PVN submitted to state budget 60 trillion dong in 07 months, equal to 68.1 % of the year

As of the end of July 2019, paying the State budget of Vietnam Oil and Gas Group (PVN) reached 59.6 trillion dong, equaling 68.1%

Phu My Fertilizer Plant at night.

In the first 7 months of 2019, PVN must implement production and business targets and tasks in the context of fluctuating world economy, oil and gas market is unpredictable, trade tension as well as politics crisis in many areas which put a negative impact on the global economic picture as well as in the country. However, with the highest spirit and determination, taking the initiative in developing and proposing solutions for implementation, of the Party Committee, Members' Council and the Board of Directors of the Group, the solidarity and effort to overcome difficulties of all petroleum workers, PVN continued to fulfill the targets and tasks set in July and the first 7 months of 2019. The Group has completed and exceed the assigned targets and tasks; including targets exceeding 13% of the plan.

Specifically, protein production in the first 7 months reached 850.4 thousand tons, exceeding 10% of the plan; electricity production in the first 7 months reached 13.24 billion kWh, exceeding 2.3% of the plan ... Total revenue of the 7-month Group was estimated at VND 432.7 trillion, surpassing 11.8% of the 7-month plan and equal to 70.7% of the year plan; The State Budget of the 7-month Group was estimated to reach VND 59.6 trillion, 7% higher than the 7-month plan and 68.1% of the year plan.

Investment projects of PVN and its member units are strictly controlled. PVN regularly reports to the government on the progress, difficulties and obstacles to promptly take measures and support PVN on the work of social security is implemented according to commitments.

Hai Anh