Khatoco - the leading business in Khanh Hoa Province

In 2024, despite many difficulties and challenges, with the motto "Proactive - Creative - Effective", Khanh Viet Corporation (Khatoco) exceeded production and business targets, making important contributions to the socio-economic development of Khanh Hoa Province. Along with that, Khatoco has had many activities to care for employees and fulfill social responsibilities.

Exceeding targets

In 2024, the world situation continued to have complex fluctuations that greatly affected the socio-economic development of the country and the province. Despite many difficulties, Khanh Hoa continues to strive to maintain a comprehensive development rate with a double-digit GRDP growth rate of 10.16% compared to 2023%, ranking 7th in the country. In the overall picture of the province's socio-economic development, there is a great contribution from the business community in the province, including the leading business Khatoco.

The most modern production line in Southeast Asia at Khatoco Khanh Hoa Tobacco Factory

Mr. Tran Minh Quang - Member of the Board of Members, General Director of Khanh Viet Corporation shared: "In 2024, with the support of central departments, ministries and branches as well as the attention and direction of the province and the efforts of the staff, leaders and employees in the parent company - subsidiary Khanh Viet Corporation, Khatoco has firmly overcome challenges, developed sustainably and achieved high efficiency, exceeded production and business targets, with impressive figures, contributing to promoting the socio-economic development of the province. Specifically, consolidated revenue reached VND 9,110 billion, exceeding the plan by 5%; consolidated pre-tax profit reached VND 280 billion, exceeding the plan by 10%; export turnover reached USD 58.7 million, exceeding the plan by 15%; state budget payment (3 main taxes) reached VND 3,495 billion, of which payment in Khanh Hoa reached VND 3,394 billion, exceeding the target assigned by the provincial ordinance by 9.5%, continuing to be the leading business in Khanh Hoa province in state budget payment”. Leaders of Khanh Viet Corporation presented 20 tons of ostrich meat to soldiers and people in Spratly.

The impressive results that Khatoco achieved in 2024 are the crystallization of the 41-year tradition of construction and development; nurtured from the journey of dedication, with passion, intelligence, breakthrough thinking, choosing a unique path to create different values ​​of generations of leaders and employees of Khatoco; the motto "Proactive - Creative - Effective" has now become the core value in Khatoco's corporate culture. In the midst of difficulties and challenges, it is the corporate culture that is preserved and promoted that has brought Khatoco to reach the dream of a spacious facility, modern technology, a distribution system covering the whole country, worthy of being a leading enterprise in Vietnam.

Caring for employees and fulfilling social responsibilities

In each stage of development, Khatoco culture is continued, spread, and built from the aspirations, courage, and intelligence of each Khatoco member. Employees are always at the center, the most valuable asset of the corporation. Over the years, Khatoco has always strived to improve the working environment, ensured stable employment, and increasingly improved the material and spiritual life of employees, with the current average income reaching more than 13 million VND/person/month; organize meals to ensure adequate nutrition; compensate for toxic substances in kind; support shuttle vehicles; conduct periodic health check-ups with higher categories and levels of examination than prescribed; support employees when they are sick or have serious illnesses. By 2024, 100% of officers, employees, and workers in all units of Khatoco will be able to go on tours according to the corporation's regulations. On the occasion of Lunar New Year, the leaders of the corporation and its units visited, encouraged and gave gifts to employees in difficult circumstances. Every year, Khatoco organizes the "Employee Gratitude" activity; giving worthy rewards to employees who have made many contributions to the construction and development of the corporation... Not only taking care of employees directly, Khatoco also organizes many practical and useful activities for employees' children such as: Giving gifts on International Children's Day (June 1), Mid-Autumn Festival, giving Khatoco scholarships to employees' children with excellent academic achievements. In the 2023 - 2024 school year alone, Khatoco has awarded 151 scholarships with a total amount of 340 million VND to employees' children with excellent academic achievements... From taking good care of employees, Khatoco has been honored many times as "Outstanding Enterprise for Employees".

Khatoco Khanh Hoa Tobacco Factory in Trang E Industrial Cluster

In 2024, Khatoco continued to make its mark with many meaningful social and charitable activities, with a total amount of nearly 10 billion VND, notably giving nearly 1,500 gifts to people in difficult circumstances and poor patients on the occasion of Lunar New Year; sponsoring the construction of charity houses for poor households; giving scholarships to students in difficult circumstances who have excelled in their studies; giving clothes, books, and supporting students in remote areas through the program "Helping children go to school"; donating 2 billion VND and 60,000 student notebooks to people in the northern mountainous region to overcome the consequences of storm No. 3; donating 880 million VND to the "For the Poor" Fund and responding to the emulation movement "Joining hands to eliminate temporary and dilapidated houses in the province". Looking towards beloved Spratly, Khatoco donated 20 tons of ostrich meat, worth 3 billion VND to the army and people of Truong Sa island district; donated 1 billion VND to the Khanh Hoa Fisheries Development Fund...

Mr. Tran Minh Quang shared more: In 2025, Khatoco will continue to strive to successfully complete the assigned tasks, with specific goals and tasks such as continuing to innovate, improve production and business efficiency, ensure jobs, income, take good care of the material and spiritual life of employees; focus on building and implementing the overall project of comprehensive restructuring of the corporation; at the same time, equitize the enterprise according to the roadmap; restructure the organization, streamline the management apparatus, and apply KPIs and advanced management standards to improve the management and operation capacity of the corporation. Along with that, the corporation will invest heavily in digital transformation, apply modern technology, upgrade information technology infrastructure and optimize management software to improve the competitiveness and operational efficiency of the corporation.

With the long tradition of the enterprise, the Board of Directors and employees of Khatoco will join hands, unite, maximize all resources, constantly innovate and create to bring Khanh Viet Corporation to breakthrough development, accompany the country and the province to enter a new era - the era of national development.

In 2025, Khatoco strives to exceed the set plan targets such as: Consolidated revenue reaching 9,170 billion VND, up 8% compared to 2024; consolidated pre-tax profit reaching 290 billion VND, up 6%; export turnover reaching 60 million USD, up 2%; State budget contribution (3 main taxes) in the province reached 3,365 billion VND.

HAI LANG

Translated by T.T