In 2024, fertilizer market continued to show no positive signs when the fertilizer prices remained the same as in 2023 while the gas price increased by 2% from the same period. On the other hand, geopolitical conflicts and wars were still prolonged and widespread, especially tensions in the Red Sea region causing supply chain disruption and raising transportation expenses. The domestic market and farming situation also witnessed disadvantages as drought and saltwater intrusion occurred in the Mekong Delta - the target market of PVCFC, in the first half of 2024. In the third quarter of 2024, severe storms and floods affected agriculture in the Northern and Central regions, significantly reducing fertilizer consumption demand. In addition, the 2024 summer-autumn crop also arrived late and ended early while the winter-spring crop arrived late compared to previous years. However, given those difficulties and challenges, thanks to the dedicated support from PVN with gas supply for Ca Mau Fertilizer Plant to operate at optimal capacity, PVCFC’s proactiveness in maximizing operational efficiency, adding new motivations in investment, increasing exploitation of new markets, typically two of the world’s most demanding markets i.e. Australia and New Zealand, strengthening business cooperation with major partners such as Samsung C&T and Yuntianhua Group, and applying the best corporate governance practices along with “Stronger Aspiration, Faster - More effective”, PVCFC has successfully completed the 2024 plan assigned by the General Meeting of Shareholders. Those impressive results are as follows: