Sonadezi Corporation: Boosting Performance and Social Responsibility

9:16:13 AM | 2/20/2013

Despite economic slump in 2012, Sonadezi Corporation managed to outdo business plans with revenue of VND2,552 billion (10 per cent higher than the yearly plan), pay tax of VND219 billion (5 per cent more than the plan), and ensure the average individual income of 6,000 employees at VND6.05 million a month. Sonadezi exceeded annual targets of all business lines by 14 - 18 per cent.
Enhancing investment and environmental protection
On investment attraction, in 2012, Sonadezi-owned industrial zones housed 32 fresh projects, including 25 FDI ​​projects and seven domestic projects, an increase of 14 projects from 2011. Total investment capital in the year valued at US$163.6 million, an increase of 83 per cent over 2011. The new tenants rented 43.17 ha of industrial land and 3.69 ha of factories. New investors came from Japan (10 projects), South Korea (6), Vietnam (7 projects) and other countries (9).
 
Mr Chu Thanh Son, Deputy General Director of Sonadezi Corporation, said, in 2012, investment from Japan tended to increase sharply, making this country the biggest investor in Sonadezi-run industrial parks. In addition, South Korean companies also invested six projects in Sonadezi-run industrial zones, showing a sign of potential new investment and expansion from this group of investors. According to Sonadezi, in 2013, a wave of Japanese investment capital will flow into Sonadezi’s industrial zones. Investors from South Korea and Singapore will increase investment capital or projects. European and Vietnamese companies are expected to invest more in 2013.
 
Together with investment attraction efforts, Sonadezi Corporation and its member units pay due attention to centralised wastewater treatment plants inside industrial zones to treat wastewater and protect the surroundings. Currently, Sonadezi has 10 industrial parks with centralised wastewater treatment plants, or 91 per cent, and one is building a centralised wastewater treatment plant. To date, the total construction cost for centralised wastewater treatment plants is VND269.211 billion.
 
The total capacity of centralised wastewater treatment plants is 35,300 cubic metres a day. In addition to the now underway facility in Thanh Phu Industrial Park and expansion of existing facility in Long Thanh Industrial Park by 5,500 cubic metres a day, the total net capacity is 22,397 cubic metres a day. Centralised wastewater treatment plants are running stably and meet environmental standards.
 
At present, six industrial zones have installed automatic post-treatment monitoring systems (55 per cent), including Bien Hoa 2, Bien Hoa 1, Long Thanh, Nhon Trach, Giang Dien and Amata. Go Dau Industrial Park is installing this apparatus. Four remaining industrial zones have not installed automatic post-treatment monitoring systems, namely Dinh Quan, Xuan Loc, Suoi Tre and one underway project. Five industrial parks (Bien Hoa 2, Bien Hoa 1, Nhon Trach and Amata) already completed data transmission from automatic post-treatment monitoring systems.
 
Many key investment projects
In 2012, Sonadezi Corporation endeavoured to implement key projects in the face of economic slowdown, including Bien Hoa 1 Industrial Park’s function change project, Hoa An Bridge project, Giang Dien Industrial Park, Chau Duc Urban Zone, Road 768, Quang Trung waste treatment area in Thong Nhat district, Thanh Phu Industrial Park, Nhon Trach water supply system in the first phase, Thien Tan water supply system in the second phase, and Nhon Trach water supply system in the second phase.
 
Presently, Sonadezi Corporation and its member units are carrying out 64 projects engaged in core business, including 12 industrial zone construction and infrastructure development projects; 20 residential, commercial and market construction projects; four road and bridge construction projects; five mining projects; six port construction projects; 15 water supply projects; and two other projects. As of the end of 2012, 36 projects have gone in operation, accounting for 56 per cent of total projects. The total investment capital for these 64 projects amounted to nearly VND21 trillion (nearly US$1 billion), of which VND1,673 billion capital was disbursed.
 
In spite of potential hardships for 2013, Sonadezi is determined to strive to fulfil basic indicators. The corporation expects to rake in revenue of VND2,655 billion, up 4 per cent year on year, make a pre-tax profit of VND367 billion, up 15.95 per cent, attain return on equity (ROE) of 8.48 per cent, up 5.39 per cent, pay VND233 billion to the State Budget, up 6.12 per cent, and pay VND6.24 million for each employee on average, up 3.18 per cent.
Quoc Hung