In 2023, Viet Tien aims to achieve revenue of 8,030 billion VND.

In 2023, Viet Tien Garment Corporation set a target of achieving revenue of VND 8,030 billion, pre-tax profit of VND 200 billion, and average employee income of VND 11.5 million/person/month. Reporting at the 2023 Annual General Meeting of Shareholders, Mr. Bui Van Tien, General Director of Viet Tien Garment Corporation, stated that in 2022, the Corporation had fulfilled its production and business targets as set forth in the 2022 Annual General Meeting of Shareholders and the Board of Directors. Specifically, revenue reached VND 8,462 billion, exceeding the plan by 30% and the same period last year by 40.9%; pre-tax profit reached VND 209 billion, exceeding the plan by 39.5% and the same period last year by 108.5%; average income reached over VND 11.3 million/person/month, an increase of 22.6% compared to the same period last year; and the expected dividend was 25%. In 2023, with the domestic and global economic situation projected to remain challenging, maintaining stability in the workforce, market, and customer base, ensuring employment for workers, and sustaining production activities are the key priorities for the Corporation. In 2023, Viet Tien aims to achieve revenue of VND 8,030 billion (95% of 2022); pre-tax profit of VND 200 billion (96% of 2022); and average employee income of VND 11.5 million per person per month. Speaking at the General Meeting, Mr. Vu Duc Giang – Chairman of Vitas and Chairman of the Board of Directors of Viet Tien – stated: “In the coming period, Viet Tien will implement a human resource development strategy, reorganize and restructure the management model of the Corporation, and simultaneously accelerate financial restructuring to ensure cash flow for operations throughout the entire system. We aim to diversify markets, product lines, and customer segments. We will develop technological solutions, digital management, and management software to create transparency and timely control over the activities of the parent company and units throughout the system.” Mr. Le Tien Truong – Chairman of the Board of Directors of Vinatex – noted that Viet Tien will face many difficulties during the 2023-2027 term. Changes in behavior and product focus for the Vietnamese textile and garment industry will not align with Viet Tien's strategic strengths, requiring the company to flexibly adapt to a market and niche product segment that is completely different from before. For the 2023-2027 term, Viet Tien Garment Company needs to focus on developing its human resources in a streamlined and efficient manner, with competitive compensation packages to attract high-quality personnel… The General Meeting heard reports on the results of production and business activities and the financial statements of the Corporation for 2022; unanimously voted on the distribution of profits and the allocation of funds for 2022; and the proposal on selecting an independent auditing firm for the financial statements for 2023… Also on this occasion, the General Meeting elected a Board of Directors consisting of 5 members, with Mr. Vu Duc Giang as Chairman of the Board of Directors of the Corporation; and elected 3 members of the Supervisory Board, with Ms. Thach Thi Phong Huyen as Head of the Supervisory Board for the 2023-2027 term. Source: https://tapchicongthuong.vn/nam-2023--viet-tien-dat-muc-tieu-dat-doanh-thu-8-030-ty-dong-104730.htm