State President Triet pays Tet visits to businesses

President Nguyen Minh Triet on February 18 paid Tet visits to the Saigon Jewellery Holding Company (SJC) and the Asia Commercial Bank (ACB).

SJC managers briefed Mr Triet on their company’s operations last year, saying they earned a revenue of VND61,000 billion and a pre-tax profit of VND359 billion and contributed VND100 billion to the State budget. SJC ranked sixth among the top 500 successful businesses selected in 2009.

The managers said the company plans to increase its charter capital to VND759 billion in 2010 and VND1,000 billion in 2011.

Mr Triet praised SJC for its success in 2009 and asked the company to work with other businesses and relevant agencies to stabilise the domestic gold market.

SJC should invest in pattern designing to diversify products of high quality and competitive edge so as to meet the consumer demand and for export, said Mr Triet.

He expressed his hope that SJC will become a powerful economic group in a couple of years to contribute to national socio-economic development.

At ACB, Mr Triet explored the operational model of the group, which was said to make a pre-tax profit of VND2,818 billion last year, VND118 billion more than planned. The group re-arranged its personnel and applied the productivity management model to increase its operational efficiency.

This year, ACB aims to earn a pre-tax profit of VND4,000 billion and contribute VND1,000 billion to the State budget. By 2015, it will strive to become a leading financial group in Vietnam, as well as in the region and the world.

Mr Triet acknowledged ACB’s efforts to prevent the economic downturn in 2009 and hoped that group would continue to make breakthroughs in 2010.