Large-scale cultivation of food crops, industrial crops, fruit trees, and flower crops.
CHAPTER
01
About PVFCCo
GENERAL INFORMATION
GENERAL INFORMATION
- Transaction name PetroVietnam Fertilizer and Chemicals Corporation
- Abbreviation PVFCCo
- Address of headquarters No. 43 Mac Dinh Chi, Saigon Ward, Ho Chi Minh City, Vietnam
- Address of headquarters (028) 382 562 58
- FAX (028) 382 562 69
- Website https://dpm.vn
- Enterprise registration certificate No. 0303165480
- Charter capital as of December 31, 2024 3,914 billion VND
- Listing code DPM
VISION
Elevate PVFCCo to a world-class enterprise, setting new benchmarks of excellence by harnessing its strengths in fertilizers and chemicals to build a sustainable value chain for the future.
MISSION
Creating high quality products and services to improve benefits and profits for consumers, partners, shareholders and employees.
CORE
VALUES
Innovation
PVFCCo actively cultivates a spirit of creativity to drive continuous innovation across all areas of operation. By embracing breakthrough thinking, the Corporation strives to develop distinctive products and deliver high added value to the market. Every individual within PVFCCo is encouraged to propose and implement innovative ideas and solutions, take the lead in applying new technologies and continuously learn and improve - to enhance the Corporation’s competitiveness and reinforce its position in the marketplace.
Professionalism
PVFCCo’s workforce consistently ensure quality by strictly adhering to processes developed in accordance with leading international standards. With professionalism, dedication and a strong sense of responsibility, our employees help PVFCCo deliver optimal value to customers and partners. This commitment has enabled the Phu My brand to gradually lead the market and stand out among industry peers.
Efficiency
Efficiency is a top priority in PVFCCo’s operation, encompassing production and business processes, human resource management, supply chain development, research and development of new products, etc. All activities are carried out in alignment with international standards, with the goal of maximizing output value for stakeholders.
Sharing
PVFCCo upholds a spirit of companionship and empathy toward disadvantaged groups in society. The Corporation regularly organizes corporate social responsibility programs to spread prosperity within the community, contributing to the development of a prosperous and beautiful nation and improving the overall quality of life.
Sustainability
Sustainability is a fundamental requirement for longterm development. PVFCCo fully understands this and is committed to ensuring that its production and business activities do not harm the environment or ecosystem. We maintain community development and social security programs. At the same time, we actively practice effective farming methods. Our goal is to help build a resilient and sustainable national agriculture.
BUSINESS NETWORK AND OPERATING SCALES
Designed Capacity Phu My Fertilizer Plant
0
tons of urea/day
0
tons of NH3/year
0
tons of NPK/year
0
tons of UFC85/year
Chemical Business Branch with an annual capacity of
0
tons of oil and gas additives
PVFCCo’s core production activities are carried out by the Phu My Fertilizer Plant, located in Phu My 1 Industrial Zone, Phu My Ward, Ho Chi Minh City, Vietnam. The plant has been in operation since 2004, with a designed capacity of 2,385 tons of urea per day, and 540,000 tons of ammonia (NH3) per year, 250,000 tons of NPK per year, 15,000 tons of UFC85 per year. In addition, the Chemical Business Branch operates a chemical blending facility with an annual capacity of 4,000 tons of oil and gas additives. PVFCCo’s product portfolio and corresponding business markets include:
- Fertilizer products These are continuously improved in quality and diversified in types to meet the needs of both agricultural and industrial crop cultivation across Vietnam. PVFCCo also exports to several international markets, including India, Korea and countries in the Southeast Asia.
- Chemical products These are currently being traded mainly in the Southern market. Customers are typically involved in the oil and gas value chain or specific industrial sector. These product lines are also being researched and developed to become strategic pillars supporting PVFCCo’s long-term sustainable growth.
To maintain its position as an industry leader, PVFCCo continues to expand its nationwide business network. The distribution system stretches from North to South. As of now, PVFCCo operates a multi-tiered network of agents across all provinces and cities, with a strong presence in areas with high demand for fertilizers and chemicals. This helps ensure reasonable pricing for end-users, increases customer value, and delivers a better experience:
0
BRANCH
chemical trading in Ho Chi Minh City
0
DISTRIBUTORS
exclusive regional
(North - Central - Southeast - Southwest)
0
LEVEL 1 AGENTS
0
LEVEL 2 AGENTS
0
TRANSSHIPMENT WAREHOUSES
with a capacity of
0
tons
-
Phu My NPK Plant
-
Phu My Fertilizer Plant
-
Phu My NPK Plant
ORGANIZATIONAL STRUCTURE
PVFCCo builds and operates its business activities based on an organizational structure that includes a Board of Supervisors. This model complies with current regulations under Law on Enterprise No. 59/2020/ QH14, along with related decrees, circulars, and guiding documents. In addition to its dependent units, PVFCCo owns 4 subsidiaries responsible for business operations across different regions of Vietnam. The Corporation also holds investment in 5 affiliated companies operating in various industries and sectors.
To improve management efficiency as well as meet the demands of innovation and long-term sustainable development, PVFCCo is restructuring and refining its governance system. The functions and responsibilities of each department and division being clearly and fully updated. The Board of Directors and the Board of Managements – which includes the General Director and Deputy General Directors - are maintained stability in both quantity and quality. All members are highly experienced professionals with deep expertise in fertilizers, chemicals, and oil and gas industry.
Detailed information about subsidiaries and affiliated is presented on page 25 of the 2024 Annual Report. Basic information about members of the Board of Directors and Board of Managements can be also found on pages 60-61 (Board of Directors), 44-45 (Board of Managements)3.
3 Please access the following link for more information: https://dpm.vn/en/bao-cao-thuong-nien/annual-report-2024---pdfdigital-version-1235
OUR PRODUCTS
|
PRODUCT
|
USAGE
|
|---|---|
Phu My Fertilizer |
Large-scale cultivation of food crops, industrial crops, fruit trees, and flower crops. |
SA Phu My |
|
DAP Phu My |
|
Phu My Potash |
|
Phu My NPK |
|
Phu My Garden (NPK) |
Small-scale cultivation (family scale) of fruit trees, leafy vegetables, cash crops, flowers, and ornamental plants. |
Phu My Fertilizer
-
USAGE
SA Phu My
-
USAGE
Large-scale cultivation of food crops, industrial crops, fruit trees, and flower crops.
DAP Phu My
-
USAGE
Large-scale cultivation of food crops, industrial crops, fruit trees, and flower crops.
Phu My Potash
-
USAGE
Large-scale cultivation of food crops, industrial crops, fruit trees, and flower crops.
Phu My NPK
-
USAGE
Large-scale cultivation of food crops, industrial crops, fruit trees, and flower crops.
Phu My Garden (NPK)
-
USAGE
Small-scale cultivation (family scale) of fruit trees, leafy vegetables, cash crops, flowers, and ornamental plants.
|
PRODUCT
|
USAGE
|
|---|---|
Biological fertilizer (Sumagrow inside) |
Large-scale cultivation of food crops, industrial crops, fruit trees, and flower crops. |
Organic Phu My (Organic 60) |
Biological fertilizer (Sumagrow inside)
-
USAGE
Large-scale cultivation of food crops, industrial crops, fruit trees, and flower crops.
Organic Phu My (Organic 60)
-
USAGE
Large-scale cultivation of food crops, industrial crops, fruit trees, and flower crops.
|
PRODUCT
|
USAGE
|
|---|---|
Urea materials |
Used as input materials for industrial production, wood processing, glue. |
UFC 85 |
Used as an anti-caking additive in the production of nitrogen fertilizers to increase the hardness of urea granules. Used as wood glue, preservative in medical and food fields, etc. |
NH3 |
Used as input material for urea/ NPK production or other industrial production sectors. |
CO2 (pure) |
Used as input material for urea production. Used as pure input material for beverage production, industry (metal cutting and welding, freezing), food, medicine, etc. |
Urea materials
-
USAGE
Used as input materials for industrial production, wood processing, glue.
UFC 85
-
USAGE
Used as an anti-caking additive in the production of nitrogen fertilizers to increase the hardness of urea granules.
Used as wood glue, preservative in medical and food fields, etc.
NH3
-
USAGE
Used as input material for urea/ NPK production or other industrial production sectors.
CO2 (pure)
-
USAGE
Used as input material for urea production.
Used as pure input material for beverage production, industry (metal cutting and welding, freezing), food, medicine, etc.
|
PRODUCT
|
USAGE
|
|---|---|
DEF Phu My Green |
Used to treat exhaust gases from diesel engines to reduce NOx emissions into the environment. |
Petroleum chemicals |
Used as input material in oil and gas exploitation at drilling rigs. |
DEF Phu My Green
-
USAGE
Used to treat exhaust gases from diesel engines to reduce NOx emissions into the environment.
Petroleum chemicals
-
USAGE
Used as input material in oil and gas exploitation at drilling rigs.
STRATEGIC BUSINESS DEVELOPMENT ORIENTATION FOR MEDIUM AND LONG TERM
The Corporation aims to operate and invest projects at full capacity to achieve high economic efficiency. It will apply modern technologies and maintain product quality that meets international standards. This will help elevate the Phu My brand to a leading position in the fertilizer and chemical production industry across the region.
STRATEGIC
OVERVIEW
PVFCCo aims to maintain No.1 position in the Vietnam’s fertilizer production market. At the same time, the Corporation is gradually expanding its production and business activities in basic chemicals and petrochemicals. The goal is to become a pioneering enterprise contributing to the development of a green economy in Vietnam.
MEDIUM
From 2025 to 2030, PVFCCo plans to invest in expanding its production scale in both fertilizers and chemicals sectors. This expansion will be based on optimizing existing infrastructure and resources. It will be integrated with the current Phu My Fertilizer Plant and PVN’s petrochemical refining projects. PVFCCo also aims to increase business output through new investments. These may include joint ventures, associates, or mergers and acquisitions (M&A). In addition to diversifying urea-based fertilizer products to enhance competitiveness and offer comprehensive solutions for agriculture, PVFCCo is also developing organic fertilizer products. These efforts support sustainable farming practices that are environmentally and ecologically friendly.
LONG-TERM
Looking ahead, PVFCCo’s business plan for 2031-2035 with a vision toward 2050, sets ambitious goals. The Corporation aims to operate and invest projects at full capacity to achieve high economic efficiency. It will apply modern technologies and maintain product quality that meets international standards. This will help elevate the Phu My brand to a leading position in the fertilizer and chemical production industry across the region.
In terms of business structure, PVFCCo plans to strengthen its production and trading activities in chemical and petrochemical products. These segments are expected to generate significant revenue and profit compared to the traditional fertilizer sector. This strategic shift in business structure and products diversification will serve as a solid foundation for PVFCCo’s sustainable development strategy. It will also support the Corporation’s efforts to build green agriculture, promote the circular economy, and achieve the Net Zero target by 2050.
OUR SUSTAINABILITY JOURNEY
OUR BRAND STORY
The year 2004 marked the beginning of PVFCCo’s journey to serve Vietnamese farmers. That was when the first bags of Phu My Fertilizer were introduced to the market, laying the foundation for the Corporation’s contribution to the development of Vietnam’s agricultural sector. Over the past two decades, PVFCCo has achieved many meaningful and proud milestones. Its brand left a lasting in the hearts of farmers across the country. PVFCCo has become a symbol of steadfast partnership, gradually achieving remarkable success. Throughout this journey, the PVFCCo brand has consistently been associated with the title of High-quality Vietnamese Products and National Brand.
OUR HISTORY
- Started the construction of Phu My Fertilizer Plant from 2001 and began supplying products in mid-2004.
- Converted into a Joint Stock Company, listed DPM shares on the Ho Chi Minh City Stock Exchange (HoSE).
- Awarded the Third-Class Labor Medal to Phu My Fertilizer Plant.
- Recognized as one of Vietnam’s golden stocks.
- Awarded the Second-Class Labor Medal (PVFCCo and Phu My Fertilizer Plant).
- Launched a scholarship program (Dam Phu My Scholarship) to support and encourage university students in Vietnam.
- Inaugurated the CO2 recovery complex, helping reduce greenhouse gas emissions and environmental impact.
- Received the Vietnam Construction Quality Gold Cup for Phu My Fertilizer Plant project.
- Ranked among the Top 10 enterprises with strong social responsibility - Sao Vang Dat Viet (Golden Star of Vietnam).
- Named among the Top 10 Vietnamese brands - Golden Star of Vietnam.
- Voted as ASEAN Outstanding Enterprise 2011.
- Received the Vietnam Golden Rice Flower Award in 2012.
- Continued recognition Top 10 Vietnamese brands - Golden Star of Vietnam.
- Ranked in the Top 10 Outstanding Enterprises in Social Responsibility – Golden Star of Vietnam.
- Listed among the Top 3 best listed companies in Vietnam by Forbes Vietnam Magazine.
- Included in the Top 50 best performing companies in Vietnam.
- Awarded the First-Class Labor Medal (PVFCCo and Phu My Fertilizer Plant).
- Won the title of “National Brand”.
- Received the National Brand title in 2015.
- Honored with the ASEAN Corporate Governance Award for the Top 3 listed companies with the highest corporate governance scores in Vietnam according to the ASEAN Corporate Governance Scorecard (ACGS) program.
- Launched an ESOP (Employee Stock Ownership Plan) program for employees.
- Achieved Top 50 Best Listed Companies voted by Forbes Vietnam Magazine for the 4th consecutive time (2013-2016).
- Achieved “Top 5 Listed Enterprises with the Best Investor Relations Activities” and “Top 5 Listed Enterprises with the Highest Ratings by Financial Institutions in Investor Relations Activities” voted by the community of investors and financial institutions through the Vietstock Securities Financial Information Portal with the coordination of the Vietnam Association of Financial Administrators (VAFE) fourth consecutive year (2013–2016) of sustained performance.
- Honored as Outstanding Enterprise for Employees for 3 consecutive years 2016-2018.
- Achieved Top 3 Listed Enterprises with Investor Relations activities most favored by investors in the mid-cap group in 2017 within the framework of the annual IR Awards organized by Vietstock, VAFE and Finance and Life Electronic Magazine.
- Achieved Top 5 Listed Enterprises with the Best Corporate Governance in the Large-Cap Group of the 2019 Listed Enterprises Award organized by Ho Chi Minh City Stock Exchange, Hanoi Stock Exchange, Investment Newspaper and the Voting Council.
- Achieved Top 3 Listed Enterprises with Investor Relations activities most favored by investors in the mid-cap group in 2019 within the framework of the annual IR Awards organized by Vietstock, VAFE and Finance and Life Electronic Magazine.
- Achieved Top 5 Listed Enterprises with the Best Corporate Governance in the Mid-Cap Group of the 2020 Listed Enterprises Poll organized by Ho Chi Minh City Stock Exchange.
- Awarded the title of Golden Brand of Ho Chi Minh City.
- Achieved Top 50 Best Listed Companies voted by Forbes Vietnam Magazine (6th time).
- Achieved Top 50 prestigious and effective public companies (VIX50) evaluated by Vietnam Report Joint Stock Company.
- Achieved Top 50 Sustainable Development Enterprises in Vietnam evaluated by the Vietnam Business Review and the Appraisal Council consisting senior leaders from financial institutions such as HSBC, Deloitte, PwC, VinaCapital…
- Achieved Top 50 Best Listed Companies voted by Forbes Vietnam Magazine (7th time).
- Achieved the title of High-Quality Vietnamese Products for the 21st consecutive year (2004-2024).
- Achieved Top 40 most valuable brands in Vietnam for the 9th consecutive year (2016-2024).
- Honored as a Sustainable Development Enterprise for the Community for the 4th consecutive year (2021-2024)
- Phu My Fertilizer and Phu My NPK continue to be recognized as National Brand.
- Launching the new brand identity and corporate slogan “Sharing prosperity” demonstrates PVFCCo’s determination towards sustainable development goals.
OUR CULTURE
PVFCCo’s corporate culture is deeply rooted in the “Flame Seeker” spirit of PVN. It has been built and developed over time through a strong commitment to continuous learning, innovation and openness to advanced technology. These efforts aim to contribute to Vietnam’s economic growth and sustainable development. At every stage of its journey, PVFCCo has inherited the “Oil and Gas Culture” while shaping its own distinct identity. This identity is a blend of resilience, pioneering spirit, and modern thinking, harmonized with the cultural values of Vietnam’s agriculture and rural communities, as well as other external social influences. Generations of PVFCCo’s employees have worked together to nurture and preserve the value system of “Phu My Culture”, forming distinctive characteristics associated with the image of “Phu My people”:
Always ready to go first, act proactively, and think boldly. Embodies the spirit of “dare to think - dare to act - dare to take responsibility”.
Driven by a mindset of continuous innovation, actively promotes and new ideas and initiatives across production and business activities.
Demonstrates high standard conduct, strong expertise, adherence to procedures, and a disciplined, efficient work ethic.
Focus on clear, measurable outcomes that deliver real value to stakeholders.
Embraces solidarity, compassion and responsibility. Support colleagues, partners, and actively contribute to community programs.
OUR CORE BUSINESS
As a producer and supplier of fertilizers and chemicals for both agriculture and industrial sectors, PVFCCo places high priority on identifying, assessing and managing the environmental and social impacts of its operations. In response to growing challenges from climate change and social issues, the Corporation continues to improve its impact assessment system and proactively manages ESG-related risks. These efforts support Vietnam’s green growth strategy and contribute to the achievement of the United Nations Sustainable Development Goals (SDGs).
PVFCCo’s operations focus on two main areas: (i) production and trading of fertilizer products, and (ii) production and trading of chemical products. Each area creates its own value and simultaneously impacts environmental, social and economic factors in different aspects:
Economy
Environment
Social
OUR VALUE CHAIN
PVFCCo’s business model uses key input resources to create values and contribute to the economy, environment and society, contributing to promoting progress towards achieving the United Nations Sustainable Development Goals.
From a sustainable development perspective, PVFCCo recognizes that understanding and effectively managing its own production and business activities is only part of responsibility. Beyond direct impacts on the economy - environment - society, the Corporation must also evaluate and manage the spillover effects across the entire value chain. Therefore, in coordination with its Parent Group (PVN), PVFCCo always cares about researching and implementing solutions to maximize economic performance, minimize environmental impacts as well as encourage positive contributions for social community through our value chain.
We use
- Market information
- Financial resources
- Technology
- Infrastructures
- Human resources
- Energy and water
- Natural resources
- Stakeholder partnerships
- Supply chain
- Corporate governance system
Research and development of products
Product Manufacturing
Transportation and distribution
Marketing and sales
Technical support during product usage
We ensure
- Contribution to sustainable economic value (revenue and profit)
- Contribution to the state budget
- Social responsibility and local community development
- Economic value for end users
- Preservation of soil quality and the natural environment
- Responsibility toward employees
- Contribution to human resource development and technological innovation
Value Chain of the Fertilizer and Chemical Industry
Exploration and Extraction of Natural Resources
Enterprises carry out mining and processing activities to supply input materials for fertilizer and chemical production— such as natural gas, minerals—and energy to operate machinery and equipment.
Production and Processing of Products and Energy
PVFCCo conducts research, development, and production of fertilizer and chemical product lines tailored to market demand and business development strategies for each period.
Marketing and Business of Products
PVFCCo carries out marketing, communication, and product sales activities through a nationwide distribution agent system.
Distribution and Consumption of Products
Fertilizer and chemical products (commercial goods) are distributed to end users for direct use.
Products in raw material form are consumed by other enterprises.
Connecting the Value Chain of Other Industries
Products continue to create value within the operational chains of other industries such as agriculture, healthcare, construction, and manufacturing.
INDUSTRY ASSOCIATIONS
Participating in domestic and international professional associations is an important part of PVFCCo’s approach to sustainable development. By actively joining many reputable organizations both in Vietnam and globally, PVFCCo not only expands its professional network and shares knowledge and experiences, but also contributes proactively to shaping policies, guiding technology development, and promoting transparent, safe, and sustainable growth in the fertilizer and chemical industries.
