Conference to review the work in 2019, Deploy the plan for 2020; Conference of employees and commending advanced examples in the period of 2015 – 2019

On December 6, 2019, at the 27th floor of CEO Pham Hung Street, Tu Liem, Hanoi, PetroVietnam Machinery and Equipment Joint Stock Company (PVMACHINO) held a Conference to summarize Party work, production and business activities. in 2019; implementation of the 2020 plan; Conference of employees and conference of advanced examples in the period of 2015-2019.

Attending the Conference were Mr. Le Nhu Linh – Deputy Secretary of the Party Committee, member of the Board of Directors, General Director of PetroVietnam Power Corporation – JSC (PV Power); Mr. Nguyen Huu Quy – Member of the Board of Directors of the Corporation; representatives of the Trade Union, the specialized departments of the Corporation.

On the side of the Company, there were Mr. Nguyen Dinh Trung – Secretary of the Party Committee, Director; Mr. Pham Van Hiep – Deputy Secretary of the Party Committee, Chairman of the Board of Directors of the Company; comrades in the Executive Committee of the Party Committee, the Board of Directors, the Supervisory Board, the Board of Directors, representatives of member units and all employees of the Company.

Mr. Nguyen Dinh Trung – Secretary of the Party Committee, Member of the Board of Directors, Director of the Company, on behalf of the Board of Management, reports on summarizing, analyzing and evaluating business activities in 2019 and operation plan in 2020. With the support and concern of the Corporation’s leaders, the specialized committees, the Party Committee of the Company, the Board of Directors and all employees of the Company have united and determined to implement the plan. assigned and successfully complete the assigned tasks. The main targets in 2019 include: Total consolidated revenue reached VND 1,570 billion, exceeding the year plan by 31%; Profit before tax reached VND 40.8 billion… Preserving and developing equity, avoiding overdue debt, stock value increased, employee income was enhanced. In the 2020 plan, the Company continues to provide equipment and input materials for regular production activities and the repair and maintenance of power plants of the Corporation, its member units and other power plants. bidding packages, projects inside and outside the oil and gas industry; Continue to research and invest in projects and fields such as hydropower, renewable energy and other feasible projects in order to create sustainable and long-term development for the Company, and at the same time work with other stakeholders. O&M manufacturer to act as a distribution agent, has now signed a contract to be the official distributor of light electrical equipment of Siemens Group in Southeast Asia… However, facing new difficulties and challenges, the company The company needs to continue to implement synchronous solutions to successfully implement the targets of the  2020 business plan.

Mr. Le Nhu Linh – Deputy Secretary of the Party Committee, member of the Board of Directors, General Director of PV Power Corporation recognized and appreciated the role of the Board of Directors and employees of the Company in completing the task. exceeded the plan in 2019 through the targets of revenue, profit, dividends, budget payment, job security and income for employees…. He also affirmed that PVMACHINO is an important unit among the subsidiaries of the Corporation, operating effectively, always making a stable contribution to the Corporation’s business results every year. With the strength of a unit with a long history and experience, he believes that PVMACHINO will become a commercial unit with a position to contribute to making the Corporation’s business activities more diversified and rich. . He also noted that the unit should closely follow projects in the industry, exploiting the Corporation’s available potential to the fullest extent; promote the spirit of solidarity, overcome difficulties in a fiercely competitive environment to reach the finish line.

Mr. Pham Van Hiep – Deputy Secretary of the Party Committee, Chairman of the Board of Directors of PVMACHINO, on behalf of the Executive Board of the Party Committee, the leadership team and all employees of the Company, thanked the attention of Mr. Le Nhu Linh and the Board of Directors. PV Power Corporation, receiving the direction of superiors. At the same time, it is also recommended that the Corporation create more conditions for the Company to increase the proportion of revenue from supplying materials and equipment to projects, factories in the Corporation

and the Oil and Gas industry. As a unit with a long history of development, as one of the member units of the Corporation, with strengths and prestige inside and outside the oil and gas industry, the company’s leadership team will focus on researching synchronously deploying solutions to promote the Company’s business activities in 2020 and develop the Company’s development orientation in the following years.

Comrade Chu Thi Thanh Chung – Chairman of the Company’s trade union reported on the operation of the Trade Union and the results of monitoring the implementation of labor contracts, collective labor agreements, internal rules and regulations of the enterprise. related to employees in 2019. Promoting the results achieved in 2019, the Executive Committee of the Trade Union builds a work program, closely coordinates with the government to launch a movement of labor emulation, dynamism and creativity. , promote initiatives, improve techniques to improve business efficiency, contribute to the overall development of the Company.

Next, Mr. Chu Van Khanh – Head of Organization and Administration Department, Standing member of the Company’s Emulation and Commendation Council reported on a summary of the emulation movement in the period 2015-2019 and orientations and tasks of emulation work. period 2020-2025.With the results achieved in 2019 and the period 2015-2019, many individuals and collectives in the Company have been recognized and praised for their achievements at all levels.

Approving the conference to summarize the work in 2019, Deploy the plan for 2020 and the conference of employees for the period 2015-2019; PetroVietnam Machinery and Equipment Joint Stock Company gradually completes its goals and tasks, contributes to solving difficulties and challenges, and focuses on implementing the comprehensive plan for 2020.