ANNUAL REPORT 2024
TOGETHER IN BELIEF, LEADING IN INNOVATION
088
089
Financial Investment Activities In 2024, amid the complex developments in domestic and global macroeconomic conditions, the Company exercised strict control over financial investment activities with a focus on caution and efficiency. For prior investments, the Company implemented strict monitoring and maintained frequent engagement with partners to safeguard capital and optimize capital utilization. Regarding receivables from NovaReal, in line with the principle of prudence, the Company provisioned over VND 117.1 billion for this receivable. While this provision significantly impacted the 2024 financial results, active negotiations with the partner are underway, raising optimism for future recovery of the receivable. Overall, financial activities in 2024 continued to deliver relatively positive results, highlighted as follows:
Human Resources Management
Actual 2024 vs Actual 2023
As at 31/12/2023
As at 31/12/2024
HR plan for 2024
Actual 2024 vs Plan 2024
Item
Total employess (headcount)
2,633
2,465
-168
2,688
-223
Moreover, the Company has implemented resource optimization strategies aimed at reducing costs, curbing inefficiencies, and improving operational effectiveness. A cornerstone of the Company’s human resource strategy is our commitment to avoiding large-scale layoffs, even amidst economic challenges. Instead, the Company has employed a strategic approach to workforce realignment, ensuring a strong alignment between individual skill sets and job requirements. This initiative underscored the dedication of the BOM and all employees in sustaining employment, safeguarding income levels, and maintaining welfare for the labor force, particularly skilled professionals.
In 2024, An Cuong made substantial organizational adjustments as part of its ongoing digital transformation, automation and restructuring efforts across business and production operations. Despite achieving revenue growth in 2024 compared to 2023, as of December 31, 2024, the Company's total headcount stood at 2,465 employees, reflecting a reduction of 168 personnel compared to the end of 2023—a decrease of 6.3%. Additionally, this figure fell short of the 2024 human resource plan by 8.3%. Comprehensive training programs coupled with the expanded adoption of advanced information technologies, automation and upgraded management software systems, significantly enhanced operational efficiency and workforce productivity across all aspects of the business, including production, administration, and sales activities.
Financial Revenue
Financial Profit
163.3 VNDbn 2.3% compared to 2023
127.3 VNDbn 11.4 %yoy
Headcounts and Growth/Decline rate
Source: An Cuong
3,034
2,835
2,797
-1.3%
2,633
2,465
-5.9%
-6.4%
-6.6%
10.5% ‘20-’24 CAGR
8.7% ‘20-’24 CAGR
-16.7%
Source: An Cuong
2020
2021
2022
2023
2024
Annual change rate
Number of employees
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