The Vietnam National chemicals Group (Vinachem) reported profits of 1.787 trillion VND (85.1 million USD) in the first sixth months of the year, an increase of 12.6 percent against the same period last year.
This outcome was discussed at a recent conference to review the implementation of tasks in H1/2013 and operations in H2.
According to a general assessment, Vinachem’s industrial production continued to face a number of difficulties and challenges during the period. However, efforts by the industry along with good management by the group helped boost production and business in the first half of this year and yielded some excellent results.
In the second quarter of 2013, the production value reached nearly 11.9 trillion VND (566.4 million), turnover hit more than 12.3 trillion VND (588.62 million USD) and profits recorded 937 billion VND (44.62 million USD).
For the whole January-June period, the value of industrial production posted 21.2 trillion VND (1.01 billion USD), up by 6.7 percent over the same period last year.
Vinachem’s accumulated revenue was over 23.9 trillion VND (1.14 billion USD), up 6.3 percent year-on-year.
In the past six months, the group’s members focused on stimulating the production and consumption of products, keeping stocks at a reasonable level to ensure the supply of essential commodities on the market.
Subsequently, the group has seen its products sell more than during the same period of 2012, which has helped reduce stockpiles.
On the basis of these results for H1/2013, Vinachem has set a target for Quarter 3 of 11.44 trillion VND (544.76 million USD) in the value of industrial output, 11.8 trillion VND (561.9 million USD) in turnover and 800 billion VND (38.1 million USD) in profits.
In order to achieve these targets, Vinachem will focus on speeding up key projects as well as restructuring itself to create the motivation for a thorough development with stable profits, said Nguyen Anh Dung, President of Vinachem’s management board.-VNA
This outcome was discussed at a recent conference to review the implementation of tasks in H1/2013 and operations in H2.
According to a general assessment, Vinachem’s industrial production continued to face a number of difficulties and challenges during the period. However, efforts by the industry along with good management by the group helped boost production and business in the first half of this year and yielded some excellent results.
In the second quarter of 2013, the production value reached nearly 11.9 trillion VND (566.4 million), turnover hit more than 12.3 trillion VND (588.62 million USD) and profits recorded 937 billion VND (44.62 million USD).
For the whole January-June period, the value of industrial production posted 21.2 trillion VND (1.01 billion USD), up by 6.7 percent over the same period last year.
Vinachem’s accumulated revenue was over 23.9 trillion VND (1.14 billion USD), up 6.3 percent year-on-year.
In the past six months, the group’s members focused on stimulating the production and consumption of products, keeping stocks at a reasonable level to ensure the supply of essential commodities on the market.
Subsequently, the group has seen its products sell more than during the same period of 2012, which has helped reduce stockpiles.
On the basis of these results for H1/2013, Vinachem has set a target for Quarter 3 of 11.44 trillion VND (544.76 million USD) in the value of industrial output, 11.8 trillion VND (561.9 million USD) in turnover and 800 billion VND (38.1 million USD) in profits.
In order to achieve these targets, Vinachem will focus on speeding up key projects as well as restructuring itself to create the motivation for a thorough development with stable profits, said Nguyen Anh Dung, President of Vinachem’s management board.-VNA
