PetroVietnam Fertilizer and Chemical Corporation (PVFCCo)- a subsidiary of PetroVietnam, was established on March 28, 2003, to be in charge of taking over, running Phu My Fertilizer Plant and trading in fertilizers & petrochemicals.
After 20 years of establishment and development, PVFCCo has achieved many proud achievements. Total assets increased more than 2 times, from 6.5 trillion dongs (2004) to 13.9 trillion dongs (2021), and equity increased nearly 3 times, from 2.9 trillion dongs (2004) to 10,5 trillion dongs (2021), although the Corporation continuously paid dividends to shareholders in cash at a high level. The accumulated profit after tax from 2004 to 2021 reached nearly VND 25.7 trillion, contributing nearly VND 6 trillion to the State budget. PVFCCo has built a nationwide distribution system, the brand covers the entire market and is trusted by our farmers. The Phu My fertilizer product set (Phu My Fertilizer, Phu My NPK, Phu My Potassium …) is gradually improving, not only dominating the domestic market but also making an impression on the international market. Chemical products have strong growth, helping the Corporation to have balanced development in both fertilizer and chemical fields.
To maintain the achievements achieved in the past two decades, as well as ensure stable and sustainable development in the long term, the Corporation has been actively preparing for the new phase; with a new mindset, vision, development strategy, new core values, and efforts to recreate PVFCCo's culture. According to the development strategy orientation of the Corporation in the new period approved by the General Meeting of Shareholders, the Corporation will develop into a world-class enterprise in the field of agriculture and chemicals. carrying out the mission of creating quality products and services to add value and sustainable benefits to customers, partners, shareholders, and employees. The Corporation will also re-create PVFCCo Culture to match the new core values of Pioneering, Creative, Professionalism, Efficiency, and Sharing.
PVFCCo had set an overall goal from now until 2035 to maintain its position as the No. 1 fertilizer producer in Vietnam and expand into the field of production and trading of basic chemicals and petrochemical chemicals with the aim of PVFCCo's positioning goal is a pioneering chemical and green energy producer in Vietnam, and at the same time provides specific goals for each stage along with solutions and roadmap for investment, governance, organizational structure, production and business, human resources, science and technology, digital transformation ….to gradually amplify this strategy and goal.
With the same orientation and goals as the aspirations, beliefs, and efforts of the leaders and employees, PVFCCo believes that it will develop sustainably, and meet the trust of investors, and customers, especially the Vietnam Oil and Gas Group./.
