Binh Thuan Forestry One Member Co., Ltd.: In 2023, revenue reached 107.4% of the plan

Attending were representatives of the Provincial People's Committee Office, Department of Finance. Mr. Le Ngoc Cuong, Party Secretary, Chairman of the Company; Board of Supervisors, Board of Directors and staff of the company also attended.

The report at the conference showed that in 2023, the company successfully completed its production and business plan: Revenue of 67.7 billion VND, reaching 107.4% of the plan; pre-tax profit of 4.8 billion VND, reaching 108.8% of the plan; budget payment of 4.25 billion VND, reaching 103.65% of the plan; average monthly income of 11.5 million VND, reaching 147.4% of the plan.

Successfully maintained the forest certification (FM/CoC) in 2023, the second year of the second cycle with an area of 10,544.59 hectares of company-planted forests according to international standards issued by the GFA Organization (Germany). Proceeded to reclaim more than 50 hectares of illegally encroached and occupied land that had existed for a long time in previous years to plant forests in the Bac Binh area. Continued to resolve for more than 82 households receiving contracts with an area of more than 2,400 hectares of forest, including 54 cases receiving payments according to Resolution 18/2022/NQ-HDND dated November 18, 2022. Renovated and invested in nearly 70 hectares of forest areas that had aged through many exploitation cycles.

Develop and promulgate regulations, rules and supplement and complete the company's management positions. Organize tours for employees to relax and connect with forestry companies nationwide. Organize the first company sports festival in 2023 to celebrate the 8th anniversary of the company's re-establishment from December 16, 2015 to December 16, 2023. Invest in the construction of essential works serving production, business and daily life for company employees worth nearly 1 billion. Complete the first phase of restructuring plan and issue technical and economic norms for wooden products in 2023.

Directing at the Conference, Mr. Le Ngoc Cuong, Party Secretary and Chairman of the Company emphasized that in 2024, there are still many difficulties and challenges that need to be overcome and overcome. Promoting the effectiveness of internal solidarity to create a collective consensus, unanimity, joining hands to overcome difficulties to successfully complete the assigned plan. Focusing on propagating and thoroughly disseminating to all employees the work of preventing corruption and waste...

Synthesize all financial resources (capital), including loans to focus on afforestation according to the assigned plan. Seek partners with sufficient financial capacity, suitable business lines to associate, joint venture, and cooperate in investment to mobilize capital to invest in afforestation and processing business to promptly meet the necessary financial resources. At the same time, promote business activities, services, agricultural production, plant varieties, rubber latex harvesting from investment cooperation units to increase income for the Company to improve the lives and income of workers. Focus on intensive cultivation, investment in large timber forests, conversion of small timber forests to large timber forests and effective land use and protection of the ecological environment increasingly sustainable. Continue to improve the number of aging forest areas, exploit multiple cycles to improve the quality of planted forests, protect natural forests, planted forests and land to prevent encroachment, causing loss of State and Company assets. Diversify products to suit customer tastes in terms of price, design, and materials; seek segments for processed export products; link with manufacturers of low-cost products and alternative products to create regular jobs for workers and increase revenue.