PHU CUONG CELEBRATED ITS 14TH COMPANY FOUNDATION ANNIVERSARY

PHU CUONG CELEBRATED ITS 14TH COMPANY FOUNDATION ANNIVERSARY

phu_cu0ng_ky_niem_14_200x139The 14th company foundation anniversary celebration of Phu Cuong Jostoco JSC was held on 20 November 2009 in Ca Mau.

Phu Cuong Company Limited, the former entity of Phu Cuong Jostoco JSC which later developed Phu Cuong Group, was founded by Mr. Nguyen Viet Cuong and inaugurated on 20 November 1995 from taking over one of the falling into ruin factories owned by the local government, Tan Phu Company. After being upgraded and re-structured by Mr. Cuong, Phu Cuong was the first private owned seafood processor and exporter in Ca Mau in 1995. It has been well reputed in the international seafood market with various sound products.

Mr. Nguyen Viet Cuong, Chairman of Phu Cuong Group, spoke at the event:"We have faced so many challenges and overcome so many difficulties to develop the company for the past 14 years to achieve successes in hardship. We have well grown up in this reality. I take this opportunity to appreciate all of the contributions from the board of directors, staff and workers to the developments of a well established company that we are proud of". A period of 14 years is not so long for a human life but long enough for the development of a small company to become a group of companies at present.

The 14th company foundation anniversary is not only a milestone for the company's celebration but also for its self-assessment in a circumstance of in progress nation's economic integration. There are naturally both positive and negative outcomes in any company's operation and developments. Mr. Cuong continued his comments: "I can foresee that there are still so many challenges ahead. We must improve ourselves to survive and win in a harder competitive playground. One of the compulsory ways is to improve every individual in terms of efficiency and responsibility mind even if we may have to sacrifice some failed ones. I urge all of you to consolidate our partnership to maintain our company's tradition, culture as well as to achieve our common goals. We will share benefits from our business achievements which are contributed by ourselves".

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Mr. Cuong declared to contribute 10-20% of his personal incomes in 2009 to the company's merit fund which will be his bonus to the company's staff on the 15th company foundation anniversary in next year, 20 November 2010.

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