Petrovietnam subsidiary builds classrooms for primary school in Quang Binh province

Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo), a subsidiary of state-owned Petrovietnam, last week handed over a function room and classroom building to Primary School No. 2 in Quang Phuc ward, Ba Dong township, in the central province of Quang Binh.

The project was built at a total cost of VND5 billion ($204,000) over an area of about 300 square meters. It includes a two-storey building with six classrooms and function rooms equipped with desks, anti-glare boards, televisions and computers.

On behalf of local leaders, Pham Thanh Minh, a Party Committee member and head of the Education and Training Department of Ba Don township, expressed his deep thanks to Petrovietnam and PVFCCo for sponsoring the project.

“This is an extremely valuable gift of long-term and sustainable significance to the educational cause of the school as well as of the education and training sector in Ba Don township,” he said.

School principal Nguyen Van Dong said the project would help the locality, school, and parents to overcome difficulties, and create a vibrant teaching and learning space, arousing a spirit of learning among students and a sense of gratitude towards those that have helped them achieve outstanding academic results.

The project is part of the social activities that PVFCCo has been involved in over the years. Identifying education as a top national policy, the company has given special attention to accompanying the cause, contributing to creating its "sharing" culture for the past two decades.

PVFCCo, listed on the Ho Chi Minh Stock Exchange (HoSE) as DPM, has set a total consolidated revenue target of VND17.37 trillion ($735.96 million), and consolidated pre-tax profit of VND2.67 trillion ($113.11 million) for 2023, down 13% and 58%, respectively.

In 2022, it reported net revenue of VND18.63 trillion ($789.13 million) and after-tax profit of VND5.61 trillion ($237.5 million), up 46% and up 77% year-on-year, respectively.

On the stock market, DPM closed Tuesday’s session at VND38,200 ($1.56).