Vinachem: Summarizing task quarter II, deploying task quarter III/2016

05:17' PM - Tuesday, 12/07/2016

On Jul 08, 2016, Vietnam National Chemical Group (VINACHEM) held a conference to summerize the task of quarter II and deploy the task quarter III, with the determination to construct, improve and synchronized deploying tasks, solutions to finish the plan. Participating and directing the conference were Deputy Director of Department of Chemical Mr. Luu Hoang Ngoc; secretary – general of fertilizer association; representatives of leaderships of Ministry and Trade, Vinachem and unit members. The conference preside by CEO and General Director Mr. Nguyen Gia Tuong.

The delegates were heard Deputy General Director Bui The Chuyen report the results of quarter II and the first six months, orientation and tasks of the quarter III/2016. Accordingly, quarter II and the first 6 months early 2016, production and business situation of the unit members continued difficult in consumption of products, the market demand is low, prices of some fertilizer products, rubber has continued to decline influencing the revenue and profitability of the units. But with the spirit of initiative in implementing Resolution 01 / NQ-CP of the Government, by the effort, trying of the leadership of Group and unit members, we has achieved positive results in deployment tasks quarter II/2016, ensuring the major balances of commodity for the demand of domestic economy. Basically the units of the Group remained stable production, ensuring employment, incomes and wages for workers. Business investment in construction continue to be promoted and in schedule. Issued a number of rules and regulations on internal governance of the Group and unit members. Work environment, safety in work is guaranteed. Party, trade union, youth union activities are implemented under the guide of the superiors. However, besides these results and some indicators exist as sales, industrial production value at current prices fell, the consolidated results of the Group in quarter II and the first 6 months, number of units loss and the lossing increased compared to the same period in 2015. A number of investment projects did not in schedule as production of antibiotics raw materials project, constructing building 1A Trang Tien project. Progress divestment of the Group in the joint stock company slowly. Scientific and technological activities did not meet the developing demand of Group.

Some basic indicators achieved in the second quarter and the first 6 months of 2016 as follows:

1. Production value estimated 11.133 billion VNĐ calculated at constant prices in 2010, up 13,8% compared with quarter I, down 6.5% compared to the same period in 2015; Accumulated in 6 months estimated 20,918 billion VNĐ, down 2.3% compared to the same period in 2015; Calculated at current prices estimated 10,379 billion VNĐ, up 11.2% compared to the quarter I, down 13.9% compared with the second quarter of 2015, Accumulated 6 months estimated 19,718 billion VNĐ, down 10.1% compared to the same period in 2015. Among them: product group fertilizers and plant protection products in quarter II down 23.6% compared to the same period of 2015, Accumulated in 6-month down 18.7% compared to the same period in 2015 ; Apatite in quarter II down 6.0% compared to the same period in 2015, Accumulated in 6 months down 6.9% compared to the same period in 2015; Rubber in quarter II down 6.0% compared to the same period of 2015, Accumulated in 6-month down 1.6% compared tp the same period in 2015; electrochemical (batteries, accumulators) in quarter II down 12.6% compared to the same period in 2015, Accumulated in quarter II up 14.4% compared to the same period of 2015; detergent in second quarter increased 2.8% compared to the same period of 2015, Accumulated in 6-month increase of 7.9% compared to the same period in 2015; basic chemicals, industrial gases in second quarter increased 11.0% compared to the second quarter of 2015, Accumulated in 6-month up 8.8% compared to the same period in 2015; other products up 33.4% compared to the same period of 2015, Accumulated in 6-month down 11.1% compared to the same period of 2015.

2. Revenue in quarter II was estimated at 12,069 billion VND, up 27.7% compared to the first quarter, down 9.7% compared to the same period in 2015, Accumulated in 6 months estimated 21,521 billion VND, down 7.4% compared the same period in 2015. Among them: product group fertilizers and plant protection products in quarter II up 43.3% compared to quarter I, down 12.0% compared to the same period in 2015, accumulated in 6 months down 12,0% compared to the same period in 2015; Apatite in second quarter by quarter I, down 4.3% compared to the same period of 2015, Accumulated 6-month down 3.1% compared to the same period in 2015; Rubber in quarterII up 19.4% compared to the first quarter, down 19.8% compared to the same period of 2015, Accumulated in 6-month down 11.9% compared to the same period in 2015; electrochemical (batteries, accumulators) in quarter II up 16.4% compared to the first quarter, up 13.3% compared to the same period in 2015, Accumulated in 6 months up 15.7% compared to the same period of 2015; detergent in quarter II up 10.7% compared to the first quarter, up 7.5% compared to the same period of 2015, Accumulated in 6-month up 7.3% compared to the same period in 2015; Basic chemicals, industrial gases in quarter II up 6.4% compared to the first quarter, up 6.3% compared to the same period, Accumulated in 6 months up 11.8% compared with the same period in 2015; other products up 14.5% compared to the first quarter, up 18.8% compared to the same period in 2015, Accumulated in 6 months up 39.7% compared to the same period in 2015.

3. Profit in quarter II/2016: estimated total profit of unit member up 17% compared to the first quarter and down 20.9% compared to the same period of 2015. Accumulated in 6 months down 16% compared to the same period in 2015. However, cause of the loss of 05 units increased compared to the same period, interest in 6 months was zero.

4. On the output of products: the first 6 months of 2016 the Group has manufactured and supplied 1,821 thousand tonnes for the marketing of fertilizers of all kinds; 1,235 thousand automobile tires; more than 3.5 million vehicles motorcycle tires; 205 thousand tons of detergent and chemical products serve the needs of production and social life. Some products increased over the same period: automobile tires up 14%, Apatite up 1.4%, automobile tires up 12,9%, battery up 5.4%, accumulator by 19.2%, detergent up 6.1% compared to the same period in 2015. However, some products down such as phosphate fertilizer, NPK, nitrogenous urea, DAP ...

5. Export in the second quarter estimated 117.3 million VND, down 48.9% compared with the second quarter of 2015. Accumulated in 6 months reached 207.9 million USD, down 33.8% of the plan, down 21% compared to the same period of 2015. of which export value estimated reached 107.6 million USD, down 25.4%; import value was estimated at 100.3 million USD, down 16.5% compared the same period in 2015.

According to the report, production and business and construction target in quarter III/2016 as follows: industrial production value (at constant prices 2010) in quarter III reached 11,540 billion VND, up 11%; Accumulated in 9 months reach 32,459 billion VND, up 2.1% compared to the same period in 2015; Calculated at current prices, quarter III reach 13,182 billion VND, up 23%; Accumulated in 9 months reached 32,900 billion VND, up 1% compared to the same period in 2015; revenue strives reaching 12,912 billion VND, up 24%; Accumulated in 9 months reached 34,434 billion VND, up 0.5% compared the same period in 2015; total investment value reached 1.200 billion VND

Mr. Nguyen Anh Dung, Chairman of the Group Board members speeched and directed on the conference about task of quarter II and the first 6 months of Group. He said unit members need to activitily production and business, maintain product, ensuring employment, wage for employees. In current difficult conditions in the Group and the unit members, we need to overcome: many units was lossed, many project get behindhand in its schedule… He also required unit members promoting production and business and consumpt commodity, specially in rubber and ectrochemical, promoting purchase in internal members, boosting investment in key projects, especially projects Laos salt, ensure projects in schedule… striving reach the best result in all tasks.

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