Specifically, Nguyen Van Thanh, the Chief Accountant, Head of Administration, and Secretary, has been appointed by the Board of Directors as the General Director of Western Bus Station for a term of 5 years, subject to the term of the Board. As General Director, Mr. Thanh earns a salary of over 37 million VND.
The previous General Director, Dang Nguyen Nguyen Huan, was relieved of his duties as he has been appointed to a higher position.
In addition to his role as General Director, Mr. Thanh has also been appointed as a member of the Board of Directors for the term 2021-2026, replacing Tran Van Phuong, subject to the approval of the General Meeting of Shareholders at the upcoming meeting.
Nguyen Van Thanh, born in 1971, is a native of Tien Giang province. He holds a Bachelor’s degree in Transport Economics and Accounting Auditing, a Master’s degree in Accounting, and a Bachelor’s degree in Political Theory and Culture.
With these changes, the Board of Directors has also appointed Le Ngoc Doan, Deputy Head of Finance and Accounting, as the acting accountant of the Company until a replacement is found, for a maximum period of 12 months. Additionally, Dang Hoang Anh, Head of Technology and Quality Management, has been appointed as the Head of Administration, Secretary, and Information Disclosure Officer.
There has also been a change in the leadership of Western Bus Station regarding the position of Deputy General Director. Tran Van Phuong has been relieved of his duties and retired at his own request. Mr. Phuong had worked at Western Bus Station for over 39 years and will receive a severance package of nearly 370 million VND.
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Western Bus Station announces multiple leadership changes
Source: WCS, compiled by the author
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In the afternoon of April 30, Western Bus Station organized a ceremony to announce and present decisions on personnel matters, with the presence of Le Thi My Hanh, Permanent Vice Secretary of the Party Committee of SAMCO Corporation, Chairwoman of the Board of Directors of the Company, and key officials of the Company.
 Mr. Nguyen Van Thanh delivers a speech at the ceremony – Photo: Western Bus Station
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Ms. Le Thi My Hanh presents the personnel decisions – Photo: Western Bus Station
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Postponing the General Meeting of Shareholders to before June 30 and setting a modest growth plan for 2025
Recently, Western Bus Station attracted attention by announcing the postponement of the 2025 Annual General Meeting of Shareholders scheduled for April 11, due to the need for more time to finalize certain agenda items. The Company stated that the timing of the General Meeting of Shareholders would be decided by the Board of Directors at an appropriate time, expected to be before June 30.
For the year 2025, Western Bus Station has set business plans with targets slightly higher than those of 2024. Specifically, with an estimated number of departing buses exceeding 488,000, almost the same as in 2024, WCS aims for revenue of nearly VND 177 billion and after-tax profit of over VND 77 billion, representing a modest increase of 1% and 2%, respectively.
Although the profit plan does not show an impressive growth rate, the profit figure of 77 billion VND is the highest ever achieved by the Company.
To achieve these targets, the Company will continue to research and arrange the functional subdivisions of the bus station in a reasonable and scientific manner, aiming to bring added value and better utilities, and to ensure a harmonious relationship between transport businesses and improved passenger service.
Source: 2024 Annual Report of Western Bus Station
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In the first quarter of 2025, the Company achieved revenue of nearly 47 billion VND and after-tax profit of nearly 21 billion VND, an increase of 8% and 9% over the same period last year, fulfilling 26% and 27% of the yearly plan, respectively.
In the stock market, the share price of WCS has maintained its long-term upward trend. In the latest session (May 6), WCS was priced at 380,900 VND/share, up 41% since the beginning of the year. However, the average liquidity was only 368 shares/day, and in the lowest session (January 8), only 1 share was traded.
| WCS share price maintains its long-term upward trend |
– 10:43 07/05/2025
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