In 2024, Saigon Tobacco Company celebrated the 95th anniversary of its establishment, achieving impressive business results with an estimated revenue of VND 7,817 billion and a profit of VND 555 billion. Accordingly, the company had a domestic sales of over 1 billion cigarette packs, the highest in the past 10 years. This was thanks to the grasp of the market trend, diversifying demi cigarettes with capsules and quality improvement.
In the domestic market, the company focuses on market development, improving skills for sales staff and developing distribution system, where demi cigarette consumption accounted for 61% of the total product structure.
As with exports, the company has stabilized prices, expanding to Indonesia and China markets, reaching the output of 455 million packs and exceeding the plan. Its subsidiary companies, such as An Giang, Ben Tre, Cuu Long, Dong Thap and Long An, had witnessed business growth results.
Saigon Tobacco Company has fulfilled the production plan in 2024 and grew over 100% over the same period by synchronous and effective deployment of solutions, closely following the set target. It is estimated that the market consumption in 2024 reached 1,514 million packs, exceeding 12% compared to the plan and over the same period. Total revenue reaches VND 7,817 billion, up 19% compared to 2023 (VND 1,244 billion); The budget contribution is estimated at more than VND 4,815 billion, up 18% over the same period in 2023. Notably, its profit is estimated at VND 555 billion, exceeding 3% as planned and an increase of 2% over the same period (VND 542 billion).
