In the afternoon of January 15th, at the DIC Group headquarters, General Director Nguyen Quang Tin chaired the regular meeting in January 2024. The meeting focused on reviewing the work in December 2023, the production and business plan in January 2024, preliminary assessment of the results in 2023, proposing and discussing a group of solutions to implement the business plan in 2024.


At the beginning of the meeting, General Director Nguyen Quang Tin commented on the implementation results in December and the whole year of 2023. "In December 2023, DIC Group accelerated quite well, made a breakthrough in cash flow, completed capital arrangements... creating a favorable premise for the fiscal year 2024", Mr. Nguyen Quang Tin assessed.

The meeting reported the results of revenue, expenditure and business in December 2023, full-year 2023 accrual and January 2024's business plan. Specifically, revenue in December reached VND 3,171 billion, total revenue for the whole year: VND 6,057 billion. Regarding business in December, implemented output: 818.6 billion VND (reaching 497% of the monthly plan), accumulated in 2023: 1,573 billion VND. Regarding development investment implemented in 2023, it will reach VND 1,124 billion.

Nam Vinh Yen City Vinh Phuc urban area - key project of DIC Group.

 Regarding the capital arrangement, the General Director highly appreciated the results of completing the arrangement limit of VND 4,100 billion. At the same time, assigned the Finance Committee to work with credit institutions, continue to arrange capital in 2024 for these projects: A4, A5 apartments (DIC Chi Linh urban area in Vung Tau city); Cap Saint Jacques complex (Vung Tau) and DIC Star Hau Giang Hotel.

DIC Group determined that compensation for site clearance for key projects is an important task of 2024. Accordingly, the General Director requested the Project Management Boards and Land Management Boards to work at 200% capacity, committed to create a large clean land fund, take the initiative for investment and construction.

For project investment, the General Director directed to continue completing legal procedures for some particular projects: DIC Solar City Vung Tau urban area; DIC Wisteria City Dong Nai urban area; Hiep Phuoc residential area...

Regarding reward emulation, DIC Group has launched the emulation movement in 2023 with the theme "Warm-up" and implemented criteria for Departments and Boards to vote. Within the framework of the meeting, the General Director highly appreciated the Boards that have made great efforts in 2023: Legal Department, Finance Department, Accounting Department, Western DIC Management Board and DIC Vinh Phuc Branch.

Speaking at the conclusion of the meeting, Mr. Nguyen Quang Tin emphasized: "The year 2023 has ended with many difficulties, especially for real estate enterprises. According to forecasts of economic experts, the journey of 2024 still has many challenges and difficulties. With the determination to complete 100% of the targets of the business plan in 2024 approved by the Board of Directors and the AGM, the General Director calls on all employees to unite, join efforts, work in a team, and coordinate smoothly to achieve maximum efficiency".

As planned, DIC Group plans to hold the 2023 Business Review Conference, implementing the 2024 business plan in January 2024.



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