and Garment Corporation to gain access to international risk management knowledge is the first step for the Group to implement risk management at its parent company. The Group and its affiliates are in great need.
Mr. Le Tien Truong - General Director of the Group delivered his speech at the conference
Addressing the workshop, Mr. Le Tien Truong - General Director of the Group made the meaning, purpose and importance of risk management. This is the job of everyone in the Corporation. We identify risks to manage, deal with and accept risky considerations. Applying Risk Management to increase the quality of management in accordance with the principle does not increase the management apparatus and slow the pace of work settlement. The likelihood of risk and the degree of risk exposure depend on business, technology, and human factors. Therefore, risk management needs to be done dialectically, not to apply machinery to achieve the best results in corporate governance.
With the sincere and enthusiastic participation of all managers and executives of the Corporation, risks are identified in all activities from development strategy, business strategy, productive activities. investment, especially investment in human resources and labor ... have been discussed, linked and synthesized to propose specific solutions and action plans.
Mr. Nguyen Duc Tri - General Director of Hoa Tho Textile and Garment Corporation delivered a speech at the conference
Workshop summary Mr. Nguyen Duc Tri - General Director of Hoa Tho Textile Joint Stock Company, summarizes the workshop: After a month of implementing the process of risk management in a corporation with the direct participation of Group leaders and EYVN consultants, we see the picture of the Corporation's risk management to develop action plans to minimize risks and minimize the consequences. This is not only the task assigned by the Group to the corporation, it is also an intangible asset which helps the Corporation to develop production and business activities of the Corporation more sustainably. Through the workshop, we have lessons learned from business management knowledge to practical activities need to interact in the production and business functions. Receiving comments from the leaders of the Group and comments of the EYVN consultant, the Corporation will be determined to implement the risk management is a daily activity and will immediately implement the action plan to reduce. Risks for better efficiency.
Source vinatex.com
