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Petrovietnam General Director Le Manh Hung worked on the implementation of the 2022 business plan at PVFCCo

10/02/2022

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On February 8, 2022, the delegation of Vietnam Oil and Gas Group (Petrovietnam) led by General Director Le Manh Hung came to work with PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo) on the implementation of the plan. Production and business plan in 2022.

Joining the delegation were Mr. Le Xuan Huyen – Deputy General Director of the Group; Mr. Pham Tien Dung – Deputy General Director of the Group and leaders of the Group's Departments/Offices. On the side of PVFCCo, there was Mr. Hoang Trong Dung – Chairman of the Board of Directors of the Corporation, Mr. Le Cu Tan – General Director of the Corporation and the Board of Directors, Board of Directors, Board of Supervisors, mass organizations, direct units.

The meeting was held at PVFCCo's headquarters building, online to the bridgehead at the Group's headquarters, and held jointly with PVTrans – a unit headquartered in the same PVFCCo Tower building.
The main topic in the first meeting of the year was to update the production and business situation in January 2022 at the unit; Update market fluctuations and changes compared to previous expectations, thereby making judgments about risks, opportunities, and solutions to deploy to exceed the 2022 plan and develop sustainably. 

At the meeting, PVFCCo's Board of Directors reported production and business results in January 2022, critical tasks and business plan for 2022, and solutions. In January 2022, Phu My Fertilizer Plant operated safely and stably at high capacity. Production output, consumption, revenue, and profit all achieved positive results, exceeding the plan in January, creating an exciting momentum for the whole year of 2022.

In the working program, PVFCCo's Board of Directors also reported on solutions to accelerate implementation strive to exceed the 2022 production and business targets and all the planned tasks in 2022. Assigned by the Group, which focuses on working groups on investment and project implementation; Research and Development; management, restructuring, cost-saving…and some recommendations to the Group on supporting PVFCCo in planning long-term development strategy; gas source, gas price; VAT policy for fertilizers…

After listening to PVFCCo's reports and recommendations, the Mission made comments, exchanges, and contributions for PVFCCo to complete its tasks in 2022.

Concluding speech at the meeting, on behalf of the Group's leaders, General Director Le Manh Hung acknowledged, appreciated, and praised PVFCCo's team's efforts when it exceeded the production and business plan. 2021. In particular, in January 2022, despite the extended Lunar New Year Holiday, the unit's employees have kept the production rhythm completed the monthly plan, creating good momentum for the whole year. In the coming time, when the Covid-19 epidemic is expected to continue for a long time, and there are many complicated developments in geopolitics, General Director Le Manh Hung noted that PVFCCo needs to invest in volatility management and management. Risk management, market analysis, and forecast; focus on solving the backlogs for early settlement of projects as well as speeding up the implementation of new projects; promote research and development and grasp new trends to create breakthrough and sustainable change; set the goal of completing the targets in 2022, in which, striving for growth in output, revenue…

On the occasion of the new year 2022, the Group's General Director also sent New Year's greetings to PVFCCo's employees.

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Editor Board: PVFCCo's Marketing and Communications Division

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