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Vinachem seeks 7.2 percent rise in this year’s revenue

The Vietnam National Chemical Group (Vinachem) targets a 7.2 percent yearly increase in its industrial production value to more than 45 trillion VND (2.14 billion USD) and an equal rise in revenue to over 49 trillion VND (2.33 billion USD) in 2015.
The Vietnam National Chemical Group (Vinachem) targets a 7.2 percentyearly increase in its industrial production value to more than 45trillion VND (2.14 billion USD) and an equal rise in revenue to over 49trillion VND (2.33 billion USD) in 2015.

Vinachem posted anindustrial production value of roughly 42 trillion VND (2 billion USD)and a revenue of 46 trillion VND (2.19 billion USD) last year, up by 2.2percent and 5 percent against 2013, respectively.

Meanwhile, its export turnover stood at 231 million USD, the group reported.

Ata January 16 conference setting tasks for this year in Hanoi, VinachemGeneral Director Nguyen Gia Tuong said the 2014 figures were still lowerthan expected, adding that three out of its 29 affiliates suffered fromlosses while some others reduced production, affecting employees’income.

To realise objectives for 2015, the group plans to employcomprehensive measures to boost its subsidiaries’ performance, step uprestructuring its organisation, and accelerate key projects such as theexpansion of the Ha Bac Nitrogen Fertilizer Plant and the building ofantibiotic material and ammoniac factories, said Nguyen Anh Dung,Chairman of the group’s member council.

It will also embark on development plans designed for key products as well as the group as a whole, he added.-VNA

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