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PVFCCo Held 2016 Investment and Research & Development Symposium

17/12/2016

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On December 16, 2016, PetroVietnam Fertilizer and Chemical Corporation (PVFCCo) held 2016 Investment and Research & Development Symposium in Da Nang. Among the attendants, there were Mr. Le Cu Tan – Chairman of the Board of Directors of the Corporation, Mr. Doan Van Nhuom – President &CEO of the Corporation, Mrs. Nguyen Thi Hien – Vice Chairman of the Board of the Corporation, together with other members of the Board of Directors, Board of Management, and Board of Supervisors, as well as heads of Divisions of the Corporation and its subsidiaries.

In the meeting session of the Symposium, Report on the topic of investment activities was given and there were discussions on the capital investment projects of the Corporation, focusing on current progress and experience lessons from certain key projects of the Corporation, as well as the application of these lessons for better implementation of existing projects. After that, the Project Management Unit (PMU) gave a report on the progress and solutions to difficulties in the implementation of NH3-NPK Phu My Complex Project, which is currently the largest and most important project of the Corporation.

In the afternoon session, the Symposium continued with the topic on research and development activities of the Corporation. Focusing on “development” aspect with plans on successful development of new research products, the Symposium reported and discussed on matter related to the Summary Report on “Evaluation of results of two-year implementation of the research and development plan for 2014-2017 period” together with two topics on large-size granulated and specialized urea products and classification guidance for companies on manufacturing new fertilizer products to meet regional needs.

In both sessions, the attending deputies worked diligently and proactively participated in the discussions by giving their constructive and useful opinions on investment and research & development activities of the Corporation. Speaking on closing of the Symposium, Mr. Le Cu Tan, Chairman of the Board of Directors, emphasized the importance of following the schedule and maintaining the efficiency of existing investment projects of the Corporation, as well as the research and development of new products, especially practical and feasible ones associated with NH3-NPK Phu My Combined Project, Workshop UFC85, and specific fertilizer products adapted to climate changes. Relying on the guideline that investment and research & development are the foundation for future growth of the Corporation, the Management of the Corporation always pays attention to, offers favorable conditions, and requires investment entities and project manager to focus minds and efforts on the research and development and to accomplish their duties, so that the Corporation can accomplish its mission and development objectives from time to time.

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