PVFCCo has made positive progress, achieving impressive results in 2024.

In 2024, PetroVietnam Fertilizer and Chemical Corporation (PVFCCo, Phu My) was evaluated for making significant positive changes in terms of spirit, personnel, achieving impressive results in production and business output, and contributing positively to the overall success of the Group.

On January 14, 2025, at the Phu My Fertilizer Plant Conference Hall, PVFCCo organized its 2024 Year-End Review Meeting, implemented tasks for 2025, and held the 2025 Worker Representative Conference.

Overview of the Conference

Attending the conference, from PetroVietnam were Mr. Tran Quang Dung – Permanent Deputy Secretary of the Party Committee of the Group; Mr. Le Xuan Huyen – Member of the Standing Committee of the Party Committee, Deputy General Director of the Group; and Mr. Vu Anh Tuan – Vice President of the Vietnam Oil and Gas Union.

From PVFCCo, there were Mr. Nguyen Xuan Hoa, Secretary of the Party Committee, Chairman of the Board of Directors; Mr. Phan Cong Thanh, Deputy Secretary of the Party Committee, General Director; Mr. Tong Xuan Phong - Member of the Standing Committee, President of the Corporation's Trade Union, along with members of the Party Committee, Board of Directors, General Management Board, Supervisory Board, Trade Union, Veterans Association, Youth Union; and leaders of various departments and affiliated units of PVFCCo, along with nearly 150 delegates representing employees of PVFCCo.

Mr. Le Xuan Huyen - Member of the Standing Committee of the Party Committee, Deputy General Director of the Group, gave a speech at the Conference.

Regarding the 2024 Party work results and tasks for 2025, Mrs. Tran Thi Phuong Thao – Deputy Secretary of the Party Committee and Deputy General Director of PVFCCo stated that 2024 was an extremely challenging year. From the very beginning of the year, the Party Committee and the leadership of PVFCCo identified and issued many important documents to guide and implement the tasks effectively.

Party work was always prioritized and implemented comprehensively, continuously innovating. The Party Committees closely oversaw and led all aspects of work, enhancing the Party's leadership role: ideological work, traditional education, revitalizing PVFCCo's culture, rebuilding trust, and creating a positive internal and external impact through rich and practical information dissemination.

In terms of production and business, PVFCCo focused its efforts to operate the plant safely and steadily, carrying out comprehensive plant maintenance and enhancing the team’s operational and maintenance skills. PVFCCo also made significant progress in improving production quality and reducing costs.

PVFCCo's business model and sales policies were updated to adapt to market trends, leading to notable achievements despite significant challenges, including tough competition and imported goods. The total estimated revenue of PVFCCo in 2024 was 13,865 billion VND, reaching 109% of the target.

In 2025, PVFCCo outlined its plans, goals, and strategies, focusing on maintaining plant stability, ensuring good maintenance practices, and adapting to market fluctuations. They also plan to continue strengthening international business and exploring new markets.

During the 2025 Worker Representative Conference, the company discussed improving employee benefits, addressing workplace concerns, and maintaining high standards of worker welfare, reflecting the company’s commitment to its workforce.

Overall, PVFCCo received praise for its significant achievements in production, revenue, and national budget contributions, contributing to the Group’s success in 2024, which set a revenue record of over one trillion VND.

The conference emphasized PVFCCo’s growth targets for 2025, especially in advancing science and technology and digital transformation. The company also discussed plans for investments and expanding its chemical sector.