VINACHEM

On Apr 7, 2018 7/4/2018 Vietnam National Chemical Group (VINACHEM) held a conference to summarize the work of the first quarter and deploy tasks of quarter II / 2018. Attending the conference were Mr. Nguyen Van Thanh, Director of Chemical Department, Ministry of Industry and Trade; and representative leaderships of Group. The conference presided over by Mr. Nguyen Gia Tuong.

The delegates heard Mr. Bui The Chuyen the Deputy General Director report the production and business results quarter I/2018, and the tasks of quarter II/2018. According the report, in the first quarter of 2018,

The Group has achieved positive results in the implementation of the task of the first quarter of 2018, production value, turnover, product and consumption increased over the same period in 2017, Ensure balances of commodity for the domestic economic demand. Ensure employment and income for employees.

Some basic targets achieved in the first quarter of 2018 are as follows:

1.The industrial production value at current prices was estimated 10,462 billion VND, up 9.7% compared to the same period of 2017. Of which, fertilizers and pesticides was estimated 5,569 billion VNĐ up 12.7%; Apatite was estimated 785 billion VNĐ, up 15.4%; rubber estimated 1.926 billion VNĐ, up 2.7%; chemical electronic (battery, accumulator) was estimated at 730 billion VND, up 4.5%; Detergent was estimated 786 billion VND , up 4.0%; Basic chemicals, industrial gas was estimated 606 billion VND, up 9.5%.

2. Revenues was estimated 11,026 billion VND, up 8.3% compared to the same period of 2017. Of which: fertilizers and pesticides was estimated at 5,971 billion VND, up 11.8%; Apatite products was estimated 850 billion VND, up 10.1%; rubber was estimated 1.871 billion VND, down 1.6%; chemical electronic (battery, accumulator) was estimated at 858 billion VND, up 4.6%; detergents was estimated 841 billion VND, up 10.8%; basic chemicals, industrial gas reached 599 billion VND, up 7.2%; Other products increased by 28.4%.

3. Total profit of the Group was estimated 54 billion VND. In which: the profit of the unit members was 441 billion VND, equal to 80%; loss was estimated 387 billion VND, by 53% compared to the same period in 2017.

4. Pay to State budget was estimated at 355 billion VND.

5. Production commodity: In the first quarter of 2018, the Group was producted and supplied to the market thousands of tons of fertilizers of all kinds; thousands of automobile tires; more than million tires and motorcycles; .... tons of detergents and many chemical to meet the demand of product and social life.

According to the report, production and business and construction investment targets in quarter II/2018 are as follows: Industrial production value at current prices reached 12,211 billion VND, up 5.4% compare to the same period in 2017, the Accumulated of 6 months reached 22,674 billion VND, up 6.8% compare to the same period in 2017; Revenues reached 12,847 billion VND, up 5%; the Accumulated of 6 months reach 23.873 billion VND, up 6.3% compare to the same period in 2017; Gross profit was 165 billion VND; Accrued interest was VND 607 billion VND, Accrued losses 402 billion VND; total investment value is VND 400 billion VND; Ensure employment and income for workers, well social security.

Mr. Nguyen Phu Cuong, Chairman of the Board of Members of the Group speeched at conference, and directing the results of the report in quarter I and the tasks and solutions to complete the plan for the first six months of 2018. He said that besides positive results on production and business such as maintaining production, job security, income for employees in the current difficult situation of Group. He request the units members to focus on implementing, synchronously the orientations, tasks, plans and solutions stated in the report, in which, especially focus on promoting production business and consumption products, especially fertilizer product; To build a strong and solidarity system; To raise incomes of employees; To promote the investment projects, ensure the plans in schedule, promote quickly the efficiency of investment; saving costs; Strive to achieve the highest results.