Deputy Prime Minister Hoang Trung Hai has hailed the chemical sectorfor its strong performance and important role in national socio-economicdevelopment, with an annual contribution of 8-10 percent to thecountry’s total industrial production value.
Speaking at a conference to review the operation of the Vietnam NationalChemical Group (Vinachem) held in Hanoi on January 11, Deputy PM Haisaid the Party and State consider the sector a key industry and pay muchattention to it’s development and efficiency.
However, he also pointed out that despite its best efforts, the sectoris yet to meet all of the country’s requirements. Therefore, moreeffective operations with a stronger organisational framework are neededto meet the demand of other industries and civil use. Technologicalrenovation is also crucial, he said.
Haiparticularly lauded the group’s fine outcomes in fertilizer production.So far, Vinachem has met 70 percent of domestic need for fertilizers andshipped abroad a number of products such as urea.
According to Vinachem Director General Nguyen Dinh Khang, in 2014 thegroup is targeting 48 trillion VND in production value, up 12.5 percentyear on year, with revenue of over 44 trillion VND, a rise of 0.2percent over the previous year.
In 2013, Vinachem’simport-export value reached 559 million USD, down 11.1 percent against2012’s figure, including 237 million USD of export value, a decrease of3.8 percent. The group’s yearly profit was at 2.73 trillion VND, whileits budget contribution rose 13.9 percent at 2.5 trillion VND.
The group has also offered employment to 27,000 labourers who earn 7.5 million VND on average every month.
Vinachem’s main products include fertilizers, pesticides, household chemicals detergents and rubber products.-VNA
Speaking at a conference to review the operation of the Vietnam NationalChemical Group (Vinachem) held in Hanoi on January 11, Deputy PM Haisaid the Party and State consider the sector a key industry and pay muchattention to it’s development and efficiency.
However, he also pointed out that despite its best efforts, the sectoris yet to meet all of the country’s requirements. Therefore, moreeffective operations with a stronger organisational framework are neededto meet the demand of other industries and civil use. Technologicalrenovation is also crucial, he said.
Haiparticularly lauded the group’s fine outcomes in fertilizer production.So far, Vinachem has met 70 percent of domestic need for fertilizers andshipped abroad a number of products such as urea.
According to Vinachem Director General Nguyen Dinh Khang, in 2014 thegroup is targeting 48 trillion VND in production value, up 12.5 percentyear on year, with revenue of over 44 trillion VND, a rise of 0.2percent over the previous year.
In 2013, Vinachem’simport-export value reached 559 million USD, down 11.1 percent against2012’s figure, including 237 million USD of export value, a decrease of3.8 percent. The group’s yearly profit was at 2.73 trillion VND, whileits budget contribution rose 13.9 percent at 2.5 trillion VND.
The group has also offered employment to 27,000 labourers who earn 7.5 million VND on average every month.
Vinachem’s main products include fertilizers, pesticides, household chemicals detergents and rubber products.-VNA
