Viettel Post invests in logistics park; Vinhomes adds 2 industrial park companies; Hoa Sen establishes warehouse in Ha Nam

Viettel Post invests in logistics park; Vinhomes adds 2 industrial park companies; Hoa Sen establishes warehouse in Ha Nam

Viettel Post invests in a logistics park at the gateway to China; Hoa Sen establishes a warehouse in Ha Nam; Vinhomes establishes two more industrial park companies; After joining hands with Kingfoodmart, HAGL digitizes agriculture; Truong Thanh Wood expands its market to Dubai.

Viettel Post invests in logistics park at gateway to China

The Board of Directors of Viettel Post Corporation (Viettel Post) approved the investment policy for the Viettel Logistics Park project in Lang Son. The project's objective is to provide import and export services, warehouse services, domestic and international freight transport, and e-commerce.

Since the end of October this year, this enterprise has started recruiting a series of personnel positions for the Project.

Viettel Post has approved the investment policy for the Viettel Logistics Park project in Lang Son.

Regarding the investment in the Logistics Park, Viettel Post plans to establish a branch in Ban Liep Village, Phu Xa Commune, Cao Loc District, Lang Son Province.

Notably, the new branch location is adjacent to a major project under construction, the Cargo Transit Area in Dong Dang Border Gate Economic Zone - with a total investment of over 3.2 trillion VND.

The Cargo Transit Area Project started construction in November 2019 and is one of the key projects of Lang Son province. Currently, Phase 1 of the Project is under construction with an area of ​​about 5.8 hectares. The main items include: Centralized Customs Center, cargo transit service area, yard system, construction system, driver rest area and auxiliary works.

It is expected that this cargo transit area will be put into operation from December 2024. Sharing with the press in March, Viettel Post General Director Hoang Trung Thanh said he wanted to build logistics centers and parks to connect farming regions, industrial parks with traffic hubs of roads, railways, sea routes, airways and border gates.

The infrastructure of logistics centers will be applied with highly automated technology and must be comprehensive, according to Mr. Thanh. Comprehensive services include warehouses, storage, customs services, and cross-border transportation services to help goods circulate quickly at low cost.

Viettel Post also negotiated and cooperated with the Nanning government (China) on logistics investment opportunities here such as: Setting up an office and logistics center in Nanning; promoting trade activities between the two countries, increasing the traffic volume of Vietnam - China intermodal railway; establishing an association of enterprises in the field of import and export logistics to optimize costs and shorten the time of goods circulation between the two countries.

Hoa Sen establishes warehouse in Ha Nam

Hoa Sen Group Corporation announced two strategic moves to expand its business operations after the end of fiscal year 2024.

The first move is to establish a presence in the Chinese market through the establishment of a Representative Office in Guangzhou. The office is located at Room 911, No. 1, Road 2, South Green Port, Huadu District.

SG decided to expand its distribution network in the North by establishing Ha Nam General Warehouse.

This office will be headed by Mr. Dong Quang Nhat as Chief Representative. Although it will not directly conduct business activities, this office is expected to strengthen its connection with one of the world's largest steel markets.

At the same time, HSG decided to expand its distribution network in the North by establishing the Ha Nam General Warehouse in Thanh Liem Industrial Park, run by Mr. Nguyen Van Tiep.

The new warehouse will serve 15 northern provinces, from Hanoi to border provinces such as Lang Son. Notably, in addition to its warehouse function, this location is also registered to produce galvanized iron, galvanized steel, plastic products and construction materials.

The above moves took place in the context of Hoa Sen Group just ending the 2024 fiscal year on a low note. In the fourth quarter of the 2024 fiscal year, HSG recorded a net loss of nearly VND 186 billion, ending a streak of 6 consecutive profitable quarters, although net revenue increased by 25% over the same period.

The net loss was mainly due to a decrease in gross profit margin to 8% and a sharp increase in operating costs, of which sales expenses increased by 65% ​​to VND909 billion. However, for the entire fiscal year 2024, net revenue reached VND39,272 billion, an increase of 24% over the previous year. In particular, after-tax profit reached VND510 billion, exceeding the annual plan by 27.5% and 18 times higher than the previous year.

Vinhomes establishes 2 more industrial park companies

Vinhomes Joint Stock Company has established new subsidiaries on the basis of separation from Vinhomes Industrial Park Investment Joint Stock Company (VHIZ).

Before the separation, VHIZ had a charter capital of VND18.5 trillion. Accordingly, VHIZ will continue to exist and its charter capital will be reduced to VND340 billion.

At the same time, Vinhomes established two new subsidiaries: Vinhomes Hai Phong Industrial Park Investment JSC, which was allocated the most capital with VND 15,160 billion, and Vinhomes Ha Tinh Industrial Park Investment JSC, with a charter capital of VND 3,000 billion.

All 3 companies above have a total charter capital equal to VHIZ, initially 18.5 trillion VND and reallocated according to Vinhomes ' strategy, all are headquartered in Vinhomes Riverside Urban Area, Viet Hung Ward, Long Bien District, Hanoi and Vinhomes holds 51% ownership in 3 units.

Currently, VHIZ is the investor in the project of investing in the construction and business of infrastructure of Vinhomes Vung Ang Industrial Park, built in Vung Ang Economic Zone, Ky Anh town, Ha Tinh province. The land use scale is over 964.8 hectares. The total investment capital of the project is over 13,276 billion VND, of which the investor's capital contribution is over 1,991 billion VND.

At the end of September, Vinhomes had a total of 45 subsidiaries. With the establishment of 2 new subsidiaries serving the industrial park sector, Vinhomes increased its ownership to 47 subsidiaries.

In the third quarter, Vinhomes' net revenue increased by 2% year-on-year to over VND33.3 trillion; net profit was VND7.9 trillion in the third quarter, down 26%. In the first 9 months, Vinhomes recorded VND69.9 trillion in net revenue and VND19.6 trillion in net profit, down 26% and 39%, respectively.

The company said that the profit in the period mainly came from the handover of Vinhomes Ocean Park 2-3 projects and recorded business results at Vinhomes Royal Island project.

After joining hands with Kingfoodmart, HAGL digitizes agriculture

Hoang Anh Gia Lai Joint Stock Company (HAGL) has just issued a resolution approving the operational strategy for the entire Group for the period 2024 - 2030.

Having just concluded the strategic cooperation signing ceremony with Kingfoodmart on November 2, HAG immediately issued a Group-wide strategy from now until 2030. Accordingly, the Board of Directors agreed that Mr. Doan Nguyen Duc will direct the Board of Directors and related departments to implement the contents.

HAG will deploy an agricultural digitalization program for the entire Group.

One is to focus on creating and delivering value to large corporate customers and international traders; keeping up with the trend of information explosion and globalization.

Second, aiming for optimization in operations and costs, minimizing risks during operations.

Not stopping there, HAGL will deploy an agricultural digitalization program for the entire Group. Officially applying the work management system to manage departments and projects in the office block and subsidiaries from November 2.

Starting from here, Mr. Duc's Company will build and deploy a digital agriculture plan; prioritizing the focus on technical processes, human resources, and materials for each type of crop; all of which will be deployed and applied according to the roadmap.

The resolution also approved the accumulated revenue in the first 9 months of the year reaching nearly 4.2 trillion VND. Profit after tax reached 851 billion VND; achieving 54% and 65% of the planned targets, respectively. In the third quarter, HAGL's sales fell sharply in both pork and fruit compared to the same period last year, but profits did not decrease. Net profit after 9 months increased by 809 billion VND, helping to reduce accumulated losses to 626 billion VND.

Despite having worked in agriculture for many years, Mr. Duc recently admitted that HAGL does not have any products that have created a reputation. At the event of signing a cooperation agreement with Kingfoodmart 2 days ago, he revealed that he could bring about 20 products to this supermarket chain.

Kingfoodmart is currently owned by Seedcom, a unit that currently holds many major brands in areas such as F&B with The Coffee House cafe chain; food and fashion distribution (Juno, HNOSS), Logistics (Ahamove, Gido... through Scommerce); retail solutions (Haravan)...

Truong Thanh Wood expands market to Dubai

Truong Thanh Wood announced that Casadora Furniture JSC (a subsidiary of TTF that owns 60%) has just received an investment certificate to Dubai. This start marks TTF's strategic development direction to the Middle East market with many high-end real estate projects.

Accordingly, the Ministry of Planning and Investment granted the first overseas investment registration certificate to Casadora Furniture on June 5, 2024 with the name of the economic organization established abroad as Belmonte Design Services LLC with an investment capital of 500 thousand USD (more than 12 billion VND) from equity.

In the third quarter of 2024, TTF recorded net revenue of more than 236 billion VND, down 39% over the same period.

The form of investment is to buy shares of an economic organization abroad to participate in the management of that economic organization in order to do business in interior design services with major world brands, expanding the presence of interior design in Vietnam with the names of major world brands in the Middle East region.

In the third quarter of 2024, TTF recorded net revenue of more than VND 236 billion, down 39% year-on-year; and a net loss of more than VND 21 billion, down over VND 6 billion in the same period. After the first 9 months of the year, the company had a net loss of nearly VND 27 billion, down over VND 43 billion in the same period.

Truong Thanh Wood said that the markets of major customers faced many difficulties, so export revenue decreased. In addition, high logistics costs and global transportation disruptions due to the impact of war in some areas forced customers to postpone delivery dates to the fourth quarter of 2024. In addition, revenue from domestic projects decreased due to the real estate investor's implementation progress being behind schedule as well as the impact of natural disasters in the northern provinces, causing the company's profits to decrease.

To overcome the above difficulties, TTF focuses on expanding and finding new customers in the European and American markets, especially the Asian markets, Dubai, Australia and East Asia to increase output in the fourth quarter. At the same time, restructuring ineffective subsidiaries to devote resources to developing new business projects.

In the period of 2016-2023, TTF's situation was quite gloomy with continuous losses; in which, in 2016, the heaviest loss was more than 1,271 billion VND, in 2017, there was a slight profit of nearly 11 billion VND, in 2018-2019, it returned to a total loss of more than 1,612 billion VND, in 2023, it lost nearly 134 billion VND. As of September 30, 2024, TTF's accumulated loss was nearly 3,268 billion VND, while its charter capital was nearly 4,112 billion VND.

The company also reported on measures to remedy the situation of the stock being warned. Accordingly, TTF continues to maintain traditional customers and develop potential customers; strengthen management,... Regarding exports, continue to promote cooperation with large customers such as Natuzzi, Williams Sonoma, TJX,... in many product lines to increase revenue, diversify markets including domestic and foreign markets to avoid risks and maximize profits...

Source: https://baodautu.vn/viettel-post-dau-tu-cong-vien-logistics-vinhomes-them-2-cong-ty-khu-cong-nghiep-hoa-sen-lap-tong-kho-o-ha-nam-d229584.html