2023 marks the 20-year milestone on the journey to the future of PetroVietnam Fertilizer and Chemicals Corporation. On that journey, PVFCCo has constantly strived and grown every day to achieve the stature and position it has today.
Over the past 20 years, PVFCCo has produced and supplied the country with more than 20 million tons of fertilizers and chemicals, contributing to ensuring food security, agricultural security, and creating a foundation for the economy in the most difficult periods. With an initial investment capital of less than 4 trillion VND, effective production and business activities have brought in a total revenue of nearly 160 trillion VND, a profit of more than 35.6 trillion VND, contributing more than 8 trillion VND to the state budget, and is considered one of the most effective investment projects not only in the state-owned enterprise sector.
It is also the successful construction of the Phu My Fertilizer brand and now the Phu My Fertilizer product line that is always loved by farmers, worthy of being one of the most valuable brands in Vietnam.
Regarding governance, PVFCCo constantly improves and perfects its governance model towards modernity, transparency, approaching international governance standards, and is considered one of the listed enterprises with the best governance in Vietnam.
In addition to its main task of production and business, PVFCCo is also a leading enterprise in implementing social responsibility to the country, people, and workers. PVFCCo
has spent nearly 1,200 billion VND on social security work, with hundreds of thousands of relief gifts, supporting families in difficult circumstances or affected by natural disasters, hundreds of medical, cultural, educational, and transportation projects; tens of thousands of charity houses across the country, accompanying the Government and people in the fight against the Covid-19 pandemic... At PVFCCo, employees are always guaranteed the best conditions for work, rest, training, welfare... Those achievements are the result of the continuous efforts and dedication of the Corporation's staff through the periods.
The road ahead for PVFCCo is still very long with countless challenges and many opportunities. PVFCCo clearly identifies the trends of the current era such as digital transformation, energy transformation, green economy, circular economy... To survive and develop sustainably in that context, PVFCCo is updating its development strategy to 2030, with a vision to 2035, with a development orientation according to 3 main axes: Fertilizer products; Chain of products/services related to fertilizer/agriculture; and Chemicals, petrochemicals.
PVFCCo is implementing restructuring, digital transformation, and comprehensively changing the model and operation methods of each department and the entire Corporation. PVFCCo has also established an Applied Research Center to research new products and apply new technologies to production, business, and corporate governance. The business world is like a battlefield, only those with the most courage and the fastest ability to adapt can survive according to the law of "the survival of the fittest" of nature. With its capacity and will, PVFCCo believes that it will continue to firmly step forward on its journey to the future.
On the occasion of PVFCCo's 20th anniversary, the Corporation respectfully publishes the book "PVFCCo Yearbook - 20-year Journey for a Bountiful Harvest" to review the milestones, stages, achievements, and most precious and memorable memories in the past two decades, as well as look forward to a future full of anticipation and hope. This is also a gift of gratitude to generations of leaders, employees of the Corporation, those who have been attached to the process of building and developing PVFCCo, contributing to having a PVFCCo like today.
Sincerely,
Tiếng Anh
