A transport company aims to increase revenue 10 times by 2030

This morning (August 13th), Construction Company 568 (Company 568) held a conference on its corporate restructuring plan.

Mr. Nguyen Ba Khuong, Chairman of the Board of Directors of Company 568, shared the restructuring strategy at the conference.

According to information presented at the conference, a representative from Company 568 stated that, established in 2005 with a charter capital of 5 billion VND, the charter capital of Construction Company 568 has now reached 700 billion VND. The company's scale has exceeded 1,000 billion VND, and it employs approximately 350 people.

In terms of business structure, the company's core business is construction. Revenue also primarily comes from this sector.

In the investment sector, Company 568 is currently a major shareholder in Hoa Thuan Hydropower Joint Stock Company (owning 99% of the charter capital); and Govina Investment Joint Stock Company (owning 98% of the charter capital).

In addition, Company 568 is also participating as an investor in two major expressway projects: Dong Dang - Tra Linh and Huu Nghi - Chi Lang (with a 15% stake).

While business results have improved year after year, frankly speaking, Company 568 also identifies some existing shortcomings such as: unclear strategic objectives for each stage; traditional management methods; and limited human resources.

Based on that situation, with the support of Deo Ca Group, Company 568 has developed a comprehensive restructuring plan covering the following aspects: organizational model, governance, human resources and human resource development, finance and accounting, internal control, and risk management.

"Through restructuring, the strategic goal is that by 2030, Company 568 will become a conglomerate with at least 5 member units operating in multiple sectors: investment, construction, operation management, production, and commercial trading."

"Expanding our scope of operations, our revenue target for 2025 is 2 trillion VND, with a profit of 60 billion VND. By 2030, we aim for 6 trillion VND in revenue and 300 billion VND in profit," a representative from Company 568 shared.

According to Mr. Nguyen Ba Khuong, Chairman of the Board of Directors of Company 568, over the past 10 years, the company's construction revenue has averaged approximately 500 billion VND per year, but the profit margin has not met expectations. In the future, when the restructuring plan is completed, the company aims for a profit margin of 5-7%.

Mr. Ho Minh Hoang, Chairman of the Board of Directors of Deo Ca Group, shared this at the conference.

As a long-standing strategic partner, Mr. Ho Minh Hoang, Chairman of the Board of Directors of Deo Ca Group, expressed his delight at the strong development of Company 568. Particularly in the construction sector, from an initial dream of participating in projects worth 1,000 billion VND, Company 568 is now aiming for larger projects, worth billions of USD.

"The restructuring demonstrates the strong determination of the leadership of Company 568 in achieving the goal of elevating the enterprise and improving the quality of its human resources."

"The support and advice from Deo Ca Group in the restructuring plan of Company 568 is also part of our strategy to develop sustainably with our partners, jointly investing in transportation PPP projects and venturing into other fields such as railways and digital transformation," Mr. Hoang said.

Based on his experience at the company and his contributions at the conference, Mr. Hoang Quang Trung, Chairman of the Board of Directors of Trung Thanh Investment and Construction Joint Stock Company, suggested that the restructuring plan of Company 568 should also focus on internal control. Doing this well will ensure the business plan is effective, and will generate revenue and profit.

Source: https://www.baogiaothong.vn/mot-doanh-nghiep-giao-thong-dat-muc-tieu-tang-10-lan-doanh-thu-vao-nam-2030-192240813142941722.htm