The year 2024 has continued to be a year of significant global economic volatility, marked by ongoing geopolitical tensions, a rising trend of trade protectionism, increasing input costs, and the increasingly evident impacts of climate change. In this context, Vietnam’s agricultural sector in general-and the fertilizer industry in particular-has been navigating substantial challenges while simultaneously encountering opportunities to reposition itself and advance toward sustainable development.

Building on a solid foundation established over many years-particularly our ability to adapt swiftly and effectively during the COVID-19 pandemic-PVCFC has been executing a bold transformation strategy. We are not only reaffirming our leading position in the fertilizer sector but also expanding into strategically important areas such as industrial gases, chemicals, and post-harvest technologies. This expansion reflects our firm commitment to building a comprehensive agricultural ecosystem that meaningfully contributes to the sustainable development of Vietnam’s agriculture.

We remain steadfast in advancing our development in line with ESG (Environmental – Social – Governance) standards. Over the past year, PVCFC has achieved a number of positive outcomes:

• Reduced energy consumption by 4.6%, equivalent to over VND 200 billion in cost savings;
• Strict compliance with emission regulations, ensuring green, clean, and safe operatiaons;
• Strengthened environmental communication and education within the company and employees’ families;
• Actively engaged in social welfare activities, supporting education, healthcare, and local communities;
• Continuously upgraded our governance systems in line with best practices, recognized through numerous prestigious awards;
• Enhanced transparency and fairness in information access for shareholders and stakeholders;
• Established an independent evaluation mechanism for the performance of the Board of Directors.

In addition, PVCFC has completed sustainability disclosure system with reference to international standards, integrating GRI and ACGS criteria into both the annual and sustainability reports. This is a clear demonstration to the company’s commitment to transparency, accountability, and advanced governance practices.

Looking to the future, under the 2025 theme "Solid Foundation - Strong aspiration! Faster - More effective", we are committed not only to business performance but also to playing an active role in addressing key challenges facing Vietnam’s agriculture-particularly in the Mekong Delta and southern provinces, which are heavily impacted by climate change.

At the same time, PVCFC continues to accelerate human capital development strategy, enhancing internal capabilities and building a resilient, innovative, and united workforce-all in pursuit of long-term sustainable growth.

We believe that sustainable development is not a destination, but a continuous journey of innovation, agile adaptation, and the dissemination of positive values. Every step forward at PVCFC is guided by our unwavering focus on balancing economic efficiency, social responsibility, and environmental protection-this is our commitment to our shareholders, the community, and future generations.

We sincerely thank you for your support and trust. Your encouragement is a powerful source of motivation for PVCFC to move forward confidently on our journey toward a greener and more sustainable agriculture.

Sincerely yours,