Annual General Meeting of Shareholders 2025
27/06/2025
On the morning of June 26, 2025, in Hanoi, Machines And Industrial Equipment Corporation convened its 2025 Annual General Meeting of Shareholders.
A total of 15 shareholder representatives attended the meeting, representing 141,672,201 voting shares, equivalent to 99.775% of the total voting shares.
Among the invited guests was Mr. Nguyen Tai Dung, Deputy General Director of Vietnam Auditing Company Limited.
The General Meeting unanimously approved the following: Reports from the Board of Directors, Supervisory Board, and Executive Board on the 2024 performance results and the 2025 business plan; The audited financial statements and the 2024 profit distribution plan; The selection of an auditing firm for the 2025 financial statements; The 2023 remuneration report for the Board of Directors, Supervisory Board, General Director, and other key executives of MIE; The 2024 remuneration plan for management personnel; And other matters within the authority of the General Meeting.
All shareholders present voted unanimously (100%) to dismiss Mr. Hoang Minh Viet from his position as a member of the Board of Directors.
In 2024, Vietnam’s economy rebounded with a growth rate of 7.09%, surpassing the target of 6.5%. Additionally, the decline in steel and iron prices (key input materials), along with more favorable exchange rates and bank lending rates, created favorable conditions for MIE’s business operations.
Despite persistent challenges such as outdated technology and equipment, as well as limited financial and human resources, MIE achieved notable business results thanks to its proactive approach to overcoming difficulties and the decisive leadership of the Corporation’s management and its subsidiaries, detailed as follows:
Unit: Billion dong
| No. | Indicator | Parent Company | Consolidated Corporation | ||
| Plan 2024 | Actual 2024 | Plan 2024 | Actual 2024 | ||
| 1 | Total Revenue | 300,0 | 316,27 | 1.354,0 | 1.638,87 |
| 2 | Industrial Production Value | 228,0 | 211,29 | 1.132,0 | 1.380,04 |
| 3 | Pre-tax Profit | 0,77 | 2,43 | 5,3 | 9,02 |
| 4 | Post-tax Profit | 0,62 | 1,93 | 3,46 | 7,56 |
| 5 | Average Income (million VND/person/month) | 19,06 | 21,33 | 11,71 | 13,51 |
The Corporation continued to focus on its traditional sectors and product lines. In 2024, most of the Corporation’s key consolidated performance indicators exceeded planned targets, with particularly strong results in pre-tax and post-tax profit.
For the Parent Company, aside from the industrial production value and industrial production revenue, which fell short of the plan due to delays in several project timelines, all other indicators surpassed expectations. Notably, pre-tax profit exceeded the plan by 170.23%, and post-tax profit by 218,52%.
Subsidiaries across the Corporation maintained stable and growing operations, outperforming assigned targets and ensuring employment and income stability for workers.
With the primary goal of maintaining stable operations and securing jobs for employees, MIE has developed the following key production and business targets for 2025:
* Consolidated Corporation
- Total Revenue: VND 1,553.22 billion
- Industrial Production Value: VND 1,392.62 billion
- Industrial Production Revenue: VND 1,332.32 billion
- Pre-tax Profit: VND 11.46 billion
- Post-tax Profit: VND 8.91 billion
- Average Monthly Income: VND 12.93 million/person/month
* Parent Company
- Total Revenue: VND 266.39 billion
- Industrial Production Value: VND 277.39 billion
- Industrial Production Revenue: VND 277.39 billion
- Pre-tax profit: VND 2.47 billion
- Post-tax profit: VND 1.97 billion
- Average Monthly Income: VND 19.99 million/person/month.
Selected Photos from the Annual General Meeting
Mr. Tran Quoc Toan, Chairman of the Board of Directors of MIE, presented the 2024 Board of Directors Activity Report, the 2025 Operational Plan, and the Corporate Governance Disclosure Report for 2024 and Plan for 2025
Mr. Le Huy Hai, General Director of MIE, delivered the 2024 Business Performance Report and the 2025 Business Plan
Mr. Dinh Quang Hoa, Head of the Supervisory Board of MIE, presented the 2024 Supervisory Board Activity Report, the 2025 Plan, and the Self-Assessment Report on the Performance of the Supervisory Board and Its Members in 2024
Mr. Vu Trung Thuc, Deputy General Director of MIE, presented the Report on the 2024 Financial Statements of the Parent Company and the Consolidated Corporation, the 2024 Profit Distribution Plan for the Parent Company, and the 2025 Profit Distribution Plan
Ms. Nguyen Thi Kim Anh, Chief of Office of MIE and Head of the Shareholder Eligibility Verification Committee, reported the results of shareholder eligibility verification for the meeting
Ms. Nguyen Thi Minh Tâm, Secretary of the Board of Directors of MIE, Head of Corporate Management and Market Development Committee, and Secretary of the Meeting, presented the draft Minutes and Resolutions of the General Meeting
The Board of Directors of MIE presented flowers to Mr. Hoang Minh Viet, former Member of the Board of Directors for the 2021–2026 term, on the occasion of his retirement
ORTHER NEWS
- › 6th Party Congress of the MIE Agency Party Committee, 2025-2030 Term (24/06/2025)
- › Conference on Implementing Measures to Execute Resolution 192/2025/QH15 of the National Assembly (14/03/2025)
- › MIE Leadership Visits and Extends Lunar New Year Greetings to Duyen Hai Mechanical Joint Stock Company (17/02/2025)
- › Mie’s conference summary of 2024 and 2025 task implementation (17/01/2025)
- › Announcement ceremony of the appointment of the new Deputy General Director of the Corporation (19/04/2021)
- › The Ceremony to announce the decision to appoint the General director of Machine and Industrial Equipment corporation (02/03/2021)
- › Machines and Industrial Equiment Corporation announced the task appointment and new Chairman of Vietnam National Complete Equipment and Technics Import-Export Corporation Limited (05/02/2021)
- › The 2020 Summary Conference of Machines and Industrial Equipment Corporation (16/01/2021)
- › Sesan 4 solar power factory connects to the national grid (01/12/2020)
- › The signing ceremony of credit contract term 2020 - 2021 (14/10/2020)
- › Progress meeting of the first 6 months of 2020 Machines and Industrial Equipment Corporation - JSC (MIE) (23/07/2020)
- › Contract signing ceremony of the investment project For improving valve opening system of spillway for Tri An Hydro Power Plant (06/05/2020)
- › Announcement ceremony of the decision of accting general director Machines and industrial equipment corporation - JSC (27/04/2020)
- › Announcement letter of position and signature of acting general director (20/04/2020)
- › Conference summary of machines and industrial Equipment corporation in 2019 and implementing tasks in 2020 (22/01/2020)
