Overcoming difficulties caused by the global economic downturn, Khanh Viet Corporation has fulfilled all targets and kept a stable growth...
Overcoming difficulties caused by the global economic downturn, Khanh Viet Corporation has fulfilled all targets and kept a stable growth.
In recent years, Khanh Viet Corporation has been operating in accordance with the Model "Mother company and Subsidiaries" in many different businesses, including tobacco, packing, textile garment, tourism, breeding – breeding product process, commerce – import export and football. Now the corporation has a mother company, 16 member companies and 6 subsidiaries nationwide.
In the period of 2005 – 2010, production and trade of the corporation have been kept stable and have high grow rates. Specifically, the average grow rates of industrial production value, turnover and profit are 4.3% per year, 8.9% per year and 7.5% per year, respectively.
Of Khatoco’s businesses, tobacco industry continues being the main one, creating the firm assurance for Khatoco rising to the new higher levels during its growing stages. The cigarette sale in 2010 is expected to be 696.4 million of packs, rising by 2.9% per year from 602.6 million of cigarette packs in 2005. According to the National Tobacco Association, till end 2009, Khatoco’s cigarettes make up 16.2% of the total productivity of tobacco in the country.
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| National Assembly Chairman Nguyen Phu Trong visits Khatoco Tobacco Factory. |
Packing also sees a firm development during the past years. In the period of 2005 – 2010, its annual turnover and profit have risen by 24.3% per year and 36.5% per year. Additionally, other businesses such as textile garment, tourism – hotel, breeding – breeding product process and export – import have earned good profit for the corporation.
Beside promoting production, Khanh Viet Corporation has paid attention to investment. Its investment value in the period of 2005 – 2010 is VND828 billion, focusing on tobacco industry, packing and infrastructures for breeding and breeding product process. Accordingly, the capital and property of the corporation has increased incessantly. Till 2010, the corporation has equity of VND1,434, a 2.48 time increase over 2005 and its asset value reaches VND2,815 billion, a 2.31 time rise over 2005.
From now to 2015, Khanh Viet Corporation will continue promoting its production and trade, targeting at a growth rate of 6% per year in industrial production value, a rise of 11.6% per year in service – tourism turnover, 17% per year in breeding and food process turnover, 26% per year in leather and handicraft product turnover, 15% per year in export turnover and 3% per year in State-budget revenue.
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