After 2 years of huge losses, Vinasun (VNS) appointed a new General Director in the context of “profit at all costs”
After the annual meeting at the end of April, Anh Duong Vietnam Joint Stock Company changed its leadership. Specifically, Permanent Deputy General Director Ta Long Hy, who has been with Vinasun for 17 years, has just been appointed General Director for the 2022-2027 term, replacing her predecessor, Ms. Dang Thi Lan Phuong.
Ms. Phuong will hold the position of deputy general director in charge of finance – accounting and has the right to sign payment documents, credit contracts, invoices and financial statements on behalf of Mr. Hy…
Born in 1951, Mr. Hy joined Vinasun in 2005 with the initial position of Head of Administration Department, then became the operator of the taxi business before holding the position of Member of the Board of Directors cum Standing Deputy General Director. Mr. Hy is also the Chairman of the City Taxi Association. Ho Chi Minh City for more than 10 years.
According to VnExpress, After taking office, Mr. Hy affirmed that the goal of cutting losses would come true because business results were on the rise. “I guarantee Vinasun shares will not be delisted“- Mr. Hy said.
After 2 consecutive years of losses, in order to avoid the decision to cancel the listing of shares from the Ho Chi Minh City Stock Exchange, the replacement of the general director was decided by Vinasun in this period of the enterprise with the goal of “making profit at all costs”. .
Looking back before, Vinasun’s business results started to grow negative since 2017, culminating in the two most recent two years 2020 and 2021, the company’s loss was 211 billion dong and 278 billion dong, respectively. VNS’s accumulated tax loss by the end of 2021 is VND 471 billion.
According to the regulations, if the company has business results with loss for three consecutive years, the shares will be delisted. Therefore, Vinasun’s set of profitable business results this year shows the determination of the management at all costs to not be delisted. Specifically, in 2022, revenue is planned to increase by 28% compared to the previous year, reaching nearly 641 billion VND. The enterprise aims to break the chain of losses with the target of NPAT reaching more than 27 billion dong.
In this year’s business plan, Vinasun’s management said it would invest about 156 new cars and cooperate with external partners to develop 150 more vehicles. The company expects to have a fleet of 2,620 vehicles by the end of this year. The company will focus on restoring market share in Ho Chi Minh City, Binh Duong and Dong Nai, and find opportunities to shake hands with partners in the fields of transportation, technology, consumption and payment businesses.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
