When asked what to do to avoid risks in the chemical composting incident, what did Mr. Nguyen Duc Tai say?

Choose people to play with, choose people who are gentle and kind.

This afternoon (April 26), Mobile World Investment Corporation (stock code: MWG) held its 2025 annual general meeting of shareholders.

During the meeting, shareholders raised the issue of how to control goods entering the Bach Hoa Xanh chain to avoid incidents like the chemically treated bean sprouts that happened earlier this year.

Responding to shareholders, Mr. Pham Van Trong - General Director of the company operating the Bach Hoa Xanh chain - said that the dream of reaching 10 billion USD in revenue before 2030 includes how to sell fresh, safe products to customers. Internally, the company increases supervision and continuous inspection. In the long term, the company chooses people to play with, chooses people with good hearts, and shifts to large, reputable suppliers to complete the 10 billion USD mission.

Explaining further, Mr. Nguyen Duc Tai - Chairman of the Board of Directors (BOD) - said that it is only possible to be relatively safe with an industrial production model, that is, with a strict control process like large pangasius and shrimp export companies. Bach Hoa Xanh will shift to purchasing products from such units.

According to Mr. Tai, not all products have such a process. Many small products such as leafy vegetables must be purchased from farmers. But if suddenly a farmer "acts up" and buys pesticides to spray, Bach Hoa Xanh cannot stay up all night to watch. That is an unwanted risk. Therefore, the important thing that Mr. Tai mentioned is to choose your friends wisely, choose people who are gentle and kind.

When asked what to do to avoid risks in the chemical composting incident, what did Mr. Nguyen Duc Tai say? - 1

Mr. Nguyen Duc Tai - Chairman of Mobile World (Screenshot).

Mr. Tai also mentioned ensuring regular or random sampling to check goods entering the supermarket. This ensures that customers buying goods in Bach Hoa Xanh have controlled product quality, safer than traditional markets.

At the same time, he emphasized the way to minimize risks by coordinating with State agencies, using various control measures and making efforts to implement them. However, risks can still occur, but he believes that the frequency will be less and decent people will be willing to quit their jobs rather than harm others, so choosing your friends is very important.

Willing to spend several billion dong to hire a "real-life" consultant

In the Board of Directors of Mobile World, Mr. Robert Willett - Independent Member - has always been the person with the highest income. For many years, his salary has been over 2 billion VND. In 2023, Mr. Robert received 10 times more salary than Mr. Nguyen Duc Tai. In 2024, this number increased to more than 2.35 billion VND, while Mr. Nguyen Duc Tai received 0 VND.

At the meeting, shareholders asked about Mr. Robert's remuneration and role in the company. Mr. Tai replied that Mr. Robert had been involved in Mobile World for 15 years and contributed many consulting ideas to change the business's operating model.

The chairman recalled that he had intended to invest in virtual networks when mobile carriers were deploying them, because he thought the company had a large customer base. However, Mr. Robert discouraged him, saying that many entrepreneurs in the world had gone through this but had poor results. That advice alone was very valuable, because if Mobile World had rushed in, it would have been "dead".

According to Mr. Tai, Mr. Robert is a "practical" person, has been to many places, and has valuable advice. With a cost of 2-3 billion VND in consulting fees per year for a business with a market value of several hundred thousand billion VND, it is very worthwhile.

Mr. Tai also said he wanted to find more independent members but it was difficult. Because talented, capable people who can contribute are often not available. "Real-life" people like Mr. Robert are rare, so the problem of choosing someone who is both dedicated and knowledgeable is not simple.

Mr. Tai admitted that he held the position of Chairman of the Board of Directors but was a non-executive member. Because the company already had 3 executives, leading 3 strategic areas. He stayed to maintain the fighting spirit of the team, contributing an advisory role to help the executive members operate better.

Mr. Tai was one of the founding shareholders of Mobile World and has been with the company until now. Speaking to shareholders, he admitted that he had considered a transition roadmap but not suddenly, so that the current people could lead the group into the future.

This year, Mobile World targets net revenue of VND150,000 billion and after-tax profit of VND4,850 billion, up 12% and 30% respectively compared to last year. This revenue figure is a record high and profit is only lower than the record in 2021.

The company plans to pay a maximum dividend of 10% in cash for 2024 (VND 1,000/share). With more than 1.46 billion shares in circulation, the estimated maximum payment is VND 1,460 billion.

Source: https://dantri.com.vn/kinh-doanh/duoc-hoi-lam-gi-tranh-rui-ro-vu-gia-u-hoa-chat-ong-nguyen-duc-tai-noi-gi-20250426171738415.htm