Thanh Cong Textile Garment Investment Trading JSC was honored in the Top 50 best performance companies in Vietnam 2018
June 27, 2019 at Gem Center-Ho Chi Minh City held the Ceremony of “Top 50 Best Performance Companies of Viet Nam in 2018”. Ranking of the best performance companies in Vietnam 2018 by Nhip Cau Dau Tu Journal cooperates with Thien Viet Securities Company to carry out annually as one of the prestigious activities which are evaluated and verified by experts, domestic and international organizations. The rankings were consulted by many economists and referenced by prestigious rankings of the world such as Bloomberg, Businessweek, Fortune, and Global Forbes to find and honor effective business companies on the Vietnamese stock market.
Top 50 is implemented on the basis of measuring the business results of companies during 3 consecutive years, based on 3 growth indicators: revenue, return on equity (ROE) and profit on stock (EPS). Measurement results to objectively assess the management capacity of enterprises. Thanh Cong Textile Garment Investment and Trading JSC has been honored to be one of companies represent Vietnam textile and garment industry to receive this award.
2018 is considered to be the important transitional year of Vietnam textile industry in general and TCM in particular. In the past year, the Company has achieved the target with VND 3,664 billion in revenue, exceeding 16% of the plan. Profit after tax reached VND 260 billion, 35% higher than 2017 and 37% higher than planned. ROE achieved about 20%. Basic earnings per share reached 4,069 VND, up 35% compared to 2017. In recent years, TCM shares are one of the textile garment stocks with good liquidity and are interested by investors.
Period 2019 – 2020 is predicted to be a year with many opportunities but also many challenges for Vietnam textile and garment industry in the context of China – US trade war, free trade agreement EVFTA, CPTPP signed. To ensure competition in a game with other companies in the same industry, TCM will take advantage of this opportunity to expand investment, improve production efficiency, focus on research and development of new products with superior features, improve management capacity, expand markets, increase revenue and profit aim to bring the best efficiency to shareholders and investors.
In the framework of the program, a seminar with the contents of the macroeconomic forecast 2019-2020, international war and benefits of Vietnamese enterprises, two-generation management thinking and business leaders.