PVN pays VND 60 trillion in taxes in 7 months
The Vietnam Oil and Gas Group (PVN) has paid some VND 59.6 trillion in taxes, equivalent to 68.1% of the year’s plan.
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PVN has fulfilled all business and production plans for the first 7 months of 2019 by the end of July despite negative impacts from the world’s economy, trade tensions between economic powers and geopolitical changes in many regions. To reach these achievements, all leaders and workers of PVN have continuously tried their best and united together in overcoming difficulties, performing their tasks and striving for the common objectives.
Particularly, fertilizer production reached 850,400 tons, up by 10% against the plan while electricity production reached 13.24 billion kWh, 2.3% higher than the planned target. The total earnings of the Group in 7 months were estimated at VND 432.7 trillion, up by 11.8% from the 7-month plan and equal to 70.7% of the year’s plan. Also in the past seven months, the group’s contribution to the State Budget was estimated at VND 59.6 trillion, 7% higher than the plan for the 7 month.
The projects invested in by the Group and its subsidiaries are closely overseen. The Group regularly reports to the competent agencies on the construction progress, difficulties and problems in order to promptly have solutions to accelerate the projects.
