CORPORATION’S MESSAGE
Our strategy for 2026-2030, with a vision to 2050, will be updated regularly. We aim to align with the shift from the 4th to the 5th Industrial Revolution – an era that emphasizes creativity, human-technology (AI/Robot) connectivity, and social responsibility.
Dear valued shareholders and partners
Firstly, on behalf of all employees of Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo), the Management is honored to present our 2024 Sustainability Report. This year marks the first time the sustainability report is published as an independent report. It reflects our effort to provide a clearer and more complete picture of PVFCCo’s operations. We are undergoing a comprehensive transformation, aiming to become a globally recognized corporation. With a global mindset, we continue to build a sustainable value chain
We would like to take this opportunity to express our deep appreciation and sincere gratitude to our valued shareholders and partners for your trust and support throughout PVFCCo’s 20-year journey.
PVFCCo has grown steadily to become a leading company in Vietnam’s fertilizer and chemical industry. We are now expanding into international markets. In 2024, our management and employees came together to realign our development goals for the next phase, with clear commitment to ensure that our journey remains closely tied to sustainable development, shared social responsibility, and brought long-term prosperity to all stakeholders
As a member of Vietnam National Industry - Energy Group, PVFCCo has deeply committed to integrating environmental stewardship and community development with business growth. We have launched specific programs and action plans to support National Strategy on Green Growth and the 17 Sustainable Development Goals set forth by the United Nations.
PVFCCo will continue to overcome challenges, surpass its owns limits, and reach new milestones. Together, we will contribute to national efforts to achieve the United Nations Sustainable Development Goals.
In line with this commitment, 2024 marks a transformative year for PVFCCo. We are restructuring our organization and strengthening our resources in preparation for expanding into the chemical sector. Our goals are to become a pioneering producer of basic chemicals and green energy in Vietnam. Generations of leaders and employees have contributed to our achievements. These efforts form a strong foundation for our sustainable development strategy. We also commit to ensuring that all future achievements through our operations will be shared with shareholders and stakeholders. This 2024 Sustainability Report outlines our strategic direction as well as provides valuable data and insight across the three pillars of Economy – Social – Governance.
We will continue to review and update our strategic goals to adapt to the ever-changing global economic and political landscape. Climate change is becoming more severe. Hence, the shift to a low-carbon economy – alongside recent government regulations – are pushing PVFCCo to act faster. PVFCCo is accelerating its action plans to reduce greenhouse gas emissions, improve energy efficiency, and restructure its product portfolio to protect the environment and natural ecosystems. In the coming years, we will focus on research, production, and commercialization of eco-friendly fertilizers, develop chemicals products for emissions treatment, and expedite investment projects aligned with emissions reduction goals. We also focus on waste recovery and recycling, efficient water use, and biodiversity protection
We believe that sustainable financial results performance can only be achieved through collaboration and shared value. PVFCCo has committed to implementing policies that support economic, education and social welfare in rural areas, ensuring stable employment and income for local employees where our core operations are based. This reflects our core value of “Responsibility – Sharing”, which has been built and preserved by generations of PVFCCo employees and will continue to guide us forward. .
Our strategy for 2026-2030, with a vision to 2050, will be updated regularly. We aim to align with the shift from the 4th to the 5th Industrial Revolution – an era that emphasizes creativity, human-technology (AI/Robot) connectivity, and social responsibility. In recent years, PVFCCo has accelerated its digital transformation under the leadership of the Corporation’s leaders. Information technology platforms are being comprehensively applied to core business processes to enhance operational efficiency and minimize human errors. The establishment of the Digital Transformation and IT division in 2024 underscores the strategic importance of digitalization, which will continue to be a key area of investment. Digital transformation will serve as a critical part of our sustainable development strategy, enhancing our competitive edge and long-term value for shareholders and investors.
In 2025 and beyond, PVFCCo will continue to strengthen its sustainability governance framework and define strategic directions with measurable goals. These goals and KPIs will be supported by detailed tasks, implementation measures, and resource allocation. We will focus on enhancing our ESG risk management system to address key issues across economic, environmental, social and governance aspects. Transformation initiatives aimed at long-term value creation will be deeply embedded into our corporate strategy.
We believe that with resilience, innovation, and unity, PVFCCo will continue to overcome challenges, surpass its owns limits, and reach new milestones. Together, we will contribute to national efforts to achieve the United Nations Sustainable Development Goals
Once again, on behalf of PVFCCo, we extend our deepest appreciation to all shareholders and partners. Your continued support and companionship are a source of motivation and valuable assets on our journey to create sustainable value and shared prosperity
Wishing you continued success and happiness!
General Director
Phan Cong Thanh
Corporation’s message
Nguyen Xuan Hoa