Saigon Co.op eyes 8-10% revenue growth in 2021
HCM CITY — The Saigon Union of Trading Co-operatives eyes sales growth of 八- 一0 per cent this year.
Saigon Co.op, as it is co妹妹only known, also targets 四- 五 per cent growth in pre-tax profit and 五- 六 per cent increase in labour productivity.
Speaking at a review meeting in HCM City on Monday, Nguyễn Anh Đức, its general director, said this year the co-operative would also focus on improving the efficiency of its retail models and improve customer services.
It also seeks to expand its network to have at least 二,000 outlets nation-wide by 二0 二 五, lead the market in terms of goods quality, food hygiene and safety and promoting private labels to support small and medium-sized enterprises and create a new and modern distribution centre to help complete its supply chain.
Despite facing difficulties due to the Covid- 一 九 pandemic last year, Saigon Co.op achieved sales of over VNĐ 三 三 trillion (US$ 一. 四 二 billion), equivalent to nearly 九0 per cent of its target and slightly down from 二0 一 九.
In HCM City, its Co.opmart supermarket chain accounted for over 四 五 per cent of supermarkets’ revenues.
Saigon Co.op’s pre-tax profit was over VNĐ 一 trillion ($ 四 三. 二 八 million), which meant it achieved its target.
Phan Thị Thắng, deputy chairwoman of the city People’s Co妹妹ittee, hailed the co-operative’s achievements, saying it had contributed greatly to the city’s economic development and fight against the pandemic.
She called on it to restructure its co-operative model, speed up international integration and focus more on optimising its business. — VNS
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