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Viet Duc Steel Pipe JSC: Annual General Congress of Shareholders in 2018

Thursday, 19/04/2018

On 4/14/2018, Viet Duc Steel Pipe Joint Stock Company (VG PIPE) held the Annual General Congress of Shareholders in 2018.

At the congress, participants listened alternatedly to the reports of the Boards of Management, Directors and Supervisors on the company's production and business situation in 2017, set out the directions, tasks and plans in 2018, in which, stressed that in 2017, marked the breakthrough in production and sales of VG PIPE in the context of complicated market with the sales of more than VND 6,000 billion, the growth of 28.7% and up 30% over 2016; after tax, the profit was more than VND 70 billion, up 11.6% compared to the same period in 2016. In particular, in 2017, the company won many awards such as the Gold Award for Asia Pacific Quality; Gold Award for Vietnam Quality and Emulation Flag, Certificate of Merit from Vietnam General Confederation of Labor, and the People's Committee of Vinh Phuc.

In 2018, the company actively seeks investment opportunities in and outside the country, develops its business with the platform trades such as construction steel, steel pipes, galvanized steel; expands the sales network, improves the management capacity; builds more distribution channels on the principle of financial safety, concentrates on developing in depth; develops the flexible selling price policy, targets to the market; enhances the research and development, improves the production rationalization to raise the quality of products, saves the costs and increases the competitiveness of products on the market, strives for a combined turnover of VND 5,300 billion.

The Congress voted with the high approval rate of the contents, which the Management Board submitted the Congress for approval.

Vinh Phuc News

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