By building perfect development strategies and speeding up the development of products with high competitive edges, Saigon General Service Corporation (Savico) has made impressive breakthroughs. Savico’s President and General Director Nguyen Vinh Tho asserted: “With its acumen and positive solutions in business activities, we will overcome all difficulties and challenges to become a leading investor in the country and in the region by 2015.”
After 29 years of construction and development, SAVICO has become a well-reputed brand. How have these achievements meant to the process of economic development of SAVICO in particular and Ho Chi Minh City in general?
As an innovative pioneer in Ho Chi Minh City with automobile, motorcycle and tourist services, through its construction and development process, SAVICO has quickly become a strong name in the fields of services - trading, real estate service, and financial service. Service - trading is the core business.
Since 1998, SAVICO has focused its investments on building and developing distribution agent chains and providing services for prestigious brands like Toyota, Ford, GM Daewoo and Suzuki. Besides, the corporation has developed real estate projects and invested in key service sectors such as banking, post and telecommunications. With its tireless efforts to professionalise all operations, SAVICO has continuously made impressive growth over the past years. In 2010, revenues of the total system were VND6,524 billion; and profit before tax was VND159.9 billion.
SAVICO has honourably won the Top 100 Vietnam Gold Star Award in four straight years (from 2007 to 2010); recognised as the “Prestigious Securities Trademark” and “Leading Vietnamese Joint Stock Company” by the Vietnam Securities Business Association (VSBA); and won the Vietnam Strong Trademark in five consecutive years (from 2006 to 2010). Specially, SAVICO was also rated one of 500 largest enterprises in Vietnam and one of fastest-growing companies in Vietnam (Fast 500). Through the trust of partners and customers in couple with a variety of prestigious awards, SAVICO confidently asserts the value of a strong brand in the business community and actively contributes to the cause of socioeconomic development of Ho Chi Minh City.
Could you tell exceptional features of SAVICO’s products and services?
SAVICO is known as a car service supplier in Vietnam as well as a leading motorcycle service provider in Ho Chi Minh City and the Mekong Delta region. Specially, the corporation is a pioneer in trading used vehicles in a professional manner.
The SAVICO network is built in line with international standards. Employees are provided professional training skilful workmanship. Furthermore, we always attach importance to improving sales and after-sales service quality. In addition, incomparable and outstanding prominences of SAVICO’s supply chains to other peering units are the company always puts the customer satisfaction as the target of the company.
What strategies will the corporation take to improve the competitiveness in the near future?
In the period from 2010 to 2015, with vision to 2020, SAVICO will continue building up and strengthening its foothold in three main areas and expanding operational scales. Specifically, SAVICO strives to become a powerful investor in the country and in the region by 2015 and the world by 2020. To realise this goal, we will focus on developing human resources in combination with fostering professional training, codes of conduct, and corporate culture.
In the near future, particularly in 2011, we will concentrate on improving the quality of corporate governance in all aspects, specially risk management system and personnel development for 2012. Besides, SAVICO has registered its trademark and logo in 32 countries worldwide. The corporation also calls for partners and investors interested in the automobile and motorcycle industries in Vietnam to join forces to develop these industries.
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