The Covid-19 pandemic has crippled the global economy for more than a year. As for Vietnam, the government and the 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 alarming, yet under the experience, determination and consensus of the Government, the health system and the whole society, the spread of Covid is being warded off practically.
Comprehending the difficulties and hardships of the health system and being aware of the role of businesses in building social responsibility, FIT Group and companies in the system decided to join forces and accompany to contribute a small part to the campaign to repel Covid 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 as also cash. The total value of the support package is about 10 billion VND.
Currently, F.I.T’s staffs started to deploy the Group’s support package to each receiving facility.On May 13, 2021, the representative of FIT Group supported the Central Hospital for Tropical Diseases at facility 2, Dong Anh, Hanoi with 200 barrels of Vikoda natural mineral water, 100 barrels of Sumo energy drink, 336 tubes of hand-washing gel Dr.Clean and 30 million VND in cash.
Before that, on May 12, a representative of the distributor Khanh Hoa Mineral Water Joint Stock Company presented the People’s Committee of Kim Duc Commune (Phu Tho) 30 barrels of Vikoda pure mineral water, 5 barrels of Sumo energy drink to serve the Covid-19 pandemic prevention work. Particularly, on May 19, Cuu Long Pharmaceutical Joint Stock Company (DCL) presented to the Medical Center of Vinh Long City, Vinh Long Province a system of Real-Time PCR – automatic testing machines for rapid Covid-19 testing, which worth more than 3 billion VND.This is a modern system that can analyze 32 samples at the same time within 20-45 minutes, testing from 300-400 samples/day.
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| Leaders of Cuu Long Pharmaceutical Joint Stock Company presented the Realtime-PCR testing system to Vinh Long City Medical Center |
Those are the first facilities to receive, the products are all manufactured by member companies of the Group. These products are very necessary and meaningful for the covid prevention.
For case in a point, Vikoda mineral water provides fine alkaline drinking water for patients and medical staff while hand sanitizer Dr. Clean gel has antiseptic properties that are indispensable to limit the spread of Covid.
The support package is urgently deployed to other facilities nationwide, the Group also expected that the timely support would strengthen the medical system as also the society to fight against the epidemic.
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| F.I.T Group presents supporting gifts to the Central Hospital for Tropical Diseases at facility 2, Dong Anh, Hanoi |
From FIT Group’s part, although the economy is still facing many difficulties that directly affect business results, social responsibility remains a value associated with the Group’s business philosophy for many years.Leaders and employees of the Group acknowledged that the value for shareholders is not only signified through financial value 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 – the result of the restructure process that the Group has consistently implemented during the past 3 years. Not many businesses have the capacity as also summon the courage to implement social responsibility 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.In the short term, there is often a trade-off between financial value and social value, thus far in the long term social values assist businesses flourish sustainably and increase financial value for shareholders through the increasing flow of future operating cash and decreasing risk due to society’s trust in corporate performance.For this reason, the world’s leading businesses find 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 since the very beginning of the business.Despite the fact that fulfil social activities is not just a strategy but it derives from sincerity and the spirit of the Group’s leaders and employees to the community and society. In the context that the whole nation is making great efforts to prevent the return of Covid-19, “Isolation but not seperation” is the message that the corporation’s employees desire to send to the society.
Quach Manh Hao
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