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Preparing for listing on Stock Exchange Market

Saigontourist Transport Corporation has just successfully organized the annual shareholders meeting in 2009 also approved a plan to increase Company chartered capital preparing for listing on stock market.

The Shareholder meeting of Saigontourist Transport Corporation elected the Management Board and the Control Board in the new term 2010-2015 including  Mr. Nguyen Huu Tho, Chairman; Mr. Dinh Quang Hien, Vice Chairman concurrently General Director, the Members : Mr. Nguyen Hong Son, Mrs. Nguyen Thi Thanh Phuong, Mr. Nguyen Kim Trung. The Control Board consists of Mr. Duong Hong Minh at the head of leader and other members of Ms. Thai  Hong Van, Mr. Nguyen Minh Nhut

Promote joint ventures

  General Director of Saigontourist Transport Corporation, Mr. Dinh Quang Hien   said: in 2009, although economic conditions were difficult but the company is still trading efficiency; the total revenue of 130 billion 282 million VND; gross profit   of 18 billion 955 million; dividend  of 12% per share.

Company leader sign cooperation agreement in Japan

Besides upgrading the investment of cars 7 seats and 4 seats to replace old cars. The Company focused to develop the projects such as office project and apartment for rent at 99C Pho Quang St., Su Van Hanh project , and construction project located at 106/781 Nguyen Kiem, Go Vap ...

Some projects in the provinces as Phu Quoc project where Kien Giang province People's Committee has agreed to the company in planning Sea Resorts and Conference Center belongs to the residential area of North and South of Truong Beach.
In addition, the Company also signed cooperation contracts with Thu Duc Travel Service Company with 2 projects of 12 storey luxury building project and to build factory, warehouses for rent. Defining to cooperate with other companies to promote the strengths of each side on their fields, the Company has signed a cooperation contract with Vietinbank – HCM City Branch to become strategic partner in business development

Moreover, the Company has associated with An Nghiep Phat Development & Construction Joint Stock Company to develop some projects. In the transport field, the company has cooperated with Vina Dong Duong Company to invest taxi and develop another services.

Developing business multi-sectors

In 2010, the company continues to invest more new cars and expanded  joint venture, cooperation to develop and effect on Saigontourist taxi business  and  car for rent to meet the needs of customers.

In the travel services, MICE, Company strengthen travel operations under closed process, ensuring supply the best services to serve customers in the fields of accommodations, domestic and international travel, conferences and seminars organization. Cooperation with foreign corporations to exchange travelers, MICE, hotel booking, air ticket...

As forecast, VN economy continues to face difficulties, Company has focused on other business activities. Vocational school, labor export are considered as key activities of the company in 2010. So the company focused on building infrastructure and more investment in equipment, ensure the standards of vocational schools. Strengthen the quality of teaching to ensure that school students are practicing skills to meet the society requirements

The company has also associated with the vocational school to train multi-occupation. In order to promote the labor export service, Company expands overseas markets as Singapore, Japan, Australia, America, Taiwan, Malaysia, Macau, Hong Kong, Dubai, Libya. At the same time to promote searching foreign partners that need to recruit VN workers. planning to seek labor source and training for labor to work overseas .

In 2010, the company had implemented to export labors to work in the signed countries which was approved by the Department of Overseas Labor Management as: sending laborers to work in Malaysia in the fields of electronics, metallurgy, interior; working in Macau in restaurants, hotels; working in Japan in hotels, resorts...

In 2010, the Department of Overseas Labor Management approved for Company selecting laborers in the provinces of Lao Cai, Son La, Kon Tum, Lam Dong, Dien Bien and other poor districts in the country to work in Malaysia. Company is particularly interested in a new field of the security service.
At the present, LongVan Co., Ltd. has provided security guard and other related services for hotels, restaurants in the system of Saigontourist and other units. The company has opened professional security training courses to provide for the requested units and export  this service to other countries

Being approved by Ho Chi Minh City Stock Exchange, the company is preparing to list its shares on HCM City stock exchange market. To stabilize and expand business operations and develop projects , the Company also plans to increase its charter capital from 80 billion to 110 billion. At the present, Company's shares mainly sell to existing shareholders not sell out to the market