VINACHEM

On April 29, 2025, DAP-Vinachem Joint Stock Company held the 2025 Employee Representative Conference. Attending the conference were Mrs. Nguyễn Thị Thu Bình – Member of the Standing Committee of the Party Committee, Member of the Board of Management of the Group; Mr. Nguyễn Tuấn Dũng – Vice President of the Group; Mrs. Ho Thi Mai Huong, Vice President of Vietnam Industrial Chemical Trade Union; and 75 delegates representing 677 employees in the Company.

The conference heard the Report on the Implementation Results of the 2024 Employee Conference Resolution and the orientation of tasks for implementation in 2025. The report clearly stated that in 2024, the Company faced many difficulties and challenges. Global geopolitical fluctuations and trade wars seriously affected prices and raw material supply. The impact of Typhoon No. 3 - Yagi in September 2024 caused severe consequences for the Company. Over the past year, the fertilizer market experienced many unstable fluctuations, especially the declining supply and quality of apatite ore, forcing the Company to cut production, negatively affecting business results.

Against that backdrop, with the close guidance of Vietnam National Chemical Group, the Board of Directors and all employees united and made efforts to overcome difficulties and challenges, maintain stable production and business operations, ensure employment, and gradually improve the lives of employees. Production was stabilized, and the Company's DAP products continued to maintain brand reputation, improve quality, maintain the domestic market, and were exported to the international market.

Thanks to the application of many management solutions, the promotion of scientific and technological applications, and the optimization of production and business operations, the Company exceeded the targets set by the 2024 Employee Conference Resolution. Specifically: Industrial Production Value (actual price): VND 3,197.47 billion, by 101.8% of the plan; Total Net Revenue: VND 3,415.99 billion, by 104.5% of the plan; Pre-tax Profit: VND 211.54 billion, by 169% of the plan.

The Company always ensures the full implementation of regimes and policies for employees in accordance with the law and the collective labor agreement with many more favorable terms for employees. With a workforce of over 670 people, 100% of employees have stable jobs, and the average income reached VND 18.6 million/person/month.