Promoting the strength of solidarity, creativity and bravery of Vinatex
On December 24, 2021, the Vietnam National Textile and Garment Group (Vinatex) held an online conference to review the Party’s work and production and business activities in 2021 and implement the 2022 plan and tasks of the Culture Agency. Vinatex room.
Overview of the Conference at the Group’s office in Hanoi
Attending the conference were Mr. Le Tien Truong, Secretary of the Party Committee – Chairman of the Board of Directors of Vinatex; Mr. Cao Huu Hieu, Deputy Secretary of the Party Committee – General Director of Vinatex; Mr. Le Nho Thuong, Deputy Secretary of the Party Committee – Chairman of the Vietnam Textile and Garment Trade Union; Mr. Nguyen Ngoc Cach, Secretary of the Party Committee of the Group’s Office in Hanoi; Comrade Vu Thi Thuy Duong, Secretary of the Party Committee of the Corporation’s Office in Ho Chi Minh City. Ho Chi Minh City; leaders of the Executive Agency, functional departments of the Group and all Party members and employees of the Group’s Office.
In 2021, in the context of being affected by the outbreak of the Covid-19 epidemic with a new strain spreading quickly and complicatedly, many localities have to implement social distancing according to directives 15 and 16 of the Government. Traveling is difficult, employees have to work online and alternately, causing a lot of pressure on the activities of the Party Committee, Office 2 of Vinatex.
However, thanks to the timely direction of the Party Committee, Board of Directors and Executive Body of the Group, the Party Committee of the 2 Offices of Vinatex has well promoted its role of advising the Party Committee, the Group’s leaders and directly. leading a team of party members, employees of agencies and affiliated units to actively carry out the Group’s political tasks. The ideological and political education of the Party Committee of the Office has created stability and high consensus on ideology, awareness and action among officials, party members and employees. The Executive Committee has a high consensus, has moral qualities, has a healthy lifestyle, and always adheres to the Party’s guidelines and policies, and the laws of the State.
Regarding the work tasks in 2022, the Party Committee of Office 2 of Vinatex will continue to implement Directive 05-CT/TW of the Politburo. Strengthen propaganda so that employees can stabilize their thoughts and work together with businesses to overcome difficulties in the situation that the Covid-19 epidemic has not been controlled. Develop a plan and implement the branch congress for the 2022 – 2025 term in the entire Party Committee of the Corporation. Organize professional training on party work for grassroots members and secretaries of branches. Send party members to attend intermediate political classes. Continuing to popularize and thoroughly grasp the guiding views of the Resolution of the Party Congress at all levels for the 2020-2025 term; direct the implementation of practical emulation movements in production labor in order to improve the spiritual and material life for all cadres, party members and employees…
At the conference, Mr. Pham Van Tan, Deputy General Director of Vinatex reported on business results in 2021 and implementation of the 2022 business plan of the Parent Company – the Group. Accordingly, in 2021, thanks to forecasting market movements and promptly providing scenarios to respond and handle arising situations quickly and effectively, the Group’s business results have achieved outstanding results. business results are very impressive with: Consolidated revenue is estimated at 16,436 billion dong, equaling 110.7% of the same period last year; Consolidated pre-tax profit was estimated at 1,260 billion dong, equaling 212.3% over the same period, reaching 180% of the plan. Nearly 70% higher than in 2019 before the pandemic; Accomplish pre-pandemic recovery goals with much higher targets.
Contributing to the overall results of the Group, the Parent Company – the Group has achieved high results with an estimated revenue of VND 1,547 billion, profit before tax estimated at VND 294 billion.
In 2022, the parent company’s business plan is expected to be submitted to the general meeting of shareholders with revenue of VND 1,700 billion and profit of VND 317.5 billion. To achieve the above goal, the Parent Company – the Group has assigned specific tasks to groups of branches, group of 100% capital of the Group and group of controlling units. In addition, in order to build a sustainable foundation, the Parent Company will organize the implementation of four pillars in terms of market, production management, human resources and financial work.
Speaking at the conference, Mr. Le Tien Truong, Secretary of the Party Committee – Chairman of the Board of Directors of Vinatex highly appreciated the approach of the Executive Agency in the closing meeting of the Parent Company. The analysis results in the past period show that the structure of the Parent Company has changed. In 2018, although the results of the Parent Company were high, it had to maximize dividends from the Group’s capital contributors. Although the results in 2021 are lower than in 2018, 45% of which is made by the Parent Company and this year’s dividend mobilization from subsidiaries is only 35% compared to 2018. “This is different. great difference of the Group in the recent development time”, emphasized Mr. Truong.
Commenting on the Party work of 02 Party Committees in recent years, Mr. Truong said that these are 02 Party Committees that do not have the same level of government, so the political tasks are not clear between the tasks of the Parent Company – the Group. union with its own mission. Therefore, the main work of Party building is the charter, ensuring the Party’s regulations and developing the Party. The Standing Committee of the Party Committee of the Group will have its own assessment in the meeting of the Standing Committee and the Executive Committee to classify the 2 Party Committees.
Also at the conference, Mr. Le Tien Truong presented the views, plans and strategic orientations of the Board of Directors as well as the assessment of the Board of Directors on the operation in 2021 and the plan for 2022.
Concluding the conference, Mr. Cao Huu Hieu, Deputy Secretary of the Party Committee – General Director of Vinatex, said that in 2021, the revenue and profit indicators of the Parent Company exceeded the plan, in which profit profits increased by more than 46%. Especially, consolidated profit has outstanding growth, up to 80%. 2021 is also the first year the Group’s consolidated profit exceeds the trillion dong mark. The results in 2021 clearly show the Group’s initiative in production and business. “This shows that, in addition to the efforts of the leaders and employees, it is necessary to affirm that the investment orientations in the recent period of the Group are absolutely correct,” emphasized Mr. Hieu.
In the coming time, the Executive Agency and all employees of the Group Office should strive to perform the following tasks well:
- Continuing to promote Vinatex’s tradition of solidarity and creativity, focusing all resources to successfully realize the Group’s strategic goals in the coming period, that is: “Becoming a destination, capable of providing meet the needs of corporate customers in the global supply chain. Step by step rising up the value chain of the design and brand value chain”.
- Building a corporate culture in which Vinatex is a common house in which each member is proud and loves his or her home, strives, dares to think, dare to speak, dare to do, dare to take responsibility, with the hope want to build a growing and strong common house.
Each member of Vinatex always has a sense of proactive learning, constantly striving to improve themselves; change the way of thinking, working, saving time and improving work efficiency. Leaders consciously create conditions and opportunities for young staff to develop their full potential, create new and creative ways in performing previously traditional jobs.
In 2022, the epidemic situation continues to be very complicated, the market is still unstable. However, with the wise direction of the Party Committee of the Group, the close leadership of the Board of Directors and the Executive Body, with the spirit of determination to overcome difficulties, promote the collective strength, especially the creative power that does not exist. With the end of young staff, Vinatex expects to continue to have a brilliantly successful 2022, successfully implementing the set goals.
Vietnam’s textile-garment export revenue is expected to reach 39 billion USD in 2021.