Saigon General Service (Savico) appointed Mai Viet Ha as the company CEO from January 19. He was the company’s deputy general director in charge of trade and service before becoming the CEO,
An MBA from Netherlandish Maastricht School of Management (majoring in the automobile industry), Ha will prove valuable to Savico as one of the company’s three focus sectors is auto services.
Meanwhile, Minh was resigned to devote time to Ben Thanh Corporation by the HCM City People’s Committee. Ben Thanh Corporation is a large shareholder of Savico. Minh will retain his position as member of Savico’s management board.
In addition, Ta Phuoc Dat, another Savico’s deputy general director (in-charge of finance and accounting) has resigned and joined as general director of Binh Duong Ford, a unit of Savico. Dat is also a current board member in Savico.
“We are restructuring the company, merging and reducing some departments as well as re-organising key positions, aiming to transform the company positively,” Minh said in a statement.
In 2014, Savico’s revenue was estimated at $370.9 million, increasing 20 per cent over 2012 and exceeding the target by 12 per cent. Its gross profit was around $5.2 million, rising 32 per cent year-on-year. The trading and service operation brought about 69 per cent of the profit, while real estate and financial activities accounted for 29 per cent and 2 per cent, respectively.
The sales of cars and trucks also jumped 29 per cent to almost 14,000 units. The company expects each category of operation will grow by 7 to 10 per cent this year.
For the future plan, Minh said among the three pillars, the proportion of trade and service, real estate and finance in the total asset will be 50-60 per cent, 35-40 per cent and 5-10 per cent, respectively.
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