The most important task of an enterprise is how to
use capital efficiently. In the situation of tobacco
production industry is not encouraged, as well as
other industries, it is in agreement with international
common tendency that is to set up a strong economic
corporation, various branches with the condition that
capital is to invest into the immediate important
task – industrialization and modernization. Vietnam
tobacco corporation has taken necessary calculation
for first changing step in the direction of diversifying
business line, seeking for new investment opportunity,
preparing investment plan on other business fields
in order to higher capital usage efficiency, increate
state budget’s income, providing people with job and
stabilizing labor’s life.
During last years, the Corporation has expanded into
some fields belonged to foodstuff industry and financial
branch such as:
- Being responsible for managing State-owned capital
(51%) in Hai Ha Confectionary joint stock Company
acting as a member of the Corporation.
- Receiving and managing Stated owned capital (29%)
in Hai Ha Kotobuki joint venture Company since 1st
January 2004. In 2004, the company reached output
of 2.119 ton of confectionary, turnover was 61 billions
dong. The corporation is repurchasing foreign capital
contribution in order to own 70% capital in joint
venture.
- Cooperating in production and trading Vinawa purified
water with Vietnam Aviation Corporation.
- Cooperating in production and trading Romantic wine.
- Cooperating with Military traditional Medicines
Institute in production and trading detoxicated and
nutritional tea, brand Jade Tea.
- Contributing capital in Bao Ming Insurance Corporation
and Vietnam Exim bank.
In addition to that, with available material potential
in locals, especially in big cities such as Ho Chi
Minh and Hanoi, when factories move away from city
center, the corporation is carrying direct investment
project or calling for cooperation into projects on
construction of plaza, office building, hotel, tourism,
ets. In short term, it is essential to invested in
branches:
- Producing foodstuff and beverage.
- Agriculture: fresh vegetable and other short termed
industrial trees.
- Producing bags, accessories for foodstuff industry.
- Having plan on establishing Finance company, trading
financial and banking service such as capital mobilization,
capital contribution in joint venture, securities
trading investment, etc.
With efforts to change activity model, during last
5 years, the corporation have been turned model into
large corporation in the direction of diversifying
branches, ownership, expanding alliance and international
corporation, setting up key enterprises to look forwards
to establish an economic corporation strong enough
to compete when taking part in international integration,
conform state guidelines in the work of restructuring
branch arrangement “ensuring seriousness, creating
condition for efficient production and business activities
of enterprises”.