Saigon Co.op focuses on improving efficiency of retail models

Deputy Chairwoman of Ho Chi Minh city People’s Committee Phan Thi Thang
speaking at the event. (Photo: hcmcpv)

The event was attended by Ms. Phan Thi Thang, member of the Standing Board of the Ho Chi Minh city Party Committee, Deputy Chairwoman of the city People’s Committee.

Saigon Co.op General Director Nguyen Anh Duc said that Saigon Co.op achieved sales of over 33 trillion VND (1.42 billion USD), equivalent to nearly 90% of its target and slightly down from 2019.

In Ho Chi Minh city, its Co.opmart supermarket chain accounted for over 45% of supermarkets’ revenues. Saigon Co.op’s pre-tax profit was over 1 trillion VND (43.28 million USD), which meant it achieved its target.

This year, it eyes sales growth of 8-10%, 4-5% growth in pre-tax profit and 5-6% increase in labour productivity.

Mr. Duc said the cooperative will focus on improving the efficiency of its retail models and improve customer services in 2021.

In her speech at the event, Ms. Phan Thi Thang hailed the cooperative’s achievements in 2020, stressing that it made great contributions to help the city effectively realize the dual targets of COVID-19 pandemic prevention and socio-economic development.

She agreed with Saigon Co.op’s set key tasks. However, she requested that, in the complicated epidemic situation, Saigon Co.op should not be subjective or neglect epidemic prevention, but should continue to focus on well performing the tasks of production and business and improving the quality of goods and services./.