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Enterprises

Last updated: Monday, October 23, 2017

 

Tin Nghia Corporation: Overcoming Hardships, Stabilising Development after Going Public

Posted: Tuesday, October 03, 2017


In 2016, despite ongoing economic hardships, Dong Nai province-based Tin Nghia Corporation made great efforts to achieve its business plans. The corporation earned total revenue of VND10,774 billion (16 per cent higher than the full-year plan), a profit of VND219 billion (51 per cent higher than the plan) and paid VND281 billion to the State Budget (181 per cent in excess of the plan).

Not only having impressive business results, Tin Nghia Corporation has also been recognised and highly appreciated by the business community. In 2016, the corporation continued to rank among the Top 500 largest enterprises in Vietnam and honoured the “Vietnam Value” recognition as a national brand of Vietnam, “National Quality Award” and “Enterprise for Employees Award”.

In export, in 2016, Tin Nghia exported 127,000 tonnes of coffee for US$223 million, ranking second among Top 10 coffee exporters in Vietnam. Tin Nghia Corporation has been always recognised as a leading exporter by the Ministry of Industry and Trade since 2003. More importantly, the corporation has made great contributions to stabilising socio-economic performance and providing employment for local labourers.

In addition to coffee export, Tin Nghia Corporation’s petroleum business also plays an important role in the petroleum retail market in Dong Nai province and other localities. Tin Nghia Petrol & Oil Joint Stock Company is the top petroleum retailer in Dong Nai province with 42 filling stations in all districts. At present, Tin Nghia Corporation is investing in Phu Huu-Nhon Trach Petroleum Depot Project in a bid to build an integrated petroleum trading system, starting from direct importation to distribution to consumers. Under the business motto “Right in quality - enough in quantity - civilised - polite”, Tin Nghia petroleum brand is increasingly trusted by customers.

Industrial parks managed by Tin Nghia Corporation currently have nearly 250 investors with a total capital of more than US$5.3 billion. In 2016, its industrial parks attracted 38 investors with a combined investment capital of over US$200 million, making Tin Nghia Corporation one of the best destinations for investors in Dong Nai province.

With its prominent advantages in the strategic location of the southern key economic zone, logistics is also an effective business of Tin Nghia Corporation. Currently, the corporation has focused on developing port, warehousing, multimodal transport and logistics services. Its business concerns include Bien Hoa ICD, Dong Nai ICD and a river port in Bien Bien Industrial Park. Bien Hoa ICD is carrying out an expansion project in Nhon Trach with the desire to bring greater satisfaction to customers through service delivery and cost optimisation.

After its successful equitisation, customers and the market have a good view of the reputation and brand name of Tin Nghia Corporation. This is also a chance for Tin Nghia Corporation to strengthen its reform in administration and development strategy construction towards sustainable development of its main business lines and fields.

In 2017 and the subsequent years, Tin Nghia Corporation will continue to promote sustainable production and business, improve competitiveness, focus on fostering and developing human resources, and take better care of the spiritual and material life of employees. At the same time, the corporation will continue to play an active role in social and charitable work to ensure the sustainable development of Tin Nghia brand and contribute more to national reform.

PV








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