Machines and Industrial Equipment Corporation: Held the Meeting for Review 2017 and task implementation 2018

A meeting for Review 2017 and task implementation 2018 was held at head office of the Machines and Industrial Equipment Corporation on January 1, 2018.

 

The meeting welcomed presence of of BOD members, BOM members, President of Trade Union and leaders of MIE’s subordinated units. The meeting is co-chaired by the Mr. Tran Quoc Toan, Secretary of the Party Committee, BOD Chairman, and Mr. Nguyen Khac Hai, Deputy Secretary of the Party Committee, MIE General Director.

 

As assigned by BOM, Mr. Pham Thanh Dong, MIE Deputy General Director presented the statement on business performance 2017 and implementation of plan 2018. Accordingly, 2017 was a difficult year due to world situation objectively and national situation subjectively, but thanks to favorable factors, and also taking advantages of support of higher levels and efforts of all employees, especially in radical steering of the heads of units, the MIE’s business performance continued to grow not only compared to the plan of the year but also against the previous year’s plan, especially exceeding the target set in the Resolution of the General Meeting of Shareholders. Particularly for the controlling companies - Single member Limited Liability Company: their total revenue was VND1,403 billion (up 16.7%  against the plan of 2017 and up 10.9% over 2016), industrial output value was VND 769.4 billion (up 5.2% against the plan of 2017 and up 16.3% against 2016), industrial production value was VND 769.4 billion (up 5.2% against the plan of 2017 and up 7.4% against 2016), pre-tax profit was VND 8.58 billion (up 14% against 2016), average income was VND 8.17 million/person/month (up 14% against 2016). Typical for the growth of production and business were Hanoi Mechanical Single Member Limited Liability Company, Quang Trung Mechanical Single Member Company, Duyen Hai Mechanical Joint Stock Company; For associate companies: Their total revenue was VND 535.7 billion, industrial output income was VND 522.7 billion, average income was 8.6 million/person/month.

 

Along with business operations of 2017, MIE also boosted business restructure, settlement of capitalization, financing activities and others as directed by the Government and the Ministry of Industry and Trade. The MIE’s trade union activities enjoyed various significant achievements, especially directing and guiding successful organization of Congress of the Trade Union at grassroots level and the 5th Congress at term 2017 – 2022, Congress of MIE’s Trade Union; actively worked with experts to solve difficulties in production and business operations and well organized patriotic emulation movement, “Excellent working, creative working” movement, “Theoretical acquisition, skill practice” movement, especially successful organization of MIE skilled worker contest after more than ten years of interruption.

 

In 2018, MIE strives to achieve and exceed the following targets: Total revenue of VND 1,200 billion, industrial production value of VND 779 billion, industrial production turnover of VND 759 billion, export turnover of USD 3.8 million, import turnover of USD 3.5 million, monthly income per capita of VND 8.3 million. Accordingly, to achieve and exceed these targets, MIE offers solutions on organization and governance; market; financial work, money; those on recruitment and training of human resources; intensive investment and application of science and technology.

 

The meeting also included presentations presented by representatives of members units, such as Hanoi Mechanical One Member Co., Ltd., Quang Trung One Member Mechanical Co., Ltd, Duyen Hai Mechanical Joint Stock Company, Hai Duong Grinding Wheels Joint Stock Company, Mecanimex Company, etc., all meeting participants highly agreed upon the business performance 2017 and orientations for 2018 of MIE reported by Mr. Pham Thanh Dong, MIE Deputy Director. At the meeting, the business performance 2017 and 2018 was also presented regarding advantages, difficulties and obstacles to address and requiring help of not only MIE but also unit members operating under MIE. Mr. Tran Quoc Toan, Secretary of Party Committee, MIE BOD Chairman stated at the meeting on his sharing with the difficulties of member units, and also suggested the direction of sustainable development in the current period and in the coming time. Mr. Tran Quoc Toan emphasized that each time of overcoming difficulty offers a great opportunity and also valuable experience in leadership, management and operation of each of the enterprise units, significantly contributing to improvement of the professional spirit.

 

As authorized by the Minister of Industry and Trade, Mr. Tran Quoc Toan, Secretary of Party Committee, MIE BOD Chairman  awarded the Competition Flag to MIE for its achievements in production and business in 2017, contributing to development of Industry and Trade in Vietnam.

 

Concluding the Meeting, Mr. Nguyen Khac Hai, Deputy Secretary of the Party Committee, MIE General Director highly appreciated, praised and acknowledged the achievements of MIE in 2017 made thanks to great contribution of MIE member units and Trade Union; and also express his desire of completing and exceeding the planned targets and the targets set in the approved and promulgated Resolution of the General Meeting of Shareholders in 2018. Accordingly, the member units should accelerate their finalization of equitization, ensure targets on revenue and profit as planned as well as stable work-income for workers to contribute to  MIE’s overall achievements. Mr. Nguyen Khac Hai emphasized that “Each Party member, especially the head of the unit, should have professional spirit, continue to take advantage of opportunities, overcome all difficulties and make efforts to be better at work, contributing to the unit’s development and also the achievements of MIE – the common house”.

 

On behalf of the Board of Management, Mr. Nguyen Khac Hai, Deputy Secretary of the Party Committee, MIE General Director sent to all those present at the meeting and their families on the occasion of Lunar New Year 2018 his best wishes for health, success and happiness!

 

Some photos taken at the Meeting for Review 2017 and implementation of plan 2018 of MIE
 

The Meeting

 

Mr. Pham Thanh Dong, MIE Deputy General Director presented the statement on business performance 2017

and implementation of plan 2018
 

MIE BOM received the Competition Flag of the Ministry of Industry and Trade and congratulation flowers presented

by Mr. Tran Quoc Toan, Secretary of the Party Committee, BOD Chairman

Mr. Nguyen Khac Hai, Deputy Secretary of the Party Committee, MIE General Director concluded the Meeting