25-Mar-2021 Intellasia |
VNS |
5:02 AM
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The Saigon Union of Buying and selling Cooperatives eyes gross sales development of 8-10 per cent this yr.
Saigon Co.op, as it’s generally identified, additionally targets 4-5 per cent development in pre-tax revenue and 5-6 per cent improve in labour productiveness.
Talking at a evaluate assembly in HCM Metropolis on Monday, Nguyen Anh Duc, its common director, mentioned this yr the cooperative would additionally concentrate on bettering the effectivity of its retail fashions and enhance buyer companies.
It additionally seeks to broaden its community to have at the least 2,000 retailers nation-wide by 2025, lead the market when it comes to items high quality, meals hygiene and security and selling personal labels to help small and medium-sized enterprises and create a brand new and trendy distribution centre to assist full its provide chain.
Regardless of going through difficulties as a result of Covid-19 pandemic final yr, Saigon Co.op achieved gross sales of over VND33 trillion (US$1.42 billion), equal to just about 90 per cent of its goal and barely down from 2019.
In HCM Metropolis, its Co.opmart grocery store chain accounted for over 45 per cent of supermarkets’ revenues.
Saigon Co.op’s pre-tax revenue was over VND1 trillion ($43.28 million), which meant it achieved its goal.
Phan Thi Thang, deputy chairwoman of the town Individuals’s Committee, hailed the cooperative’s achievements, saying it had contributed significantly to the town’s financial growth and combat towards the pandemic.
She referred to as on it to restructure its cooperative mannequin, velocity up worldwide integration and focus extra on optimising its enterprise.
http://bizhub.vn/corporate-news/saigon-coop-eyes-8-10-revenue-growth-in-2021_323090.html
Class: Enterprise, Vietnam
Article supply: https://www.intellasia.web/saigon-co-op-eyes-8-10pct-revenue-growth-in-2021-888042