VINACHEM

On 07/07/2023, in Phu Tho, Vinachem held conference to report the production and business result of Q2/2023 and deploying the task of Q3 and the last 6 months of 2023.

In the first 6 months of 2023, the production and business of Vinachem faced with some difficulties by some reasons such as: The world economic risks continue to complicate and unpredictable, high inflation, consumption and business down, the world economic growth low. Beside political instability, climate change, food security; Recovery import Fertilizer, basic chemical, chemicals competitive with domestic product. Specially, June is a hight of summer, hot and lack of electric power affect to production of factories.

But the group products such as rubber, electrochemical, basic chemicals, detergents, industrial gases had strong recovery, the revenue and profit increased compared to the accumulated 6 months of 2019 (the time before the Covid-19 Pandemic): Revenue increased 30%, Profit increased 15%, Consumption volume increased (compared to the same period in 2022); steel radial tires increased 11.3%, HCl increased 8.2%, detergents increased 18.7% (while Consumption index of the whole processing and manufacturing industry down 2,2%). Export value increased by 1% compared to the same period in 2022 (while the export turnover of country down 12.1%). 

Construction investment and important projects

(1) Project of raising the annual capacity of Radial truck tyre manufacturing factory to 1 million tyre/year of Da Nang Rubber Joint Stock Company Project (DRC); (2) Project of Investing production line of Chemical Disinfectants for water sources with capacity reach 9,000 tons per year of Viet Tri Chemical Joint Stock Company Project (VITRICHEM); (3) Constructing Van Dien phosphate fertilizer Factory Project in Thanh Hoa province (VAFCO); (4) Dumping ground No. 3 project  in Tang Loong sifting ore factory (VINAAPACO)… are still being implemented. 

Preparing to invest in some important projects such as: (1) Nhon Trach Chemical factory of SOCHEM, (2) An Phuoc Accumulator and Battery factory (PINACO), (3) moving factory in Dong Nai and Binh Loi of CASUMINA, (4) Bac Nhac Son sifting ore factory (VINAAPACO).

Goals and tasks try to strive for in the last 6 months and the whole year 2023

Faced up to all difficulties and challenges, the Group and unit members set out the goals and tasks try to strive for in the last 6 months and the whole year of 2023 as follows: the industrial production value at current prices in the last 6 months of 2023 reach 29,913 billion VND, by the same period in 2022, Accumulated in 2023 reach 54,548 billion VND, by to the plan in 2023; Revenue in the last 6 months reach 29,868 billion VND, by to the same period in 2022, Accumulated in 2023 reach 57,152 billion VND, by to the plan in 2023; The Gross Profit of the last 6 months reach 2,285 billion VND, Accumulated in 2023 reach 3,471 billion VND, by to the plan in 2023; Total construction investment value in the last 6 months is 580 billion VND, and the whole year 2023 reach 848 billion VND, by 75% of the plan in 2023.