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Tuesday, November 24, 2020 21:34 PM (GMT + 7)
A company in Bac Ninh makes a lot of money by treating Samsung Electronics’ waste in two industrial zones in Bac Ninh and Thai Nguyen.
“Profit” profits from … junk (!)
We know that with the large scale of the Samsung complex, supplying a product or service for the production and business of this Korean electronics corporation can provide a life-changing opportunity for any business. business (DN).
While Vietnamese companies have few opportunities to enter Samsung’s value chain in the field of electronic component and product manufacturing, the following services are on the throne: medical services, medical examinations and treatments, packaging supply, logistics , waste treatment … In particular, waste treatment for Samsung seems to be the most fertile sector.
Recently, the financial data of Thuan Thanh Environment Joint Stock Company (Thuan Thanh Environment), one of the North’s largest industrial waste treatment companies, is an important partner to help Samsung “dump” into two zones. industry in Bac Ninh and Thai Nguyen – they have proven it.
Specifically, in 2016, Thuan Thanh Environment recorded 1,052 billion dong in revenue and 406 billion dong in after-tax profit. In 2017, revenue was 1.2 billion VND, profit was 379 billion VND. That is, for every 10 dong won, you can pocket 3-4 dong of net profit. The rate of return on revenue is so “lucrative” compared to many struggling industries today.
In 2018 and 2019, due to the high increase in COGS and some other expenses, although the revenue increased to 1.5 billion VND, Samsung’s profit was only about 10%, in 2018 and 2019 respectively, 152 billion and 168 thousand millions.
Accumulated earnings in the past 4 years, Thuan Thanh Environment totaled 1.104 billion VND. At the end of 2019, the “big sister” waste treatment company in the north has a registered capital of 1.304 billion dong out of a registered capital of 200 billion dong.
Thuan Thanh Environmental Joint Stock Company is located in Bac Ninh.
In addition to industrial waste treatment, Thuan Thanh Environment is also involved in handling a large amount of household waste in Bac Ninh. According to recently published data from the Department of Natural Resources and the Environment of Bac Ninh, an average of 900 tons of household waste is generated in the province every day. In which, Thuan Thanh Environment handles 100 to 105 tons of waste.
See the companies that make a lot of money to supply Samsung
Samsung Group is the largest foreign investor in Vietnam, making Vietnam a new electronics manufacturing hub in the world over the past decade. Currently, Samsung Vietnam’s main factories are located in Bac Ninh, Thai Nguyen and TP. HCM with a registered capital of 17.4 billion dollars.
Samsung’s presence has also made Vietnam a leading exporter of electronic products in the world, in particular the group of phones – components and computers – electronic products – components. The total share of this group now accounts for more than a third of the country’s export turnover.
Last year, 4 major Samsung units including: Samsung Thai Nguyen, Samsung Electronics Vietnam, Samsung Display Vietnam and Samsung HCMC CE Complex achieved total revenue of more than 1.5 million VND, equivalent to almost 66 billion US dollars. , which represents approximately 25% of Vietnam’s gross domestic product (GDP).
However, the 1.5 million VND figure in revenue is just the direct revenue generated by Samsung in Vietnam. Furthermore, Kim Chi’s “great” electronics has also brought global suppliers to Vietnam over the past 10 years, creating hundreds of billions of dong here.
Industrial waste disposal facility of Samsung Electronics Vietnam Co., Ltd. in Thai Nguyen.
The most prominent are Samsung Electro-Mechanics and Samsung SDI Vietnam, two subsidiaries of Samsung, in 2019, which earned 41 billion VND and 32.6 billion VND, respectively. Samsung Electro-Mechanics produces semiconductor circuits, chips, camera modules … while Samsung SDI Vietnam is strong with phone batteries.
Many names outside of Samsung also showed business results with impressive figures: MCNEX Vina produced a camera module with revenues of 22.2 billion VND in 2019; Power Logics Vina produced battery protection circuit boards with more than VND 19.8 billion; CammSys Vietnam provided a camera module with revenue of 13.250 million; Goertek Vina produces headphones and microphones with more than 12.800 billion VND; Intops Vietnam, which specializes in phone cases, had VND 11.9 trillion; SI Flex produces flexible printed circuit board (FPCB) with revenue of 9.3 billion VND, speaker module from AAC Technologies Vietnam, microphone is almost 9 billion VND …
Most of the ecosystem companies supporting Samsung make a profit of several hundred billion dong a year, of which many companies regularly participate in the list of companies that pay the most income tax in Vietnam.
In particular, together with Samsung, these companies also employ hundreds of thousands of Vietnamese workers and at the same time create opportunities for domestic suppliers to participate in the global value chain. It is known that in the period 2014 – 2019, the number of Vietnamese companies selected as the first tier supplier of this Group has increased from 4 to 42, reaching 50 in 2020. In addition, many The unit was also selected as tier supplier 2, creating a great resonance in the Vietnamese business community.
The Role of Thuan Thanh Environment’s “Big Man” Thuan Thanh Environment’s shareholders include Mr. Vu Van Dac (55%), Ms. Nguyen Thi Hoa, Mr. Dac’s wife (5%) and Mr. Nguyen Trong Khanh (40%).
Apart from Thuan Thanh Environment, this business group also owns other companies in Bac Ninh and Bac Giang provinces, such as Green Star Environment Co., Ltd., Tan Industry Investment and Trade Joint Stock Company. Yen, Green Star Environment and Trading Company … These companies continue to invest in holding large stakes of many companies in the same industry.
In a related development, at the end of 2019, several newspapers published information, appearing a group of drivers from the Thuan Thanh Environment company who were transporting industrial waste dumped into the Ngu Huyen Khe River (a branch of the Cau River). ), located in the Ba Huyen Hill area (Bac Ninh city).
Source: https://www.nguoiduatin.vn/bo-tui-hang-nghin-ty-dong-nho-do-rac-cho-samsung-a497596.html
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