Message from the Chairman of the Board
“Solid Foundation - Strong aspiration! Faster - More effective” has been identified as the guiding principle throughout all activities of the Company in 2025, with the belief in strong transformation, resounding success, and the growing reach and position of Petrovietnam Ca Mau Fertilizer Joint Stock Company (PVCFC).
Dear Shareholders, Partners, Customers, and All Employees!
On behalf of the Board of Directors, I am pleased to present the 2025 Sustainability Report of PVCFC. This report documents PVCFC's continuous development journey since its establishment in a transparent and comprehensive manner, serving as the foundation for affirming PVCFC’s commitment to sustainable development to all stakeholders.
In 2024, PVCFC’s business operations took place amid rising global conflicts and political tensions; increasing public access to information technology; a growing trend in using green energy and reducing environmental emissions; and ongoing challenges in agricultural production. On the other hand, 2024 also presented opportunities: Ca Mau Fertilizer’s brand gained increasing consumer trust; sales policies were flexible and balanced between domestic supply and exports; and Vietnam Oil and Gas Group (PVN) ensured stable gas supply for efficient plant operations.
In 2024, the parent company PVCFC recorded total revenue of VND 14,037 billion and profit after tax of VND 1,428 billion. Export and international business remained bright spots for Ca Mau Fertilizer. Specifically, export volume reached 319 thousand tons with a value of VND 2,940 billion. PVCFC became the first Vietnamese enterprise certified to export bulk goods to Australia and New Zealand, marking the presence of its products in nearly 20 countries and territories worldwide.
PVCFC’s efforts were recognized through outstanding achievements: successful M&A with Korea-Vietnam Fertilizer Co., Ltd; construction of a new production plant in Binh Dinh province; the official opening of a Representative Office at 173 – 179 Truong Van Bang, Thanh My Loi, Thu Duc City, HCMC; global fertilizer distribution partnership with Samsung; receiving the “National Brand” title for the sixth consecutive time; becoming the exclusive distributor of natural/golden DAP 64 with global fertilizer and chemical giant Yuntianhua Group; and launching the first Urban Agriculture Supermarket in Ho Chi Minh City,...
We understand that beyond the positive effects on crop productivity and national food security, the production and use of chemical fertilizers also have environmental impacts. Aware of our environmental and social responsibilities, PVCFC has always placed “Sustainable Development” as a strategic priority-while achieving economic growth, ensuring a harmonious balance of interests among stakeholders, environmental sustainability, and community prosperity. Environment and climate change are identified by PVCFC as critical issue and have always been top priorities in our development orientation and commitment to responsibility.
PVCFC’s goal is to focus all efforts on developing the Company into one of the leading fertilizer manufacturing and trading enterprises in Vietnam and Southeast Asia by 2030, based on the following perspective and development principles:
Perspective:
- Providing nutritional solutions for crops, contributing to ensuring national food security.
- Developing the Company with a governance model aligning with international standards, supporting the government’s “Tam Nông” policy (Nông dân - Farmer; Nông thôn - Countryside; Nông nghiệp - Agriculture) to transform agriculture into a modern, sustainable, and environmentally friendly sector.
- Developing the clean chemical and energy sectors in line with global energy transition trends.
- Expanding business and production must always be aligned with environmental regulations, enhancing governance capabilities and contributing to societal development to ensure sustainable progress.
- Committing to continuous efforts in reducing greenhouse gas emissions and contributing to climate change adaptation through the research of eco-friendly products and initiatives aimed at decreasing energy and raw material consumption.
Development Principles:
- Focus on sustainable development in the fertilizer sector, selectively invest in the agriculture value chain to create added value and enhance production efficiency.
- Commit to developing high-quality and eco-friendly products.
- Ensure trustworthiness to customers, positioning the Company as a trusted partner for farmers.
- Uphold social responsibility by harmonizing interests and sharing responsibilities with all stakeholders.
To enhance the positive impacts of sustainable development activities, PVCFC has established an ESG (Environmental, Social, and Governance) strategic orientation. Based on this framework, we have built a portfolio of strategic initiatives aligned with our sustainability focus areas. The implementation of these strategic initiatives will adhere to guiding principles across four dimensions: strategy, operations, finance, and compliance. Our sustainability solutions reflect PVCFC’s commitment to responsibility towards the environment and society, contributing to the overarching goal of achieving Net Zero by 2050.
PVCFC warmly welcomes sharing, feedback and collaboration from our esteemed shareholders, customers, partners, employees, and the community to build the Company more sustainable and prosperous.
Best regards,
