In the ranking of the 500 most profitable businesses in Vietnam (Profit500), Kim Tin Group advanced 129 spots after overcoming the obstacles and challenges of 2020–2021.
Kim Tin Group advanced 129 spots in the ranking of the 500 most profitable businesses in Vietnam (Profit500).
The Profit500 Ranking is periodically issued annually starting in 2017 and is based on the findings of independent research and evaluation by Vietnam Report Company in accordance with international standards, with the advice of renowned domestic and international experts. Businesses that have efficient company operations and production processes as well as strong profitability are eligible to enter the Profit500 Ranking. The evaluation criteria are expressed as revenue and profit before tax goals for the most recent year, taking into account labor size, asset size, and media reputation.
Kim Tin Group was ranked 264 out of 500 best profitable businesses in Vietnam and 138 out of 500 best private businesses in Vietnam by Profit500 rating following an open review procedure in 2021. To hold a high position in this ranking, Kim Tin Group has achieved outstanding business outcomes. Kim Tin's income in 2020 was 5,188 billion VND, the same as the previous year, while its profit after taxes was 305 billion VND, an increase of 11%.
Kim Tin's income in 2020 was 5,188 billion VND, the same as the previous year, while its profit after taxes was 305 billion VND, an increase of 11%.
In 2020 - 2021, the world economy in general and Vietnam's economy in particular witnessed a global economic crisis caused by the pandemic. When it comes to the business community's efforts to recover from the economic, social, and corporate downturn, this is the first time that the idea of "the new normal" has been established.
Kim Tin has vigorously carried out the "dual mission" of stabilizing production and company growth and bolstering pandemic preventive measures in order to adjust to the "new normal." By October 2021, all staff members had received their covid vaccinations and were back at their regular jobs. At the request of the nearby towns, the Kim Tin Group's offices and factories continue to strictly adhere to the laws on the prevention and control of pandemics.
The spokesperson for Kim Tin commented on this event, saying: "The continuous presence and promotion of a high place in the Profit500 Ranking in 2021 once again demonstrates that Kim Tin has learnt more lessons in this time and has the strength to face challenges in the future. Kim Tin will continue to think creatively and innovatively in line with the 4.0 revolution, vigorously support the process of comprehensive digital transformation, grasp opportunities, and wisely invest in technological solutions to continue to be a market leader in the production and trade of welding supplies. Beginning in 2022, it is anticipated that Kim Tin Group would introduce SAP S/4HANA, S&OP, and MES intelligent production management systems, digitizing operational processes and improving customer experience, enabling Kim Tin to lead the market and benefit society.”
Marketing Department