PetroVietnam Fertilizer and Chemical Company (PVFCCo) was established on March 28, 2003, to prepare for the takeover, operation, and commercialization of products from the Phú Mỹ Fertilizer Plant—the very first project in the downstream sector of the oil and gas industry. Subsequently, in December 2004, the Phú Mỹ Fertilizer Plant was inaugurated, and the first batches of Phú Mỹ fertilizer products were launched from the plant’s production line, marking a significant turning point for both the downstream oil and gas sector and Vietnam’s agricultural industry.
From a nation once characterized by outdated agricultural practices and near-total reliance on imported fertilizers—especially urea fertilizer, the most essential input for crop cultivation—Vietnam quickly achieved self-sufficiency in domestic fertilizer supply. This milestone not only spurred remarkable growth in agriculture within a short span but also paved the way for complete food self-reliance, ultimately positioning Vietnam as one of the world’s leading agricultural exporters and providing a robust foundation for the nation’s overall economic development and socio-political stability.
Since that pivotal moment, PVFCCo has grown in tandem with both the oil and gas industry and the agricultural sector, evolving into the PetroVietnam Fertilizer and Chemical Corporation—a publicly listed company with shares traded under the ticker DPM on the stock exchange. Starting with only one product—urea fertilizer and liquid ammonia—under the close oversight of Vietnam Oil and Gas Group, and through the relentless efforts of successive generations of leaders, employees, and subsidiaries, along with the unwavering support of partners and customers, Phú Mỹ’s range of fertilizer and chemical products has steadily expanded in both market presence and production volume. Over the past twenty-plus years, PVFCCo has supplied more than 20 million tons of high-quality, reasonably priced fertilizers to farmers, playing a crucial role in stabilizing the domestic fertilizer market; its distribution network has grown expansively both at home and abroad, consistently earning recognition as a National Brand since 2014.
Building on this solid foundation, the entire leadership and staff of the Corporation have charted a forward-thinking development strategy, embracing breakthrough initiatives with a global mindset. This strategy focuses on diversifying and refining the fertilizer segment while accelerating the growth of the chemical segment. In response to the evolving demands of development, at the end of 2024, the Corporation introduced a new brand name and identity system: Phú Mỹ – Sharing Prosperity. While it remains the familiar Phú Mỹ that has been trusted for over twenty years, it now boasts a fresh, turquoise hue and a modern, internationally appealing design. This cohesive identity embodies the spirit of “One Team, One Goal” and culminates in the final element of the Phú Mỹ brand—the letter “Y” with a red dot—a dual symbol representing both joyful, radiant people and a flourishing plant reaching toward the sun, perfectly aligned with the guiding value of “Sharing Prosperity.”
Here, “prosperity” signifies comprehensive well-being—material abundance, robust health, a warm and joyful spirit, and the purity, safety, and sustainability of the environment and nature. Meanwhile, “sharing” implies a dynamic process of exchange and interaction, where giving and receiving are grounded in mutual understanding and empathy—whether in times of success or amid challenges—so that together we achieve shared prosperity, happiness, beauty, and flourishing that the words “Phú” and “Mỹ” inherently represent. “Sharing Prosperity” thus serves as the guiding principle and common slogan for the Corporation and its new chemical product line, while “For a Bountiful Harvest” will continue to embody the irreplaceable, noble mission of our fertilizer segment.
PetroVietnam Fertilizer and Chemical Corporation will be succinctly known as “Phú Mỹ,” and we remain unwaveringly committed to driving the prosperity of our customers, partners, investors, Phú Mỹ people, and the broader community.
Tiếng Anh
