VINACHEM

The production and business Q3 of the Vietnam National Chemical Group (Vinachem) under the most favourable conditions, because the return of industry and agriculture commodity and purchase by many countries around the world and domestic demand, helping the consumption fertilizer, tires and many product. However, in the situation of Covid-19 epidemic diseases broke out and spread, disrupting transportation, restricting trade, and restricting the import and export of commodity between countries around the world and between provinces has seriously affected production and business. Besides, input materials, capital and production conditions, as well as commodity consumption markets are also affected.

Despite such difficulties, Vinachem has made efforts to overcome and achieved better results compared to the same period last year, specifically: industrial production value calculated at current prices in the third quarter was estimated reaching 11,344 billion VND , equal to 101% of the plan, up 26.8% compared to the same period; accumulated 9 months was estimated 35,134 billion VND, by 83.4% of the year plan, up 27.5% compared to the same period in 2020. The third quarter's revenue was estimated 10,967 billion VND, by 96.4% compared to the same period, up 14.3% over the same period; accumulated 9 months was estimated 37,217 billion VND, equal 84.4% of the year plan, up 26.2%; The Gross Profit in Q4 was estimated 167 billion VND; accumulated in the first 9 months was estimated 312 billion VND. Profits of unit members in the Project 1468 (2010) losed 1047 billion VND, down 1,869 billion VND and the rest of unit members profit estimated 1360 billion VND, up 17.8%. In which, some units have high profit such as The Southern Fertilizers Joint Stock Company (SFC) increased 318.8%, Viet Tri Chemicals Joint Stock Company (VITRICHEM) increased 105.9%, Binh Dien Fertilizers Joint Stock Company (BFC) increased 41.5%, Da Nang Rubber Joint Stock Company (DRC) increased 31.5%, LAFCHEMCO increased 186% and DAP – Vinachem increased 226%. Beside Group paid for State Budget 300 billion VND, Accummulated in the first 9 months reached 798 billion VND. The Group ensures employment and income for whole employees with the anverage income is 9,78 million per month.

In the first 9 months of 2021, the Group produced and supplied 2.7 million tons of fertilizers of all kinds to the market; 2.6 million auto tires; more than 3.4 million motorcycle tires; 175 thousand tons of detergents and many chemical products for production demand and social life. Some products had strong increaseing such as: acetylene up 77.8%, DAP up 56.4%, bicycle tires up 32%, auto tubes up 32%, NPK up 27%, urea up 24.3%. However, There were some products decreased such as: batteries down 25.9%, motorcycle tubes down 24.9%, bicycle tubes down 22.7%, detergents down 16.1%, etc. , import and export in Q3 was estimated 179.7 million USD, up 38% compared to the same period; Accumulated in 9 months was estimated 529.7 million USD, up 52% compared to the same period. In which: export value was estimated 304.7 million USD, up 43%; import value was estimated 225 million USD, up 68%.

For construction investment, the realized value in the third quarter of 2020 reached 58 billion VND; accumulated in the first 9 months of 2020 reached 228 billion VND, by 42% of the plan.

In Q3 and the first 9 months, the activities of the joint venture companies achieved the following results: the total revenue of the first 9 months of the two joint venture companies directly contributed by the Group reached 6,132 billion VND, up 48% compared to the same period in 2020, in which: Profit after tax of Inoue Rubber Vietnam Co. Ltd. was estimated 136.2 billion VND, by 81% compared to the same period; TPC VINA Plastic and Chemical Co. Ltd. was estimated 383.3 billion VND, up 2.07 times compared to the same period in 2020. The production and business results of some affiliated companies such as: NET Detergent Joint Stock Company (NETCO) with Revenue of Q3 reached 337 billion VND, Accumulated in 9 months reached 720 billion VND, Profit of Q3 reached 21 billion VND, Accumulated in 9 months reached 58 billion VND; Sao Vang Rubber Joint Stock Company (SRC) with Revenue of Q3 reached 218 billion VND, Accumulate in 9 months reached 732 billion VND, Profit of Q3 reached 10 billion VND, Accumulated in 9 months reached 42 billion VND; South Chemicals Import – Export Joint Stock Company (SOUTHCHIMEX JSC) with Revenue of Q3 reached 64 billion VND, Accumulated in 9 months reached 388 billion VND, Profit of Q3 reached 120 million VND, Accumulated in 9 months reached 1,1 billion VND.