Saigon Co.op - Promoting the effectiveness of the collective economic model in the new situation

Overcoming economic difficulties, the Saigon Co.op Party Committee has made timely and creative decisions, helping to effectively promote the collective economic model. Grasping information and making timely decisions At the recent Conference summarizing business activities, Party building work in 2023 and operating direction in 2024 of the Party Committee of the Ho Chi Minh City Union of Trading Cooperatives (Saigon Co.op), Comrade Nguyen Anh Duc, Deputy Secretary of the Saigon Co.op Party Committee, informed about many important results that this unit achieved in 2023. Comrade Nguyen Anh Duc said that in 2023, Saigon Co.op maintained sales of nearly 30,000 billion VND; the profit for the whole year of 2023 still fulfilled the set plan target. Notably, in 2023, the company's online sales reached nearly 1,702 billion VND, an increase of 20.7% over the same period. In fact, in 2023, the aftermath of Covid-19 will continue to cause many difficulties for the economy in general and the retail market in particular, directly affecting the prices of goods, negatively affecting purchasing power and changing the consumer culture of customers, including Saigon Co.op. In that context, the Party Executive Committee of Saigon Co.op has made outstanding efforts, both leading the overcoming of shortcomings and limitations and focusing on developing production and business.

Comrade Nguyen Anh Duc, Deputy Secretary of Saigon Co.op Party Committee, reported on Party building work in 2023.

Specifically, the Party Executive Committee of Saigon Co.op has thoroughly grasped ideological work, grasped and oriented public opinion, transparent information; improved the quality of human resources, developed the Party, and perfected high-level human resources. In particular, it has well implemented the grassroots democracy regulations as well as promoted the role of the Trade Union and Youth Union in the Union. From there, it has proposed appropriate directions and policies, helping Saigon Co.op control costs quite well, ensuring business efficiency in a context that still has many difficulties. Notably, in 2023, Saigon Co.op launched a new business model, Co.opmart Cho Moi (An Giang) and SenseMarket - Co.opmart Cai Be (Tien Giang), with research and standardization to suit district markets, creating conditions for promoting the network in the coming time. In addition, market stabilization activities and supply-demand connection in the past year have been maintained by Saigon Co.op; At the same time, this retailer has increased the implementation of price stabilization sales with more than 656 mobile sales trips to poor communes in remote areas, industrial parks, export processing zones, etc. to serve the needs of people to buy goods at stable prices. Acknowledging and praising the efforts of the Saigon Co.op Party Committee in 2023, Comrade Nguyen Van Dung, Vice Chairman of the Ho Chi Minh City People's Committee - said that in 2023, although the economy in general still faced many difficulties and challenges, the city still achieved the goal of preventing the decline, economic sectors achieved high growth rates, in which total retail sales of goods and consumer service revenue increased by 10.08% compared to 2022. This result had a great contribution from Saigon Co.op. “With the spirit of creativity, dedication and progress, the Saigon Co.op team has overcome barriers and challenges to achieve remarkable results in 2023, especially always maintaining the fortress of food security, ensuring the supply of goods at stable prices and sufficient for people all year round, contributing with the City Party Committee and Government to ensure social security, actively contributing to the overall development of the economy - society of Ho Chi Minh City” - Comrade Nguyen Van Dung assessed.

Saigon Co.op commends and rewards collectives and individuals with achievements in 2023

Many important orientations for 2024 Promoting the achieved results, in 2024 Saigon Co.op strives for a 6-7% increase in sales compared to 2023; strives to reach 900 points of sale by the end of 2024; improves customer-oriented service and develops value-added services; promotes computerization/digitalization; expands the network - promotes the development of new models and investment in points of sale. With this goal, comrade Vu Anh Khoa, Secretary of the Saigon Co.op Party Committee, said it is very high because in 2024, the international and domestic context still has many unpredictable fluctuations, bringing significant challenges to the retail system. However, the Saigon Co.op collective is determined to do it. Because if it does not perform well, the business will be slower than the general development trend of the market. Therefore, to implement, comrade Vu Anh Khoa said, Saigon Co.op has proposed 8 important groups of solutions, in which the most prominent are reforming and improving the quality of human resources corresponding to the remuneration regime; especially promoting the implementation of digital transformation to meet the strong trend of e-commerce today. "In the proposed groups of solutions, Party work will be embodied in activities to make Saigon Co.op's brand better, closer and develop steadily in the domestic market, reaching out to the international market" - comrade Vu Anh Khoa emphasized. Based on the solutions proposed by the Saigon Co.op Party Committee, comrade Nguyen Van Dung, Vice Chairman of the Ho Chi Minh City People's Committee suggested that in 2024, Saigon Co.op needs to be associated with the annual theme of the Ho Chi Minh City Party Committee, which is "Strengthening the building and rectification of a clean and strong Party, determined to effectively implement digital transformation and Resolution 98". This will be an opportunity for the Saigon Co.op Party Committee to promote its leadership capacity and direct the successful implementation of highly specific tasks at the unit, especially the innovative policies and viewpoints of a breakthrough nature according to Resolution 98. He also requested Saigon Co.op to implement the project of restructuring the organizational apparatus to ensure compliance with the development orientation of the City's leaders and the current provisions of the Law on Cooperatives. Another important point, according to Comrade Nguyen Van Dung, the Standing Committee of the Saigon Co.op Party Committee needs to continue to pay attention to consolidating, building and creating conditions for the activities of the Trade Union and the Youth Union. Continue to build harmonious labor relations in the enterprise, protect the legitimate rights and interests of union members and workers. “The Standing Committee of the Saigon Co.op Party Committee needs to immediately develop a plan to develop a purely Vietnamese retail brand sustainably in Ho Chi Minh City, across the country and gradually expand to the region - affirming itself as a typical collective economic model, a source of pride for the Ho Chi Minh City Party Committee” - Comrade Nguyen Van Dung directed.

Thuy Duong

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