On December 28, 2020, the delegation of Vietnam National Oil and Gas Group (PVN) led by Mr. Hoang Quoc Vuong – Chairman of the Board of Directors paid a working visit to PVFCCo. Accompanying the Chairman were Mr. Dinh Van Son – Member of BoD; Mr. Nguyen Hung Dung – Member of BoD and representatives of the functional departments of PVN.
Receiving the delegation were Mr. Nguyen Tien Vinh – Chairman of PVFCCo Board of Directors; Mr. Le Cu Tan – CEO and other officials. The meeting was also live broadcast to PVFCCo subsidiaries in Hanoi, Quy Nhon and Can Tho.
At the meeting, Mr. Nguyen Tien Vinh and Mr. Le Cu Tan expressed their welcome of Hoang Quoc Vuong for his first time to work with PVFCCo in the post of Chairman of the PVN BoD. On behalf of PVFCCo BoD, they brief Mr. Hoang Quoc Vuong PVFCCo history, Phu My Urea Plant technology, such business activities as management, restructuring, R&D, investment, company’s policies; 2020 performance, 2021 targets and the years ahead.
During meeting, Mr. Nguyen Hung Dung, Mr. Dinh Van Son, PVFCCo officials and PVN functional departments also made and clarifications to business context and problems that PVFCCo are facing and together appeal to Mr. Hoang Quoc Vuong for such significant issues as how to secure a stable natural gas source, VAT in favor fertilizer industry and the business restructuring.
Speaking at the meeting, Mr. Hoang Quoc Vuong appreciated PVFCCo achievements made through years, especially 2020 performance asserting PVFCCo as one of the PVN subsidiaries that successfully completed the year business plans assigned by the Group. He added that PVFCCo is also a business featured with good corporate governance, paying attention to R&D, investment activities, improving business competitiveness and taking a good care of employees. He also shared information about the current and perspective pictures of the energy, oil and gas industry, and the agriculture so that PVFCCo as a subsidiary of PVN specialized in agro-materials could make a right business orientation. He also asked PVFCCo officals to keep in mind that PVFCCo still have plenty room for improvement of competitiveness, enhancement of revenue and profit, so it is significant to keep diminishing expenditures; restructuring towards a direct-labor structure; together with PVN improving business operation efficiency of Vinapoly – a jointly invested business of PVN & PVFCCo, He reconfirmed that PVN in support of PVFCCo would handle or together with PVFCCo get competent authorities to settle PVFCCo petitions.
