Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC Sugar) has officially announced the purchasing policy for...
Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC Sugar) has officially announced the purchasing policy for the crop year 2020-2021 with a lot of support to growers.
Despite having preparation, sugar cane growers and businesses cannot avoid shock in the context of the integration of the ASEAN Commercialization Agreement (ATIGA).
Competing with imported sugars
Sugarcane growers look forward to a successful harvest after a turbulent year
In the period 2020-2021, the sugar industry has to face a series of great challenges such as the Covid-19 pandemic, natural disasters in the Central region while ATIGA officially took effect. However, after two challenging years, the sugarcane industry has been building itself up to compete with imported sugar, especially Thai sugar.
TTC Sugar always thinks that human is the most important factor for businesses development.
The end of the year is an important period for the sugar industry as it is the main harvest during a year. From November to now, sugarcane growers have been expecting the purchasing policy to be officially issued from businesses.
Recently, Thanh Thanh Cong - Bien Hoà Joint Stock Company (TTC Sugar) has officially announced the purchasing policy for the crop year 2020 - 2021. According to observations, this purchasing policy has many advantages and create enough profits for sugar cane growers to feel secure to stick with the cane. Specifically, the average purchasing price is from VND 860 thousand – VND 1 million per ton (for sugarcane with 10 CCS) in the field, depending on the region and planting season.
Plenty of support for sugarcane growers
In order to survive and thrive in the context of integration, TTC Sugar encourages customers to modernize and improve cultivation
In addition to guaranteeing the "interest rate" for its citizens, TTC Sugar offers a insurance policy commitment (minimum purchase price) for the third consecutive harvest. Trees after harvest can be stored for more than 3 years, this is the most profitable point of sugarcane. Thanks to the insurance, farmers can rest assured to arrange suitable cultivation to get the highest profit.
A positive difference in the purchasing policy of TTC Sugar, it encourages and supports prices for large and close to the factory sugarcane areas. In the past, far away from the factory, transportation costs accounted for a large proportion, increasing production costs, reducing profits for sugarcane growers. With the work of encouraging customers to grow sugarcane growing around servers, it will help to build well-qualified and efficient material areas, both sugarcane growers and factories have benefits.
In order to survive and develop with sugarcane growers, sugar businesses must also quickly adapt to difficulties. Besides actively building strong brands, diversifying products, improving the value chain from sugarcane. TTC Sugar is also building a "sugar ecosystem", to accommodate most of the farming solutions for sugarcane growers as a sustainable development strategy. From applied scientific research, fertilizers, inoculants to agricultural mechanics, all have the hallmarks of TTC Sugar and are bringing positive effects to sugarcane growers.
The upcoming 2019-2020 crop year is passing nearly which opens a hopeful new chapter for the sugar industry when sugarcane growers with sugarcane businesses overcoming the difficulties of integration to continue developing.
Ms. Huynh Bich Ngoc - Chairman of SBT's Board of Directors received the Top 5 Best Corporate Governance Award in Large Cap Group
SBT reached the top 5 best corporate governance companies in 2020
Thanh Thanh Cong Bien Hoa Joint Stock Company (TTC Sugar, SBT) was honored in the Top 5 Best Corporate Governance of 2020 - Large Cap Group at the Conference of Listed Companies and the Awards Ceremony of the 2020 Listed Companies Voting Award held by the Ho Chi Minh City Stock Exchange (HOSE), Hanoi Stock Exchange (HNX), Securities Investment Newspaper and Dragon Capital Company.
As a leading company in Vietnam's sugar industry with 46% market share, and in the Top 30 largest listed companies VN30, this is the first time TTC Sugar is in the Top 5 of the Best Corporate Governance Companies with companies in the top such as VNM, FPT, PNJ and HCM.
This year's set of corporate governance criteria continues to innovate, gradually improve governance standards, built on the corporate governance principle of the Organization for Economic Cooperation and Development (OECD), corporate governance framework of ASEAN countries, with questions adapted to current regulations on CG and the actual situation of Vietnamese enterprises.
As a result, there are 15 enterprises with the Best Corporate Governance Award divided into 3 groups of large, medium and small capitalization and 1 enterprise with outstanding progress.
2020 is the third year that the Outstanding Listed Enterprise vote takes place. The poll each year will discuss more deeply about the corporate governance situation of the senior leaders with a separate set of criteria towards international standards to increase the attraction of foreign investment in enterprises. , raising the level of Vietnam's stock market.
The content of corporate governance assessment is not only based on the Annual Report, but also evaluates other official sources of information disclosure of listed companies such as websites, periodic and extraordinary information disclosures.
From 2019 to 2020 is an unforgettable period for Vietnam's Sugar industry in general and SBT in particular when from January 1, 2020, Vietnam officially implements the commitments of the ASEAN - Atiga Trade in Goods Agreement.
This is also the year when the Company suffered many influences and pressures when the low point of the world sugar industry did not end at the same time with the historic epidemic Covid-19 exploding and spreading globally. deeply affect many aspects of the Company's business activities.
In the context of more difficult than favorable conditions, SBT still closes the year 2019-2020 with positive results in many aspects of operation, successfully conquered for the first time and exceeded the consumption milestone of more than 1 million tons of Sugar, raising the domestic market share to 46% from 42% in the previous year.
With the goal of becoming "The leading sustainable and sourced agricultural product solutions provider in Indochina", while increasing domestic market share to 50% in the period 2020-2021, SBT continues to focus on exploiting and completing the sugarcane value chain, aiming to provide the market with Green energy solutions from clean production, transforming traditional agricultural models to organic farming, providing solutions Intensive agriculture for sustainable development.
The Board of Directors of the Company clearly stipulates the division of responsibilities and entitlements between the members of the Board of Directors as well as with the Board of Management to ensure effective participation of the Board of Directors in strategic direction.
Dan Viet