On 16 January 2019, at Rex Hotel in Ho Chi Minh City, Tracodi received VNR500 Award, recognizing TCD to be ranked in Top 500 Largest Enterprises of Vietnam and is compiled by Vietnam Report JSC in cooperation with VietNamNet newspaper.
Ms. Le Thi Mai Loan – Deputy CEO of TRACODI received the certificate at the ceremony
VNR500 is based on the Fortune 500 model, which lists the top 500 US companies by revenue of the previous year. In Vietnam, the ranking of the 500 largest enterprises is based on the results of independent research and evaluation as per international standards of the Vietnam Report Company, and has been announced annually since 2007. The VNR500 rankings give people an idea of Vietnamese businesses and let the local business community recognize its position in the context of global integration, business strategy, and corporate governance. Based on this reality, enterprises can set up plans to reach out to large businesses in the region and around the world.
This is the first year TRACODI is honored to receive this award. It shows our efforts, innovation, business improvement and sustainable development. Meanwhile, it affirmed TRACODI brand in Vietnam market.
Sharing about the achievement, Ms. Le Thi Mai Loan – Deputy General Director – stated: “with our goal of sustainable development and to become one of the leading construction companies in Vietnam, to achieve this goal, it is thanks to unremitting efforts of our employees and top management”.
In 2017, TRACODI is recognized as one of the enterprises who has had impressive growth in revenue and profit compared to other companies in the same industry. In particular, the consolidated profit before tax reached VND 91.3 billion, meeting 122% of the 2017 plan approved by the AGM.
In 2018, the profit before tax is expected to reach VND 96 billion, fulfilling the profit plan for 2018. It is expected that the Company will propose to the Annual General Meeting of Shareholders to approve the 2018 dividend payout ratio of 15%.
Enter 2019, we continue focusing on our core businesses and implementing projects invested by the parent company – BCG.