Báo cáo thường niên :: PV GAS SOUTH JSC

Báo cáo thường niên :: PV GAS SOUTH JSC tài liệu, giáo án, bài giảng , luận văn, luận án, đồ án, bài tập lớn về tất cả c...

4th Floor, Petrovietnam Tower, 05 Le Duan Street - District - HCMC Tel.: (84-8) 39100108 - Fax: (84-8) 39100097 - Website: www.pgs.com.vn ANNUAL REPORT SUSTAINABLE GROWTH - RELIABLE BRAND TABLE OF CONTENTS MESSAGE FROM THE CHAIRMAN OF BOARD OF DIRECTORS OVERVIEW OF PV GAS SOUTH General information History of establishment and development Major achievements Industry sectors and business locations Major products Business capabilities Company’s position Business models Organization and Personnel Introduction of Board of Directors Introduction of Board of Supervisors Introduction of Board of Managers and Chief Accountant Employees structure SUMMARY OF BUSINESS PERFORMANCE IN 2014 Business situation Business results in 2014 Investment, project execution Financial situation REPORT OF LEADERS Report of Board of Directors Report of Board of Managers BUSINESS PLAN IN 2015 Business plan in 2015 Solutions to achieve target in 2015 INTRODUCTION TO MEMBER COMPANIES Related companies Distribution system CORPORATE GOVERNMENT Operation of Board of Directors Operation of Supervisory Board Transaction, remuneration, and other benefits of BOD, Supervisory Board, and Board of Managers Shareholders’ information Risk management DEVELOPMENT STRATEGY IN 2015 Objectives – Strategies Long-term development plan SUSTAINABLE DEVELOPMENT Responsibilities to Investors Responsibilities to Employees Responsibilities to Society Responsibilities to Environment Community activities AUDITED FINANCIAL STATEMENTS Consolidated financial statements LIST OF ABBREVIATIONS LPG: Liquefied Petroleum Gas (Also known as Gas) CNG: Compressed Natural Gas Dry Gas: Dry gas is a natural gas or associalisted gas which has been treated to remove mechanical impurities, water, bupro and condensate in the gas processing plant Its main composition is methane (CH4) PVN: Vietnam Oil and Gas Group PV Gas: PetroVietnam Gas Joint Stock Corporation PV Gas D: PetroVietnam Low Pressure Gas Joint Stock Company PV Gas South: PetroVietnam Southern Gas Joint Stock Company CNG Vietnam: CNG Vietnam Joint Stock Company VT-Gas: Vietnam Liquefied Petroleum Gas Co Ltd PV Gas SaiGon: PetroVietnam Eastern Gas Co Ltd PV Gas Cylinder: PVGas Cylinder Factory CP Price: Contractual price that Aramco Company (Arap) announces of the beginning of each month and applies to the month of delivery AGM: Annual General Meeting Staff: Officers - Employees - Workers BoD: Board of Director BoM: Board of Managers MESSAGE FROM THE CHAIRMAN OF BOARD OF DIRECTORS Dear our valued shareholders and customers! In 2014, PV Gas South has implemented its production and operation plans with a mixture of favorable conditions and obstacles On the one hand, there have been some certain advantages such as supplies, capital, infrastructure, brand name, etc On the other hand, PV Gas South has still encountered lots of disadvantages like prolonged economy crisis, stagnant manufacturing, reduced LPG demand, high inventory, CP fluctuation not following any rules; as a matter of fact, CP reduced sharply in December 2014 by 52% in comparison with December 2013; intense competition due to other LPG traders applying good support for agents and stores; there has still remained commercial fraud in LPG business in most of markets while the punishment has not been strong enough; the world’s oil price has continuously lowered especially months of year end; price of input CNG, by contrast, has increased, customers have moved to substitutes such as Biomass, coal due to more competitive price In a context of both disadvantages and advantages, PV Gas South has concentrated all resources, actively and flexibly managed along with all PV Gas South’s staff’s resolution That’s the reason why It’s operation tasks, business targets of the year of 2014 were fiercely implemented and the final results exceed its plan numbers, pursued closely Resolution approved by AGM 2014 as follows: - LPG output reached 236,893 tons, exceeding 11.22% of 2014 target - CNG output reached 159 million m3 , exceeding 14.67% of 2014 target - Total revenue reached 7,657.77 billion dong, exceeding 12.86% of 2014 target - Profit before tax reached 246.61 billion dong, exceeding 26,92% of 2014 target Chairman of BoD of PV Gas South Do Tan - Profit before tax reached 246.61 billion dong, exceeding 26,92% of 2014 target - Profit after tax reached 191.5 billion dong, exceed ing 16,98% of 2014 target - The rate of Returns/Charter capital reached 50.39% In the 2015 coming, even though it is forecast that the world’s economy will be better, there have existed lots of risk factors, and in unstable condition, especially the unpredictable fluctuation of oil price, the world’s CP, etc Such factors are latent, affecting PV Gas South’s business operations With different oil price forecast, PV Gas South has prepared its business operation target, financial plan for 2015 with the goal of operation effectiveness utilization PV Gas South key and crucial tasks for 2015 and incoming years are as follows: Firstly, safe, stable and effective operating the system of depots, extraction station, and infrastructure of LPG, CNG; continuous LPG and CNG supply to Customers Secondly, regarding LPG business operation: stay the leading civil LPG trading unit in the South area; reinforce and develop the markets which are competitive and have brought about business effectiveness; expand potential consumption market Regarding CNG: establish consumption network on the whole country; negotiate and make a flexible price policy to convince customers switching their current fuel into CNG; use CNG widely in transportation and industrial manufacturing; Research and development the product of LNP as PV Gas South’s new product line Thirdly, improve the quality of after sales service Fourthly, continue to investment, amend, expand LPG and CNG infrastructure to fulfil market demand Finally, determine properly capital demand for each phase, ensuring reasonable and effective capital structure in order to pursue investment projects, making sure that PV Gas South’s business plans are executed in financially active condition, conserving and developing investment capital Although there exist lots of obstacles, with proper and consistent business strategy as well as clearly operating, associating company’s benefits with shareholders’ welfares; PVN’s concerns, timely support from PV Gas – parent company, I believe that PV Gas South will continue to firmly step up, show that PV Gas South is strong enough to overcome hinders to make accomplishment in the near future On be half of Board of Directors, I would like to thank our valued customers and clients for close coordination cooperation, and shareholders for belief, trust, and support Especially, I highly appreciate all PV Gas South’s staff for their tireless and important contribution to the success of PV Gas South over the year, their effort for its firm status in the industry today Thus, PV Gas South keep its solid position of Vietnam’s leading enterprise as well as brand of “PETROVIETNAM GAS” Best regards with success, Chairman of BoD of PV Gas South Do Tan OVERVIEW OF PV GAS SOUTH General information History of Establishment and Development Major achievements Sectors and Business areas Main products Business capacity Company’s position Business Model Organization and Personnel GENERAL INFORMATION PETROVIETNAM SOUTHERN GAS JOINT STOCK COMPANY (PV Gas South) Head office: 4th floor, PetroVietnam Tower, No - Le Duan, Ben Nghe Ward, District 1, HCMC Tel: (84.8) 39100108 - 39100324 Fax: (84.8) 39100097 - 39100325 Website: http://www.pgs.com.vn Business Registration Certificate: 0305097236 Charter Capital: 380,000,000,000 VND Date listed on HNX: 15/11/2007 Stock code: PGS MEMORABLE MILESTONES PVGas South’s predecessor On March 28th 2000, Gas Trading Southern Enterprise directly under Gas Processing and Trading Company (PV Gas), PV Gas South’s predecessor, was established under the Decision No 389/QD-HDQT issued by Board of Directors of PetroVietnam Corporation (currently known as PetroVietnam) PV Gas South established On April 12th 2006, Board of Directors of PetroVietnam Corporation (PetroVietnam Group) signed Decision No 825/QD-DKVN on the establishment of PetroVietnam Southern Gas Company (PV Gas South) on the basis of the Gas Trading Southern Enterprise directly under Gas Processing and Trading Company (PV Gas) and LPG Business Division of Oil and Gas Trading Company (Petechim) PV Gas South transformed into Joint stock company On July 23rd 2007, PetroVietnam Southern Gas Joint Stock Company celebrated its first annual general meeting When completing legal procedures, Company official come into operation since July 25th 2007 PV Gas South Shares listed Carrying out AGM Resolution, Company’s Board of Directors implemented plan to legally list Company’s shares on the Hanoi Stock Exchange With support of PetroVietnam Securities Joint Stock Company as listing consultant, Company finalized its prospectus and other legal documents to list its shares on the stock exchange On November 15th 2007, Company’s shares was officially listed on Hanoi Stock Exchange with stock code of PGS Shareholder structure According to the list of shareholders ended at December 24th 2014 Shareholder name Share Capital % ownership 13,400,000 35.26% Halley Sicav-Halley Asian Property 3,596,300 9.46% Acadian Frontier Markets Equity Funds 1,664,500 4.38% Other shareholders 1,933,920 50.89% 3,800,000 100% PV Gas Total Change of equity capital During the year, there was not any increase or decrease in equity capital Treasury share transaction During the year, there was not any transactions related to treasury share Other securities: No Transactions of leading shareholders: No Number of shares owned by BOD members and proportion of ownership Name Position Executive Number of shares owned % ownership Representative ownership: 4,259,494 shares (PV Gas) wnership: no 11.21% Representative ownership: 4,240,506 shares (PV Gas) Private ownership: no 11.16% BOD member cum Deputy CEO Deputy Representative ownership: 1,900,000 shares (PV Gas) Private ownership: no CEO 5% Ms Nguyen Minh Ngoc BOD member No Representative ownership: 3,000,000 shares (PV Gas) Private ownership: no 7.89% Mr Ha Anh Tuan BOD member No Private ownership: 10.000 shares 0.03% Mr Do Tan Chairman No Mr Vu Quy Hieu BOD member cum CEO CEO Mr Vu Van Thuc Supervisory Board members’ number of shares and proportion of ownership Name Position Number of shares owned Ms Nguyen Thuc Quyen Head of Supervisory Board Private ownership: 11,500 shares Mr Vo Dinh Quang Member Private ownership: no Ms Tran thi Thu Hien Member Private ownership: 5,000 shares % ownership 0.03% 0.01% Board of Managers members’ number of shares and proportion of ownership Name Position Number of shares owned As mentioned in BOD statistics % ownership As mentioned in BOD statistics Mr Vu Quy Hieu CEO Mr Tran Van Nghi Deputy CEO Private ownership: no Mr Vu Van Thuc Deputy CEO As mentioned in BOD statistics As mentioned in BOD statistics Mr Dao Huu Thang Deputy CEO Private ownership: no Mr Ngo An Hoa Chief accountant Private ownership: no Number of shares owned by persons related to internal shareholders and proportion of ownership: no RISK MANAGEMENT Economic risk Generally, in 2014, despite the fact that there was a positive signal of economic growth after a long period of being deep in economic crisis and decrease, the recovering process of global economy seemed quite faint During the year, IMP reduced its forecast of global economic growth over 2014 to 3.3% which was 0.1% and 0.4% less than its forecast released in July 2014 and April 2014, respectively In addition to weak situation of global economy for the first period of 2015, especially Eurozone, Japan, Middle East, Latin America, and Caribbean; political stress between Ukraine and Russia, troubles in Middle East were of the reasons for the world oil’s high price, hence, affecting international trade and threatening directly the world’s economic growth In Vietnam, the economy has appeared to recover from the bottom Macroeconomic situation in 2014 has been step by step better By the end of the year, there was positive progression in the growth and production However, the growth rate was still at low level, budget balance encountered challenges, and enterprises did not escape from difficulties People’s purchasing power slowly improved which was indicated from slower increase in retailing value and consumption service as well as goods and services flow in comparison with previous period As for the oil and gas market, 2014 was commented to be the year with difficult happenings The East Sea status or European Union’s economic penalty towards Russia impacted crude oil price As a matter of fact, crude oil price continuously reduced since October 2014 to the level below 60USD per barrel which was recordly low for the last years This fluctuation affected significantly oil and gas industry’s production in general and PV Gas South in particular Management approach: In order to minimize impacts from such factors, PV Gas South pays close attention to preparation, back-up for changing situations of the economics, market, reinforces internal capability of finance, at the same time set up sustainable relations with customers, suppliers, and credit institutions In particular, PV Gas South owns big storage system, enabling Company to store and take initiative to face up with price fluctuation in the world’s market In addition, the downward trend of price is one of the biggest challenges for PV Gas South in not only providing reasonable price for customers but also maintaining reasonable profit for the Company As for this, PV Gas South prepares plan to submit PV Gas for setting up timelines of buying and selling price in accordance with change in oil low price scenario to ensure stable CNG business operation Economic risk LPG is a highly profitable market which is a great advantage for PV Gas South with its strength However, that advantage is accompanied with competition due to more and more competitors entering the market They are limited companies, major force importing more than a half of LPG in the market In the near future, this force would be formed strongly, then severely compete with PV Gas South, especially in the South market segment Besides, there have bene multi-national corporations, big LPG firms with huge capital capabilities and experiences in production, business and operating Moreover, LPG retailers are now negatively impacted by the situation of commercial fraud in gas extraction They have conducted by using cylinders with reliable brands to pour low-quality gas to make unrighteous profit Although this is considered as unfair competition, it has expanded and damage firms’ benefits Not only the fierce competition, but there has been a trend that consumers have switched from LPG using into other cheaper fuels which make PV Gas South encounter several obstacles in the future Management approach: In order to firmly position in the market, PV Gas South had to reinforce and enhance its management capabilities and professional features in its business and production activities PV Gas South has made its great effort to spread its network of distribution along provinces and cities from Da Nang to the South and its satellite extraction system has been evenly spread over The Southwest, South Central, Southeast; at the same time, the good trade discount policy has been applied for retail agents so as to limit cheap gas of commercial fraud entering the market Additionally, The Company has built up a reputation among customers with the brand of PETROVIENTAM GAS Company’s customers are diversified, consisted of civil customers and industrial, retail agents and CNG customers also, which enables Company to position itself firmly in the market With an advantage of being a member of PVN, PV Gas South has had sustainable supply from Dinh Co gas processing factory and Dung Quat factory Business operation risk Company’s operation now depends mainly on LPG business, therefore, much be subject to the market fluctuation Any fluctuation of supply or consumption of LPG all affected Company’s operation and business outcome Especially, with current phase of the world’s oil and gas’s sudden fluctuation, this risk factor become worrying than ever Management approach: In order to overcome this situation, Company has tried to minimize costs and searched for LPG supplies at low cost; increased capacity of warehouse so that Company could take initiative in input supplies, contribute to valorize in case of high changing market Legal risk As a joint stock company listed on the stock exchange, PV Gas South has incurred and disturbed by Laws of Enterprise, Securities, Tax, international, international trade, etc Decree, Circular and other relevant legal documents In the context of Vietnam’s law under progress, any change in policies or relevant regulations would greatly affect Company’s operation Management approach: Company always take initiative in update and understand legal information related to economy and industry characteristics in order to make actively and reasonably adjustments to operating mechanism in accordance with State law, avoid regretting risks that may badly impact Company’s business Industry specific risk LPG in particular and gas products in general are flammable, the conditions of storage and transport are so strict to avoid any troubles resulting in bad effects and serious damage to assets, human resources, prestige as well as Company’s long-term probability Management approach: In order to minimize this risk, Company has paid close attention to strictly obey technical standard from the stage of design (LPG cylinder, LPG tub, storage system, transportation, etc.), manufacture, construction, and operation, maintenance as well as encouraging agents, units to stringently regulations on labor safety and fire fighting in gas production and business Other risks Other risks like disaster, Epidemic diseases, fire, etc are sudden risks that may cause huge damage to Company’s people and properties, simultaneously leave serious effect for the whole economy Management approach: Company is always aware of the importance of such kinds of risks’ prevention to the maximum by always ensuring labor and producing safety, in addition to implementing commitments of environmental protection to minimize pollution and disasters DEVELOPMENT STRATEGY  Objectives – Strategies  Medium and long-term development strategies OBJECTIVES– STRATEGIES Overall objectives Build up PV Gas South to become leading LPG enterprise in the Southern area at all aspects like LPG sales, market share, market capitalization, company’s staffs meeting all mission requirements in economic integration Develop a multi-sectorial business Company supplying various products with LPG as a dominant Bring PETROVIENAM GAS brand with high reputation, good quality, perfect service, cultural and professional service style in Vietnamese market and Southeast Asia Create a multi-ownership joint stock, in which PV Gas still holds the largest proportion of share, with models including specialized branches, offering services related to LPG and petroleum products not only for the Company’s’ activities but also for companies outside such as design service, construction and installation of LPG supply, warehousing services, etc Objective of average growth rate 2012 – 2025 is to reach 5.42% per annum, in which: + Period of 2012 – 2015: 13.65% per annum + Period of 2016 – 2020: 3.43% per annum + Period of 2021 – 2025: 2.57% per annum Specific objectives Sales, market share + LPG business On the basis of the current situation and development forecast for each particular phase, Company attempts to maintain firmly its position of civil LPG leading business on the whole country and the Southern area with objective: accounting for 35% of civil LPG market share in the Southern area in 2015 with 2015’s sale target of 219,000 ton in which cylinder LPG is of 155,000 ton + CNG business - Build up PV Gas South to become leading CNG business with its network of consumption spreading on the whole country - Widely apply CNG for transportation and industrial households in East Southern area Thus its market expands network of CNG sales throughout the country Distribution system - Adjust distribution channel systems in the direction of lowering intermediaries, develop retail system to endusers - Make plan for annual limit imports to stabilize supplies, satisfying customers’ demand - Develop advertising strategy, promote PETROVIETNAM GAS brand, develop domestic market and nearby areas like Laos and Cambodia - Develop care service center at key markets and prepare for fulfilling the entire system spreading from Da Nang to Ca Mau - Enhance cooperation against fraud in order to increase Company’s usage efficiency of cylinder (12 kg and 45 kg cylinder) Financial activities - Step by step enable Company to take financial initiative, reasonably balance among equity funds and borrowings, ensuring Company’s investment rate at 30% - Ratios of earnings/charter capital continuously increase year by year and the rate after 2012 would not be below 20% - Enhance financial investments on the basis of capital guarantee and growth - Continue to invest in effective joint stock companies - Prepare for entering stock markets and financial investment - Contribute capital/acquire LPG enterprises, warehouse business, service business, transportation, and gradually increase rate of capital contribution if it is efficient - Continue research activities so as to seek for new investment opportunities, especially manufacturing projects or service projects related to LPG Infrastructures investment - Invest in storage depots and filling and extraction stations to promote civil LPG, covering market from Da Nang to Ca Mau - Invest in vehicles to transport LPG on the basis of balancing demand and finance aiming at achieving the highest level of efficiency - Invest in construction/purchase of paint factory, repair, re-testing LPG cylinders - Continue investment or coordination in effective investment in infrastructures (storage depots, filling and extraction stations, means of transports, etc.) LONG-TERM DEVELOPMENT STRATEGY On the basis of Resolution No 16/NQ-KVN issued on June March 2009 about PV Gas South’s medium and long term development strategies up to 2025, Board of Managers established specific operating objectives for medium and long term strategies as follows: - Operate safely, effectively, and ensure security for Company’s current warehouse and stations of LPG and CNG - Enhance, focus on LPG retail in the areas controlled by PV Gas South, pay special attention to open retail store to sell to end-users, minimize intermediaries to improve business efficiency - Grasp thoroughly guidelines by PVN, PV Gas to promote internal energy, enhance using service by industries inside providers so as to collaborate, mutually support in business and production activities Be along with PV Gas to build up and develop the PETROVIETNAM GAS brand to become more and stronger and position itself in the market - Perform other tasks delivered by PV Gas Implementing solutions Business and Production solutions - Continue to promote LPG cylinders, improve the efficiency of retail stores, and manage effectively the investment in new cylinders and cylinder turnover - Research overall market, then, offer suitable policies to develop, continue to reinforce the regional market segments in the Company’s area of operation, foster weak market Set up promotional advertising programs, brand promotion to consumers - Exploit effectively storage depot such as LPG Go Dau, Dung Quat, Can Tho, increase capacity of filling and extraction stations to be proactive in selling and step by step reduce costs - Review, supplement, amendment procedures of safety, regulations of repair and maintenance, economic technical norms, etc to lower product price, increase labor productivity, enhance product competitiveness in the market - Boost market information and forecast for making plan, arranging supply, balancing inventory, and selling products Finance – Accounting solutions - Take advantage of borrowings from financial institutions, funds from PV Gas, PVN, guarantee enough funds to fulfil investment and production requirements - Strictly control price, cost, and ensure that product and service’s price and quality are reasonable Perform inspecting and supervising activities to timely adjust any issue occurring - Review operating expenses to reduce costs and lower prices if possible so as to increase Company’s capabilities to compete with other brands and increase its production efficiency - Focus on receivables collection, apply suitable means to collect in case of big amount and prolonged indebtedness Investment – Construction, Fire safety solutions a Science – Technology and Manufacturing solution: - Continue to research, maintain and develop the application of CNG in transportation and industrial areas, and so on to replace other fuels - Research and develop LNG distribution and selling (for transportation as well as industrial activities), contributing to bring LNG to be used as Company’s new product line - Select, transfer apply and master modern technologies which are environmentally friendly in production and business activities b Safety and Environmental protection solutions: - Build up environmentally friendly behavior culture, promote advocacy, legal educating, enhance awareness, establish standards, and be naturally friendly aware - Organize training courses for staffs so as to raise awareness of environmental protection and labor safety - Protect environment by using new technologies, develop resources, fuels, energies saving technologies which are environmentally friendly - Maintain, apply effectively and continuously improve system of Safety – Quality - Environment c Innovative solutions: - Apply policies prioritizing science and technology development, thoroughly grasp science and technology human resources development - Focus on research and development of science and technology products branded with PV Gas South, make international collaboration of science and technology with traditional partners so as to improve science and technology capabilities among relevant staffs - Create favorable conditions to promote the creativity of all staffs in promoting their innovations and technical improvement Apply innovations and improvements in production and business practices Human resource, training and corporate renewal solutions: - Thoroughly grasp, well execute planning and appointing officers, ensuring a team of succession as well as selecting capable personnel to perform assigned tasks - Arrange and allocate suitably labor, stop hiring new employees if workload remains unchanged - Build up short-term course of training associated with business tasks, propose right employees to attend training course relevant to their tasks - Develop, maintain and develop young and active, creative human resources SUSTAINABLE DEVELOPMENT  Responsibility to investors  Responsibility to employees  Responsibility to community  Responsibility to environment Beside expanding business operation network, continuous improving product quality and sales and profit boosting, “Sustainable development” orientation along with associating corporate benefits with community benefits involving investors, employees, and environment protection is one of the crucial foundation for corporate long-term and strong development in current integration and modern conditions RESPONSIBILITY TO INVESTORS As to a public company like PV Gas South, maintaining a good relationship with Shareholders is crucial and meaningful for Company’s survival and growth To achieve it, over the last year, PV Gas always follows procedure of information disclosure transparently and accurately, well maintain interacting information channel between Company and Investors through main activities as follows: - Hold successfully AGM 2013-2014 - Disclose information in accordance with the Circular No 09/2010/TT-BTC issued on January 10th 2010 and Circular No 52/2012/TT-BTC issued on April 5th 2012 Accordingly, Company’s financial statements, Annual reports have been always on time, obeying procedures as regulated - Resolutions, Decisions or other documents related to Board of Directors’ meetings have been always updated on time, accurately on Company’s website, enabled Shareholders and Investors to follow - Company has been on the progress to complete website in English for foreign investors RESPONSIBILITY TO EMPLOYEES Job and Job guarantee Although the national economic context has been difficult, company leaders have made great effort to ensure enough job for employees 100% employees are assigned job tasks that are clarified in labor contract, suitable for employees’ expertise and capabilities There has not been situation of unemployment, work stoppage, or idle time Working time and relaxing time Implementing well working time and relaxing time as clarified in collective labor agreement and Labor Code In detail: Company has applied working scheme of 40 hours per week In case employees have to work overtime, they would be paid for their overtime or take compensatory leave as legally regulated; on occasion of official holidays or Tet, employees enjoy their time as clarified in collective labor agreement and working rule Training activities In 2014, Company has held 53 training courses for 1,092 turns, equal to 124% of plan among which, employees were mainly trained professionally, improved their skills to meet requirements of company’s business activities Salary and Bonus Company has issued scheme of salary and bonus payment; salary and bonus payment is based on labor distribution principle, associating with working productivity, quality and efficiency which are expressed by salary regime according to Decree No 205 issued by Government (Basic salary) and job title salary regime (position salary) so as to encourage employees’ activeness and creativity to complete job tasks Every year, Company considers increasing salary levels for employees (in 2014, there were 139 employees considered to increase their salary level according to the Decree No 205 of the Government and 72 employees considered to increase their position payment level) 76 Using bonus and welfare fund at right purpose as approved at annual employees conference in 2014 for enhancing employees’ material and spiritual living, sickness grant, giving support social affairs, charity as guidance of the State, Group, Corporation, and local; financial support for employees’ travel, holiday Other policies for employees + Fully and timely pay social insurance, health insurance, unemployment insurance, individual life insurance, hospitalization insurance, surgery support + Solving employees benefits: retirement, support of death, sickness, maternity are timely and adequately implemented as regulated by Labor Code and Collective labor agreement + Annually, Company gives employees with health checkup after which employees’ health is assessed, consulted and if necessary, they are assigned with suitable job tasks + Company has well implemented compensation as regulated for those who work heavily and harmfully + Company maintains collective kitchen to serve employees with good quality lunches which have been applied for Operating division and some units directly under parent company, member units, contributing to improve people’s material living and ensure employees’ health safety RESPONSIBILITY TO SOCIETY “In 2014, total amount for social charity of more than billion dongs” Aware of corporate responsibility to community, social activities are always concerned by PV Gas South leaders and supported by all company’s staff Company Union actively coordinates with managers and local authorities to motivate 100% employees to contribute “Petroleum interdependent fund”, frequently organize social welfare, “Gratitude” activities, and support people in areas enduring disaster, flooding, firing, etc with spirit of mutual love Some practical activities are as follows: + Poor women support fund + Petroleum young generation program + Comradeship support program + Petroleum interdependent program + Support areas of flood Besides, in 2014, PV Gas South’s officers and employees voluntarily sponsored 03 charity houses and presented poor households at local (Tay Ninh, Can Tho, Binh Phuoc); support 02 difficult employee families (those whose husbands are PV Gas South’s staff dying due to accident on duty, and those whose children get serious illness); gave gifts to disabled children at Thien Phuoc house, Ward 12 and Cu Chi district, seriously ill children at Oncology Hospital, Children’s Hospital, and other associations in the regions where PV Gas South units are located In addition, Union executive committee and union teams directly under company union often holds visiting, presenting to 250 turns of staff, workers who are difficult, ill, special family occasions to encourage, motivate all employees to strive in their work Company organizes visits historic sites; hold practical activities to celebrate special occasions like international women day (8/3), Vietnam women day (20/10), Vietnam family day 77 (28/6), and so on; Organize gifts giving on Children Tet holiday (1/6) and Mid-autumn festival for company’s staff’s children who made good achievements in their study Moreover, Parent company and member companies held tour to foreign companies for 89 staff, youth union members, employees who meet standard of Company’s annual traveling regime RESPONSIBILITY TO ENVIRONMENT With characteristics of gas product trading, ensuring environment protection expresses extremely important meaning in maintaining Company’s business performance Totally aware of this, Company has applied environmental protection policies as follows: - Company has applied management system of Quality – Safety – Environment according to standards of: ISO 9001: 2008, ISO 14001: 2004, OHAS 18001: 2007 Most recently, on March 19th 2013, company was certified with integrated management system of PAS 99: 2006 for its LPG and CNG business scope - Through CNG product, PV Gas South desires to propagate CNG products – fresh energy to customers In 2014, Company signed large number of new contracts, contributing to improve CNG output, hence, CNG output increased by 13% compared to previous year Some environmental benefits of CNG in comparison with other products as follows: + Save fuel expenses due to lower price, then, contribute to reduce product prices, enhance company’s competitiveness + Reduce machine maintenance expense compared to use FO, DO, Coal, etc + CNG is fresh fuel, releasing no harmful substances polluting environment when firing like COx, SOx, NOx + High fuel using efficiency, lengthening equipment’s life in comparison with other fuels that are commonly used like DO, FO, coal, and so on + Safe due to using high quality equipment, matching with America and Europe standards, apply strictly management and operation procedures Besides, CNG is lighter than air, it quickly rises when leaking, then, threat of fire, and explosion due to air accumulation is minimized + Company always obeys strictly prevail laws and other requirements of managing Safety – Quality – Environment according to international standards in order to minimize potential risk during manufacturing, transportation, distribution of gas products At the same time, managers and all staff commit to ensure safety in manufacturing, prevent and control dangers caused by labor accidents, professional diseases, fire, environmental harm, and product quality BRANCH AND AFFILIATES BRANCHES DONG NAI BRANCH Go Dau Port A, Phuoc Thai Commune, Long Thanh District, Dong Nai Province CAN THO BRANCH Lot II.5, II.6 Tra Noc II Industrial Zone, O Mon District, Can Tho City TIEN GIANG BRANCH Industrial Zone, Handicraft Industry Tan My Chanh Ward 9, My Tho City, Tien Giang Province VINH LONG BRANCH 138C Dinh Tien Hoang Street, Ward Vinh Long City, Vinh Long Province CA MAU BRANCH 18/4 Ly Thuong Kiet Street, Ward 6, Ca Mau City NHA TRANG BRANCH 157 Group 2, Vinh Phuong Commune, Nha Trang City QUANG NGAI BRANCH 3rd Floor, Building Petrosetco, No An Duong Vuong Quang Ngai City, Quang Ngai Province NINH THUAN BRANCH 414 Ngo Gia Tu, Phan Rang City Thap Cham, Ninh Thuan Province BINH DINH BRANCH Lot D601, Nhon Hoi Industrial Zone A, Nhon Hoi Commune, Quy Nhon City GIA LAI BRANCH Lot 4D Tra Da Industrial Zone, Pleiku City, Gia Lai Province DAK LAK BRANCH Hamlet, Hoa Phu Commune Buon Ma Thuot City, Dak Lak Province PETROLEUM GAS BOTTLE FACTORY VIETNAM Lot A-208, A-209, A-210, textile Nhon Trach Industrial Zone, Nhon Trach District, Dong Nai Province 3566.051 3566.052 PetroVietnam Eastern Gas Co.Ltd (PV Gas Saigon) 45-47 Nguyen Kiem, Ward 3, Go Vap District, HCMC VUNG TAU BRANCH Floor 2.3, Gas Tower, No 61B, 30/4, Thang Nhat Ward, Vung Tau City BINH PHUOC BRANCH Block G, N4 Road, North Dong Phu Industrial Park Tan Phu Town, Dong Phu District, Binh Phuoc Province TÂY NINH BRANCH 262 Nguyen Luong Bang, Dong Truong Commune Hoa Thanh District, Tay Ninh Province Vietnam Liquefied Petroleum Gas Co Ltd (VT-Gas) Dong Nai Port, Long Binh Tan Ward, Bien Hoa City, Dong Nai Province Representative Office: Room 606, Waseco Building, 10 Pho Quang, Ward 2, Tan Binh District, HCMC MEMBER COMPANIES CNG Vietnam Joint Stock Company (CNG Vietnam) Floor 7, Gas Tower, No 61 B 30/4, Thang Nhat Ward, Vung Tau City, Ba Ria - Vung Tau Province Factory: Phu My Industrial Zone, Road No 15, Tan Thanh District, Ba Ria - Vung Tau Head office: 4th floor, PetroVietnam Tower, No - Le Duan, Ben Nghe Ward, District 1, HCMC Tel: (84.8) 39100108 - Fax: (84.8) 39100097 - 39100325 Website: www.pgs.com.vn ... PGS MEMORABLE MILESTONES PVGas South s predecessor On March 28th 2000, Gas Trading Southern Enterprise directly under Gas Processing and Trading Company (PV Gas) , PV Gas South s predecessor, was... Company PV Gas South: PetroVietnam Southern Gas Joint Stock Company CNG Vietnam: CNG Vietnam Joint Stock Company VT -Gas: Vietnam Liquefied Petroleum Gas Co Ltd PV Gas SaiGon: PetroVietnam Eastern Gas. .. company – PV Gas South Daughter station (gas fillingstation for buses) Pho Quang Street Parent company – PV Gas South Daughter station at 449 Nguyen An Ninh, Vung Tau Parent company – PV Gas South