Tinhvan Group's Member Units Defend 2013 Business Plan
2013-01-21 02:06:16
From January 7 to January 21, 2013, six member units of Tinhvan Group successfully defended their 2013 Business Plans.
Attending the business plan defense meetings were representatives of Tinhvan Group's Board of Directors, members of the Review Board consisting of senior leaders of Tinhvan Group, the Chief Accountant of Tinhvan Group, and leaders of the six member units.
During the meetings, each unit reported its business results for 2012 and presented detailed objectives and business plans for 2013. They also outlined specific action strategies and Key Performance Indicators (KPIs) to measure the results of those actions. These targets were set based on thorough analysis and close alignment with the market, customers, and internal processes.
With this approach, the Review Board analyzed each figure and target in a reasonable manner. The units had to satisfactorily answer the "why" questions regarding growth or maintaining targets in 2013.
In 2012, Tinhvan Group completed its restructuring phase into a Group model with six member companies operating in the software/digital content market and nearly 30 branded products with good revenue. The Group's total revenue reached VND 220 billion, a 50% increase compared to 2011. The mass segment, including Tinh Van Telecommunications Joint Stock Company and Minh Chau Entertainment Joint Stock Company, achieved remarkable growth, accounting for 50% of the Group's total revenue.
Based on these achievements, the Board of Directors determined that in 2013, Tinhvan Group would focus entirely on the IT, software technology, and digital content market—a highly volatile, rapidly changing and developing market that constantly demands high adaptability, integration capability, and creativity. The goal is to build Tinh Van into a Technology and Business Ecosystem, where each unit and each product/service establishes certain positions and synergizes within a comprehensive picture.
Hong Nhung