ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
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Strategic guidance for 2025
In 2025, with a strategic vision for the 2025–2030 period, the Company will continue implementing digital transformation projects and restructuring resources to reinforce competitive advantages and enhance management capabilities. Business development activities will be designed and executed in line with principles that emphasize maximizing investment efficiency, streamlining organizational structures, optimizing costs, and maintaining a strategic focus on core business. Strategically prioritizing all resources to expand production capacity and continuously elevate product quality; Exploring and researching technologies and investment opportunities to build ecosystems and expand value chains related to the Company's core business, with a commitment to deliver long-term values for shareholders and other stakeholders. Achieving this requires promoting an innovative approach in customer engagement and sales activities, while leveraging technology to enhance brand recognition and deliver exceptional customer experiences. Sustaining the Company’s postion as a trend-setter through the continuous introduction of new collections featuring diverse designs, colors, materials, and superior quality. Additionally, developing new product lines tailored to evolving market demands to reinforce competitive positioning. Leveraging advanced systems and technologies to enhance management capabilities; Optimizing the integration of information technology and AI to reduce costs, improve labor productivity, and reinforce risk management. Additionally, fostering a company-wide culture of continuous learning and ongoing improvement. Maintaining the innovative financial strategies in order to sustain a resilient balance sheet, ensure strong financial health, maximize capital efficiency and safeguard reserve capital to mitigate the impact of economic fluctuations. Furthermore, the Company will actively identify and pursue investment opportunities that are relevant to and enhance the core business. Maintaining compliance with environmental management certifications; Enhancing the greenhouse gas inventory data collection system in accordance with ISO 14064-1:2018 standard, aiming to establish a benchmarking framework for subsequent years. The Company will continue to carry out training programs to improve employees’ awareness and understading of ESG principles, fostering company-wide engagement and commitment to sustainability objectives. Furthermore, the Company will closely collaborate with partners, suppliers, and customers to promote ESG goals, creating long-term value for the community and the environment.
The BOD's Strategic Direction and Guidance for the business operations
Maintaining a strong focus on core business
Maintaining the Company's leadership position in the high-end and upper-mid-range segments of industrial wood and Expanding domestic market share Advancing Research and Development (R&D) activities
Accelerating digital transformation initiatives
Strategic Vision for the 2025 – 2030 period
The 2025–2030 period marks a transformational phase for the business community and, in particular, for An Cuong. This period could offer significant opportunities for corporations and professionals capable of adapting to change, embracing emerging technological advancements, and capitalizing on the extensive integration of artificial intelligence (AI) into business operations. In alignment with these trends, the BOD strategically prioritize accelerating technological transformation and fostering an innovative culture across all aspects of the Company's operations. Regarding the carbon neutrality goal, the Board of Directors continues to define short-, medium-, and long-term targets: Achieving an annual reduction of 2% in greenhouse gas emissions per unit of revenue; Implementing socio-environmental initiatives aimed at carbon elimination and mitigation of the greenhouse effect;
Maintaining the innovative financial strategies
Promoting ESG activities
Promoting energy transition activities.
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