On the morning of July 19, 2019, at the 8th floor hall of VNCC building, Japan Vietnam Medical Instrument Joint Stock Company (Ticker: JVC) successfully organized the Annual General Meeting of Shareholders 2019.  

At the meeting, shareholders discussed and voted on important issues of the Company such as the Business Performance Report 2018 of the Board of Directors, Board of Management, Supervisory Board; the audited financial statements 2018 and the Statements and contents related to the Company’s organization, management and governance.

The Meeting’s Presidium (from right to left): Ms. Vuong Van Anh - Deputy CEO, Mr. Kyohei Hosono - Chairman of the BOD, Ms. Vu Thi Thuy Hang - CEO

2018 was such a challenging year, but JVC’s revenue and profit continued to grow significantly. In particular, its net revenue reached VND615 billion, achieving 90% of year plan, increasing by 13% YoY and profit after tax reached VND11 billion, equivalent to 72% of year plan, increasing by 28% YoY. In 2019, revenue and profit before tax are set at VND700 billion and VND17 billion, respectively.

Revenue growth in 2018 was mainly attributed to significant development of medical device business. In 2018, many large-scale projects were successfully implemented, including the North-East and Red River Delta Regions Health System Support Project (Norred) funded by the World Bank, the project of Supplying Magnetic Resonance Imaging (MRI) system for the Diagnostic Imaging Department of Bac Giang Provincial General Hospital, sponsored by Japan International Cooperation Agency (JICA). These projects not only contributed significant revenue, but also showed great trust from clients as well as the appropriateness of the Company’s strategy. Along with key projects, in 2018, JVC also witnessed various achievements such as applying a comprehensive solution for central sterile supply department, mobile mammography system, mobile CT scanning system, etc. 

In terms of relationship with suppliers, JVC continued its close business collaboration with long-term partners such as Hitachi, Fujifilm, Konica Minolta, Sakura Seiki, Nemoto, among many others. In 2018, JVC gratefully received many senior executives of suppliers who visited the Company for discussion on business collaboration in the year to come. Besides, the Company was also actively seeking new products from other reputable suppliers in both Asia and Europe.

Bad debt settlement, which had recently been a challenging issue also showed positive progress. Specifically, the Company had recovered VND3.9 billion of bad debts for which provisions had been made. This received great satisfaction and various recommendations from the attending shareholders. 

At the AGM, Ms. Vu Thi Thuy Hang - JVC’s CEO was elected as a member of the Board of Directors at approval ratio of 97.2%.