The total salary fund for managers of Company X Xo so Vinh Long in 2023 is over 2.2 billion VND.
The Vinh Long Provincial People’s Committee requests that Xo so Vinh Long Company be responsible for reporting on the production and business performance, salary payment to the Provincial People’s Committee and sending to the Department of Labor – Invalids and Social Affairs, Department of Finance and Provincial Tax Department for monitoring.
This is the salary fund for all company managers (6 people), including: Chairman, Director, Deputy Director, Controller, Chief Accountant… Depending on the salary level, coefficient and business results of the company, the salary fund will be reconciled at the end of the year, but it must not exceed the approved amount by the Provincial People’s Committee (the 2023 salary fund plan for managers of Xo so Vinh Long Company approved is over 2.8 billion VND).
When planning the annual salary, the company calculates based on labor productivity and assigned revenue targets. At the end of the year, based on the actual results, the assigned targets, and the classification of completion, the approved salary level will be determined.
Xo so Vinh Long Company.
Xo so Vinh Long Company is a state-owned enterprise with 100% charter capital owned by the Vinh Long Provincial People’s Committee. Before restructuring, the company made capital contributions to other enterprises through the Saigon – Vinh Long Hotel project and Can Tho General Joint Stock Company.
At the end of 2023, the Vinh Long Provincial People’s Committee approved the restructuring plan of Xo so Vinh Long Company for the 2021-2025 period. According to the plan, the company will divest 100% of its investment capital in outside projects to focus on its core business of lottery business and related activities. The company’s charter capital before and after restructuring is over 494 billion VND.
In the development orientation for the 2021-2025 period, Xo so Vinh Long Company aims to increase its revenue and profit in the following year by more than 1% compared to the previous year.
Specifically, the revenue in 2021 reached over 3,047 billion VND; in 2022 over 4,066 billion VND; in 2023 over 4,071 billion VND; in 2024 over 4,076 billion VND; and in 2025 it will reach over 4,081 billion VND.
In 2023 alone, the company’s total assets are over 1,226 billion VND; business revenue is over 4,071 billion VND; and pre-tax profit is nearly 578 billion VND.
Currently, Xo so Vinh Long Company employs 116 employees (an increase of 11 people compared to before the restructuring). Among them, the company’s management has 6 people including the Chairman cum Director, 3 Deputy Directors, Controller, Chief Accountant; the specialized departments (5 departments) have a total of 110 people.
