On the morning of September 6, 2023, Saigon Trading Corporation – One Member Limited Liability Company (SATRA) organized a Preliminary Conference on Capital Management and Capital Representation for the first 6 months of 2023.
Attending the conference were Mr. Vo Huu Hanh – Director of the Corporate Finance Department; Mr. Nguyen Huu Nghia – Party Committee Secretary, Chairman of the Corporation’s Board of Members and members of the Party Standing Committee, Board of Members, Board of General Directors, leaders of a number of specialized departments of the Corporation company and 59 capital representatives of the Corporation.
According to SATRA’s preliminary report on Capital Management and Capital Representation in the first 6 months of 2023, as of June 30, 2023, the Corporation’s investment portfolio includes 40 enterprises with total investment capital at market price. Book value is 2,029 billion VND, dividends and profits actually received in the first 6 months of 2023 are more than 2,818 billion VND, profit/investment ratio reaches 138.86%.
In the first eight months of 2023, dividends and profits actually received are more than 4,019 billion VND, reaching 112% of the 2023 dividend collection plan.
SATRA’s capital management activities and capital representatives have been implemented for more than 17 years with many achievements such as: In human resources work, the annual capital representative force planning has been completed; appoint a corresponding number of people to participate in capital representation and hold key positions in the Board of Directors, Board of Members, Board of Supervisors, Board of Directors, etc. to facilitate the management of shares. contributed capital, as well as performing the role of capital representative; Open a number of professional training classes to improve knowledge for capital representatives; Fully and promptly carry out reports according to the content specified in the regulations, provide solutions and proposals for problems and difficulties, and detect potential signs to provide warnings. Early warning helps limit risks, thereby protecting maximum benefits for SATRA.
Speaking at the conference, Mr. Vo Huu Hanh – Director of the Enterprise Finance Branch discussed capital management and capital representation. State capital representatives and SATRA capital representatives need to promote their roles and responsibilities, and proactively learn and update guiding documents, circulars, and decrees during their duties.
Speaking at the conference, Secretary of the Party Committee – Chairman of the Board of Members of SATRA Nguyen Huu Nghia praised the efforts of capital representatives in the first 6 months of 2023 when achieving positive results. , SATRA has preserved and developed the capital allocated by the state.
In the coming time, capital management will become more and more important as SATRA continues to promote the reorganization of businesses according to the restructuring project of Saigon Trading Corporation – One Member Limited Liability Company for the period 2022 – 2025 has been approved. Therefore, it is necessary to carry out parallel tasks such as: continuing to review the list of capital representative planning to supplement it in accordance with the practical situation as well as the strategic goals of the Corporation in the coming time. next; Build the next generation of unit leaders; Complete the set of criteria to evaluate the current capacity of the capital representative force; Develop training plans, especially training for new capital representatives taking on tasks; Strengthen supervision of capital representatives; act as a bridge to listen to feedback from units as well as support capital representatives in properly implementing legal regulations when performing the role of capital representatives.
In addition, the application of science, technology and technology to capital management and capital representation is necessary to improve the quality of operations, through investment and application of management and evaluation software. reports, data, and operating situation of businesses with capital contributions from SATRA.
In order to update and supplement knowledge in capital management and capital representation at SATRA, the conference also implemented training on the topic “Enterprise risk management – Identifying characteristics and prevention methods” led by Mr. Nguyen Ngoc Thanh – Deputy General Director in charge of Consulting – Training and Mr. Ngo Minh Tam – Senior Consulting Manager in charge of Risk Management services of A&C Auditing and Consulting Company Limited – Member of the Organization accounting, auditing and international business consulting presented by Baker Tilly International.  Also at the conference, capital representatives gave opinions, contributed, and shared about the current status of risk management at businesses and the operating situation at businesses with capital contributions from SATRA. |
