Sucessful mobilizing, how do enterprise do to utilize effectively
VND 1,000 billion is the total value of bond package from partnership of Thanh Thanh Cong Tay Ninh Sugarcane JSC (TTCS) and Tien Phong Commercial Joint Stock Bank (TPBank) and Vietnam International Commercial Joint Stock Bank (VIB) to offering TTCS’s bond in May 10th, 2016. This is remarked as big-scale bond package of sugar industry up to date.
In the context of domestic sugar industry is facing many volatilities from affection of climate changes to competitive pressure and remain market share puzzle, the success of this cooperation partially illustrated effective operation and positive growth prospect of TTCS. The credit package VND 1,000 billion opens big opportunity for TTCS to continually proactive action for long-term development strategy.
In particularly, TTCS focus on effective financial structure and cost optimization based on sustainable orientation, transparency and stableness based on leveraging long and middle term equity source. From this source, company continually invest equity source to accompany with cane growers and self-company also need to enhance independence of material area to reduce manufacture expenditure and optimize cost.