VINACHEM

On Oct 5, 2018 Vietnam National Chemical Group (Vinachem) held conference in HCM city to summerize the work of the first 9 months and deploy the task of quarter IV/2018. Mr. Nguyen Gia Tuong, Member of the Board of Directors, General Director presided over the Conference.

Attending the meeting were Mr. Nguyen Xuan Sinh, Deputy Director of Chemical Department, Ministry of Industry and Trade; Mr. Nguyen Sy Cuong, Deputy Director of Planning Department, Ministry of Industry and Trade; Mr. Nguyen Phu Cuong, Secretary of Party Committee, Chairman of Board of Members; representatives of Group; representative of leadership of unit members.

In the third quarter of 2018, the production and business of unit members continued to face difficulties due to the impact of macroeconomic, policy and regulation of States. Besides, Vinachem also encountered difficulties in input materials, capital and production conditions, as well as difficulties in the consumption market. With the efforts of the Board of Members, and whole staff office and employees the Group had achieve positive result in the first 9 months of 2018:

– Industrial production value reached 10,647 billion VND, up 1,2% compared to the same period 2017, Accumulated in 9 months, industial production value were 33.807 billion VND, up 6,4% compared to the same period 2017.

– Revenue quarter III reached 10.833 billion VND, up 0,7%. Accumulated in 9 months , Revenue were 35.446 billion VND, up 6,2%.

– Paying State Budget were 416 billion VND in quarter III/2018, Accumulate in 9 months reached 1,314 billion VND, by 81,6% plan.

– Gross revenue in 9 months reached 378 billion VND, by 58,8 plan, up 288 billion VND compared to same period of 2017.

– In the third quarter and the first 9 months, Group always ensure eployment for 22,385 employees with average income were 8.7 million VND/person/moth.

In the first nine months of 2018, the Group produced and supplied 3.1 million tonnes of fertilizer; 2.3 million automobile tires; more than 5.3 million motorbike tires; 0.3 million tons of detergent and many chemical products for production and social life. Some products have increased compared to the same period 2017: phosphate fertilizer up 4.9%, DAP up 31%, automobile tires up 23%, ammonia fertilizer up 70%, but still some products have poroduction down as NPK fertilizer, bicycle tires, apatite ore, etc.

In the first nine months of 2018, production and business of joint venture company reached result higher than the same period last year. Accordingly, the total revenue of the two joint-ventures company contributed by the Group was 4,829 billion VND, up 6% compared the same period of 2017. In addition, production and business result of associated companies very well:

– South Chemicals Import – Export Joint Stock Company (SOUTHCHIMEX JSC): quarter III reached 124 billion VND, Accumulated in 9 months reached 560 billion VND; Profit quarter III reached 0.6 billion VNĐ, Accumulated in 9 months reached 1.9 billion VND.

– Hanoi Synthetic Paint Joint Stock Company (HASYNPAINTCO): Revenue quarter III reached 128 billion VND, Accumulated in 9 months reached 379 billion VND; Profit quarter III reached 3,5 billion,Accumulated in 9 months reached 10.8 billion VND.

– Mine Construction and Investment Consultancy Joint Stock Company(INCODEMIC.,JSC): Revenue quarter III reached 2 billion VND, Accumulated in 9 months reached 9 billion VND.

– Ninh Binh Fertilizer Port Joint-Stock Company: Revenue quarter III reached 8.8 billion VND, Accumulated in 9 months reached 12.3 billion VND; Profit quarter III reached 0 billion VND, Accumulated in 9 months reached 1.9 billion VND.

– Hanoi Batteries Joint Stock Company (HABACO): Revenue quarter III reached 101 billion VND, Accumulated in 9 months 274 billion VND; Profit quarter III reached 6.3 billion VND, Accumulated in 9 months 15 billion VND. - Vinachem -