The goal is to restructure the Vietnam Chemical Group (Vinachem) to ensure a reasonable structure, promote its leading role in the chemical industry, maximize its potential and strengths, and focus on highly effective industry groups.
After restructuring, Vinachem has enough capacity and financial resources to operate production and business effectively, stably and sustainably, and in conjunction with environmental protection.
Innovate organization, business methods, management and operation mechanisms, improve technical and technological capacity and human resources in both quantity and quality, rationally organize the market and well manage business operations; invest in key projects to ensure the Group's growth rate.
Restructuring investment capital in subsidiaries, creating enterprises in the Group with large equity capital, financial potential to ensure the improvement of investment capital efficiency, ensuring major balances of the state in the fields of fertilizers and chemicals, meeting the development needs of the economy ; better serving people and enterprises in the national economy; preserving and developing state capital invested in enterprises.
Resolutely handle subsidiaries, affiliated companies, investment projects that are behind schedule, operating at a loss, and inefficient according to market mechanisms and legal regulations to minimize losses for the state, Vinachem, and society; in which, focus on promptly and thoroughly handling disputes over EPC contracts to implement investment projects.
Strive to achieve an average growth rate of 7.4% per year in total revenue of the Group; strive to achieve a total payment to the state budget in the period of 2021 - 2025 of 10,800 billion VND.
According to the arrangement plan, continue to maintain the Parent Company - Vietnam Chemical Group as a one-member limited liability company with 100% state-owned charter capital for the period 2022-2025.
Accounting units dependent on the parent company - Vietnam Chemical Group: Maintain 02 accounting units as present, including: Chemical Science and Technology Information Center; Chemical Trade and Service Center.
Maintain existing Vinachem units including: College of Chemical Industry; Vietnam Institute of Industrial Chemistry.
By 2025, most member enterprises will be joint stock companies with a streamlined organizational model, with healthy financial status, efficient operations, and modern technology and production techniques equivalent to those of countries in the region.
Consolidate and develop a number of large-scale, effectively operating member enterprises with the ability to compete regionally and internationally in Vinachem's main business areas.
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