Ho Chi Minh City, December 27, 2013 – PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo – stock code DPM), the enterprise producing and trading Phu My fertilizer products, signed a Memorandum of Agreement on fertilizer business cooperation with Nitrogen Chemicals and Fertilizer Cambodia Ltd (NCFC), with the purpose of boosting the business cooperation activities in this market.
In the afternoon of December 26, 2013, in Ha Noi, the representatives of the leaders of the two companies signed the MoA in the framework of the official visit of Prime Minister Samdech Techo Hun Sen to Vietnam, under the witness of the Prime Ministers and the high ranking delegations of the two countries.
According to the MoA, PVFCCo and NCFC will cooperate tightly in the distribution of Phu My fertilizer products of high quality at reasonable price to Cambodian market, helping enhance the agricultural development and support the farmers in this market.
NCFC is a member of Royal Group of Companies. This is a multifaceted royal group, having financial potential, which invests and operates in various industries in Cambodia.
Cambodia has been one of the target export markets of PVFCCo in recent years. PVFCCo officially established its branch in Phnom Penh in 2011, and so far has exported approximately 32,500 tons of fertilizer (mainly Phu My and Ca Mau fertilizer products) to this market. In addition to signing product distribution contracts with major agents, PVFCCo Branch in Cambodia also sells products directly to small agents in provinces in order to develop the distribution network and deploy numerous activities of technical support to Cambodian farmers.
