Development Strategy

General Objectives

Maintain the position as the No. 1 fertilizer producer in Vietnam and expand into the production and trading of basic chemicals and petrochemicals with the goal of positioning PVFCCo as a pioneering chemical and green energy producer in Vietnam.

2022-2025 period: Play a leading and creative role in the fertilizer sector in the domestic market, in line with the Government's 2021-2025 rural agricultural development strategy. Initially expand business and chemical production, focusing on researching opportunities to develop the petrochemical sector, clean energy such as "green" NH3.

2026-2030 period: Invest in expanding production scale in both fertilizer and chemical sectors on the principle of optimal use of PVFCCo's infrastructure and resources, integrating with the existing Phu My Fertilizer Plant and PVN's petrochemical refining projects.

Phase 2031-2035: Operate and exploit projects to bring maximum efficiency and become the leading domestic enterprise in fertilizers and chemicals with a global brand.

CORE VALUES

INNOVATION

Innovation drives everything we do. At Phu My, we embrace bold thinking and continuous improvement to develop distinctive, high-value products and services. We foster a culture where every individual and team is empowered to propose, test, and implement creative solutions. We lead through experimentation and commit to lifelong learning to evolve and improve.

PROFESSIONALISM

Professionalism is our foundation. Our qualified workforce, clearly defined processes, and a deep sense of accountability reflects it. We uphold the highest standards in every action, delivering on our promises with integrity and focus. This commitment has earned Phu My a trusted and distinguished reputation in the fertilizer and chemical industry.

EFFICIENCY

We operate with a results-driven mindset. From human resource management and production optimization to supply chain innovation and service delivery, we aim to maximize performance and value. Our products and services meet international benchmarks, ensuring effective, high-impact solutions for customers and stakeholders.

SHARING

We prioritize people and community. The value of “sharing” shapes our culture of empathy, collaboration, and contribution. Phu My builds long-term relationships grounded in mutual success—supporting partners through challenges and growth and contributing to a more inclusive and prosperous future for all.

SUSTAINABILITY

Sustainability is our end goal and operational compass. We are committed to environmental stewardship through clean energy usage and minimizing ecological impact. We invest in community initiatives and promote responsible production practices. Through high-quality fertilizers and internationally certified green chemical technologies, we aim to advance sustainable agriculture, protect the planet, and improve human well-being.

Fertilizer - A market-leading fertilizer brand delivering high-quality, integrated solutions—committed to the success of farmers and the sustainability of agriculture.

2021-2025:

Maximize production output based on the principle of optimizing efficiency and sustainability;

Improve the production process, ensure the product quality of the existing NPK Factory is consistent, and operating at maximum capacity. Increase NPK product output through new investments or through joint ventures, partnerships, mergers, and acquisitions (M&A);

Implement research on new fertilizer products, focusing on organic fertilizers to complete the Phu My fertilizer product line, with trial products to be brought to the market.

2026-2030:

Develop new products based on Urea, create differentiation, and increase competitiveness;

Continue to increase NPK market share, increase high-quality NPK production capacity;

Participate in the organic fertilizer sector and position the role of creating development of the organic fertilizer segment in the market.

Continue to distribute Potassium, DAP, and SA products to provide comprehensive solutions to customers.

2031-2035 Period

Continue to maintain and increase the market share of fertilizers, especially developing NPK and organic fertilizer markets;

Develop smart fertilizers, keeping up with the world's production technology trends.

Chemical - A trusted portfolio of internationally certified chemical products—driving human progress and environmental responsibility.

2022-2025 Period

Improve the efficiency of production and business of existing chemical products. Develop the capacity of storage, trading, chemical production and deploy investment in the production of potential chemicals such as H2O2, Melamine, DEF, Soda Ash, “green” NH3, etc.

2026-2030 Period

Marking participation in the petrochemical business with a number of products (integrated with the petrochemical complex from NG/LNG & Condensate/Naptha gas feedstock; integrated with the refinery to produce large olefins from Ethane cracker, Naphtha cracker).

2031-2035 Period

Becoming a large-scale chemical and petrochemical manufacturer, chemical revenue contributes significantly to revenue and profit for PVFCCo.