The Deputy PM made the request at a conference held in Hanoi on January 14 to review the group’s performance in 2016 and to devise tasks for 2017.
Reports showed that the group experienced an unsuccessful year in 2016 with many targets set for the year not reached. The group’s total revenue was VND42 trillion (US$ 1.85 billion), a drop of 8.4% year on year, its export revenue decreasing 12% and the income of its employees falling 10% over the previous year.
Deputy PM Dung pointed out that the major reasons for the group’s unfinished tasks were limitations in production and business management, particularly the management of administrative costs and production costs, inaccurate calculations on input factors for production such as technologies and materials and the slow progress of the equalisation procedure.
He asked the group to look directly at the shortcomings and limitations in its operations to devise specific and practical solutions to address each problem.
Regarding development tasks for 2017, he proposed the group maintain its four production and business areas, including fertilisers and plant protection products; basic chemicals, household chemicals and pharmaceutical chemicals; the rubber-processing industry; and mining and mineral processing for fertilisers and chemicals manufacturing.
He stressed the importance of environmental protection solutions during operations, applying advanced technology to increase productivity and ensuring the spiritual life and living conditions of employees.
