HVA Investment Joint Stock Company was established on May 19, 2010 in Hanoi, Vietnam. Since then, HVA has gone through an impressive journey and has continuously developed, building prestige and reputation in the financial and investment industry. Let's take a look back at the important events along the way.
HVA's changes before "transforming" into the right field
The predecessor of HVA Investment JSC (UPCoM code: HVA) is An Hung Construction Investment JSC, established in May 2010. Initially, the company operated mainly in the field of housing construction and construction completion. By 2014, the company's business lines shifted to livestock and crop farming.
In March 2015, HVA officially became a Public Company and listed on the stock exchange with the code (UPCoM: HVA).
At the end of 2017, the company changed its name to "HVA Investment Joint Stock Company" and terminated activities related to agricultural production and livestock breeding, converting its operating model to the fields of financial consulting, business management and investment.
In 2018, HVA announced the launch of the startup and crowdfunding portal FUNDGO.
Since then, HVA has begun to mark a strong transformation, moving towards operating under the investment banking model, with main business areas including: Investment in information technology, high-tech agricultural retail infrastructure, real estate, and automatic equipment manufacturing.
Change is the key deciding factor
HVA's activities were not very prosperous before the "change of ownership" until the 2018 Annual General Meeting of Shareholders of HVA Investment Joint Stock Company took place on August 29, at this event Mr. Vuong Le Vinh Nhan (Eric Vuong) was elected as Chairman of the Board of Directors of HVA Company to replace Mr. Nguyen Khanh Toan.
“As Chairman of the Board of Directors, I am confident that I will lead HVA to become a strong company on the stock exchange, bringing many profits to the company, dividends to shareholders, helping HVA increase revenue and have new directions for effective investment” – New Chairman of the Board of Directors of HVA Vuong Le Vinh Nhan spoke at the opening of the congress.
After that, HVA shares were transferred to be listed on UPCoM from mid-2023 with extremely outstanding business results.
How is HVA Investment Joint Stock Company doing business?
The change in leadership is a decisive step towards HVA's development. From 2019 to present, Mr. Vuong Le Vinh Nhan (Eric Vuong) has been tirelessly building and developing HVA.
HVA's remarkable change and development are clearly demonstrated through the financial report from 2019 to 2022, showing business efficiency and significant growth after the company had a "new Captain", demonstrated through some outstanding financial highlights including:
- Total assets increased from 67.8 billion VND to 179 billion VND.
- Equity increased from 56 billion VND to 159.8 billion VND.
- Net revenue increased from VND 650 million to VND 822.2 billion.
The business results achieved in the past have proven that the company is on the right track. In addition, HVA has also made comprehensive progress in brand development, management system improvement, digitalization, human resource development, corporate culture improvement and increased value contribution to the community.
In addition to significant achievements in the business sector, HVA has also successfully expanded its market into new areas such as franchising and industrial real estate investment, opening up development opportunities and bringing benefits to both the company and customers.
HVA has also signed strategic cooperation agreements with prestigious companies such as SFVN, Hanagold Jewelry Joint Stock Company, Hyundai HT Company Limited, and Sao Viet Technology Company Limited, facilitating the sharing of resources, experiences and access to new markets.
Goals and directions of operation in 2024
HVA aims to achieve revenue of VND105 billion and after-tax profit of VND20 billion in 2024. The company will change its business strategy, focusing on financial and technological investment through projects such as the Onstocks artificial intelligence platform, the Onus Blockchain platform, the HanaGold technology gold trading platform, the FUNDGO technology ecosystem, and the LiveTrade professional financial brokerage platform.
HVA is also planning to issue additional shares/bonds to expand its business operations and increase capital.
Along with business cooperation with Trustpay, Hyundai HT Co., Ltd and other partners to build the FUNDGO Financial and Technology Building project, HVA will enhance value and optimize benefits for shareholders through a flexible stock repurchase policy.
To achieve the above results, HVA has continuously improved its management system, implemented digital transformation, developed high-quality human resources and focused on building corporate culture. HVA always focuses on improving management quality, promoting digital transformation, developing human resources and building a strong corporate culture.
