The Vietnam Paper Corporation (VPC) plans to produce 115,500 tonnes of paper of all kinds this year, up 4.5 percent from 2013, and make a profit of 57.4 billion VND (2.69 million USD).

VPC General Director Vu Thanh Binh revealed the goal at a conference reviewing the corporation’s 2013 business activities in northern Phu Tho province on January 22.

To reach this year’s profit, the VPC must raise its revenue to over 3.4 trillion VND (159.8 million USD), up 27.2 percent from last year’s figure, noted Binh.

Accordingly, the corporation will take a large number of measures to push up investment, productivity and quality of products, with a view to cutting cost price and the amount of waste.

Efforts will be made to promote after-sales services and retain and expand the firm’s share in the domestic and international market. The paper producer will continue to perfect its sales strategy in order to restrict the level of price differences across regions nationwide.

In addition to reducing unnecessary investment projects, the corporation is also focused on tackling the difficulties of its subsidiary Phuong Nam Pulp Mill and a paper material project in the Central Highlands province of Kon Tum.

In 2013, despite difficulties sourced from an increase in price of paper materials and decreased consumption demand, the VPC still reached a revenue of 3.5 trillion VND (164.5 million USD), including 893 billion VND (41.9 million USD) from its export.-VNA