Tiếng Anh
DPM Sets Sights on $1.1 Billion Revenue by 2030, with Average Annual Profit Growth of 21%
PetroVietnam Fertilizer and Chemicals Corporation – Joint Stock Company (PVFCCo, ticker: DPM) has issued a Board of Directors resolution approving and assigning the five-year production and business plan for 2026-2030. The plan targets total revenue of VND 31.22 trillion (approximately $1.1 billion) by 2030, with after-tax profit of VND 1.48 trillion, representing an average annual profit growth rate of 21.3-21.6%.
Chemicals Emerge as the New Growth Engine
Per the resolution, DPM's consolidated total revenue over the 2026-2030 period is projected at VND 113.68-115.95 trillion, representing average annual growth of 14.1-14.6%. Pre-tax profit for the entire period is estimated at VND 4.99-5.09 trillion, with after-tax profit of VND 3.99-4.08 trillion, corresponding to average annual growth rates of 21.3-21.6% and 21.6-21.9%, respectively.
The production volume structure reveals a pronounced shift toward the chemicals segment. New chemical products are projected to achieve sales volume of 1,040.8 thousand tons by 2030, with average annual growth of 400-402%, accounting for nearly half of total product output (2,195.3 thousand tons) in the final year of the plan. Meanwhile, Phu My Urea remains a pillar product with sales volume of 4,030-4,118 thousand tons throughout the period, while Phu My NPK maintains approximately 1,000-1,020 thousand tons.
To realize these targets, DPM will deploy capital into key projects including:
- H₂O₂ (Hydrogen Peroxide)
- DEF (Diesel Exhaust Fluid)
- Off-gas Utilization
- Melamine
- H₂SO₄ (Sulfuric Acid)
- Warehouse and Port Systems expansion to support regional logistics
The company also targets successful completion of at least 2 M&A transactions in the fertilizer and chemicals sectors. Parent company investment for the entire period amounts to VND 11.69 trillion, with average annual growth of 55.4%, reaching VND 1.34 trillion in 2030 alone. DPM will also explore new investment opportunities in petrochemicals, gas-based chemicals, Urea production capacity enhancement, and Phase 2 commercial CO₂ projects.
Profitability Metrics Show Strong Acceleration Toward 2030
Efficiency indicators are designed to accelerate progressively: Return on Equity (ROE) averages 7.64% over the period but rises to 14.13% by 2030; Return on Assets (ROA) correspondingly increases from 4.36% to 7.23%. By end of 2030, consolidated total assets are projected at VND 20.84 trillion, with equity of VND 10.69 trillion. Over the five years, DPM is projected to contribute VND 1.92-1.96 trillion to the state budget, growing at an average rate of 10.4-10.6% annually.
Long-Term Strategic Direction
Over the long term, DPM aims to:
- Maintain position as Vietnam's leading fertilizer manufacturer
- Expand basic chemicals production
- Prepare resources for participation in petrochemicals and gas-based chemicals sectors
- Complete ESG strategy formulation by 2030
- Operationalize upgraded ERP and HPM systems
- Continue organizational restructuring toward leaner operations
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