VINACHEM

On Jul 10, 2015, Vietnam National Chemical Group (Vinachem) organized the preliminary conference quarter II/2015, deploying the task of the third quarter and the last six months of the end of 2015. General Director and CEO Mr. Nguyen Gia Tuong preside over by the conference in Hanoi.

Quarter II / 2015, although commodity market demand is low, fertilizer demand continues to weaken, prices fell sharply compared with the first quarter but with the spirit of actively deployment synchronized solutions under Resolution No. 01/NQ-CP of the Government, the Group has achieved positive results in implementing task of the second quarter of 2015, ensuring the major balances of commodity for domestic demand, especially the fertilizer demand for agriculture. Basically the unit members of the Group remained stable production, industrial production value increased significantly, production and business of the Group is very effective; ensure employment, incomes and wages for employees and staff, namely: industrial production value in the second quarter calculated at current prices 12,064 billion VND, up 10% compared with quarter II/2014, Accumulated of the first six month reached 21,858 billion VND, down 8.7% from the same period of 2014, while industrial production value of 6 months results of main product groups achieved compared with thhe same period in 2014 as follows: the group of fertilizers and pesticide up 8.9%; Apatite up 9.9%; rubber up 17.6%; electrochemical (battery, battery) up 15.4%; detergent up 1.3%; basic chemicals, industrial gases up 6.1%; paint plastics and other products fell 32.3%. Revenue reached 13,961 billion VND, up 13.1% compared with quarter II/ 2014; accumulated in 6 months, Revenue reached 23,960 billion VND, up 5.8% compared with the same period of 2014, in which: groups of fertilizers and pesticide in the second quarter up 12.5%, accumulated in 6 months up 2.4%; Apatite up 16.9%, accumulated in 6 months up 21.3% compared with the same period of 2014; Rubber up 27.7%, accumulated in 6 months up 17.8%; electrochemical (battery, battery) up 15.4% compared with the same period of 2014, accumulated in 6 months up 16.9% compared with the same period in 2014; detergent down 1.9% compared to the same period of 2014, accumulated in 6 months down 2.3% compared to the same period in 2014; Basic chemicals, industrial gases up 3.7%, accumulated in 6 months up 3.2% compared with the same period in 2014; paint plastics and other products down 36.4%, accumulated down 38.8% compared with the same period in 2014.

During the quarter, construction work continued to be strengthened and in schedule. Restructuring Group are in schedule, and achieved positive results. Issued several regulations, regulations on internal administration and the Group's member units, ensure business environment, basic safety. Work in Party and the Trade Unions and Youth League implementing and synchronizing according to plan and guidance of superiors. In particular, during the 2nd Vinachem Congress Party of the term 2015-2020 organized 27-28/5/2015. All of Group’s unit members organized successfully Workers Conference and Shareholders Meeting 2015 in regulation.

However, besides these results achieved and has some problem as turnover target, industrial production value in real price has not achieved target compared with the second quarter. The number of unit members has reported lossing increase, many investment projects, including key projects are not in schedule such as Lao Salt mine exploiting and processing project and antibiotics material production project. Progress divestment of the Group in the joint stock company have faces many obstacles. Science and technology has not met requirements of the Group’s development.

At the conference, Chairman of Board Member Mr. Nguyen Anh Dung assessed the results achieved the second quarter and the first 6 months of 2015 and He also provide some key solutions that the Group should take to accomplish the goal of the third quarter and the last 6 months of 2015.

Also at the conference, Director of Chemistry Department of Ministry of Trade and Industry Mr. Nguyen Van Thanh recorded the results that the Group has achieved in the second quarter and the first 6 months of 2015. He directed the Group to perform the tasks and plans in the future.

Mr Nguyen Gia Tuong concluded and closed off the Conference, He also stressed the key tasks to perform in the future of Group is: to find solutions to promote consumption commodity, should exploit good and effective projects put into operation, raising the effective administration Group ...