Despite forecasts that the world and domestic economies are still facing many difficulties, many businesses still set business growth targets and expect profits of thousands of billions of VND. For example, the Vietnam Rubber Industry Group announced its target for 2024 to reach a total revenue of VND 24,999 billion, 2.1% higher than in 2023; pre-tax profit of VND 4,104 billion, 2.2% higher than in 2023 and after-tax profit of VND 3,437 billion, 0.9% higher than in 2023. The parent company - the Group alone strives to achieve revenue of VND 3,988 billion (3% higher than in 2023), pre-tax profit of VND 1,454 billion (3.5% higher than in 2023).
FPT Corporation targets pre-tax profit of VND 10,875 billion in 2024
Similarly, FPT Corporation also issued a Resolution of the Board of Directors announcing the business results for 2023 and the business plan for 2024. Accordingly, FPT set a new year revenue target of VND 61,850 billion, an increase of 17.5% and pre-tax profit of VND 10,875 billion, an increase of 18.2% compared to 2023. In the new year plan, FPT also increased the charter capital for 3 subsidiaries including FPT Software Company Limited from VND 5,000 billion to VND 6,250 billion; FPT Education Company Limited from VND 3,000 billion to VND 4,000 billion; FPT Information System Company Limited from VND 1,100 billion to VND 1,300 billion.
Meanwhile, despite recognizing that 2024 will still be full of challenges, Mobile World Investment Corporation also plans its business in 2024 with a target of achieving revenue of VND 125,000 billion and after-tax profit of VND 2,400 billion. Compared to 2023, the revenue target increased by 6% and the profit was 14.2 times larger.
Another company, Hau Giang Pharmaceutical Joint Stock Company, set a business target for the new year with revenue of VND5,200 billion and pre-tax profit of VND1,080 billion. This revenue level increased by 4% compared to the plan of VND5,000 billion last year when Hau Giang Pharmaceutical's leaders assessed that the economy was still difficult and purchasing power was decreasing. The profit target alone decreased by 4% compared to the 2023 plan because the company will focus on investing in some items for the future.
In addition, some businesses have not yet reached the level of a thousand billion VND in profit but their business plans are also ambitious. That is Dabaco Vietnam Group Joint Stock Company, which plans to achieve a total revenue of VND 25,380 billion and a profit after tax of nearly VND 730 billion. In 2023, Dabaco recorded a net revenue of VND 11,110 billion, down 4% over the same period and a net profit of VND 25 billion. Thus, if the company's profit target in 2024 is achieved, it will be more than 29 times higher than last year.
Or SMC Investment and Trading Joint Stock Company (stock code: SMC) has just announced the Board of Directors' Resolution on the 2024 business plan. SMC expects to sell 900,000 tons of various types of steel and have a profit after tax of 80 billion VND. This is also a challenging target when in 2023 the company suffered a loss of up to 900 billion VND...
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