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On March 31, 2026, Industrial Gas and Welding Electrode Joint Stock Company (Sovigaz) held its 2026 Employee Conference to assess the results of the 2025 Employee Conference Resolution, deploy tasks for 2026, and promote democracy and consensus between employers and employees throughout the company.

Attending and directing the Conference were Mr. Nguyễn Hữu Tú – General Director of Vietnam National Chemical Group; Mr. Chu Văn Giáp – Member of the Board of Directors of the Group; Mr. Nguyễn Huy Thông – Chairman of the Chemical Industry Union of Vietnam, along with representatives for employees from affiliated units.

Overcoming Difficulties, Maintaining Growth in 2025

The report at the Conference showed that in 2025, the company operated in the context of many difficulties: the industrial gas market was fiercely competitive due to supply exceeding demand; liquid oxygen selling prices for hospitals dropped sharply due to online bidding; electricity costs continuously increased; the welding rod market faced substitution pressure from TIG/MIG welding wires.

However, with the reputable brand name of Industrial Gas and Welding Electrode Joint Stock Company (Sovigaz), operational flexibility, and the unity of all employees, the company gradually overcame difficulties, stabilized production, maintained jobs, and ensured employee income.

As a result, many 2025 business targets exceeded the plan: industrial production value reached VND 305.03 billion; revenue reached VND 278.726 billion; pre-tax profit reached VND 1.14 billion. Oxygen output increased by 11.6%, nitrogen by 4.3%, and N48 welding rods by 29.3% compared to the same period last year.

The company focused on technical investment, major equipment repairs to reduce power consumption; strictly implemented labor safety, environmental, and chemical management; and restructured the organization for a leaner structure as directed by the Group.

The average employee income in 2025 was VND 10.362 million/person/month; all policies and regimes were fully implemented. Additionally, the company closely coordinated with the union to care for the material and spiritual lives of employees through timely support activities, organizing cultural and sports movements, and creating a united, cohesive working environment.

The movement for labor emulation and technical innovation was regularly maintained at units, helping reduce costs, improve equipment operation efficiency, and improve working conditions for employees.

Consensus in Implementing 2026 Tasks Amidst Many Challenges

The Conference recognized that 2026 will continue to be a difficult year as gas production capacity has been maximized, price competition is increasingly fierce, input costs continue to rise, and the relocation of acetylene production increases transportation costs.

Based on that, the company set out key solution groups: segmenting customers by efficiency; increasing business of services and new products; controlling liquid product loss; reducing overdue debts; continuing to streamline the organization; and efficiently utilizing unused warehouses and workshops to increase revenue.

At the same time, the company identified the need to continue promoting labor emulation movements, encouraging employees to propose initiatives and technical improvements associated with saving electricity, reducing product loss, increasing labor productivity, and ensuring production safety.

The 2026 targets are set at VND 276.1 billion in revenue, VND 0.4 billion in pre-tax profit, and striving for an average employee income of VND 10.49 million/person/month.

Group Leadership Sets New Strategic Directions for Industrial Gas and Welding Electrode Joint Stock Company (Sovigaz), Emphasizing Employee Welfare

In his directive speech at the Conference, Mr. Nguyen Huu Tu, General Director of Vietnam National Chemical Group, acknowledged and highly appreciated the efforts and contributions of the company’s officials and employees to the Group's overall development in recent years.

He highly valued the positive changes in the company’s management mindset, especially the focus on listening to customers and understanding the market. The General Director also noted that 2026 is forecasted to remain difficult due to geopolitical fluctuations, increasing logistics, fuel, and raw material costs. Therefore, the company must proactively review and optimize all existing resources, from land, workshops, and transportation to human resources; strongly accelerate digital transformation and optimize operations to reduce costs and improve business efficiency.

A point particularly emphasized by the General Director is caring for and improving employee income. For sustainable wage improvement, the company must find solutions to increase revenue and profit, fully exploit all available potential, and turn resources into value and specific revenue. Along with that is reviewing and evaluating the workforce, leveraging engineers’ and creative workers’ abilities; enhancing professional training and making effective use of the Group's training programs.

The General Director also oriented the company to closely follow the Group’s major strategies in developing pure and ultra-pure chemical products; participate more deeply in the high-tech industrial value chain; and move from simply supplying products to providing comprehensive solutions for customers to increase value and profit.

Besides business tasks, the company must pay special attention to safety, environment, and green transition; research energy-saving solutions, reduce electricity consumption, apply scientific and technological advances to lower production costs; and continue to care for employees’ spiritual lives, build corporate culture, and promote creative labor emulation movements.

The General Director expressed confidence that, with determination for innovation, proactive and creative spirit, and the effective exploitation of the company’s technological strengths, Industrial Gas and Welding Electrode Joint Stock Company (Sovigaz) will make strong progress in the coming period, positively contributing to the Group’s overall growth targets; he also sent thanks and encouragement to all officials and employees to enter 2026 with new enthusiasm, motivation, and determination to excellently complete assigned tasks.

With a democratic, straightforward, and responsible spirit, the Conference approved the 2026 Employee Conference Resolution, demonstrating the high determination of Industrial Gas and Welding Electrode Joint Stock Company (Sovigaz)’s workforce to overcome difficulties together, intensify emulation movements, promote innovation, and better care for employees’ lives to fulfill 2026’s mission effectively.

Some images from the Conference: