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HTN: Apparatus streamlining, human resource optimization

Posted: 22-06-2019

Streamlining the apparatus and optimizing operational efficiency in management is an inevitable trend in the modern business environment. With a public listed company as Hung Thinh Incons, this is also the first choice in business activities to optimize profits while maximizing the professional capacity of human resources.

On June 20, 2019, at the head office 53 Tran Quoc Thao, Ward 7, District 3, Ho Chi Minh City, the Board of Directors of Hung Thinh Incons Joint Stock Company held a meeting to announce the decisions related to personnel of the Board of Directors of the Company, accordingly:
- Mr. Le Chi Trung resigned from his position of General Director for personal reasons under letter of resignation;
- Mr. Huynh Thanh Tu and Mr. Nguyen Anh Dung resigned from the position of Deputy General Director due to another position.

Overview of the ceremony of announcing personnel decision of Hung Thinh Incons

The Board of Directors has appointed Mr. Do Anh Tu to assume the position of General Director of the Company. With over 16 years of experience as a Construction Engineer trained from Ho Chi Minh City University of Technology, Mr. Tu has experienced many professional working environments at big construction – real estate companies and corporations in senior management positions as well as participated in managing many major projects from the preparation of legal procedures for investment, planning to construction and acceptance, putting into use.

Mr. Nguyen Dinh Trung - Chairman of Hung Thinh Incons gave the appointment decision and gave flowers to congratulate Mr. Do Anh Tu - General Director of Hung Thinh Incons

Mr. Nguyen Dinh Trung - Chairman of Hung Thinh Incons Board of Directors gave the appointment decision to Mr. Tran Tien Thanh - Deputy General Director of Hung Thinh Incons

Mr. Do Anh Tu - New General Director of Hung Thinh Incons made a speech when taking on an important position. He expressed his commitment to bring Hung Thinh Incons to a new high level

Sharing about consolidating senior management personnel this time, Mr. Nguyen Dinh Trung - Chairman of Hung Thinh Incons affirmed: “After being listed, the business performance of the Company has kept stable and grown well. In addition, Management - Control - Administration of the Company is maintained and focuses on strengthening the Company's activities in a stable and effective manner. Therefore, the Board of Directors gives a consideration of restructuring the personnel of Board of Directors in a streamlined manner. As an alumni of Ho Chi Minh City University of Technology, I believe that the new General Director will optimize existing resources as well as promote the strategic cooperation between Hung Thinh Incons and Ho Chi Minh City University of Technology to make the company continuously grow and develop in the future”.

Mr. Nguyen Dinh Trung - Chairman of Hung Thinh Incons shared at the ceremony to announce the personnel decision of Hung Thinh Incons

According to the financial statements of Hung Thinh Incons, the company's total revenue and consolidated after-tax profit in 2018 reached VND 4,061 billion and VND 182 billion, up 50.36% and 66.36%, respectively, compared to 2017. The Company ranked Top 10 listed construction enterprises with the highest net profit in 2018 (according to the statistics of Vietstock).

In 2019, Hung Thinh Incons set a revenue target of VND 4,865 billion, after tax profit of VND 216 billion, continuing to maintain a general growth rate of 20% compared to that of previous year. Business performance of Quarter 1/ 2019 is very positive with revenue of VND 498.7 billion and profit of VND 21.2 billion.

With the desire and vision to become a leading construction company in Vietnam, Hung Thinh Incons always promotes the mission to bring customers the finished products on schedule, ensuring the quality in technical, aesthetic and highly safe terms. And with this change, HTN's leadership believes that the company will achieve the set targets and gain more achievements in the journey of business development.

The others:

Hung Thinh Incons successfully held the annual general meeting of shareholders 2019 (24-04-2019)
Hung Thinh Incons setting a minimum growth target 20% / year (29-03-2019)
Hung Thinh Incons increased by 61% of profit in 2018 (26-01-2019)
Hung Thinh Incons’s summary of business activities in 2018 and implementation of the plan for 2019 (21-01-2019)
Hung Thinh Incons was named “Typical construction unit and construction materials supplier and supplier 2018” (12-01-2019)
Hung Thinh Incons signed a cooperation agreement with Ho Chi Minh City University of technology (22-12-2018)
Hung Thinh Incons held ISO 45001: 2018 internal auditor training course (18-12-2018)
Notes of the time of additional stock trading (17-12-2018)
Stocks with high dividend rates – The best choice in the market (28-11-2018)
HTN: New factor in the overall picture of the construction sector (27-11-2018)