CADIVI RANKED 9TH CONSECUTIVELY IN THE TOP 50 MOST EFFICIENT BUSINESSES IN VIETNAM

  • 08:16, 18/09/2023
  • 1710
"On September 16, 2023, Vietnam Electric Cable Corporation (CP Dây cáp điện Việt Nam) for the 9th consecutive time made it to the list of 'Top 50 Most Efficient Businesses in Vietnam,' as announced by the survey results conducted by Thien Viet Securities Company and Investment Bridge Magazine, one of Vietnam's leading reputable business magazines."

"The ranking was conducted with consultation from leading experts from Harvard and reference to reputable rankings such as Bloomberg, Fortune, Forbes, etc. The TOP 50 list is based on measuring the business performance of companies continuously over 3 years, relying on three growth indicators: revenue, return on equity (ROE), and earnings per share. The measurement results aim to objectively assess the management capabilities of the companies."

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Picture: Mr. Hồ Quang Nhân - Deputy General Director of Production at CADIVI Company receiving the honor at the event.

Despite the lingering effects of the global economic crisis in the past year, CADIVI achieved a rather impressive growth rate. In 2022, the consolidated revenue reached 11,333 billion VND, with a profit of 482.3 billion VND. For the year 2023, the revenue target is set at 12,079 billion VND, with a consolidated pre-tax profit of 450 billion VND. It is expected to distribute a 100% dividend. Looking towards long-term development and the vision for 2030, CADIVI aims to become one of the leading electrical cable manufacturers in the region.

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