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Viet Thang Garment Joint Stock Company I Introduction 1) History Viet Thang Corporation – JSC; member unit of Vietnam Textile and Garment Group; Before 1975, it was Viet My Textile Company, a Textile.
Viet Thang Garment Joint Stock Company I Introduction: 1) History: - Viet Thang Corporation – JSC; member unit of Vietnam Textile and Garment Group; Before 1975, it was Viet My Textile Company, a Textile and Yarn Company (VIMYTEX), built in 1960, put into operation in 1962 by a number of domestic and foreign capitalists specializing in production: Yarn, Textile and Dyeing Finished - In May 1975, the State took over, nationalized, and assigned the Ministry of Light Industry to receive, manage and maintain production and business activities to this day - During its operation, the Company has repeatedly reorganized production under many different types and names: Viet Thang Textile Factory, Viet Thang Textile Factory, Viet Thang Textile Company, House Company Limited One member country Viet Thang Textile The development path of Viet Thang Corporation Year 1962 1975 2007 2009 2014 Event The company officially went into operation with the name Viet My weaving industry company (VIMYTEX), specializing in yarn production – weaving and finishing printing and dyeing The company was nationalized and assigned to the Ministry of Light Industry to take over, maintain VIMYTEX's production activities Viet Thang Textile Joint Stock Company was established under Decision No 3241/QD-BCN dated November 14, 2006 of the Ministry of Industry Viet Thang Textile Joint Stock Company was transformed into Viet Thang Corporation - Joint Stock Company, operating under the model of parent company - subsidiary company The company promotes investment to expand production, equips modern machinery and equipment lines to improve and diversify products, to meet the needs of domestic and foreign markets Total value of investment to expand production in the year is more than 450 billion dong (*) In March 2007, the Company was equitized and transformed into Viet Thang Textile Joint Stock Company In August 2009, it was transformed into Viet Thang Corporation – JSC 2) Main Product: Main products of Viet Thang Corporation are classified into two branches with four different products: a) Material: - Raw products provided by Viet Thang Corporation are increasingly popular and used by many partner businesses because of their high quality and affordable prices to meet the needs of producing high-quality, bulk products and the price is right - Raw products include two types with finished products as follows: +Yarn: Products made from yarn include: blankets, clothes, towels, fabrics, curtains, … +Rustic fabric: Products made from carpentry fabrics include: fashion clothes, bags, decorations (curtains, pillows, sofa mattresses, ) b) Final Product: - Finished fabric: Finished fabrics of Viet Thang Corporation in the textile industry now receive a lot of positive reviews not only from domestic and foreign partners but also from skilled tailors for their quality, durability The quality and reasonable price that it brings, besides the diverse designs also contribute significantly to the popularity of the product in the market - Garment products: The garment products of Viet Thang Corporation today are not only reflected in the quantity consumed in the market but also in the product quality which is highly appreciated by consumers, besides the garment products of Viet Thang Corporation The company also receives high appreciation from foreign partners and the company is always trusted to process products according to the requirements of international partners II Listing process on the stock market for Viet Thang Garment Joint Stock Company: The process of listing shares on the stock market of Viet Thang Corporation will include the following steps: 1.Meeting listing requirements: The textile company must meet the listing requirements of the stock exchange where it wants to be listed These requirements include financial, governance, and legal standards 2.Document preparation: The textile company must prepare the necessary documents for listing registration, including financial reports, annual reports, and other information about the company 3.Listing registration: The textile company will register for listing with the stock exchange, then must meet the requirements and complete the preparation steps to bring the company to the exchange 4.Stock issuance: The textile company will issue stocks for sale to investors on the stock market 5.Listing and trading: After meeting the requirements of the stock exchange and completing the stock issuance process, the textile company will be listed on the exchange and the stocks will be traded on the stock market 6.Monitoring and reporting: After listing, the textile company must monitor the stock trading situation and report financial results and important events to investors and regulatory agencies Listed price of Viet Thang Garment Joint Stock Company on the stock exchange: •Viet Thang Corporation- CTCP: Listed price at around 22,800 VND/share III Advantage and disadvantages of stock market procceding Viet Thang Garment Joint Stock Company: Viet Thang Corporation is one of the experienced and long-standing companies in the securities market in Vietnam The securities market procedures of Viet Thang Corporation have the following advantages and disadvantages: 1) Advantages: The securities market procedures of Viet Thang Corporation are carried out quickly and simply, helping customers save time and effort Viet Thang Corporation has a team of experienced, attentive and dedicated financial advisors who can help customers choose suitable transactions based on their needs and financial capabilities Information security: The transaction procedures of Viet Thang Corporation are designed to secure the personal information and accounts of customers, helping to prevent risks and minimize the risk of fraud Product diversification: Viet Thang Corporation provides a range of diverse products and services, including online securities trading, investment advisory, account management, and more This helps customers have many choices to meet their investment needs The company has good relationships with important partners in the financial and securities industry, ensuring transparency and credibility for customers' transactions 2) Disadvantages: For new customers starting to participate in the stock market, the trading procedures of Viet Thang Corporation may have higher costs compared to some other securities companies, as well as being quite complex and difficult to understand There may be situations where transaction fees or custody fees are too high, increasing the transaction costs for customers Depending on market conditions: The stock market is highly volatile, so customers trading stocks of Viet Thang Corporation may face high risks when stock prices fluctuate This company does not provide online investment support tools like some competing counterparts, reducing the convenience for customers who want to conduct online transactions In summary, the stock market procedures of Viet Thang Corporation have advantages and disadvantages, depending on the needs and financial capabilities of each customer who can choose the most suitable company to participate in the stock market IV Factors that affected on company operating: Based on the SWOT model, Viet Thang Corporation must face opportunities and challenges as well as review its weaknesses and strengths STRENGTH WEAKNESS - Viet Thang is one of the companies with scale and prestige in Vietnam's textile and garment industry today - Garment for export is mostly by processing method, the work of designing samples and fashion has not yet developed -Building close relationships with many importers, many large consumption corporations in the world - There are not enough sources of exportquality raw materials to supply the garment industry, so the added value is not high -Most of the textile and garment enterprises are small and medium, the ability to mobilize capital is low, and the ability to innovate technology and equipment is limited OPPORTUNITIES THREATS - Invest in product design, especially apparel and fashion products - Increasing input materials and competition among many countries - Regarding the strategy of expanding export markets, the Corporation also conducts activities of searching and developing a network of new export customers at international fairs - The unpredictable impact of the world - Economic impact on the textile industry worldwide -Qualifications and skills of textile workers have been significantly improved and Viet Thang also regularly organizes training courses to improve skills - Careful and timely direction of the Board of Directors and support from Vietnam National Textile and Garment Group (Vinatex) in management and technical work Viet Thang Corporation is facing opportunities as well as owning advantages to transform itself into a force in Vietnam's textile and garment industry, but at the same time, it is under pressure not only from competitors but also affected by the general international situation V Conclusion: -The profit of Viet Thang Corporation is relatively stable and there is not too much difference between the quarters after the market opens and the distance after the epidemic -The company's stock value dropped sharply during the strong outbreak of the Covid19 pandemic (2020-2021) - The value and development of the company depends on external factors (transportation costs, maintenance costs of workers and factories, epidemics, wars, .) -The company, through its association with other businesses, quickly filled the gap caused by the epidemic and opened up opportunities to penetrate new markets => Ensuring a stable supply of input materials, reasonable cost allocation, and optimal use of human and material resources are decisive factors for the existence and development of Viet Thang Corporation LIST OF REFERENCE 1) https://vietthang.com.vn/vi/ 2) https://finance.vietstock.vn/TVT-tong-cong-ty-viet-thang-ctcp.htm 3) http://s.cafef.vn/hose/TVT-tong-cong-ty-viet-thang-ctcp.chn 4) http://images1.cafef.vn/download/130717/tvt-bai-gioi-thieu-ve-cong-ty.pdf