After one year operating in a manner of a joint stock company, VIPCO has fulfilled the Resolution of General Meeting of Shareholder and 2006 plan, namely:
1. Organization
4 limited companies and 1 branch have been established, among those 1 company started its operation on April 2006 and 3 others started on January 01, 2007.
Modern and effective program of personnel administration has been established and implemented.
2. Investment
A 3 year old 37,256 DWT product tanker which built in Korea was bought and her operation will start on early February 2007.
The projects of shallow draft 20,000 DWT oil tanker and asphalt tanker are being carried on.
Bomb and mine disposal has been completed and the emplacement of 410,000 m3 area for Petroleum and Container terminals is being completed.
3. Listing and Registered Capital Increase
The company has carried out its first interchange turn at Ho Chi Minh Securities Trading Center on December 21, 2006.
Procedures for 1st stage of registered capital increasing will be completed on early January 2007. VND 70.2 bil. shares of first stage will be distributed for current shareholders.
4. 2006 norms achievement
According to fast report:
- Income (estimated): VND 846,570,683,000 equal to 113.3% of the plan and equal to 122.1% of estimation of the post-equitization project.
- Profit (estimated): VND 91,000,000,000 equal to 130.8% of the plan and equal to 131.5% of estimation of the post-equitization project.
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