Task summation conference quarter I/2015

05:09 PM @ Tuesday - 14 April, 2015

On Apr 10, 2015, Vietnam National Chemical Group (VINACHEM) held a conference is summation of task quarter I/2015 and deploying task quarter II / 2015 with determined to construct, complete and deploy the tasks and solutions to complete target this year. Attending the Conference, Deputy Minister of Industry and Trade Mr. Hoang Quoc Vuong; Director General of Chemial Department Mr. Nguyen Van Thanh; representatives of Ministry of Industry and Trade; the group’s leadership, leadership of unit members; conference presided over by Mr. Nguyen Gia Tuong.

The participants were listening to Mr. Bui The Chuyen speech about the result task report of the first quarter, the direction, the task of the second quarter. According to the report, production and business of Vinachem faced to many difficulties, but in basically the member units of the Group remaining stable production, business and industrial production value increased significantly, production and business of the Group effective; ensure employment, income for workers. Investment and construction continue to be promoted and in schedule. Group’s restructuring in schedule, and achieved positive results. Environment, safety labor guaranteed. Party, Unions and Youth League activity deploying in schedule, resolutions and under the guidance of central authority. However, besides these results and some indicators exist as lower revenue, number of loss –making units increase over the same period. Number of investment projects, including major projects such as mining and processing salt mines project in Laos and production material for antibiotic project. Some targets achieved in Quarter I / 2015 are as follows:

1. The production value calculated price in 2010 estimated reached 9,299 billion VND , increase 12.94% compared to the same period in 2014; calculated at current prices is estimated at 9,837 billion VND, increase 7.79% compared to the same period in 2014. Among them: the group of fertilizers and plant protection products estimated reached 5,416 billion VND, increase of 6.76% compared with same period in 2014; Apatite estimated reached 1,009 billion VND, an increase 25.15%; Rubber estimated reached 1,729 billion VND, up 4.6%; electrochemical (battery, battery) reached 515 billion VND, up 20.8%; detergent is estimated at 567 billion, down 2.3%; basic chemicals, industrial gases is estimated at 535 billion, an increase of 7.01%; paint and plastics and other products decreased 26% compared to the same period in 2014.

2. Revenue calculate price in 2010 estimated reached 10,080 billion VND, down 3.1% compared to the same period in 2014. Among them: the group of fertilizers and plant protection products reached 5,520 billion VND, down 10.4%; Apatite reached 1,065 billion VND, up 26.6%; Rubber reached 1,674 billion VND, up 4.7%; electrochemical (battery, battery) reached 542 billion VND, up 18.8%; detergent reached 598 billion VND, down 3.6%; basic chemicals, industrial gases reached 521 billion VND, up 3.59%; paint and plastics and other products decreased 28.1% compared to the same period in 2014. The first quarter 2015 Filed budget estimated at 998 billion.

3. Gross Profit reached 496.6 billion VND, among them interest rate 579.5 billion VND, loss – making is estimated 82.9 billion VND. Profit not reached plan and loss – making plans higher causing fertilizer production cost increased, and selling prices decreased due to execute Law No. 71/2014/QH13.

4. The Group has production and supply to market 965 thousand tons of fertilizer; 480 thousand automobile tires; over 8 million motorcycle tires; 92 thousand tons of detergent and chemical products serve to the demand of production and social life. Some of product increased compared with the same period: DAP fertilizer increased 68%, automobile tires increased 10.3%, apatite ore up 3,2%, automobile tires up 7.4%, battery up 27,5%, detergent up 14,8%. However, some of products down such as phosphate fertilizer, ure nitrogenous fertilizer, NPK ...

Work internal consumption within the Group has gradually put into place but need to push more, strive to improve the ratio of internal purchases on total supplies of the unit in the future to support the product consumption. According to the report, production business and investment target in the second quarter as follows: industrial production value strives reached 12,871 billion VND, up 15.6%, accumulated of the first 6 months 2015 reached 22,708 billion VND, up 12.7%; revenue strive to reach 13,663 billion VND, up 10.3%, the accumulated of the first 6 months 2015 23,744 billion VND, up 4.2%; profit strive to achieve 550 billion VND, accumulated of the first 6 months, profits strive to reach 1,046 billion VND; total investment value strive to reach 653 billion VND.

Mr. Nguyen Anh Dung, Chairman of the Board Members speeched and directed on the results task of the first quarter. He said that besides the positive results of the production and business in difficult conditions of the Group and unit members are also many exist to be overcome, such as loss – making, many key projects not in schedule; degeneration funds so slowly... He requested the unit members to focus orientations, tasks, plans and resolution in the report, should particularly focus on promoting production - business and consumption products, regain growth; promoting investment in key projects in schedule, quickly promoting investment efficiency; promote restructuring plan of the Group; strive to achieve the highest results in task to welcome the second Party Congress of Group ...

The conference also heard the opinions of the participants comment on the results task of the first quarter, the difficulties, problems and recommendations for the task of the second quarter speech in the report and promote restructuring the unit members.

Addressing at conference Deputy Minister Mr. Hoang Quoc Vuong praised important contribution to ensure national food security of the employees and official of the Group; He requested the Group effort to achieve target of the ninth Comunist Party Congress to develop in domestic and international market.