Continuing the proud tradition
Established on October 4, 1983, throughout the past 41 years, Khatoco's collective of workers have gone through many difficulties and challenges but have not lost heart, strived to achieve glorious achievements, and made great contributions to the socio-economic development of Khanh Hoa province.
From a small capital of 6 million VND, Khatoco's total assets have now reached nearly 6,200 billion VND, owner's equity of nearly 2,500 billion VND, and average annual consolidated revenue of about 7,700 billion VND. Khatoco has always been the leading unit in Khanh Hoa province in paying the State budget, with the total budget payment since its establishment reaching more than 60,000 billion VND, an annual average of about 3,400 billion VND.
The COVID-19 pandemic, economic and political fluctuations in the world... have greatly affected the production and business activities of enterprises, including Khatoco. With the position of the largest enterprise in Khanh Hoa and a group of large enterprises in Vietnam, Khatoco has made innovative steps, united to firmly overcome challenges, and brought the parent company - subsidiary Khanh Viet Corporation to stable development.
In the first 9 months of 2024, Khatoco's consolidated revenue is estimated at VND 6,640 billion, reaching 79% of the plan assigned by the province. Khatoco's pre-tax profit is estimated at VND 200 billion, reaching 80% of the plan; export turnover is estimated at USD 40 million, reaching 80% of the plan. Khatoco's contribution to the national budget (3 main taxes) is estimated at VND 2,470 billion, of which the contribution in Khanh Hoa is VND 2,450 billion, reaching 79% of the plan. This is the result of the collective's constant efforts to stand firm on the path of development and integration.
Development momentum in the new phase
During 41 years of construction and development, Khatoco's Board of Directors has oriented the building of corporate culture as the top priority task, along with promoting production and business development. In the spirit of inheriting from the past, refining in the present so that Khatoco's culture is suitable for the new situation, in order to promote the combined strength of the entire Group in implementing Khatoco's sustainable development strategy.
The work of building corporate culture at Khatoco is carried out systematically and seriously with the high consensus of employees as well as the will of the Board of Directors. With the vision of developing Khatoco into a large-scale multi-industry ecosystem with the main industry being tobacco and traditional industries taking advantage of local strengths on the basis of advanced technology, supply chain and the leading professional distribution system in Vietnam.
Khatoco identifies the core values of "Proactive - Creative - Effective" as the key, guiding principle for all activities of Khatoco. In the volatile market trend, Khatoco has proactively identified the strategic goal in the new situation as focusing on investing in developing the key industry with competitive advantages, the tobacco industry, by investing in the Khatoco Khanh Hoa Tobacco Factory in Trang E Industrial Park, which is 3 times larger than the old factory; investing in the most modern tobacco fiber processing line in Southeast Asia with a capacity of 21,600 tons/year, with a total investment of more than 463 billion VND.
Khatoco has proactively invested in tourism infrastructure projects in a different direction of eco-tourism and resorts, creating many new tourism products, improving service quality and experience for tourists. In addition, Khatoco invested in 2 industrial clusters in Cam Lam district and Ninh Hoa town with favorable locations, complete infrastructure, convenient connection with important traffic routes in the region to attract many secondary investors.
Breakthroughs in science and technology are opening up many development opportunities for businesses. Khatoco determines that continuous innovation and creativity will help Khatoco reach new heights. Khatoco develops a creative culture by promoting and spreading initiatives, building an open and dynamic working environment, encouraging new ideas, initiatives to improve processes, products and services.
First launched in 2003, Khatoco's labor and innovation emulation movement has so far had nearly 2,200 initiatives, generating a profit of nearly VND80 billion. Digitalization and digital technology applications have been applied in many fields, contributing to increasing productivity, reducing costs, enhancing competitiveness, and helping the Khatoco brand affirm its position in the market.
And over the 41-year journey, Khatoco has always placed employees at the center, as the most valuable asset of the enterprise. Many effective policies in ensuring employment, caring for the material and spiritual life of employees have been implemented by Khatoco, with the current average income reaching 12.5 million VND/person/month.
Khatoco culture is also spread to the community through programs demonstrating the affection of Khatoco workers, with thousands of working days, hundreds of billions of VND, many projects and programs effectively organized over the years.
At each milestone of development, Khatoco culture is continued, spread, and built from the desire, courage, and intelligence of each Khatoco member, which is the strength that lifts the aspiration to help Khatoco fly high and reach far.
