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Conference summary of machines and industrial Equipment corporation in 2019 and implementing tasks in 2020

22/01/2020

In the morning of January 10, 2020, at the headquarter of Machines and Industrial Equipment Corporation, MIE held a Conference to summarize the work in 2019 and deploy the tasks in 2020.

Attending the meeting were the comrades in the Board of Directors, Board of Directors, Head of Supervisory Board, Union President, Head of Divisions, Boards, and Centers Corporations and Leaders of units under the Corporation.

Chairing the Conference: Mr Tran Quoc Toan, Chairman of the Board and Mr Nguyen Khac Hai, General Director of the Corporation.

Content of the Conference:

1. Commendation for collectives and individuals with outstanding achievements in 2019.

2. Summary of activities in 2019, work plan in 2020.

3. Launching emulation making achievements to celebrate the great feasts of the country and 30 years of establishment of the Corporati

At the Conference, after Deputy General Director Pham Thanh Dong presented contents of Summary Report 2019 and Work Plan 2020; The opinions of the Chairman of the Corporation, the opinions of the Chairman/General Director of units, Head of Supervisory Board, President of Trade Union Corporation on the content of discussion of the Conference.

The General Director of the Corporation concluded comments after analyzing and evaluating the comments as follows:

1. Evaluation of the work results in 2019

1.1. Production and Business Activities

- Business results in 2019: 6/7 targets exceeded plan out. In which, export target increased by 17.6% compared to 2018, increasing 17.6% of the year plan; Profit before tax increased by 16.3% compared to 2018, increased by 3.3% compared to the year plan; Average income increased by 10.1% over the year 2018, up 7.6% of the year plan. Particularly, the import quota had not reach the plan.

- Business activities of the units: most of the growth, refund completed and exceeded the plan. The targets and product structure follow closely oriented development and annual production and business plan have been approved.

1.2. Equitization Settlement

Currently, the Equity Settlement Examination Team of the Ministry of International Trade and Industry is settling the settlement at 04 units, of which 03 units have written records, 01 application are waiting for the record.

1.3. Divestment

Divestment in 2019: divesting state capital in the parent company; regressive investment capital in subsidiaries: there are many problems with legal procedures there are legal amendments and adjustments, so the divestment did not complete, the deadline for completion is unknown.

1.4. Financial management

- The financial supervision of the Corporation at the units continues to be completed. Evaluation and steering documents have been issued for each unit on the supervising content.

- In 2019, the Ministry of International Trade and Industry has completed its financial supervision for the Corporation in 2017 and 2018.

- The financial management of the Corporation, of units, already changed for the better: the leader of the unit clearly defined importance, closely followed to the contents to direct actions, actively handle, solve current problems. The first step got positive result.

1.5. Development orientations of the Corporation and units: has been approved by the Ministry of Industry and Trade, the General Meeting of Shareholders and approved by the Board of Directors.

1.6. Implementing the Corporation's conclusions at the working sessions at the unit:

The units took the initiative and seriously implemented the conclusions of the General company. The requested contents and tasks have had results and completed assigned tasks.

2. Developing a 2020 plan

2.1. Production and business activities

a) The production and business plan for 2020 is based on the macro-economic situation, the actual capacity of the Corporation and its units as well as the development orientation, the approved 5-year production plan with The following key indicators

Consolidated whole Corporation

- Total revenue: 1,320 billion VND

- The industrial production value is 840 billion dongs.

- The turnover of industrial production is VND 840 billion.

- The export turnover is the US $ 5.5 million.

- The import turnover is USD 4.0 million.

- Profit before tax: VND 10.1 billion

- The average income of 9.5 million VND / person/mon.

Parent company

- Total revenue: 470 billion VND

- The industrial production value is 390 billion VND.

- The turnover of industrial production 390 billion VND.

- Profit before tax: 3.0 bilion VND

- The export turnover is the US $ 2,2 million.

- The import turnover is USD 3.0 million.

- Profit before tax: VND 10.1 billion

- The average income of 17.6 million VND / person/mon

b) To successfully implement the business and production plan in 2020, Leaders of the Corporation, Leaders of active units, focus on the direct and implementation as the following main contents:

- Concentrating on resources to boost production activities at the parent company, at the units.

- Persevering and following to the implementation of 5 solutions stated in the Report to successfully completed the production and business plan..

- Continue to review and complete the legal mechanism on Management and Managing Corporation.

- Continue to strengthen the business management, financial management at the parent company, at the subsidiaries.

c) According to the 2020 cost plan targets, submitting them to the Board of Directors for reporting and submission Annual General Meeting of Shareholders approved by 2020.

3. Emulation movement to set up achievements on the occasion of 30 years of establishment of the Corporation

On the occasion of celebrating the country's big holidays in 2020 and welcoming 30 year of establishment of Corporation, Corporation and Executive Committee of Trade Union of General Corporation has launched an emulation movement under Joint Plan No. 28 / KHLT-MIE-CD on 08/01/2020.

The leaders of the Corporation, the leaders of the member units thoroughly, direct and organize the strict implementation of the Joint Plan issued, ensuring thrift, solemnity, practicality and efficiency..

Photos at the Conference