Outstanding Achievements at the 2024 Annual Business Conference
On November 8, the Hanoi Stock Exchange (HNX) held the 2024 Annual Business Conference, an event of significant importance aimed at summarizing and evaluating the performance of listed and registered companies. The conference report showed that the average score for companies in the 2023-2024 period was 54.74 points, representing a 25% increase compared to the 2022-2023 evaluation (43.76 points). This notable improvement reflects advancements in adopting corporate governance standards.
The evaluation report, conducted independently by the Banking Academy with 72 criteria based on Vietnamese regulations and best practices from the ASEAN Corporate Governance Scorecard and G20/OECD principles, assessed 308 out of 881 listed companies on the UPCoM market. Among them, the transport and warehousing sector had 28 representatives, with ICD Tan Cang Song Than JSC standing out for its positive results.
ICD Tan Cang Song Than achieved an impressive score, securing its place in the Top 10 large-scale public companies excelling in corporate governance and transparency for the 2023-2024 period. This recognition underscores the company's commitment to legal compliance and the application of top-notch governance standards, enhancing its reputation in the Vietnamese stock market.
Impressive Efforts and Business Results
Despite 2024 being a challenging year for many companies amid economic fluctuations and fierce market competition, ICD Tan Cang Song Than reported solid progress. Effective leadership by the company’s management helped mobilize employees’ responsibility and dedication to fulfilling business plans. As a result, the company anticipates a 9.9% revenue growth for 2024 compared to 2023, while pre-tax profit is projected to increase by 16%.
Being honored by HNX and the State Securities Commission in the Top 10 public companies for good governance is well-deserved recognition for the sustainable strategies the company has implemented. This achievement not only reinforces shareholder confidence but also motivates the workforce to continue demonstrating their skills and dedication.
ICD Tan Cang Song Than has demonstrated that adhering to advanced governance standards and transparency brings not only short-term accolades but also plays a crucial role in building long-term sustainability and growth. The company’s success affirms its position within the transport and warehousing sector and contributes to raising the standards of information disclosure in the Vietnamese stock market. These accomplishments lay a strong foundation for future growth, meeting the expectations of both domestic and international investors and enhancing the global competitiveness of Vietnamese enterprises.
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