LEADERSHIPMESSAGE

SOLID FOUNDATION
STRONGER ASPIRATION, FASTER, MORE EFFICIENT

A solid foundation today is the launching pad for great aspirations tomorrow. PVCFC increasingly innovates and pioneers in creating a sustainable future, where the reaching-out aspirations are driven by the courage of daring to think and daring to do, the spirit of innovation and the commitment to continuously improve efficiency. As the foundation is solid, each PVCFC’s step becomes stronger; each challenge becomes a motivation; and each innovation is a push to help the Company confidently conquer new heights.

TOTAL CONSOLIDATED REVENUE

0

billion VND

Image 1

PROFIT BEFORE TAX

0

billion VND

Image 2

Dear valued Shareholders, Partners, Customers and Employees!

The year 2024 marked the 14-year journey of establishment and development of PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC). With a solid foundation built through many years, PVCFC has continued to affirm its pioneering position in the fertilizer industry, steadfastly pursuing sustainable development strategy and aspiration to reach further and stronger.

Given the volatile global economy, the agricultural and fertilizer industries are facing significant challenges related to fluctuating prices, supply chain disruption and evolving market demands.

However, with its pioneering and innovative spirit and endless efforts, PVCFC has achieved impressive results. In 2024, PVCFC’s total consolidated revenue reached VND 14,037 billion, an increase of 7% compared to 2023, and profit before tax reached VND 1,522 billion, an increase of 21% compared to 2023. This outcome not only reflects operational efficiency but also demonstrates the determination, solidarity and courage of all leaders and staff of PVCFC.

Development Strategy - Conquer New Heights

Moving forward to the future, PVCFC identifies three important strategic pillars:

  • Expanding product and service portfolio, developing comprehensive nutritional solutions for crops, improving fertilizer quality, meeting domestic and international market demand.
  • Strongly investing in the industrial gas and chemical sectors serving agriculture, taking full advantage of the oil and gas ecosystem to enhance competitiveness.
  • Exploring opportunities in the post-harvest processing sector, contributing to completing agricultural value chain, providing optimal solutions for farmers.

Strategic transformations

ON DECEMBER 25, 2024, CA MAU FERTILIZER OFFICIALLY REACHED PRODUCTION OUTPUT OF

0

million tons of Urea

OPTIMAL OPERATION WITH CAPACITY OF

110
-
0
%

COMPARED TO DESIGN CAPACITY

The year 2024 marks an important turning point of PVCFC with a number of international cooperation strategies, to be specific:

  • Successful acquiring Korea-Vietnam Fertilizer Co., Ltd., helping PVCFC dominate the NPK market, increasing market share in the Southeast and Central Highlands, expanding production scale and completing agricultural value chain.
  • Cooperating with Samsung Group, opening opportunities to bring Vietnam’s fertilizer products to the global market through a large distribution network and international quality standards.
  • Cooperating with Yuntianhua Group, one of the leading fertilizer and agricultural chemical corporations in Southeast Asia, helping PVCFC optimize raw material supply and expand export market share.

These steps not only enhance PVCFC’s position but also affirm the Company’s pioneering role in developing a more sustainable, modern and effective agriculture.

Committed to a sustainable future

PVCFC always believes that sustainable success comes not only from impressive figures but also from the practical values we bring to the farmer, the community and the economy. PVCFC’s development orientation is closely associated with social responsibility, environmental protection and optimizing resources to create long-term values.

With solid foundation, clear strategy and the companionship of valued Shareholders, Partners, Customers and all Employees, we believe that PVCFC will continue to reach further, affirming our leading position and making a significant contribution to the sustainable development of Vietnam’s agriculture.

On behalf of the Board of Directors and the Executive Board of PVCFC, we would like to express our deepest gratitude to all of you for your trust, companionship and support during the Company’s development journey. We are committed to continuing to innovate, improve operational efficiency, increase value and bring greater success in the future.

Wish you all good health, happiness and success!

Sincerely yours,

VAN TIEN THANH

General Director

TRAN NGOC NGUYEN

Chairman