On November 13, in Ho Chi Minh City, PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo - Phu My) held its 10-Month 2026 Review Conference on Party Work and Production & Business Operations, and Task Deployment for the Final Two Months of the Year. The conference focused on evaluating performance results, identifying existing challenges, and aligning on solutions for the year-end sprint.

Attending the conference were Mr. Nguyen Xuan Hoa, Secretary of the Party Committee and Chairman of the Board of Directors; Mr. Phan Cong Thanh, Deputy Secretary of the Party Committee, Member of the Board of Directors, and General Director; along with members of the Party Executive Committee, Board of Directors, Board of Management, Supervisory Board, representatives of mass organizations, and leaders of divisions, offices, and member units across the Corporation.

Promoting the Party’s Leadership Role in Task Execution

Presenting the Party work report, Mr. Tong Xuan Phong, Member of the Standing Committee of the Party Committee and Chairman of the Trade Union of PVFCCo - Phu My, highlighted key accomplishments in Party building, political task leadership, and core priorities for the remainder of the year.

Over the first 10 months of 2026, the Corporation’s Party Committee closely followed resolutions, work programs, and action plans, focusing on leading production and business execution alongside building a clean, strong Party organization. Political and ideological education, the quality of Party committee and cell meetings, inspection and supervision, and the prevention of corruption, waste, and negative practices continued to be prioritized, while the role of mass organizations was actively promoted.

A key milestone was the transfer of the Corporation’s Party Organization to operate under the Sai Gon Ward Party Committee. Alongside organizational restructuring, the Party Committee accelerated operational innovation and digital technology adoption to ensure seamless leadership and direction.

Mr. Tong Xuan Phong, Member of the Standing Committee of the Party Committee and Chairman of the Trade Union of PVFCCo - Phu My, presents the Party work report at the conference.

As of October 31, the PVFCCo - Phu My Party Organization comprised 10 subordinate grassroots Party organizations with 598 Party members. During the 10-month period, the Party Organization admitted 14 new members, sent 37 outstanding individuals to Party awareness training courses, and completed the review and 100% digitization of Party member records.

In parallel, the Corporation continued to safeguard employment, fully implement welfare policies for employees, and carry out social security programs with a total disbursement of approximately VND 62.9 billion. Initiatives in science and technology, innovation, digital transformation, and corporate culture building were also accelerated, strengthening governance capacity and competitiveness.

Stable Production and Business Operations with Multiple Targets Exceeded

Amid fluctuations in the fertilizer, chemical, and energy markets as well as intensifying competitive pressure, PVFCCo - Phu My proactively managed production, closely tracked market developments, maintained commercial flexibility, and implemented cost-control measures to enhance operational efficiency.

On the production front, the Phu My Fertilizer Plant maintained safe and stable operations. Converted Phu My Urea output reached nearly 782,000 tons, equivalent to 106% of the 10-month plan; Phu My NPK output exceeded 164,000 tons, reaching 106% of the plan; and UFC85 chemical output surpassed 10,300 tons, achieving 125% of the 10-month plan and exceeding the full-year target.

In commercial operations, fertilizer sales volume exceeded 1.31 million tons, representing 121% of the 10-month plan, while chemical sales reached over 111,000 tons, or 105% of the plan. Notably, Phu My Urea exports reached approximately 165,000 tons, surpassing the full-year target by 65%, helping expand market reach and elevate brand reputation.

Mr. Tran Tuan Kiet presents the implementation progress of key projects and upcoming execution plans.

Alongside these positive results, the conference acknowledged challenges stemming from rising input gas costs and downward trends in fertilizer selling prices compared to early in the year. Investment activities—particularly accelerating capital disbursement and project progress—were identified as top priorities for the final two months of the year to lay the groundwork for long-term growth.

At the conference, representatives of member units and delegates engaged in focused discussions on challenges and bottlenecks in production, business, governance, and investment, while proposing practical solutions to achieve the highest possible results for the 2026 targets and tasks.

Mr. Vo Ngoc Phuong, Deputy General Director of PVFCCo - Phu My, delivers remarks at the conference.

Notably, thematic presentations delved into two areas of practical significance for corporate governance: balancing and arranging capital sources for investment projects during the 2026–2030 period, and strengthening legal compliance across corporate operations. Discussions emphasized proactive cash flow management to ensure financial safety, alongside enhancing internal control systems, identifying and preventing risks, and embedding compliance into daily management and executive routines.

Also at the conference, PVFCCo - Phu My announced and presented personnel decisions to further streamline its organizational structure and meet governance and development requirements in the new phase.

Mr. Nguyen Xuan Hoa and Mr. Phan Cong Thanh present appointment decisions to Mr. Tran Thanh Trung and Ms. Huynh Thi Thao Nguyen.

In his concluding remarks, Mr. Nguyen Xuan Hoa, Secretary of the Party Committee and Chairman of the Board of Directors, recognized and commended the efforts of Party committees, unit leaders, mass organizations, and all employees. He emphasized that despite numerous headwinds and changes in the Party organizational model, the Corporation maintained strong unity and achieved encouraging results in both Party building and business performance. Over the final two months of the year, units must continue ensuring safe and stable production, strive to surpass the revenue target of VND 19,000 billion, and accelerate investment capital disbursement in line with PETROVIETNAM’s directives.

In particular, he instructed that compliance be cultivated into a self-driven mindset and an automatic reflex in every task—going beyond mere adherence to regulations to proactively identifying and preventing risks, while elevating accountability across every management tier and individual employee. This must be paired with stronger financial governance, optimization of cash flow and receivables, and resource preparation for investment projects in the coming years.

Mr. Nguyen Xuan Hoa, Secretary of the Party Committee and Chairman of the Board of Directors of PVFCCo - Phu My, delivers concluding remarks at the conference.

He further directed a comprehensive review of internal regulations and rules against practical governance realities to promptly amend outdated provisions or those no longer suited to operational needs. Personnel work must be executed flexibly and decisively, with appropriate appointments and rotations to maximize individual capabilities and strengths. At the same time, units must urgently finalize the 2027 production and business plan, effectively implement Party administrative procedures in the digital environment, conduct substantive and objective year-end performance evaluations, and prioritize employee welfare, especially ahead of the upcoming Lunar New Year.

In the spirit of “One Team – One Goal,” Mr. Nguyen Xuan Hoa called on all officials, Party members, and employees to continue upholding unity, discipline, responsibility, and innovation, determined to fulfill all 2026 tasks and build a solid springboard for 2027 and the next phase of development.

Highlights from the Conference:

Representative of the Legal and Compliance Division presents a thematic report on legal compliance.

Representative of the Finance and Accounting Division presents the capital balancing and arrangement plan for the Corporation’s investment projects through 2030.

Representative of the Southwest Regional Company speaks at the conference.

Representative of the Central Regional Company speaks at the conference.

Representative of the Southeast Regional Company speaks at the conference.

Representative of the Northern Regional Company speaks at the conference.

Party members and employees of PVFCCo - Phu My continue to uphold unity, discipline, responsibility, and a spirit of innovation and creativity.