AsemconnectVietnam - Thong Nhat Joint Stock Company (code BAX) has just announced documents for the 2025 General Meeting of Shareholders, which is scheduled to be held on March 21.

According to the announced documents, in 2025, BAX plans to have a total revenue of nearly VND115 billion, an increase of 34% compared to the previous year, of which industrial park service revenue is the main source, accounting for 68% of total revenue.
Total costs are expected to be VND80.5 billion, an increase of more than 55% due to increased costs of selling worker apartments, clean water costs, wastewater treatment costs, no longer exempting land rent and the state no longer exempting 30% of land rent for businesses affected by the Covid-19 pandemic.
This year's after-tax profit is expected to be flat compared to the 2024 result of VND26.6 billion. The company plans to pay dividends at a rate of 25%, equivalent to VND20.5 billion.
Regarding the investment plan, the budget for 2025 is expected to be more than VND205 billion, mainly focusing on Bau Xeo Industrial Park. BAX said that the implementation of construction investment will be carried out on the basis of completing unfinished projects from 2024 and continuing to invest in completing the infrastructure of the industrial park according to the approved detailed planning.
Specifically, the Company will adjust the design and complete the construction of the apartment building for workers at land plot NC2, construct a cultural house at land plot C2, and deploy works on public land - services. In particular, the preparation for these works will be carried out with a reasonable progress and disbursement plan, ensuring the right progress and effective use of capital.
To ensure adequate capital balance for project implementation, the Company will minimize borrowing from credit institutions. BAX plans to mobilize capital from customers and use its own capital to ensure resources for projects in 2025.
Regarding personnel, BAX has just received a decision from Tin Nghia Corporation (code TID) - a major shareholder owning 29.52% of BAX - on the termination of Mr. Le Minh Chuong's participation in BAX's work, and at the same time received a resignation letter from Mr. Chuong as a member of the Board of Supervisors for personal reasons.
Previously, on February 25, BAX dismissed Mr. Nguyen Huu Tri from the position of Deputy General Director to take on the new position of Director of Accounting - General Affairs and Chief Accountant of the Company.
N.Nga
Source: VITIC/Tinnhanhchungkhoan