Savico announces leadership changes at extraordinary shareholders’ meeting

At the meeting, directors Le Tuan, Nguyen Hoang Giang, Nguyen Huy Tuan, and Tran Van Hieu shared their intention to retire immediately.

Tran Thi Hong Bich, Tran Duc Huy, Do Quoc Tuyen, and Ho Viet Ha were appointed new directors to improve corporate governance capabilities and lead the company on its long-term roadmap.

Members of Savico’s Board of Directors and Board of Management. Photo by Savico

Tran Thi Hong Bich, born in Hanoi in 1972, has more than 25 years of work experience at the forefront of automotive distribution, transportation, security, satellite communications, and data transformation.

With the implementation of the first ERP management system for car dealerships, she transformed Toyota Lang Ha into the top dealership for Toyota Vietnam and Toyota Tsusho worldwide.

Bich was the CEO of Vinfast Europe and the Deputy CEO of Vinfast before becoming the CEO of SVC Holdings.

Tran Thi Hong Bich, CEO of SVC Holdings. Photo by Tung Dinh

Tran Duc Huy, born in 1974 in Ho Chi Minh City, was elected as an independent board member of Saigon General Service Corporation for the 2020-25 period.

Huy served as General Director of Saint-Gobain Vietnam, a renowned corporation that produces and distributes solutions for building materials. Huy is also the former CEO of Vinh Tuong Industrial Company. Currently, he holds the positions of Chairman of CMC Joint Stock Company and Vice Chairman of Tasco Joint Stock Company.

Tran Duc Huy, an independent board member of Saigon General Service Corporation for the 2020-25 period. Photo by Savico

Ho Viet Ha, born in 1976 in Hanoi, was appointed as an independent member of Board of Directors of Saigon General Service Corporation for the 2020-25 period.

Ha has over 20 years of experience holding senior executive positions at many leading national and international organizations. Ha is currently the CEO of Tasco Joint Stock Company, and Chairman of Bac Au Automotive Joint Stock Company, a distributor for the Volvo luxury car brand.

Ho Viet Ha, an independent member of Board of Directors of Saigon General Service Corporation for the 2020-25 period. Photo by Savico

Do Quoc Tuyen, born in 1982 in Phu Tho, has extensive experience in the automotive industry. Tuyen serves as the Chairman of SVC Holdings Joint Stock Company. He is also a board member and general director of Savico Da Nang Joint Stock Company, as well as a board member of Dana Joint Stock Company (Dana Ford), Son Tra Automotive Company Limited, and MTV Gia Lai Automotive Company Limited.

The Board of Directors of Saigon General Service Corporation now has nine members, with Mai Viet Ha serving as chairman.

Savico saw impressive business results in 2022, thanks to Vietnam automobile market’s rapid expansion and a good business strategy. Car sales are expected to reach 42,572 units, up 39% compared to the previous year.

Consolidated revenue is expected to reach VND20,998 billion, exceeding the original target by 21% and up 48% from 2021. The combined revenue of all subsidiaries and associates’ companies is expected to reach VND34,000 billion.

Consolidated pre-tax profit is estimated to reach VND633 billion, exceeding the original target by 147% and achieving 152% growth compared to the same period last year.

Savico intends to set ambitious targets for breakthrough development in 2023 and the next five years with a plan to establish a comprehensive automotive ecosystem.

To keep its position as Vietnam’s top automotive distributor and premium service provider, the company continues to expand its extensive dealership network, invests in the used car and electric vehicle markets, brings new car brands to Vietnam, and focuses on training and developing more skilled human resources.

The former members of the Board of Directors, with extensive experience in the automotive industry, have guided Savico to the pole position in the Vietnamese automotive market.

The new members of the Board of Directors with corporate governance expertise and international and automotive industry experience will provide the company with competitive advantages to achieve growth targets in the next period of development.