ANNUAL REPORT: PVCFC

Sustainable goals

Associated with
the development criteria of the business

ACHIEVEMENTS IN KEY FEATURES

Economic efficiency
In the context of economic and political crises in the world, as well as the complex developments of the fertilizer market, through the strength of unity and the efforts of all PVCFC staff under the guidance of the Company’s leadership, PVCFC has actively implemented resolute and effective business measures, and concluded the year 2022 with many proud achievements.
Economic performance
The total revenue reached
16,240.76
VND
billion
increase
12%
compared to the plan
exceeded the revenue target for 2025 expected at
15,000
VND billion
The constituency net profit after tax reached
4,596.31
VND
billion
The consul net profit after tax reached
4,321.08
VND
billion
increase
135%
compared
to the plan
increase
137%
compared
to the plan
Honored in
Top 50 Best Listed Companies in Vietnam
for the second consecutive time voted by Forbes Vietnam
The second consecutive
year named in
Top 500 largest enterprises in Vietnam
Indirect economic impact
In parallel to efficient production and business activities, PVCFC always complies with regulations on contributions to the State budget. In 2022, PVCFC recorded contributions to the state budget of 679.34 VND billion, an increase of 205% compared to 2021.

By directly employing labor and providing products and services in the province of Ca Mau and surrounding areas, PVCFC, along with other companies in the Gas - Electricity - Fertilizer Ca Mau industrial cluster of the Vietnam Oil and Gas Group, contributed over 40% of the budget revenue and created over 30% of jobs for local workers. This has promoted economic development and helped the local shine in the southernmost region of the nation.
contributions to the state budget
679.34
VND
billion
increase
205%
compared
to 2021
created over
30%
of jobs
for local workers
Company’s report on environmental impact
Impact on the environment
Green corner at Ca Mau Fertilizer Plant
Total amount of emissions
9,198,506,172
Initiatives and measures to reduce greenhouse gas emissions.

In 2022, PVCFC implemented measures to reduce emissions in energy use and flexible coordination of plant operation modes to enhance energy efficiency in production, including:
  • Making optimal adjustment of the cooling water system, shutting down a river water pump to stabilize the system, with high backup capability, and a benefit of 53.75 VND Billion.
  • Making flexible adjustment of the Turbine - Motor operation mode based on the difference between electricity and natural gas prices, with a benefit of 20.36 VND Billion.
  • Switching the operation of electric motors between gas-fueled and oil-fueled based on the price difference of electricity and the grid price, with a benefit of 3.82 VND Billion.
  • Continuing in dissolution and recovery of waste nitrogen to commercial urea production, based on the price difference between these two products, with a recovery of 61.2 tons and a benefit of 485 VND Million 2022
Raw material management
The total amount of natural gas realized in 2022 of the Company
537.6
million Sm³
With the aim of becoming a pioneer enterprise in the fertilizer industry, PVCFC always pays attention to the management of raw materials. Most of the raw material orders are appraised and approved by the Material Committee and the Appraisal Committee of the Company. The process of using raw materials is checked and cross-checked between production and supply departments, and controlled through daily, weekly, and monthly reports such as reports on material inventory, consumption compared to standards, and balancing of raw materials for production to ensure efficient use without loss.

PVCFC produces fertilizer from gas raw materials, so the company does not use materials to produce products and does not recycle materials or use recycled materials to produce its main products.
Energy consumption
Direct and indirect energy consumption
166,823,210
KwH
Report on energy saving initiatives
  • The project of recovering permeate gas from Ca Mau Gas Processing Plant has helped the Company save 1,350 Gj/day of energy.
  • Optimizing the primary reforming furnace to reduce energy consumption has helped the Company save 165 Gj/day of energy.
  • Optimizing the control system (APC) helps the Company reduce about 446 Gj/day.
  • Recovering MP vent gas from Urea workshop helps to reduce energy consumption for the Plant by about 115.4 Gj/day.
  • Replacing SuperCups Trays reduces energy consumption for the Plant by about 164 Gj/day.
Water consumption
The total amount of water used in the year is
1,145,821
Water supply and water usage
  • The water source being used at PVCFC’s plants and headquarters is provided by local water plants.
Percentage and total amount of recycled and reused water: 0%
Controlling the quality of wastewater and emissions
Total amount of river water exploited
15,081,188
Total water supply
1,143,418
Total waste water generated
11,798,245
All waste sources of the Plant are strictly controlled and minimized in quantity and quality control always meets the permitted regulations before being discharged into the environment.

The company fully declares and pays the environmental protection fees for industrial wastewater in accordance with the Government’s Decree No. 53/2020/ND-CP dated May 5, 2020, which stipulates the fees for environmental protection of wastewater.
Regular environmental monitoring
To ensure that the quality of waste output does not affect the surrounding environment, the company has conducted regular environmental monitoring four times a year as committed in the environmental impact approved by the Ministry of Natural Resources and Environment in Decision No. 1378/QD-BTNMT dated August 5, 2010. The results of the 2022 regular monitoring at all locations were within permissible limits.
Control of solid wastes
Household: generated from office blocks, canteens, dormitories, toilets, etc., with a volume of 110,426 kg, collected and waste transferred to the Urban Environment Joint Stock Company of Ca Mau for treatment.

Ordinary industrial solid waste: wood chips, damaged pallets, plastic, scrap iron, etc., with a volume of 66,752 kg, collected and transferred to qualified units for treatment according to legal regulations.

Hazardous waste: The company has registered a hazardous waste source management book with the code HWW: 96.000016.T issued by the Department of Natural Resources and Environment of Ca Mau Province on the 4th occasion on December 23, 2014. In 2022, an increased amount of 324,926kg was classified, collected at the source, temporarily stored at the solid waste storage of the plant, and then transferred to qualified units for treatment according to legal regulations.
Comply with the Law on Environmental Protection
The company strictly complies with current legal regulations and manages according to ISO 14001:2015 standards. At the same time, it regularly updates new legal documents and plans to comply with them, if necessary.

In 2022, the company had no record of violating environmental regulations, and the audit report did not identify any cases of fines.
The work of safety – Health – Environment in the Plant
Safety
  • There were no thefts or disturbances in the plant.
  • There were no incidents of fire, chemical spills, food affecting production activities during the year.
  • Emergency response equipment was purchased and repaired and always in a ready state to ensure timely response to incidents.
  • Emergency response rehearses were conducted to ensure timely response to emergency situations
Health
  • There were no work-related accidents requiring hospitalization in the past 2 days.
  • No employee in the company has suffered from an occupational disease.
  • Regular health check-ups are practiced for staff and employees
Environment
  • Waste was sorted and disposed of in compliance with regulations.
  • Regular monitoring and testing of wastewater, exhaust fumes, and air quality are conducted during every shift.
  • The discharge points of the plant were controlled and no excess discharge beyond the regulations occurred.
  • There were no violations of environmental regulations during the year
Report on policies for the laborers
Number of employees and average salary for employees
the total number of employees
in the company
1,042
people
The average monthly salary in 2022
29.76
million/person/month
average income in 2022
36.53
million/person/month
Labor policies to ensure employee health, safety, and welfare
  • The company always implemented good policies for labor, wages, bonuses, social insurance, health insurance, unemployment insurance, and other policies that comply with the regulations of the law, the corporation, and the company.
  • In addition to salary and bonuses, the company implements many programs for staff and employees, such as periodic health check-ups, specialized health check-ups for female staff and employees, occupational disease examinations, and insurance programs that exceed the state’s prescribed levels, such as extended personal accident insurance (PVI Care), voluntary pension insurance, and life insurance with “post-benefits”... providing comprehensive care for all staff and employees at PVCFC.
  • Activities to take care of the spiritual life of staff and employees are always emphasized, such as giving gifts, supporting staff and employees in difficult circumstances, organizing cultural exchange programs and sports events to create a playground and foster unity within the company.
  • Moreover, the company also issued a collective labor agreement to provide a written agreement between the workforce and the employer, stipulating the rights and obligations of both parties to ensure mutual benefits and contribute to maintaining long-term relationships between employees and the company
Education and training
Training activities
  • Training and development of human resources is always a concern of the company’s leadership, creating conditions for employees to participate in training courses to improve their professional skills, ethical qualities, promote the dedication and cohesion of employees in the sustainable development and prosperity of the company, specifically as follows:
The average training hours
23 hours/person/year
The training hours by employee classification
  • High-level leaders (The Executive Board, Deputy Head of Department and equivalent): 1,045 hours/year.
  • Middle-level leaders (Deputy Head of Department and equivalent, Head of Workshop, Team Leader): 1,460 hours/year.
  • Employees: 21,952 hours/year.
Training courses at PVCFC help improve the cohesion of employees in the development of the Company
Training program
In 2022, the company organized in-depth training courses on professional skills, technical skills, and business such as Hardware Configuration, Fault Handling of ABB ACS800 Low Voltage Inverter, SIMATIC@s7 400F/FH Redundancy, IECEx CoPC Ex001 Basic Principle Certification Training and Examination, General Overview of Urea Production Technology, NPK Interlock, Technology Safety Awareness...; training on management work such as Professional Human Resource Director, Company Governance according to good practices, Vietnam-Singapore High-Level Administration...;
Along with effective corporate culture training programs on Seven Effective Habits, combined with activities with the theme of Flexible- term capacity and cohesion, coordinating the long-term career development of each employee in the sustainable development and prosperity of the company.
Report on contributions to the community - society
PVCFC engineer advises on crop and product knowledge for farmers in Dong Thap
During its operation and development, PVCFC has always been recognized as a proactive enterprise accompanying social welfare work. Community responsibility is placed by the company in parallel with the production and business mission, considering it an important mission on the journey of pioneers towards more sustainable development and prosperity.
In 2022, the total realized social security budget of PVCFC is
49.39
VND
billion
Social security serving education
Representatives of PVCFC and Dong Thap Provincial People’s Committee opened the nameplateof the educational project
PVCFC attended the opening events and gave bicycles to poor students
PVCFC attended the opening events and gave bicycles to poor students
The field of education is comprehensively invested in by the company, from building schools, libraries, bridges, and providing teaching and learning equipment, books, to real-life experiential learning programs for students across the country, with a focus on provinces such as Ha Tinh, Thanh Hoa, Hai Duong, Nam Dinh, Binh Dinh, Soc Trang, Thai Binh, Hau Giang, and Ca Mau…

PVCFC has grown up for as many years as the “Pearl Seed of Golden Crop” scholarship fund has been associated with students and units to take care of the country’s future buds. In 2022, PVCFC awarded 6,350 scholarships to students and students with a total value of over 1.6 VND billion. On September 15, 2022, the company officially signed a cooperation agreement with the Department of Education and Training of Ca Mau province to jointly implement educational environment development activities, contributing to promoting the quality of education in the locality.
Social security towards the community
Representatives of PVCFC visited and gave gifts to people on Tet holiday
PVCFC organized events to support and accompany people in difficulty.
PVCFC organized events to support and accompany people in difficulty.
  • Activities of gratitude (Tet for the poor, support, visit to Heroic Vietnamese Mothers, policy families) and social security activities towards the community are always actively implemented by the company, contributing to building a strong and better community in the future.
  • In early 2022, PVCFC implemented the program “Ca Mau Fertilizer - Sharing Together,” giving thousands of Tet gifts worth nearly 1.2 VND billion, bringing warm Tet to many tough circumstances across the country. In the chain of annual activities of PVCFC, the program “Big Win in the Golden Crop” has created a great impact, supported and responded enthusiastically by many people. PVCFC spent over 17 VND billion on the program to help farmers increase their experience with Ca Mau NPK products while having the opportunity to win valuable prizes, sharing with people the burden in the context of a difficult economy.
Social security to serve the construction of rural houses/transportation
Mr. Le Manh Hung – General Director of PVN and Representative of PVCFC at the opening ceremony of the bridge in Tan Bang commune, Thoi Binh district, Ca Mau province
Leaders of PVCFC at the event of giving Great Solidarity House to people
PVCFC regularly carries out the construction of solidarity houses for the poor and rural transportation projects, contributing to the stability and improvement of rural life quality, with a focus on disadvantaged districts in Ca Mau province such as Dam Doi, Phu Tan, Tran Van Thoi, and Thoi Binh. At the end of November 2022, PVCFC cooperated with the Ca Mau Provincial Fatherland Front to commence the construction of 200 charity houses for the poor, responding to the national sustainable poverty reduction goal in Ca Mau province, concluding the task of building a new rural life in 2022 with a total budget of nearly 12 VND billion.
Social security to serve the health-society
Deputy General Director Tran Chi Nguyen presented 02 ambulances to Ca Mau province to serve the prevention of Covid-19 epidemic
  • PVCFC always accompanies and shares with healthcare units and organizations to improve the quality of community health, for a healthier and happier life.
  • In 2022, the company implements activities to support the operations of hospitals such as: supporting the renovation and replacement of the firefighting water supply system for Cho Ray Hospital, supporting the construction of the Liem Thuan Commune Health Station in Thanh Liem, Ha Nam, supporting the construction of the Cat Thanh Town Health Station in Truc Ninh, Nam Dinh..
Along the journey of operating beyond business success, PVCFC increasingly marks its imprint as a responsible brand for community work, for social welfare. Over the past decade, PVCFC’s journey of sharing love has been ignited throughout the country, not only providing more motivation for people to be more secure in their lives but also contributes to nurturing meaningful humanitarian values, continuing the beautiful tradition of “mutual affection” of the Vietnamese people, deserving of the position and role of a pioneering brand in the field of fertilizer production and business, contributing to building a green agriculture for the sustainable development of the community.