ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
160
161
In 2024, An Cuong implemented numerous plans to navigate business activities amid challenging market conditions. Through relentless efforts, the Company achieved revenue target, ensured dividend payments to shareholders, maintained employment and welfare for the workforce. Regarding obligations to the State budget, the Company proactively coordinated with tax authorities to fulfill all requirements. Improving social welfare Material topics in 2024 (next)
The company consistently strived to implement sustainable business plans to ensure financial resources for business investments while fulfilling its commitment to increasing shareholder value. In 2024, the Company completed the second payment of dividend for 2023 and the first advance payment of dividends for 2024 in cash, with a total payout exceeding VND 240 billion. Maintained dividend policy An the contributions of all individuals toward the Company’s overall development as well as performance of division/department. Beyond ensuring salaries and bonuses that exceeded regional minimum wage requirements—and even surpassed those offered by competitors in the same industry and region—the Company implemented policies for immediate rewards or early salary adjustments for employees who demonstrated innovation, technical improvements, or discovered new working methods that enhanced productivity and reduced costs. Stabilized income for employees Cuong consistently acknowledged
Divident payout ratio for 2023
15% on par value
An Cuong fully complied with its tax obligations and payments to the State Budget on time, with contributions consistently increasing over the years. In 2024, the Company was listed in Private 100 - Top 100 Vietnam’s largest taxpayers and in the Top 10 private enterprises in the Consumer – Household sector with the highest budget contributions. During the year, the Company actively worked with tax authorities to account for and pay additional taxes for expenses not eligible for tax deduction. This reflects the Company’s commitment to upholding legal principles and adhering to its tax obligations. Contributed to the State budget
Total HR-related expense in 2024
609.0 VNDbn
Average per capita salary and bonus (VNDmn/month)
Source: An Cuong
Contribution to the State budget 2020 – 2024 (VNDbn)
Source: An Cuong
20.6
473
16.2
393
278
271
258
2020
2021
2022
2023
2024
2020
2024
Powered by FlippingBook