On the morning of April 22, Vinh Phuc Water Supply and Drainage Joint Stock Company No. 1 held the 2025 Annual General Meeting of Shareholders.
The representative of the Company's Board of Directors reported on production and business results in 2024 and directions and tasks for 2025.
In 2024, the Board of Directors and the Board of Management of Vinh Phuc Water Supply and Drainage Joint Stock Company No. 1 will closely follow the political tasks assigned by the province and the Resolution of the Shareholders' Meeting, proposing many solutions to actively exploit capital sources to expand the scope of operations, replace and install additional poor quality pipelines, expand the water supply area, and meet the increasing needs of people and business operations.
The company invested in expanding the water supply system in Vinh Yen city and a number of water supply projects in the province; completed the clean water supply system in Duy Phien commune; renovated Ngo Quyen water treatment station, Vinh Yen water plant; renovated and increased the capacity of Tam Dao water plant, Lap Thach water plant and a number of projects and pipelines for enterprises in industrial parks...
Thanks to that, the company has attracted nearly 3,000 new customers, bringing the total to nearly 50,000 customers. Clean water output reached more than 20.7 million m3, up 4.5% compared to the plan, up 7% compared to 2023; revenue reached more than 221.8 billion VND, up 5% compared to 2023; profit after tax reached more than 6.5 billion VND; average income of employees reached 12.8 million VND/month, up 5% compared to 2023; paid to the State budget more than 21.3 billion VND, up 11.8% compared to 2023 and paid part of the loan capital on schedule.
The Congress voted to pass the Resolution of the 2025 Annual General Meeting of Shareholders.
In 2025, the company will continue to expand the water supply pipeline network; renovate and replace pipelines in Vinh Yen city, Tam Dao district, Binh Xuyen district; install a monitoring system to monitor water resources and quality at Vinh Yen Water Plant, Viet Xuan Water Plant; build a 2,000m3 clean water tank at Kim Long Booster Station; construct clean water pipelines for Gia Khanh town, Quat Luu commune (Binh Xuyen); clean water pipeline system for An Hoa commune, Hop Hoa town (Tam Duong); clean water pipeline for the Provincial Mental Hospital; HDPE Dn 225 pipeline supplying water to BHFLex Vina Company Limited (Workshop 4)...
Continue to renovate, upgrade and install additional water supply pipelines for industrial parks in the province... Develop more than 2,200 new customers; total revenue reaches more than 223 billion VND; water consumption reaches more than 18.5 million m3; loss rate maintained below 11.6%; budget contribution 17 - 18 billion VND/year; ensure jobs for 260 workers with an average income of approximately 13 million VND/person/month; after-tax profit reaches 11 - 12 billion VND/year. The company's Party Committee achieves exemplary clean and strong status, the company's government and unions achieve strong status.
The Congress voted on the remuneration of the Board of Directors and the Board of Supervisors of the company in 2025, and voted to pass the Congress Resolution.
News and photos: Xuan Hung
Source: https://baovinhphuc.com.vn/Multimedia/Images/Id/127104/Construction-of-Water-Supply-Party-No.-I-Vinh-Phuc-Annual-Consultancy-of-Co-Partners-2025
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