INTRODUCTION
OF PVFCCo
FROM FERTILE STREAMS
the earth we cherish
GENERAL INFORMATION
OVERVIEW
- Transaction Name: PetroVietnam Fertilizer and Chemicals Corporation
- Business Registration Certificate: 0303165480
- Charter capital: VND 3,914,000,000,000 (The corporation plans to increase its charter capital to VND 6,800,000,000,000 in 2025)
- Owner’s Equity: VND 3,914,000,000,000
- Address 43 Mac Dinh Chi, Da Kao Ward, District 1, Ho Chi Minh City
- Tel: (+84.28) 3825 6258
- Fax: (+84.28) 3825 6269
- Website: www.dpm.vn
- Stock: DPM
Charter capital
3.914.000.000.000
(The corporation plans to increase its charter capital to VND 6,800,000,000,000 in 2025)
HISTORY AND GROWTH
28/03/2003
PetroVietnam Fertilizer and Chemicals Company, now called PetroVietnam Fertilizer and Chemicals Corporation JSC, was established under Decision No. 02/2003/QD-VPCP dated 28 March 2003 by the Minister and Chairman of the Government Office.
21/04/2007
On 21 April 2007, PVFCCo successfully issued 40% of its shares in an initial public offering on the Ho Chi Minh Stock Exchange (HoSE). The Ho Chi Minh City Department of Planning and Investment issued Business Registration Certificate No. 4103007696 on 31 August 2007, legally incorporating PetroVietnam Fertilizer and Chemicals Joint Stock Company.
05/11/2007
PVFCCo completed the documents and officially listed 380 million shares on the Ho Chi Minh City Stock Exchange (HoSE) on 05 November 2007. PVFCCo listed 11.4 million additional shares according to its Employee Stock Ownership Plan (ESOP) on 26 February 2016.
15/05/2008
On 15 May 2008, the Ho Chi Minh City Department of Planning and Investment granted the Amended Business Registration Certificate No. 4103007696 to PetroVietnam Fertilizer and Chemicals Corporation - The corporation operates under the parent-subsidiary model. The Corporation most recently amended its business registration for the 16th time on 16 February 2024, under Business Registration Certificate No. 0303165480.
GENERAL INFORMATION
2001
Started the construction of Phu My Fertilizer Plant
Building and Strengthening the foundation
2003
PetroVietnam Fertilizer and Chemicals Company was founded (predecessor of PetroVietnam Fertilizer and Chemicals Corporation - JSC)
2004
Phu My Fertilizer Plant was put into operation
2007
PVFCCo was transformed into a Joint Stock Company and listed DPM shares on HSX
2008
PVFCCo was turned into PetroVietnam Fertilizer and Chemicals Corporation - JSC
2010
Increasing the capacity of Phu My Fertilizer Plant from 740,000 to 800,000 tons per year
2011
PVFCCo Tower’s Head office was inaugurated at 43 Mac Dinh Chi, District 1, Ho Chi Minh City
2013
PVFCCo celebrated 10 years of its founding and received the First - Class Labor Order
Diversifying operation fields - Advancing Momentum
2014
Phu My Urea was recognized as the National Brand by the Government of Vietnam.
2015
Operating UFC85 Factory and Petrochemical Factory, commencing a complex to increase capacity of NH3 Factory and NPK Plant
2017
Phu My Fertilizer Plant reached the output of 10 million tons
2018
Putting into operation NH3 Expanded Complex (increasing capacity by 90,000 tons/year) and Phu My NPK Plant (capacity of 250,000 tons/year using chemical technology)
2022
The year witnessed unprecedented milestones for PVFCCo in production output, revenue, and profit.
2023
Phu My Fertilizer Plant reached the output of 15 million tons (on 10 October 2023).
2024
Introduced the new “PHUMY” brand identity; Phu My Urea and Phu My NPK remain recognized as National Brands.
BUSINESS LINES AND LOCATIONS
In 2024, PVFCCo officially launched its new corporate brand identity, “PHUMY”, along with a new core value and slogan: “Sharing Prosperity”. PVFCCo positions the “PHUMY” brand as a diversified enterprise with a global vision, specializing in fertilizers and chemicals, while maintaining its industry leadership in Vietnam and the region. In the fertilizer sector, Phu My Fertilizer delivers comprehensive, high-quality nutritional solutions for the sustainable growth and benefits of farmers and agriculture. In the chemical sector, Phu My Chemicals offers high-quality, internationally certified products, fostering community development and environmental sustainability.
Business lines
PVFCCo’s core business is the production and trading of fertilizer and chemicals. Currently, the key products are prilled urea, Phu My NPK, Phu My Potassium, Phu My Ammonium Sulfate, Phu My DAP, organic fertilizers targeted at the agriculture sector, liquid Ammonia and UFC85/Formaldehyde, CO2, chemicals used in oil and gas production.
Main locations
PVFCCo’s main production is at its affiliated unit, Phu My Fertilizer Plant, located in Phu My 1 Industrial Park, Phu My City, Ba Ria - Vung Tau Province. The distributors are situated in the agricultural heartland and industrial plants in Vietnam. They form a closely-knitted distribution network of subsidiaries and their regional headquarters are located in the North, Central and Highlands, Southeast and Southwest. In addition to the domestic market, the Corporation also exports fertilizer products to many countries, predominantly in Asia. The key customers and markets for chemicals are in the South, mainly in the oil & gas industry and industrial production sectors.
As an industry leader, PVFCCo annually manufactures and trades around 1.3 million tons of fertilizers and chemicals, meeting the needs both domestically and in international markets such as India, South Korea, and ASEAN, etc.
PVFCCo annually manufactures and trades around
0 million
tons of fertilizers and chemicals
Production capacity
- Year of operation 2004
- Capacity 800,000 tons of urea/year 540,000 tons of NH3/year
- Technology Haldor Topsoe (Denmark) - NH3 production; Snamprogetti (Italy) - Urea production
- Year of operation 2018
- Capacity 250,000 tons/year
- Technology Chemical technology of INCRO SA (Spain)
- Year of operatio 2015
- Capacity 15,000 tons/year
- Year of operatio 2015
- Capacity 4,000 tons/year
- Technology Technology and quality standards: Baker Hughes global
Business capacity
4
Exclusive regional distributors (North - Central - Southeast - Southwest)
63
Level 1 agents
4.407
Level 2 agents
97
Transshipment warehouses with a capacity of 250 thousand tons
1
Chemical trading branch in Ho Chi Minh City
08
Domestic commercial customers
40
International customers across Korea, Japan, Thailand, Australia, the Philippines, and other markets.
Thousands of outreach and farmer care programs.
Initially offering only Urea, PVFCCo has successfully expanded its Phu My Fertilizer product range to include Phu My Urea, Phu My NPK, Phu My Potassium, Phu My DAP, and Phu My Ammonium Sulfate, and more. In recent years, PVFCCo has introduced innovative products such as Phu My Urea + KeBo (2020), Phu My NPK + probiotics (2022), and the Phu My Garden product line for urban agriculture (2023).
ORIENTATION, MEDIUM AND LONG-TERM STRATEGIC OBJECTIVES
DEVELOPMENT GOALS BY 2035
Overall objectives
To consolidate its position as Vietnam’s leading fertilizer manufacturer while expanding its footprint in the manufacture and trade of other chemicals and petrochemical products, elevating PVFCCo to the leading chemical, green energy company in Vietnam.
Staged objectives
2025-2030 period
Expand production scale for both fertilizers and chemicals through investment, by maximizing the use of PVFCCo’s infrastructure and resources, including the existing Phu My Fertilizer Plant and Vietnam Oil and Gas Group’s Petrochemical projects.
2031-2035 period
Operate efficiently and maximize the returns from projects, become a globally recognized leader in the domestic fertilizers and chemicals industry.
VISION TOWARDS 2050
PVFCCo will have become a leading fertilizer and chemical manufacturer, not just in Vietnam but also in the region.
PVFCCo will have caught up with international standards and good practices concerning the application of modern production technology, will meet high standards for both product quality and environmental protection; is a proven adopter of global standards in corporate governance and customer service and will have successfully implemented its digital transformation for more effective management and enhanced customer experience.
PVFCCo will have firmly established in the international market itself as a reputable brand, who is deeply involved in the product chain for green and clean agriculture, meets the criteria for sustainable development, actively participates in environmental protection and efforts to adapt to climate change; contributes to the development of modern agricultural production.
PVFCCo committed to employee well-being, community benefits, and strict adherence to ESG principles.
SPECIFIC OBJECTIVES
Fertilizer industry
- Develop new urea-based products that standing out in the market and increase the competitiveness of the brand.
- PVFCCo aims to expand its NPK market share through new investments, joint ventures, mergers and acquisitions (M&A), while enhancing the production capacity of high-quality NPK.
- Formally enter the organic fertilizers market and claim the position of ground breakers in developing organic fertilizers.
- Continue to distribute Phu My Potassium, Phu My DAP and Phu My Ammonium Sulfate products with the aim of providing comprehensive solutions for our customers.
- Maintain/increase market share in fertilizer products, with a particular focus on the market for NPK and organic fertilizers.
- Keep pace with global fertilizer technological developments, lead the market in the development and delivery of smart fertilizers.
Chemical industry
- Improve the efficiency of production and sales of existing chemical products. Develop storage, sales, and manufacturing capacities for chemicals, and invest in potential chemical production like H2O2, Melamine, DEF and off gas recovery projects.
- Mark our entry into the petrochemical business with a broad range of products (leverage collaboration with the petrochemical complex to provide NG/LNG & Condensate/Naphtha; collaborate with oil refineries for the production of large olefins from Ethane crackers & Naphtha crackers).
- Become a large-scale chemical and petrochemical producer, with chemical sales contributing the largest portion to PVFCCo’s revenue and profit.
Sustainable development goals
PVFCCo identifies green growth as a cornerstone of its future strategy, aiming to achieve economic growth alongside environmental protection, stakeholder interest balance, and sustainable business practices. PVFCCo aims to align with the Vietnam Oil and Gas Group (PVN) in implementing the national economic restructuring strategy for economic prosperity, environmental sustainability, and social equity.
01
Prioritizing renewable energy utilization;
02
Transitioning to alternative production materials;
03
Optimizing energy and material efficiency;
04
Minimizing greenhouse gas emissions;
05
Advancing sustainable business operations;
06
Promoting circular recycling;
07
Developing green projects;
08
Preserving biodiversity and social well-being.
GOVERNANCE MODEL AND MANAGEMENT APPARATUS
GOVERNANCE MODEL
PVFCCo followed the corporate governance model consisting of the General Meeting of Shareholders, Board of Directors, Supervisory Board and President and CEO as prescribed at Point a, Clause 1, Article 137 of the Law on Enterprises 2020.
ORGANIZATION AND MANAGEMENT STRUCTURE
General meeting of shareholders
Board of Directors
Supervisory Board
President & CEO and Vice Presidents
Functional divisions
- BOD Office
- Internal Audit Division
- Planning & Investment Division
- Human Resource Management Division
- Legal & Compliance Division
- Sales and Trading Division
- Marketing & Communication Division
- Finance & Accounting Division
- HSE & Technology Division
- Procurement Division
- Digital transformation & IT Division
- Administration
Branches and Dependent units
- Phu My Fertilizer Plant
- Petrochemicals Trading Branch
- Project Management Board
- Center of Research and Application
Subsidiaries
- North Petrovietnam Fertilizer and Chemicals Joint Stock Company
- Central Petrovietnam Fertilizer and Chemicals Joint Stock Company
- South-East Petrovietnam Fertilizer and Chemicals Joint Stock Company
- South-West Petrovietnam Fertilizer and Chemicals Joint Stock Company
Related companies
In 2024, the Corporation has 04 subsidiaries and 05 associates.
Companies with over 50% shareholding
North PetroVietnam Fertilizer and Chemicals JSC (PVFCCo - North, stock code: PMB).
Address: 4th Floor, 167 Trung Kinh Street, Cau Giay District, Hanoi
- Main business lines Fertilizer and chemicals production and trading
- Charter capital (VND million) 120.000
- Owned by PVFCCo 75%
Central PetroVietnam Fertilizer and Chemicals JSC (PVFCCo - Central, stock code: PCE).
Address: Lot A2, Nhon Binh Industrial Cluster, Quy Nhon City, Binh Dinh Province
- Main business lines Fertilizer and chemicals production and trading
- Charter capital (VND million) 100.000
- Owned by PVFCCo 75%
South-East PetroVietnam Fertilizer and Chemicals JSC (PVFCCo - SE, stock code: PSE).
Address: 27 Dinh Bo Linh Street, Binh Thanh District, Ho Chi Minh City
- Main business lines Fertilizer and chemicals production and trading
- Charter capital (VND million) 125.000
- Owned by PVFCCo 75%
South-West PetroVietnam Fertilizer and Chemicals JSC (PVFCCo - SW, stock code: PSW).
Address: 151/18 Tran Hoang Na Street, Ninh Kieu District, Can Tho City
- Main business lines Fertilizer and chemicals production and trading
- Charter capital (VND million) 120.000
- Owned by PVFCCo 75%
Dam Phu My Packaging JSC (PVFCCo - Packaging, stock code: PMP).
Address: Phu My 1 Industrial Zone, Phu My City, Ba Ria - Vung Tau Province
- Main business lines Packaging manufacturing and trading
- Charter capital (VND million) 42.000
- Owned by PVFCCo 43,35%
PetroVietnam Petrochemical and Textile Fiber JSC (VNPOLY).
Address: Lot CN5.5A, Dinh Vu Industrial Park, Dong Hai 2 Ward, Hai An Dist., Hai Phong City
- Main business lines Textile fiber production and trading
- Charter capital (VND million) 2.165.110
- Owned by PVFCCo 25,99%
PetroVietnam Information Technology, Telecom and Automation JSC (PAIC).
Address: 4th Floor, 167 Trung Kinh Street, Cau Giay District, Hanoi
- Main business lines Information technology, telecoms and automation, clean energy
- Charter capital (VND million) 42.352
- Owned by PVFCCo 8,5%
PetroVietnam Urban Development JSC (PVC Mekong).
Address: Lot D - Petroleum Urban Area, Ngo Quyen Str., Ward 1, Ca Mau City, Ca Mau province
- Main business lines Consulting, construction, construction materials production, real estate trading
- Charter capital (VND million) 280.869
- Owned by PVFCCo 35,63%
Ut Xi Aquatic Products Processing Corporation.
Address: Provincial Road 8, Tai Van Commune, Tran De District, Soc Trang Province
- Main business lines Aquaculture, Seafood processing and trading
- Charter capital (VND million) 354.000
- Owned by PVFCCo 6,78%
ORGANIZATIONAL CHART
2024 AWARDS, RECOGNITIONS AND MAJOR EVENTS
Asia Pacific Enterprise Awards (APEA Awards 2024)
Organized by Enterprise Asia.
TOP
50
Top 50 Vietnam's Best Performing Companies 2024
Organized by Nhip cau Dau tu Magazine.
TOP
10
Top 10 Vietnam’s Best Places to Work 2024
High-tech agriculture.
TOP
500
Top 500 Vietnam’s Leading Employers 2024
Organized by Dau tu Newspaper and Vietnam Business Research JSC.
TOP
10
Top 10 Leading Value-Creating Enterprises in Vietnam 2024
(Value 10 - Agriculture Sector).
TOP
500
Top 500 Leading Value-Creating Enterprises in Vietnam 2024 (Value 500)
Annual assessment program by Viet Research (Vietnam Business Research Joint Stock Company)
TOP
10
Top 10 Strong Brands 2024 - Green growth in Vietnam 2024
Organized by Vietnam Economic Times.
Phu My Urea and Phu My NPK brands
continued to be recognized as National Brands.
PVFCCo was voted as "Enterprise for the community" in 2024
by Saigon Times, as part of the Saigon Times CSR awards.