Phu Tho (VNA) – The Vietnam Paper Corporation (Vinapaco) earned nearly 2.6 trillion VND (111.8 million USD) in revenue in 2018, exceeding the yearly target by 19 percent and recording an annual increase of 15 percent. The figures were released at a conference to review the company’s performance last year and set out tasks for 2019, which took place in the northern province of Phu Tho on January 22. Accordingly, in 2018, Vinapaco’s paper output surpassed 120,000 tonnes, of which over 113,000 tonnes were consumed. It exploited 160,000 cubic metres of timber and planted new forests spanning more than 2,300 hectares. The company’s contribution to the State budget and profit reached 131 billion VND (5.63 million USD) and 70 billion VND (3.01 million USD), respectively. Speaking at the conference, Chairman of the Vinapaco Members’ Council Hoang Quoc Lam said that in 2019, Vinapaco will focus on restructuring its apparatus, finances, development investment, … [Read more...] about State-owned paper producer surpasses yearly revenue target
