Asia Group proposed a maximum income of VND5.75 billion for Mr. Nguyen Thien Truc - Chairman of the Board of Directors - in 2025. Meanwhile, at Au Lac Joint Stock Company, the secretive female chairman received a 2024 income that increased sharply compared to the previous year.
Income of leaders of many businesses tends to increase - Photo: QUANG DINH
Female tycoon holding capital at ACB Bank receives skyrocketing income
The financial report for the fourth quarter of 2024 of Au Lac Joint Stock Company recorded revenue of nearly 1,556 billion VND for the whole year of 2024, an increase of 28% compared to 2023.
Cost of goods sold accounted for about 70%, Au Lac's gross profit reached 428 billion VND. After deducting expenses and taxes, the net profit of this enterprise reached 260 billion VND, an increase of nearly 33% compared to the previous year.
As an inland waterway fuel transport enterprise, in the context of rising freight rates, Au Lac recorded the "biggest" revenue and profit ever.
With business results exceeding expectations, Au Lac Company has spent more on paying its leaders' income. The financial statement notes show that the income of Au Lac's leaders in 2024 is more than 16.2 billion VND, an increase of about 4 billion VND compared to the previous year.
Of which, female chairwoman Ngo Thu Thuy received an income of more than 3 billion VND, an increase of 73% compared to the previous year. Mr. Nguyen Duc Hinh - vice chairwoman - received 2.2 billion VND, an increase of 50%. Meanwhile, Mr. Mai Van Tung received nearly 3.39 billion VND as general director and more than 1.9 billion VND as a member of the board of directors.
Au Lac is a large company in the transportation sector, with revenue and profits growing continuously in recent years.
Mrs. Ngo Thu Thuy
This secretive female business president has recently appeared more in the media when her name was on the list of shareholders owning more than 1% of the charter capital of Asia Commercial Joint Stock Bank (ACB).
According to ACB's report, Thien Huong International Education Village Joint Stock Company is an enterprise chaired and legally represented by Ms. Ngo Thu Thuy, holding more than 1.3% of this bank's capital.
In addition, Nguyen Thien Huong Jenny or Nguyen Duc Hieu Johnny - the two remaining individual shareholders holding more than 1% of capital at ACB - are both Ms. Thuy's children.
Thus, the entire Au Lac shareholder group holds more than 3.7% of ACB's charter capital. It is estimated that based on the current market price of ACB shares, the shares owned by this shareholder group are worth more than VND4,000 billion.
Notably, Au Lac Company had previously invested directly in ACB shares at an original price of nearly VND 80 billion at the end of 2023. By the end of 2024, Au Lac's financial statements no longer recorded this investment.
In addition, although it became a public company in 2007, Au Lac has yet to go public.
That's why last August, the Securities Commission fined Au Lac 350 million VND for not registering transactions and listing shares on the Stock Exchange.
Asia Group wants to increase chairman's income for 2 consecutive years
Asia Group (AIG) with stock code AIG is a "newbie" on the UpCOM floor.
AIG Chairman of the Board of Directors is Mr. Nguyen Thien Truc (born in 1971). The company's main field of activity is the production and trading of raw materials and spices for the food processing, milk and food products industries.
According to the annual report, AIG's partners are large enterprises in the market such as Nestle', Vinamilk, Masan, Unilever...
Currently, AIG has 7 factories including: Asia Saigon Food Ingredients JSC, Asia Coconut Processing, APIS, Asia Hoa Son, Asia Specialty Ingredients, Mekong Delta Gourmet and Vinh Hao Algae.
Mr. Nguyen Thien Truc
On February 4, Asia Group will close the list of shareholders to get written opinions on approving the remuneration, bonuses, and other benefits of the Chairman of the Board of Directors.
Accordingly, the remuneration, bonus and other benefits of Mr. Nguyen Thien Truc, Chairman of the Board of Directors, in 2025 will be a maximum of VND 5.75 billion; and from the beginning of 2026, a maximum of VND 6.4 billion/year.
Notably, the 2023 financial report stated that the remuneration of the entire Board of Directors of Asia Group in 2023 was about 1.32 billion VND. This figure is much lower than the maximum income of Mr. Nguyen Thien Truc in 2025.
Regarding business performance, AIG has not yet announced its financial report for the fourth quarter of 2024. In the first 9 months of 2024, the company recorded revenue of VND 8,916 billion, up 2.9% over the same period last year, and profit after tax reached VND 634 billion, up 9.6%.
Source: https://tuoitre.vn/chu-tich-kin-tieng-doanh-nghiep-nghin-ti-nhu-asia-group-au-lac-nhan-thu-nhap-khung-ra-sao-20250118153012553.htm
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