PVFCCo - Phu My: 23 Years of Resilient Value Expansion and Reaching Global Stature

Expanding Product lines, Shaping the Ecosystem

On March 28, 2003, PVFCCo—formerly known as the PetroVietnam Fertilizer and Chemicals Company—was established with the mission to operate the Phú Mỹ Urea Plant. As Vietnam's first facility to produce urea from natural gas, it fulfilled the majority of domestic demand at the time, ensuring supply security, stabilizing the market, and supporting national agricultural production.

Since its inception, PVFCCo – Phú Mỹ has continuously enhanced its production capacity and corporate governance. Today, as a titan in Vietnam’s fertilizer and chemical industry, the Corporation has supplied approximately 25 million tons of various products to the market. Furthermore, PVFCCo has contributed over VND 8,000 billion to the state budget and billions to social security initiatives, affirming its commitment to community development.

The year 2025 marked a period of robust performance, with PVFCCo – Phú Mỹ exceeding its key targets: total sales volume reached over 1.4 million tons, generating a consolidated revenue of VND 17,000 billion. Notably, the enterprise achieved Digital Maturity Level 3.0, signaling a significant leap in governance and market adaptability. In early 2026, the successful completion of the major turnaround at the Phú Mỹ Urea Plant further enhanced equipment reliability and optimized operational efficiency, providing a solid foundation for stable production and performance growth in the coming phase.

Building on the foundation of safe and efficient operations in its core fertilizer segment, PVFCCo has strategically transitioned from a single-product manufacturer to a provider of comprehensive crop nutrition solutions. Beyond urea, the portfolio now encompasses NPK, DAP, urban agriculture products, organic-microbial fertilizers, and holistic farming solutions.

A key milestone in this journey is the Phú Mỹ NPK Plant. By refining technology and optimizing formulas for diverse soil types, the plant reached a cumulative output of 1 million tons by September 2025 after seven years of operation, steadily solidifying its market position.

In parallel with the fertilizer ecosystem, PVFCCo identifies chemicals as a strategic growth driver for the next era. Leveraging technical expertise and management experience, the Corporation focuses on three primary pillars: Basic Chemicals, Green Chemicals, and Ultra-pure Chemicals. Products such as DEF/AdBlue Phú Mỹ, NH₃, CO₂, and UFC85 continue to be optimized for broader applications, serving as a springboard for higher value-added product lines. This direction underscores a commitment to stringent environmental, quality, and technological standards, catering to modern industrial sectors.

Market Expansion and Regional Integration

Alongside product diversification, PVFCCo has proactively expanded its footprint both domestically and abroad. Moving beyond a domestic focus, the Corporation has cultivated strong trade relations with international partners, expanding exports to various regions. Currently, Phú Mỹ products are present in numerous countries across Asia and Australia, enhancing the brand’s prestige in the global fertilizer industry.

Southeast Asia, particularly Laos, is identified as a high-potential market. In early 2026, PVFCCo conducted surveys and fertilizer field trials in Southern Lao provinces, such as Attapeu and Sekong. Initial results on key crops like sugarcane and coffee have shown positive efficacy, unlocking long-term cooperation opportunities.

Practical applications on the Bolaven Plateau and Attapeu’s sugarcane raw material areas demonstrate that Phú Mỹ Urea and Phú Mỹ NPK adapt exceptionally well to local soil and climatic conditions. This success forms the basis for a regional expansion strategy. Simultaneously, the Corporation is intensifying international cooperation, seeking investment and M&A opportunities to access new technologies and sharpen its competitive edge.

Infrastructure Investment and Value Chain Integration

To bolster production capacity and secure raw material sources, PVFCCo is accelerating key infrastructure projects, including H₃PO₄ storage tanks, NH₃ tanks, and a 110 kV substation. These projects are essential to completing the production chain and optimizing the efficiency of the Phú Mỹ Fertilizer Complex.

Recently, the construction of a 2,400 m³ H₃PO₄ tank (total investment of approximately VND 81 billion) was commenced. This facility will increase raw material storage capacity for NPK and DAP production, ensuring consistent output quality.

In a volatile global market, securing raw materials remains a decisive factor in enhancing adaptability and maintaining production stability. Furthermore, PVFCCo is implementing operational optimization solutions to reduce costs and emissions, such as utilizing Biomass steam and CO₂ recovery, moving toward a green production model and sustainable development.

In the long term, the Corporation aims to be more than just a fertilizer supplier; it is building a sustainable agricultural service ecosystem—ranging from cultivation consultancy and soil improvement to efficient resource utilization and climate change adaptation. Initiatives like carbon sequestration through reforestation, clean energy development, and green chemical production are being deployed, creating a launchpad for a new growth cycle.

From a 23-Year Legacy to New Growth Momentum

After 23 years of evolution, PVFCCo – Phú Mỹ has successfully transitioned from a nitrogenous fertilizer plant into a premier fertilizer and chemical powerhouse with an ever-expanding product and market ecosystem.

As the world shifts toward green and sustainable practices, the strategy of product diversification, value chain integration, and international expansion will remain the primary drivers, ensuring that PVFCCo maintains its growth momentum and elevates its position in the years to come.