VINACHEM

Although year 2010 is the first year the company operating under joint-stock company model, have difficulties with the crestfallen, however with solidary unity, creation of collective leadership and all employees, company completed comprehensive business plan and development investment before 9 days, successful implementation task of General Assembly of Shareholders, make achievement to celebrate the Party congresses at all levels toward 9th National Congress of Party.

Mr. Ta Duc Luong - Deputy Chairman of Board - has announced completed production and business plan of Company in 2010, under which:
- Total budget 118,5 billion VNĐ, as 117% ofplan, increase 18. 9% compared with 2009;
- Total pre-tax profit reached 220 billion VNĐ, as 108.9% of plan, increase 126.3%;
- Total output value reached 1,062.8 billion, as 100.1%of plan, increase 0.1%, with total fertilizer production 1,534,000 tons;
- Total sales 3,600 billion VNĐ, as 102.9% of the plan, increase 7, 5%, with total fertilizer consumption 1,290,000 tons;

- Construction investment value 112.6 billion VNĐ, as 102% of plan.
- Average income 6 million VNĐ per person per month, increase 13.1% compared with previous year.

Mr. Quach Dinh Dieu - General Director of company said: promote the results achieved in 2010, Officials and employees of company determined to fulfil successfully task of plan in 2011 company staff determination to strive to successfully fulfill the tasks of the plan in 2011 of Board Company with many target:

- State Budget: over 109.5 billion VNĐ;
- Industrial production value reached 1,128 billion VNĐ, growth 6.1% with fertilizersproduction reached 1,650,000 tons, increase 7.6% compared with 2010;
- Sales: 3,700 billion, increase 2.8%;
- Profit: 240 billion VNĐ, increase 9.1%,dividendto shareholders over 12%;
- Average income: 6,500,000 VND / person / month;

-Value construction basic 132 billion VNĐ with main point project such as: complete renovating two production lines super phosphate to wet grinding technology; Construction investmentAcidproduction lineassemblies400,000 tons / year; Nitrogenous fertilizer SA 100,000 tons per year, power plants from excessive thermal steam 12MW; prepare investment projects NPKproduction line high levels 300,000 tons per year.

On this occasion Party and State has been awarded many honors for collective and individual in company, including The Second Labor Medal to Mr. Quach Dinh Dieu - General Manager, The Third Labor Medal to sixth individual, Merit of the Prime Minister for 02 collective and 07 individual, Merit ofPeople's Committeeof Phu Tho Province for the collective official and employee of companies.