Dear Valued Shareholders, Customers, Partners and Employees,
The year 2021 continued to be a diffcult year due to the Covid-19 pandemic, most of the Company’s operating areas in the Southeast region were severely affected, most of the manufacturing industries were suspended, in which construction and real estate business were hardest hit. However, with strong courage, stable internal resources, ﬂexible solutions, and the unanimity of employees, BIMICO has overcome challenges and achieved quite positive business results compared to the market, with revenue of VND 884.27 billion and proft after tax of VND 252.81 billion, equivalent to 90.3% of the plan. BIMICO was honored to be awarded the Asia Pacifc Business Excellence Award in 2021 – Organized by Enterprise Asia, voted in the Top 50 Most Effective Business Companies in Vietnam – Nhip Cau Dau Tu Magazine and Thien Securities JSC, Top 10 Vietnamese Gold Stars.
The company always ensures stable employment and the best welfare regime for employees. In addition, BIMICO also actively participates in social security programs, supporting local authorities in the prevention of the Covid-19 epidemic with a total value of more than VND 5.7 billion in cash and in kind. In addition, through the KSB Community Development Fund, the company has given more than 300 welfare gift bags to employees in hostels in Di An city, Thuan An city during the social isolation according to the directive of the Prime Minister of the Government… This is a testament to the efforts of enterprises to implement social responsibility. One of the Government’s socio-economic development orientations in 2022 is to focus on promoting public investment in transport infrastructure works (highway systems, Long Thanh international airport, etc.), metro projects, infrastructure in Thu Duc city…) will be a great advantage for BIMICO to break through in the current new normal. The program for socio-economic recovery and development in the two years 2022 – 2023 has been approved with a capital scale of up to VND 347,000 billion. The demand for construction materials is very large in public investment projects, industrial real estate segment continues to accelerate and residential real estate market around Ho Chi Minh City continues to explode. This will open up great growth opportunities for businesses in the industry, especially in key economic areas and have big projects like BIMICO.
Accordingly, with many quarries with large reserves such as: Tan My, Phuoc Vinh mines in Binh Duong, Thien Tan 7 mines in Dong Nai… and these quarries are located near highway projects and projects, good product quality is a favorable condition for BIMICO’s business plan. With the socio-economic development orientations that have been implemented drastically in recent years, the company fnds that the construction material mining industry will continue to be highly expected in the near future thanks to the promotion of public investment, especially in road and bridge works, infrastructure construction and recovery of the southern market after the pandemic.
In addition, BIMICO is planning to increase its ownership rate in Bien Hoa Construction and Building Materials Production Joint Stock Company (VLB), which owns many of the best and largest quarries in the Southeast region.
One of the company’s other investment areas is industrial real estate. Accordingly, KSB Industrial Park (Dat Cuoc) has been flled in phase 1. Currently, the Company is continuing to expand phase 2, with this expansion, the total area of KSB industrial park is up to 553 hectares. BIMICO is also promoting investment in new industrial zones in Dong Nai, Binh Duong to increase the business land fund for the following years. Along with the production of building materials, we determine that industrial real estate will be one of the two pillars that bring large and sustainable revenue in the coming years for KSB.
On behalf of BIMICO’s Board of Directors, I would like to thank our customers, partners, shareholders, and all employees who have accompanied the Company, and look forward to continuing to receive your support so that we can together conquer new milestones in the future.
Wishing you and your family good health and success.
PHAN TAN DAT
Chairman of the Board of Directors