Long Giang E&C is a key member of Long Giang Group. The efforts of Long Giang E&C contribute an important part in the common success of Long Giang Group. On the other hand, the amount of success of Long Giang Group also generates good premises and foundation for Long Giang E&C’s constant growth.
Upon the positive growth foundation of 2018, with great goals and high spirit of determination, within the first 9 months of 2019, Long Giang E&C along with other members of Long Giang Group has always been persistent, making efforts in creating new impressions, continuing to prove its powerful inner forces and striving.
The preliminary statistics for the first 9 months of 2019 is as follows:
- The revenue of Long Giang Group reaches 1.165 billion dongs, in which Long Giang Land earns 1.012 billion dongs; Long Giang E&C earns 91 billion dongs and Rivera Invest earns 43,8 billion dongs.
- Long Giang Group’s profit reaches 120,8 billion dongs, in which the profit of Long Giang Land is 111,6 billion dongs.
- Total number of sold apartment is 185 apartments; the number of handed over apartment is 393 apartments; the earned apartment sales revenue is 862,5 billion dongs.
Alongside those notable operation result indicators, the first 9 months of 2019 also recognized the success of Long Giang Group in organizing considerable activities, events and bears great significance for the company’s growth. The main events, activities making the marks of Long Giang Group in the first 9 months are recalled as follows:
1. Summary conference of 2018 and plan execution conference of 2019
The conference of summary of 2018 and plan execution of 2019 was held on the 21st and 22nd of January 2019 has closed up 2018 with numerous successes of Long Giang Group, presented by record operation result indicators – nearly 1.200 billion dongs of revenue and over 110 billion dongs of profit. With an open mind and straightforward and sincere communication, the conference has looked directly into not only advantages but also limitations of groups of company during the operation process, and on that basis, offered directions and operation plans of the Group in 2019 with a lot of important objectives and renovations.
2. 1st Conference of Hanoi Rivera Park apartment cluster
On April 21, 2019, at 69 Vu Trong Phung, Thanh Xuan District, the “1st Conference of Hanoi Rivera Park apartment cluster” was well organized with the participation of 71,94% of apartment owners agreeing to integrate the building to the apartment cluster, also with the presence of local authority’s representative, investor and managing unit. The conference has elected the Board of Management for the tenure of 2019-2022, selected Rivera Homes Real Estate Management and Development Joint Stock Company as the operation managing unit of Hanoi Rivera Park apartment cluster. At the same time, it has adopted lots of documents, regulations and other critical content according to Circulars and guidance of the Ministry of Construction. Taking part in and expressing his opinions at the Conference, Mr. Nguyen Xuan Tho – Chairman of Thanh Xuan Trung Ward People’s Committee – highly appreciated efforts and responsibilities of the investor Long Giang Land and showed his expectation that Hanoi Rivera Park apartment will be an exemplary apartment in the area of Thanh Xuan Trung Ward as well as Thanh Xuan Ward.
3. The Annual General Meeting of Shareholders of 2019
On April 27, 2019, at the building of 173 Xuan Thuy, Cau Giay, Hanoi, Long Giang Investment and Urban Development Joint Stock Company (Long Giang Land, Stock symbol: LGL) has successfully organized the Annual General Meeting of Shareholders of 2019. The Meeting has recorded the participation of over 100 shareholders, representing 38,727,806 shares, equivalent to 77,46% of the total voting shares. The General Meeting has elected Mr. Nguyen Anh Tam as a member of the Board of Management for the tenure of 2017-2021, via the operation result report of 2018 and the operation plan of 2019 of the Board of Directors. Accordingly, in 2019, Long Giang Land sets the revenue goal for its parent company to reach 1.400 billion dongs, post-tax profit to reach 125 billion dongs and raise the company’s charter capital up to 640 billion dongs.
4. Completion of Long Giang Land’s annual report of 2018 and participation in the Annual report contest held by the Security Commission
In order to assist the relationship development among investors, and create a legitimate information portal as the bridge between the company and shareholders and partners, on April 19, 2019, Long Giang Land has officially issued the publication of Annual report of 2018. This publication was invested in with thorough, transparent and scientific execution based on international standards and practices; publicly posted on the company’s website and personally delivered to the big investors and shareholders. The Annual report of 2018 is also the first publication selected by Long Giang Land to compete in the Annual report contest constructed by the Security Commission. This is a prestige contest, which attracts the participation of 90% of the reports of listed companies on the stock exchange. The judging process up until present indicates that the Annual report of Long Giang Land is currently in the Top 25 reports evaluated the highest by the judges and officially got into the final round of the Annual report contest of 2018.
The publication of Long Giang Land’s Annual report of 2018
5. Promulgation of 2019 version of Long Giang Group’s internal management regulation
On June 10, 2019, the 2019 version of Long Giang Group’s internal management regulation was issued and came into effect. This version of the regulation is comprehensively upgraded, targeting the formation of a professional working environment and civil behavior standards within Long Giang Group. To help our personnel to timely grasp the content in order to apply into real situations in a simultaneous, agreed and effective manner, Long Giang Group has executed the Internal management regulation training program for 100% managers and staff. This is the foundation for Long Giang Group to continue improving the performance and efficiency and timely meet the developing needs of the Group in the new phase. Currently, the e-publication’s content of internal management regulation has been posted publicly on Long Giang Land forum.
6. Restructure of the operating system of Long Giang Group
In order to increase the adaptability before a fluctuating market and complete the objective of sustainable Development, Long Giang Group has taken the initiative in the restructure of its operating system with a more reasonable and closer connection among member companies, in which, Long Giang Land, Long Giang E&C, Rivera Homes and Rivera Invest play the part as 4 core companies. Concurrently, Long Giang Group also finished the restructure of Long Giang Group companies’ leading officer system. Such restructure of the operating system and managers not only contributes in improving the operating efficiency, enhancing the competitiveness, boosting the member companies’ growth, but also displays the long-term strategic vision of the Executive Board as well as the Group’s major growth potential in the future. Until present, after 3 months of the new structure, the operation and connection of the system have gradually become stable, forming the foundation for the Group to continue accomplishing new goals.
7. Completion of Long Giang Group office renovation on the 24th floor – 173 Xuan Thuy
In September of 2019, the office renovation on the 24th floor of the 173 Xuan Thuy building was officially completed and put into service. This is the working location of the entire office workers of Long Giang Land, Long Giang E&C. With the overall upgrade, the ground of 24th floor is a modern working space, a convenient location for meeting and work discussions with partners for the entire personnel.
8. Rivera Homes entering into the operation managing contract in regards with Hanoi Rivera Park apartment cluster, retaining its role as the managing unit of Saigon Rivera Park
Upon the contract concluded with the Board of Management of Hanoi Rivera Park apartment cluster (August 2019), Rivera Homes will continue its duty as the managing unit of Hanoi Rivera Park apartment cluster in the following time. This outcome partly shows the trust and high appreciation of the Board of Management as well as the citizens for Rivera Homes – a unit that has always been accompanying and serving the citizens’ life from the project’s first days of operation. Simultaneously, Rivera Homes also proceed with its role as the managing unit of Saigon Rivera Park. As a real estate managing unit, Rivera Homes constantly makes efforts to bring about maximum benefits for the citizens with quality and devoted services. The company has successfully held celebrating events for June 1st, Mid-Autumn Festival for citizens of Hanoi Rivera Park and Saigon Rivera Park buildings; regularly organized meaningful activities such as Green Sunday; coordinated in preparing the fire and rescue drills, activate and raise the awareness for citizens in protecting the landscape and living environment, etc.
9. Implementing the voluntary health care insurance program for personnel of Long Giang Group
With the objective of constant improvement of material life and spirit of our personnel and enhancement of the human terms in Long Giang Group’s culture, the Group has implemented the voluntary health care insurance program for the entire personnel of Long Giang Group. Accordingly, each qualified employer is entitled to purchase a health care insurance package valid for medical consultation and treatment at credible international hospitals such as Vinmec, Thu Cuc hospital, etc. with high-quality medical services within 1 year. Employees with the need to purchase the insurance for their family members can register such purchase under the company’s price with the discount rate of up to 35%. Till present, Long Giang Group has completed the purchase and insurance card hand-over personally to qualified employees with a total value of 430 million dongs.
10. Over 1,1 billion dongs of funding for charitable programs
With the human spirit, willing to share with the much disadvantaged in the society, from the beginning of 2019 until present, Long Giang Group has funded over 1,1 billion dongs for charitable programs, in which there were outstanding events such as charitable constant congee supply at Duc Giang Hospital and Dien Bien Hospital, Mid-Autumn festival for children of Pu Dua Hamlet, Quang Chieu Commune, Muong Lat District, Thanh Hoa Province, and medical consultation support for highlands people in Ha Tinh and Hoa Binh Provinces. These activities not only speaks partly of the compassionate spirit of the executive board and personnel, but also shows the sustainable developing direction of the company towards the balance and harmony between economic and social goals. The impressive numbers and events mentioned above have revealed an overall picture of operation with lots of highlights of Long Giang Group within the first 9 months of 2019. These accomplishments are the results of teamwork and efforts on the daily basis of each member company and each employee. They are also the significant foundation and driving force for further developing steps and greater achievements of the Group in the remaining journey in 2019.
In the plan of the last 3 months of 2019, during the sprint phase, Long Giang Group set the objectives of:
- Long Giang Group’s revenue to reach 804,5 billion dongs, in which the revenue of Long Giang Land is 488 billion dongs and of Long Giang E&C is 236,3 billion dongs;
- Long Giang Group’s profit to reach 77 billion dongs, in which the profit of Long Giang Land is 63,3 billion dongs and of Long Giang E&C is 9,6 billion dongs.
30 handed-over apartments, earning 33 billion dongs of apartment sales revenue. The second half of 2019, with events at the end of 2019 along with those impressive operation goal indicators, will be the time that Long Giang Group leave its mark by organizing a chain of principal events and activities, including:
- Conclusion of Hue River Park Sales Cooperation Agreement
- Commencement of Can Tho Rivera Park Project
- Long Giang Group Personnel Officers’ Conference
- Travel program in Dubai for managing officers of Long Giang Group and exchange program with SHB Bank – Thang Long Branch
- Travel program in South Korean for managing officers of Long Giang Group and exchange program with SHB Bank – Hanoi Branch
- Travel program in Japan for managing officers and exchange program with SHB Bank – Operation Center No.1
- Commencement of Ha Long Rivera Park Project
- Execution of share distribution program as bonuses for personnel of Long Giang Group according to ESOP program
With those considerable and potential objectives, it is believed that Long Giang Group will continue to promote its achievements, satisfy and excel beyond objectives of 2019, Long Giang Group’s trademark and products will be increasingly elevated and leave a significant mark on the market.
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