Accordingly, the General Meeting of Shareholders approved the 2024 revenue plan with a net revenue target of VND 5,057 billion, an increase of 22.09% compared to 2023, and a profit after tax target of VND 26.35 billion in 2024.

Specifically, in the face of instability and fluctuations in pork prices, the Company will minimize capital risks and not expand more breeding and fattening pig farms, focusing on maximizing the capacity of the currently rented farms to optimize fixed costs.

The Company will continue to maintain its current market share in the veterinary medicine segment, increase the production capacity of existing animal feed factories, and gain more market share from competitors in 2024.

The Company will continue to evaluate and restructure, and have plans to cut/stop ineffective business segments to ensure minimal damage, contributing to improving business performance.

In addition, the Company continues to develop the consumer goods segment. Focus on products that meet the essential needs of consumers with three main pillars: processed foods, beverages and nutrition.

The Company also reviews, develops and improves the capacity of the sales team for the agricultural, veterinary medicine and consumer goods segments; completes and standardizes the multi-channel distribution network. Promotes the international market.

To effectively implement the set plan's goals, the Company has taken specific actions.

First, Nova Consumer always has high unity in management, deciding policies promptly and quickly. At the same time, receiving good coordination between member units in market research, developing new products, supplementing missing items, especially essential products based on customer needs.

Second, responding to the changing situation of the Vietnamese market in general and Nova Consumer's business areas in particular, the Board of Directors has promptly implemented restructuring strategies for industries and projects that are no longer suitable or ineffective in the current period.

Third, Nova Consumer has maximized the production process, input costs and waste in the production and product research process to launch products with the best prices suitable for consumer tastes.

Fourth, the policy mechanism at Nova Consumer is clearly and transparently built, thereby creating trust for staff about the future development orientation. At the same time, Nova Consumer has many customer care policies, rewards for pharmaceutical representatives who achieve high business results; improve management capacity for middle management teams, as a premise to expand the market and sales force. 

Fifth, as a long-standing enterprise, Nova Consumer has built a good management and control system, ensuring stable production and business activities and no major fluctuations from within the enterprise.