2022 was marked as a successful year in all aspects, as Vinataba had made the best performance in the past 37 years. The main production and business targets were fulfilled and exceeded the plan, many key projects were put underway. In particular, the new office of the Corporation at 30 Nguyen Du, Hanoi was built after many years of pending.
In the first days of the year, Vinataba encountered many challenges and unprecedented fluctuations in the history of the tobacco industry: crisis in supply, galloping raw material prices, and the risk of supply chain disruption… Nevertheless, with its agility, flexibility, and solidarity in turning “risks into opportunities” of the whole united system, Vinataba had achieved its goals and objectives and even exceeded the plan. In comparison with the figure year on year: Total revenue generated over VND 26,800 billion, up 6% and 5% exceeding the plan; Profit reached VND 1,550 billion, up 3% and 24% exceeding the plan; Budget contribution reached VND 13,775 billion, up 3% and nearly 11% exceeding the plan. The Corporation ensured jobs and stabilized the livelihood of nearly 8,000 employees. The average income of an employee was nearly VND 21 million /person/month, an increase of over 10% year on year. In the context of fierce competition and the massive return of smuggled cigarettes, the domestic business environment becomes more challenging. Leaders of the Corporation have appropriately set forth zoning adjustments and carried out an effective pricing strategy. Steel fists of the group: Saigon Tobacco and Thang Long Tobacco have remarkably maintained its position in the domestic market, gradually dominating the smuggled cigarettes market share with superior quality products and reasonable prices in the same category. Together with diversified products that are supported by the distribution channel, illicit tobacco was replaced by legal products which meet the demands of consumers.
