PVFCCo – Phu My Accelerates Past Nine-Month Target, Solidifying Sustainable Development Trajectory

In the first nine months of 2025, PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo – Phu My) maintained impressive production and business efficiency. The Corporation proactively scaled strategic partnerships and definitively affirmed its pioneering position within the fertilizer and chemicals sector.

Despite global and domestic economic volatility, PVFCCo – Phu My successfully delivered on the majority of its key objectives and core assignments in Q1–Q3 2025. This success establishes a robust foundation to meet and exceed the annual business plan. Through proactive operational management and astute market forecasting, PVFCCo – Phu My's key production and business metrics have consistently achieved or surpassed established targets.

By the close of September 2025, the output of Phu My Urea is estimated to have exceeded 682,000 tons, achieving 103% of the nine-month target. Phu My NPK production surged to over 170,000 tons, corresponding to an impressive 138% of the plan. Furthermore, commercial NH₃ output reached over 43,000 tons, meeting 100% of the nine-month target.

In the commercial sphere, product consumption performance registered significant positive momentum. For the first nine months, Phu My Urea consumption is estimated at over 687,000 tons, reaching 111% of the plan. Phu My NPK consumption is near 158,000 tons, corresponding to 110% of the target. Commercial NH₃ consumption also exceeded expectations, reaching over 44,000 tons, or 107% of the nine-month plan.

Mr. Nguyen Xuan Hoa – Chairman of PVFCCo – Phu My’s Board of Directors – receives the title of Top 50 Best Listed Companies in Vietnam 2025.

The operational integrity of the Phu My Urea Plant remains secure, stable, and efficient. Chemical production facilities and lines are functioning seamlessly, and product quality is consistently maintained at a premium level. Notably, at the end of September, the Phu My NPK Plant achieved the significant milestone of 1 million tons of total output—a landmark achievement in the unit's developmental journey.

In parallel with core production and business activities, PVFCCo – Phu My vigorously implemented programs focused on innovation, digital transformation, and corporate restructuring. This strategic alignment adheres to the overarching direction set by the Vietnam National Oil and Gas Group (Petrovietnam). Furthermore, initiatives promoting creative labor, energy conservation, and reduced consumption norms have been deeply integrated across the organization.

During the first nine months, the Corporation consistently broadened its strategic collaboration portfolio with numerous partners both internal and external to Petrovietnam. This move successfully amplified value across the production and business chain, powerfully reinforcing our leadership status in the fertilizer and chemicals sector. Key agreements include strategic cooperation with Stavian Group in chemicals and plastic resins; with PetroVietnam Technical Services Corporation (PTSC) for comprehensive logistics services; with PetroVietnam Oil Corporation (PVOIL) for the development of the DEF/Phu My Xanh product line; with Sumagrow Vietnam Co., Ltd. for the distribution of bio-fertilizers; and with Binh Son Refining and Petrochemical Joint Stock Company (BSR) to enhance the refinery-petrochemical value chain.

Crucially, PVFCCo – Phu My and Nghi Son Refinery and Petrochemical LLC (NSRP) are actively evaluating and discussing strategic collaboration opportunities in the chemical sector. These discussions are centered on the potential for coordinated production and commercialization of strategic products, alongside expanding cooperation in plant maintenance services, training, and personnel exchange.

Notably, the market launch of the Phu My Organic product line successfully completes PVFCCo – Phu My’s “Golden Nutritional Trio”—comprising inorganic, organic, and biological fertilizers. This innovation underscores our commitment to a green, efficient, and environmentally sustainable agricultural model.

Beyond favorable production and business results, PVFCCo – Phu My garnered a succession of prestigious accolades. The most prominent achievements include the dual honor of being named one of the “Top 50 Best Listed Companies in Vietnam” and among the “Top 25 Leading Brands in the Manufacturing and Service Industry.”

Moving into Q4 2025, PVFCCo – Phu My will concentrate on several pivotal tasks: organizing the comprehensive overhaul (turnaround) of the Phu My Urea Plant; finalizing the 2026 production and business plan; and continuing to optimize the organizational structure for increased operational efficiency. The Corporation will also aggressively drive cost management, enhance energy conservation, strategically expand consumption markets, and develop new product lines in organic fertilizers and chemicals. Simultaneously, we will strengthen risk management, internal controls, and elevate corporate governance quality.

Built upon the robust platform established in the first nine months, coupled with collective unity and unwavering determination, PVFCCo – Phu My is relentlessly focused on comprehensively achieving the 2025 plan. This commitment further solidifies our indispensable role as a flagship entity in the Vietnamese fertilizer industry, making a substantive contribution to the development of Petrovietnam and the nation's agriculture.

Innovation movements at PVFCCo – Phu My deliver tangible value and proactively align the enterprise with technological trends and market imperatives.

Phu My fertilizer has become an essential companion for farmers across the country. PVFCCo – Phu My aggressively expanded strategic cooperation with numerous internal and external Petrovietnam partners during the first nine months.