Updated: 17/8/2021 | 8:44:21 PM

Hoa Binh Minh Motorcycle Company hosted an online conference on June 17, 2021 to assess the implementation of goals and tasks in the first six months of the year and to implement critical tasks in the last six months of 2021, among other topics.

Attending the conference were the Board of Directors, the Board of General Directors of the Group, the Board of Directors of Hoa Binh Minh Motorcycle Company, the Store Manager, the Regional Manager and the representatives of the departments and units of Hoa Binh Minh Group and Hoa Binh Minh Motorcycle Company.

The vital and core topics were reported to the attendees one by one after several hours of the online conference of Hoa Binh Minh Motorcycle Company, including operational results for the first six months of the year and plans for the remaining six months of the Northern and Southern departments. Furthermore, Hoa Binh Minh Motorcycle Company departments such as Sales Planning, Purchase, Marketing, Service, Spare Parts, and Customer Care openly discussed the reasons, backlog, and provided appropriate ways to address these issues.

The representatives of department leaders of Hoa Binh Minh Group and Hoa Binh Minh Motorcycle Company attending the online conference on August 17, 2021

In the first six months of 2021, despite being affected by the complicated developments of the Covid-19 pandemic in the country, Hoa Binh Minh Motorcycle Company still achieved positive results compared to the same period, thanks to the close attention and direction of the Group's and the Company's Board of Directors in implementing tasks and solutions to well implement the "dual goals" in pandemic prevention and control and socio-economic development:

+ Total revenue KPIs increased by 20%

+ Retail sales increased by 17%

+ Revenue of accessories increased by 35%

+ Installment sales increased by 15%

+ Revenue of spare parts wholesale increased by 32%

Along with many other encouraging results. During a time of stressful pandemic impacting the economy of the country in general and the Group in particular, this is a wonderful incentive to all employees of the Hoa Binh Minh motorcycle category in particular and the Hoa Binh Minh Group in general.

The units reporting their details through the online meeting software

The managers of Hoa Binh Minh Motorcycle Company provided proactive and candid analysis and evaluation at this conference, pointing out the reasons for the failure in the management and operating system that resulted in unanticipated results. As a result, many practical lessons have been shared and discussed among various functional departments in order to focus on learning from experience and determining the best method to improve.

In addition, the Company's functional departments have set strategies and targets for the last six months of 2021, with a strong commitment to achieving them.

The conference listening to the conclusion and direction of General Director Bui Minh Luc

Hoa Binh Minh is proud of the efforts of its Board of Directors and workers, which have propelled it to the No. 1 position in the Motorcycle industry in Vietnam, with a network of 76 stores and Wholesale centers of spare parts of many of the world's leading automobile brands. For many years, the employees of Hoa Binh Minh Motorcycles in provinces and cities all across the country have consistently won honors and collective and individual successes from the motorcycle brands that Hoa Binh Minh distributes, such as Honda, Piaggio, Yamaha…

At the conclusion of the online conference, General Director Bui Minh Luc recognized and applauded the positive efforts of individuals and groups in the Hoa Binh Minh Motorcycle category, as well as highlighting key areas for improvement in executive management, sales, service, customer care, and human resources in the motorcycle category in particular and the Group's other categories in general.

The General Director stressed and urged the employees of Hoa Binh Minh Motorcycle Company to focus on increasing capacity, knowledge, and labor productivity in order to raise the company to a new "HEIGHT." Simultaneously, we must firmly build the spirit of solidarity and collective strength in order to work together to overcome obstacles and accomplish the plan effectively.

Employees were represented by Mr. Hong Minh Tri, Permanent Deputy Director of Hoa Binh Minh Motorcycle Company, who thanked the General Director and the Group's

Board of Directors for their important advice and timely opinions. Employees in the Motorcycle category also demonstrated a strong commitment to completing the tasks and goals assigned to them.