The Covid-19 pandemic has crippled the global economy for more than a year. For Vietnam, the government and health system have been very successful in preventing the spread of Covid-19 to the community.
The emergence of the current 4th wave of Covid-19 is very concerning, yet with the experience, determination and consensus of the Government, the health system and the whole society, the spread of Covid is being effectively prevented. Realizing the difficulties and hardships of the health system and being aware of the businesses’ role in forming social responsibility, FIT Group and companies in the system have decided to join hands and accompany to contribute a small part to the campaign of repeling Covid – 19 in the community.The Group’s companion program to repel Covid-19 will be implemented through the support of materials, suitable products produced by the Group’s member companies, and money. The total value of the support package is about 10 billion VND.
Currently, the program has given gifts to 10 provinces and 5 hospitals nationwide. In which, there are localities that are the epicenter in the whole country such as Bac Ninh, Bac Giang, Ho Chi Minh City, Hanoi… and last-line hospitals in the treatment of Covid-19 such as Central Tropical, Bach Mai. .
The donated items are all very necessary and meaningful products for the prevention of Covid-19 produced by member companies of the Group.
For example, Vikoda mineral water provides very good alkaline drinking water for patients and medical staff while the hand sanitizer Dr. Clean has antiseptic properties that are indispensable to limit the spread of Covid -19. Not only that, FIT Group also donated Panalgan fever-reducing pain relievers – medicines that are very necessary for patients in quarantined hospitals and localities nationwide where the Covid-19 epidemic is problematic.
The Group expects that the timely support will strengthen the health and medical system to fight the epidemic.
Experiencing hot weather conditions of over 40 degrees Celsius, the FIT Group team alongside with doctors and medical staff still enthusiastically transported donated items.
Representatives of Cuu Long Pharmaceutical Joint Stock Company presented the Realtime-PCR testing system to the Vinh Long City Medical Center.For FIT Group, although the economy is still facing many difficulties that directly affect business results, social responsibility is a value associated with the Group’s business philosophy for many years.
Leaders and employees of the Group perceive that the value for shareholders is not only expressed through financial but also social value from activities for the community.In the first quarter of 2021, the Group’s consolidated net revenue and profit after tax reached VND 318 billion and VND 14.3 billion compared to VND 298 billion and VND 1.6 billion in the same period last year. In 2020, the Group recorded net revenue of 1,188 billion VND and profit after tax of 83.3 billion VND.In 2021, the Group sets a net revenue target of VND1,331.3 billion, yet targets a consolidated profit after tax of VND176.2 billion, thanks to greater efficiency in business and management – a result of the restructuring process that the Group has consistently implemented during the past 3 years.
The implementation of social responsibility that not every business has the ability and also the spirit to act since it is a trade-off between short-term finance and long-term future. Practical studies on socially responsible practices also show a link between corporate values and socially responsible activities.
The volunteer group is excited and optimistic while bringing donated items into the “epidemic center” – Bac Giang.
In the short term, there is often a trade-off between financial value and social value, though in the long term social values make businesses develop sustainably and increase financial value for shareholders through the flow of money. Future operating cash increases and risk decreases due to society’s trust in corporate performance.For this reason, the world’s leading businesses see social responsibility as part of their corporate sustainability values.
F.I.T Group is aiming for long-term values for shareholders as that is the future investment trend – in line with the Group’s vision when starting a business.Nonetheless, choosing to implement social activities is not just a strategy but it is the sincerity and heart of the Group’s leaders and employees to the community and society. In the context that the whole country is making great efforts to prevent the return of Covid-19, “Isolation but not separation – For a healthy Vietnam” is the message that the corporation’s employees wish to send to the society.
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