Some Information to Know about Vietnam National Chemical Group

The Vietnam Chemical Group has the following legal form, legal status, and functions:

- The Vietnam Chemical Group is a one-member limited liability company with 100% charter capital held by the State; organized and operated under the provisions of the Law on Enterprises, relevant legal regulations, and its Charter.- The Vietnam Chemical Group has legal status, a seal, a symbol, and is allowed to open accounts at the State Treasury, domestic, and foreign banks in accordance with the law.- The Vietnam Chemical Group has its own capital and assets, and is responsible for its obligations with all of its assets.- The main functions of the Vietnam Chemical Group:- Investing and managing the state capital assigned to the Vietnam Chemical Group;- Conducting chemical-related activities under the provisions of the Law on Chemicals; organizing and supervising the production and business activities of fertilizers, plant protection chemicals, basic chemicals, consumer chemicals, pharmaceuticals, petrochemicals, and mineral exploitation and processing of the Vietnam Chemical Group;- Performing the function of direct production, business, or investment in subsidiaries and affiliates; controlling subsidiaries according to the level of holding charter capital of these companies in accordance with the law and this Charter;- Exercising the rights and obligations of the owner of the Vietnam Chemical Group's capital at subsidiaries and affiliates;- Developing and implementing coordination plans for business operations within the Vietnam Chemical Industry Group;- Performing other tasks assigned by the State.

Decree 20 regulates the operational objectives and business lines of the Vietnam Chemical Group as follows:

Regarding operational objectives:

- Conducting profitable business, preserving and developing the owner's invested capital and the capital of the Vietnam Chemical Group invested in other enterprises; completing other tasks assigned by the owner;- Developing the Vietnam Chemical Industry Group with modern technology and management and high specialization; wherein the chemical industry is the main sector; conducting scientific research, technology, and training to provide services to member companies; closely associating production and business with science, technology, research and development, and training; acting as the core for the rapid, sustainable, competitive development and effective international economic integration of Vietnam's chemical industry;- Enhancing the quality and diversifying products, best meeting the demand for products in the domestic market, and exporting to foreign markets.

Regarding business lines:

Main business lines: Producing and trading fertilizers, plant protection chemicals; mining and processing minerals for producing fertilizers and chemicals; rubber processing industry; producing and trading basic chemicals, consumer chemicals, pharmaceuticals, petrochemicals.

Business lines related to main business lines: Chemical industry design consulting; importing and exporting chemical materials and equipment; training high-quality human resources for the chemical industry.

For business lines the Vietnam Chemical Group is investing in but not included in the above-mentioned lines, the Group will manage and divest capital according to the content and roadmap approved by the Prime Minister of the Government of Vietnam.

Depending on the timing and production and business conditions, the Vietnam Chemical Group may supplement other business lines not prohibited by law upon approval by the state owner.

According to Decree 20, the charter capital of the Vietnam Chemical Group at the time of issuing the Charter is 13,718,000,000,000 VND (Thirteen trillion seven hundred eighteen billion VND). In case adjustments or additions are needed, the Prime Minister of the Government of Vietnam should be reported to for consideration and approval. Charter capital adjustments will be implemented according to legal regulations.

See detailed Charter of the Vietnam Chemical Group in Decree 20/2018/ND-CP, effective from February 5, 2018.

-Thao Uyen-

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