VINACHEM

OnJul 12, 2013, Vietnam Chemical Industrial Group (Vinachem) organizedPreliminary Conference the 6 months and deployment mission of the last 6 month inthis year.

The Conference heard reports the results ofthe second quarter and first six months of 2013, according to report: the valueof industrial production in the second quarter of 2013 was 11,894 billion VND,the first 6 monthsreached21,224 billion VND, up 6.7% compared with the same period in 2012; tunover inthe second quater reached 12,361 billion VND, the first 6 months of 2013reached 23,923 billion VND, up 6.3% compared with the same period in 2012,second-quarter profit reached 937 billion VND, accumulated of the first 6months in this year reached 1,787 billion VND, and increased 12.6% comparedwith the same period in 2012.

According to the general appreciation, in thecondition difficulties of economic, but with effort, determination ofcollective leadership, officials, workers and employees in the Group production business situation of Vinachem remainedstable, with growth rates higher than the average growth of GDP and higher thanthe average growth of the industry.

In the first 6 months of 2013, the membercompanies of the Group has been focusing on promoting the production andconsumption of products, reasonable inventory balances to ensure supply ofessential commodities to the market.Thus,production of consumption commodity in the Group is higher than the same periodlast year, the inventory decreased, turnover, profit are quite growth, ensurejob and incomes for employees.

The work of the investment construction ofthe first 6 months was interest by Group.Thevalue of investment construction increasing compared with the same period lastyear.Theproject focus is to promote development, the results implementation of keyprojects and quite growth compared to the same period in 2012.

On the basis of the results of the first 6months of 2013, the conference gave the direction to perform the tasks of thethird quarter of 2013, namely: the value of the third-quarter industrial production(at current prices)striving to reach 11,440 billion VND; up 12.6% compared to the third quarter2012; the third quarter turnover strives 11,800 billion VND; up 15.2% comparedwith the third quarter in 2012, thirdquarter profit strive800 billion VND.

Speaking at the meeting, Mr. Nguyen Anh Dung,chairman of the group said generally in the firrst 6 months of 2013, Vinachemhas developed strongly all the task.Hestressed that the plan of the last 6 months of Group will focus on the keytasks such as boost privatized businesses and boosting the divestments of Group’sbusiness and boosting developmentimplementationof restructuring the Group, which focuses on corporate administrationbusinesses, and to build development strategy group in period 2015 - 2020, with a vision to2030.

At the conference, representatives of anumber of units business such as: The Southern Fertilizer Joint Stock Company (SFC),Ninh Binh Nitrogenous Fertilizer and Chemical Limited Company, Dry Cell andStorage Battery Joint Stock Company (PINACO) was discussion about insufficientproblem affecting the production business operations of the business units,while there are recommendations to the Group and the Ministry of Industry andTrade in collaboration and support to create advantage conditions to achievespeed growth of the whole Group in the future.