In the morning of 12th March, at PVFCCo’s Head Office, Board of Directors, Management Board, Plants, specialized board sand unit ssigned a commitment to cut costs in 2012.
This is an activity to respond the Prime Minister’s call on following government Resolution No. 01/NQ-CPdated January 03, 2012 and to express the determination of PVFCCo’s leaders and employees to achieve Petrovietnam’s general target on cutting costs to lower prices and solutions to improve business effectiveness and competitiveness.
In particular, in 2012, following the directives of the Government and PVFCCo’s leaders, PVFCCo strives to reduce 125 billion VND costs including 40 billion VND for operating cost; 85 billion VND for production costsand construction projects, equalsto 10% and 3% of its cost respectively.
In addition, over the last few years, by awareness of such matters, PVFCCo has been concentratively achieving its target. Since 2008, the programs on practicing thrift and combating wastefulness have saved around 50 billion VND/year and contributed to the improvement of business performance.
On the same day, at the Head Office, PVFCCo organized the conference review of the representatives work planin 2011. The participants in the meeting included Mr. Bui Minh Tien – PVFCCo’s Chairman, Ms Nguyen Thi Hien – PVFCCo’s Vice Chairwoman, members of the BOD, the Management Board, the Board of Controllers, Chief Accountant and affiliates along with associated companies…
At the conference, Nguyen Thi Hien reported the business performance result in 2011, summary of result achieved and existing weak points of the representatives of the BOD, the Corporation and affiliates. Besides, the purpose of the conference was to discuss about regulations, orientations for 2012 to improve management effectiveness and business performance of the unit representatives.
Picture of signing a commitment on cutting costs:
