A transport company aims to increase revenue 10 times by 2030

This morning (August 13), Construction Joint Stock Company 568 (Company 568) held a conference on the enterprise restructuring project.

Mr. Nguyen Ba Khuong, Chairman of the Board of Directors of Company 568 shared the restructuring strategy at the conference.

At the conference, the representative of 568 Company said that, established in 2005 with a charter capital of 5 billion VND, up to now, the charter capital of 568 Construction Joint Stock Company has reached 700 billion VND. The enterprise scale has reached more than 1,000 billion VND. The human resource scale is about 350 people.

Regarding the business structure, the core field of the unit is construction. Revenue also mainly comes from this field.

In the investment field, Company 568 is currently a major shareholder of Hoa Thuan Hydropower Joint Stock Company (accounting for 99% of charter capital); Govina Investment Joint Stock Company (accounting for 98% of charter capital).

In addition, Company 568 is also participating as an investor in two major expressway projects: Dong Dang - Tra Linh, Huu Nghi - Chi Lang (15% ratio).

Business results have improved year by year, but frankly speaking, Company 568 also identified some remaining shortcomings such as: Not clearly defining strategic goals for each stage; Traditional management methods; Limited human resource foundation...

From that situation, with the support of Deo Ca Group, Company 568 has built a comprehensive restructuring plan for the following contents: organizational model, management, human resources and human resource development, financial accounting, internal control and risk management.

"Through restructuring, the strategic goal is that by 2030, Company 568 will become a corporation with at least 5 member units operating in multiple sectors: Investment, construction, operation management, production and trade.

Expanding our field of operation, our revenue target by 2025 will reach 2,000 billion VND, profit 60 billion VND. By 2030, revenue will reach 6,000 billion VND, profit 300 billion VND", a representative of Company 568 shared.

According to Mr. Nguyen Ba Khuong, Chairman of the Board of Directors of Company 568, in the past 10 years, the unit's construction revenue has averaged about 500 billion VND/year, the profit rate has not met expectations. In the coming time, when the restructuring project is completed, the company's profit target is 5 - 7%.

Mr. Ho Minh Hoang, Chairman of the Board of Directors of Deo Ca Group shared at the conference.

As a long-term strategic partner, Mr. Ho Minh Hoang, Chairman of the Board of Directors of Deo Ca Group, expressed his joy that Company 568 has been developing strongly. Especially in the field of construction and installation, from the dream of participating in a volume of 1,000 billion VND at the beginning, Company 568 has now thought of a larger value of work, up to billions of dollars.

"The restructuring shows the great determination of the leaders of Company 568 in achieving the goal of raising the business level and improving the quality of human resources.

The support and consultation of Deo Ca Group in the restructuring plan of Company 568 is also the strategy we aim for, together with partners for sustainable development to join together to invest in PPP transport projects and venture into other fields such as: railways, digital transformation", Mr. Hoang said.

From his experience in the business, Mr. Hoang Quang Trung, Chairman of the Board of Directors of Trung Thanh Investment and Construction Joint Stock Company, said that the restructuring plan of Company 568 also needs to focus on internal control. Doing this well will ensure efficiency, revenue and profit for the business plan.

Source: https://www.baogiaothong.vn/mot-doanh-nghiep-giao-thong-dat-muc-tieu-tang-10-lan-doanh-thu-vao-nam-2030-192240813142941722.htm