Sustainability report 2024 PVCFC

1. General information
about PVCFC

Changes in the 2024
Sustainability Report

2024 marks the second year that PVCFC has published a separate Sustainability Report. Alongside positive transformations in sustainable development practices, this report features several key enhancements compared to the 2023 edition, specifically:

Reference to SASB Industry Standards

In addition to GRI and SDGs, the report now references the Sustainability Accounting Standards Board (SASB) standards for the chemicals industry (RT-CH 2023-12 edition). This represents a significant distinction from the general approach to sustainability reporting in Vietnam.

Enhanced Report Assurance

Beyond maintaining limited independent assurance by Deloitte on Workforce, Energy, and Water Consumption as in 2023, this year’s report includes additional assurance on:

  • Scope 1 and 2 GHG emissions and emission intensity are assured by Deloitte.
  • Training and social welfare indicators are assured by Internal Audit.
  • Scope 1 and 2 GHG emissions are implemented with consultation from Bach Khoa Energy Saving Joint Stock Company (for PVCFC) and Vietnam Technology Solutions Joint Stock Company (for KVF).
Increase number of quantitative targets

In addition to the target of reducing energy consumption by 5% by 2025 compared to 2022, PVCFC has set a new goal of reducing GHG emissions intensity per ton of urea product by 1% (2030 vs. 2024). The determination of the targets is based on calculating the impacts of the energy-saving and emission-reduction initiatives that PVCFC is currently implementing and will implement in the future.

Climate Change Mitigation Roadmap Disclosure

Based on the reliable implementation of the greenhouse gas (GHG) emissions inventory conducted by a specialized consulting firm, PVCFC has designated 2024 as the baseline year for its emission intensity reduction target by 2030. With this baseline, PVCFC has also announced a roadmap and key milestones to achieve this goal.

Improved Information Disclosure Quality

The report’s contents are disclosed in greater detail and with more complete information, such as Chemical management, Research and develop product. In particular, climate change-related information has included a description of risks and opportunities, and a description of how to manage, exploit opportunities and respond to risks is presented more clearly and fully.

Inclusion of KVF Data in Consolidated Figures

KVF data will be incorporated into the consolidated figures for a nine-month period (from April to December 2024, following PVCFC’s acquisition of KVF).

Sustainable Supply Chain

PVCFC's 2024 Sustainability Report has outlined several sustainability criteria to evaluate suppliers. The report also provides information on the number of suppliers evaluated.

Detailed Data Disclosure

PVCFC's 2024 Sustainability Report has been enhanced with numerous quantitative indicators, aiming to increase transparency and the measurability of results. This change helps the information to be presented more specifically and clearly compared to last year. Consequently, readers can easily monitor progress and objectively assess performance.

The detailed data is presented in the appendices of this report.

Overview information

GRI 2-1
PETROVIETNAM CA MAU FERTILIZER JOINT STOCK COMPANY
  • Company name:

    CÔNG TY CỔ PHẦN PHÂN BÓN DẦU KHÍ CÀ MAU
  • English name:

    PETROVIETNAM CA MAU FERTILIZER JOINT STOCK COMPANY
  • Abbreviation:

    PVCFC
  • Charter capital:

    5,294,000,000,000 VND
  • Business registration certificate number

    2001012298
  • Website:

    www.pvcfc.com.vn
  • Headquarter
  • Address

    Block D, Industrial Zone Ward 1, Ngo Quyen Street, Ward 1, Ca Mau City, Ca Mau Province
  • Phone

    (84 - 290) 3.819.000
  • Fax:

    (84 - 290) 3.590.501
  • Representative office
  • Address:

    173-179 Truong Van Bang Street, Thanh My Loi Ward, Thu Duc City, Ho Chi Minh City
  • Phone:

    028.2208.5555

STOCK CODE:

The process of formation and development

In 2008, The Ca Mau Fertilizer Plant Project - one of the most important links in the Ca Mau Gas – Electricity - Urea Project Cluster officially commenced construction at the southernmost tip of the country, bearing a great mission for the development of national agriculture.

From the early days of its establishment until now, after more than a decade of hardship to mature “MORE SUSTAINABLE - MORE PROSPEROUS”, PVCFC has increasingly affirmed its position as a leading brand in the field of fertilizer production and trading nationwide, contributing to ensuring food security and enhancing the value of Vietnamese agricultural products. The journey of more than a decade in building and developing PVCFC is a glorious journey with many proud historical milestones.

2008
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024

Ca Mau Fertilizer Plant officially commenced construction.

PetroVietnam Ca Mau Fertilizer Limited Company (a subsidiary of the Vietnam Oil and Gas Group) was established on March 9, 2011.

  • The company’s first commercial product, “Dam Ca Mau - Golden Harvest”, was launched on January 30, 2012.
  • The company achieved a production volume of 500,000 tons of Urea after 10 months of operation.

PVCFC received two important awards: “Vietnam Gold Star Award” and “Outstanding Agricultural Product”. The production volume reached 1 million tons of Urea after 15 months of operation.

  • On November 12, 2014, PVCFC successfully conducted an IPO with 128,951,300 PVCFC shares being fully sold, making it the largest IPO in 2014.
  • PVCFC was officially recognized as a National Brand.
  • PVCFC transitioned to a joint-stock company model, and was listed on the Ho Chi Minh Stock Exchange with the stock code DCM.
  • The premium fertilizer product line N.HUMATE+TE was officially launched.
  • The production volume reached 3 million tons of Urea after 4 years of operation.
  • PVCFC received the Second-Class Labor Order.
  • Two premium functional product lines were launched: N46.PLUS and N46.NANO C+.
  • The production volume exceeded 4 million tons of Urea after 5 years of operation.
  • PVCFC was honored in the Top 500 Largest Enterprises in Vietnam.
  • The company officially distributed a set of 7 superior products that provide a complete range of nutrients for crops.
  • The “Experience the High-Tech Products” program was first introduced to cooperatives and farmers.
  • Urea production volume reached the 5 million tons milestone. Sales volume increased significantly for the first time.
  • Self-sales exceeded the plan by 10%.
  • PVCFC was awarded the “Prestigious Export Enterprise” title.
  • PVCFC was honored in the Top 100 Sustainable Enterprises in Vietnam in 2019.
  • A production record was set, reaching the target 36 days early with a total volume of 870,000 tons, reaching the 6 million tons Urea milestone.
  • The DMS system was officially operated, helping to digitize business transactions.
  • The brand was expanded from “Dam Ca Mau” to “Phan bon Ca Mau”.
  • Awarded the Vietnam National Brand Award 2020.
  • Revenue reached a record of VND 7,700 billion. Export volume reached a record of over 300,000 tons, reaching the 7 million tons Urea milestone.
  • Celebrating the 10th anniversary of the company’s establishment from 2011 to 2021.
  • Recognized as one of the Top 50 best listed companies in Vietnam in 2021 by Forbes Vietnam magazine.
  • Achieved the Top 500 Largest Enterprises in Vietnam (VNR500).
  • For the first time, produced and launched the organic fertilizer product named OM CAMAU.
  • Impressive business results with a record total revenue of VND 10,041.67 billion, achieving 110% of the plan. Profit before tax reached VND 1,956.27 billion, achieving 212% of the plan.
  • Honored to receive the Vietnam Gold Star Award for the 4th time.
  • Ranked in the Top 50 Best Listed Companies in Vietnam for the 2nd consecutive year according to the Forbes Vietnam announcement.
  • Awarded the National Brand Award for the 5th consecutive year.
  • The Ca Mau Fertilizer Plant reached the milestone of 9,180,800 tons of urea production.
  • Revenue and profit recorded the highest levels ever:
    • Total revenue reached VND 16,240.76 billion, achieving 112% of the plan.
    • Profit before tax reached VND 4,596.31 billion, achieving 118% of the plan.
  • PVCFC successfully penetrated and developed the NPK market, with sales volume reaching 138.61 thousand tons, in the year, equivalent to 166% of 2022.
  • Overcoming numerous difficulties and economic fluctuations in 2023, PVCFC achieved impressive business results, exceeding the annual plan targets with total revenue reaching VND 13,172 billion and profit before tax reaching VND 1,255 billion.
  • The Board of Directors of PVCFC was awarded the title “Board of Directors Committed to Good Corporate Governance Practices”.
  • PVCFC launched the first artificial human project in the Vietnamese agricultural sector called “Anh Hai Ca Mau”, strongly affirming PVCFC’s innovation and creativity to meet sustainable development goals in the new era.
  • The Ca Mau Fertilizer Plant reached the milestone of 10 million tons of urea production on December 7, 2023.
  • PVCFC’s total revenue reached VND 14,037 billion, profit after tax reached VND 1,428 billion.
  • Export and international business continue to be a bright spot for Ca Mau Fertilizer, with export volume reaching 319,000 tons and annual export value of VND 2,940 billion. PVCFC is the first Vietnamese enterprise to receive a bulk export certificate for the Australian and New Zealand markets, marking its presence in nearly 20 countries and territories worldwide.
  • The Ca Mau Fertilizer Plant reached the milestone of 11 million tons of urea production on December 25, 2024.
  • PVCFC successfully completed the M&A of Korea-Vietnam Fertilizer Co., Ltd.
  • PVCFC’s representative office is officially located at 173 – 179 Truong Van Bang Street, Thanh My Loi Ward, Thu Duc City, Ho Chi Minh City.
  • PVCFC partnered with Samsung to distribute fertilizers globally; it was honored with the “National Brand” award for the sixth consecutive time.
  • PVCFC officially opened the first Urban Agricultural Supermarket in Ho Chi Minh City.

Business lines and business area

Business lines

Established on 09/03/2011, PVCFC is an enterprise with the main business lines and activities in: Manufacturing, trading and import-export of fertilizers, petrochemicals, primarily serving the agricultural sector with the mission of serving millions of farmers with high-nutrient fertilizer products suitable for various crops and soil types. Applying technology based on the petrochemical industry, PVCFC has enhanced its business efficiency, while contributing to transforming the agricultural economy of the country towards green and sustainable development.

Production Capacity

PVCFC currently owns 3 plants, Ca Mau Fertilizer Plant, Ca Mau NPK Plant, and Korea-Vietnam NPK Plant.

CA MAU FERTILIZER PLANT

Equipped with modern production lines that meet EU and G7 standards, the Ca Mau Fertilizer Plant operates efficiently and safely while ensuring environmental friendliness and strict adherence to environmental regulations. It is the only domestic producer capable of manufacturing granular urea that is consistently rated for its stable quality and sufficient, durable nutrient content- making it suitable for a wide range of crops and soil types, making a significant contribution to the goal of ensuring national food security.

Ca Mau Fertilizer Plant always operates safely and stably with large capacity, bringing high product output and revenue. On December 25, 2024, Ca Mau Fertilizer Plant officially reached an output of 11 million tons of urea, optimizing its capacity of 110-115% compared to its design capacity, setting an important milestone in a journey of reaching new heights toward sustainable agriculture development of PVCFC.

CA MAU NPK PLANT

Following the success of Ca Mau Fertilizer Plant, the birth of Ca Mau NPK Plant is a lengthy step forward in the complete strategy of plant nutrition solutions that PVCFC continuously deploys to contribute to diversifying sources of high quality fertilizers, accompany farmers in sustainable farming, increase the value of “greening” for the country’s agriculture. Ca Mau NPK Plant has a capacity of 300,000 tons/year, using liquefied urea technology with production lines under the most advanced technology in the world today of contractor ESPINDESA - Spain and the main equipment of EU/G7 countries.

With the motto “Quality First - Long-lasting Value”, since its establishment, PVCFC’s Leadership and employees have been consistently focusing on expertise, in parallel with promoting innovations to conquer new technological achievements, all in order to upgrade the operational efficiency of plants to serve agriculture effectively with a chain of high quality products, ensuring food security, and at the same time raising the position of Vietnamese trade in the international arena.

KOREA-VIETNAM NPK PLANT

On April 1, 2024, Petrovietnam Ca Mau Fertilizer Joint Stock Company and Taekwang Group (TKG) officially held the signing ceremony for the handover agreement of Han-Viet Fertilizer Co., Ltd. (KVF).

Since December 2017, KVF’s Korea-Vietnam NPK plant has officially been in operation with a designed capacity of 360,000 tons of NPK per year. The plant is designed according to global standard technology licensed by INCRO, Spain.

Korea-Vietnam NPK is a brand long recognized for its product quality and trusted by farmers for many years. In 2024, Ca Mau Fertilizer officially completed the transfer of the Korea-Vietnam NPK Plant. This important step allows Ca Mau Fertilizer to finalize its comprehensive crop nutrition solution, enabling farmers to develop more sustainably and prosperously.

Business operating area

With a vision to become a leading enterprise in the fertilizer production and trading sector, PVCFC always focuses on developing its business operations in an organic, safe and sustainable manner, contributing value to society and bringing benefits to the community. PVCFC brand is now present nationwide and has expanded its exports to international markets.

Present in approximately

0

Countries

export volume

0

tons

export value

0

Billion VND

DISTRIBUTION NETWORK

PVCFC currently owns an extensive distribution network that spans along the country from North to South, while also establishing a significant market share in Cambodia. In the coming years, PVCFC continues to actively expand its distribution network, increase brand recognition, enhance competitiveness, and contribute to the prosperous and sustainable development of the national agriculture sector.

Products
Key business areas
GRI 2-6

PVCFC is an enterprise whose main functions and business activities include the production, trading, import-export of fertilizers and petrochemical products, primarily serving the agricultural sector. With the mission to serve millions of farmers, PVCFC provides high-nutrient fertilizers suitable for a wide variety of crops and soil types. By applying technological advancements based on the petrochemical industry, PVCFC enhances business efficiency while contributing to the transformation of the national agricultural economy towards sustainable green development.

PVCFC has made significant and positive contributions over the years:

Contribution to food security: PVCFC not only supplies fertilizers to increase crop yields but also helps ensure a stable food supply for the entire country.

Products economic development: The effective use of fertilizers aids farmers in increasing their income, improving their livelihoods, and promoting the development of rural areas.

Application of technology in production: PVCFC applies modern technology in production, enhancing product quality, minimizing negative environmental impacts, and creating high-quality fertilizers tailored to various crops and soil conditions.

Community investment: PVCFC participates in community activities such as building schools, supporting people in disadvantaged areas, constructing charity houses, and planting trees for reforestation.

Sustainable development: The company aims for long-term sustainable development, balancing economic benefits with environmental and social protection.

Production: Innovating and upgrading machines to reduce energy consumption per unit of product and minimize CO2 emissions into the environment.

Research and development: đDeveloping fertilizers that provide high efficiency for farmers, increase crop yields, and improve pest resistance while making a positive and effective contribution to reducing greenhouse gas emissions. Examples include slow-release fertilizers.

To ensure sustainable development across all our business areas, we continuously improve and optimize our product portfolio, aiming for environmentally friendly solutions that meet international standards. Our products not only deliver economic value but also help minimize the impact on the ecosystem and enhance quality of life.

Products
MAIN PRODUCT LINES UNDER THE CA MAU FERTILIZER BRAND

The current product lines under the PVCFC brand include single fertilizers, NPK fertilizers, and high-quality organic fertilizers with high nutrient content. Throughout its development journey, PVCFC has consistently prioritized sustainable development as a strategic goal.

10 Highlight events
in 2024

Despite facing many difficulties and challenges due to market fluctuations, 2024 was considered a year of effective operation for Ca Mau Fertilizer, with impressive and comprehensive results.

Ca Mau Fertilizer officially exported to the world’s most demanding markets of Australia and New Zealand

Up to now, Ca Mau Fertilizer products have been present not only across the country but also in nearly 20 countries worldwide. In particular, for the first time, Ca Mau urea has accessed Australia and New Zealand which are the world's most demanding markets. To meet the strict standards of these markets, PVCFC has made every effort to improve product and service quality from production, transport and export. This is a positive signal, affirming the prestige and quality of Ca Mau Fertilizer brand.

In nearly

0

Countries worldwide

/>
PVCFC built its second fertilizer plant in Binh Dinh province

PVCFC is set to implement Ca Mau Fertilizer Plant in Binh Dinh with a scale of 3 hectares and investment capital of VND 120 billion, increasing output to serve the domestic market towards promoting exports to the world market. The plant in Binh Dinh will supply high-quality fertilizers, adding values for farmers while minimizing environmental impact to contribute to reducing greenhouse gas emissions, developing Net Zero agriculture.

With the construction of the second plant in Binh Dinh, PVCFC will have more advantages to promote strengths, expand market, increase production and business efficiency, and develop local cooperation faster and more sustainably.

CA MAU FERTILIZER PLANT IN BINH DINH
SCALE

3

ha

INVESTMENT CAPITAL

120

Billion VND

/>
PVCFC successfully acquired Korea-Vietnam Fertilizer co., Ltd.

On April 1, 2024, PVCFC completed the acquisition of 100% stake of Korea-Vietnam Fertilizer Company Limited (KVF) and took ownership of the plant with a capacity of 360 thousand tons/year. After taking over and putting into operation, PVCFC officially distributed high-quality 1-color NPK products with 2 brands of Ca Mau NPK and Korea-Vietnam NPK. The KVF M&A has not only helped PVCFC reduce direct NPK competitors but also contributed to expanding the production scale, as a strategic step to increase the Company’s position, enhancing distribution capacity and approaching the Southeast and Central Highlands markets.

Capacity

360,000

tons/year

TOTAL NPK PRODUCTION CAPACITY OF PVCFC

660,000

tons/year

/>
PVCFC officially established its representative office in Ho Chi Minh city

PVCFC officially established its representative office at 173-179 Truong Van Bang, Thanh My Loi, Thu Duc City, Ho Chi Minh City – one of the most dynamic financial and economic centers in the country. This is not only an important milestone in PVCFC’s strategy to expand its operation but also affirms the Company’s reputation in the market, increasing connections with strategic investors, partners and customers.

The newly established representative office is well invested with modern design and state-of-the-art facilities meeting international standards of professional working environment for employees. Moreover, this is also an important transaction point, where the Company’s cooperation activities, shareholder meetings, conferences, and seminars are organized, promoting strategic relationships, realizing the goal of sustainable development and enhancing the brand value of Ca Mau Fertilizer in the domestic and international markets.

PVCFC OFFICIALLY ESTABLISHED ITS REPRESENTATIVE OFFICE AT
173-179 Truong Van Bang, Thanh My Loi, Thu Duc City

Ho Chi Minh City

/>
PVCFC cooperated with Samsung to distribute fertilizers globally

Accordingly, Samsung exports products manufactured by PVCFC such as NPK, granular Urea, etc. to the global market while PVCFC imports Urea, DAP, MOP, and Amsul from Samsung as raw materials for production and trade purposes. This agreement helps both sides take advantage of the other’s strengths to develop business in the future.

With this agreement, PVCFC not only has more opportunities to access the world market thanks to Samsung’s global network but also diversifies its product lines, especially high-tech fertilizers.

PVCFC is continuing to seek and promote investment cooperation with large corporations in the world to expand the market and receive high appreciation from partners. Opportunities are coming and become the motivation for PVCFC to reach new heights and expand its international presence.

/>
PVCFC received “national brand” title for the 6th consecutive year

In 2024, PVCFC was honored as a “National Brand” for the 6th consecutive year, once again affirming the prestige of Ca Mau Fertilizer in the market with the premium quality and standards.

To achieve this title, the Company has satisfied a lot of criteria in quality, innovation and pioneering capacity in the market. The Company also focuses on approaching the standards, import conditions, and consumption habits of international customers.

This title has served as a powerful source of strength and motivation for the management and the employees of the Company to continuously “create values” to develop Ca Mau Fertilizer brand, actively contributing to the green transformation of Vietnam’s economy.

2024 WAS THE

6th

consecutive year honored

“National Brand”
/>
CA MAU fertilizer was honored in three categories of Corporate governance and Sustainability report

At the ceremony of Vietnam Listed Companies Awards 2024, PVCFC was honored to be named for three proud awards: Top 10 Best corporate governance enterprises, Enterprises with corporate governance beyond compliance, and Enterprises with most reliable Sustainability report.

PVCFC was highly appreciated by the Assessment Council for the reports presented with beautiful designs, meaningful messages and good promotional effects. The business figures and financial indicators were described clearly and scientifically. In particular, the Company has successfully applied corporate governance practices.

These achievements have further affirmed PVCFC’s position and motivated the management and the employees to make efforts on developing the Company to become one of the leading enterprises in fertilizer manufacturing and trading in Vietnam and Southeast Asia.

TOP 10

Best corporate

governance enterprises

ENTERPRISES WITH CORPORATE GOVERNANCE

beyond compliance

ENTERPRISES WITH MOST RELIABLE REPORT

Sustainability report

/>
PVCFC became an exclusive distributor for yellow/natural DAP 64 of Yuntianhua Group - one of the largest chemical corporations in the world

This cooperation is a strong commitment of PVCFC in building a sustainable agricultural development, bringing long-term values to farmers, contributing to community and society. This is also a firm step for the Company to participate in the global agricultural supply chain.

The transaction volume of at least 100,000 tons/ year will help PVCFC ensure a raw material supply with high quality and competitive price, contributing to stabilizing production and cultivation for farmers.

It can be said that this is good news for Vietnam’s agriculture in the last months of 2024, especially when the entire agricultural sector is making every effort to recover after Typhoon Yagi.

THE TRANSACTION VOLUME OF AT LEAST

100,000

tons/year

/>
PVCFC launched AI pest diagnosis on 2NONG application

On December 17, 2024, PVCFC officially launched AI pest diagnosis on 2Nong application and digital platforms such as the website, App Store, Google Store, etc. The 2Nong application is provided free to farmers, not only as a support tool but also as a reliable companion and assistant, helping farmers to steadily step on the journey of sustainable agricultural development.

Accordingly, the application can quickly identify diseases and nutritional needs for the plants through a single scan. Currently, the diagnostic function can detect 22 pests and diseases on 4 types of crops i.e. coffee, pepper, durian and rice and 8 signs of nutritional deficiencies on pepper and coffee. Western Highlands Agriculture and Forestry Science Institute (WASI) has evaluated the accuracy of the AI diagnostic application at over 96%.

WESTERN HIGHLANDS AGRICULTURE AND FORESTRY SCIENCE INSTITUTE (WASI)

has evaluated the accuracy of the AI diagnostic application at over

96%

/>
Ca Mau Fertilizer plant reached production output of 11 million tons of urea

PVCFC continues to affirm its position as the leading fertilizer manufacturer and trader in Vietnam when Ca Mau Fertilizer Plant has just reached an output of 11 million tons of urea.

With the modern production line meeting EU and G7 standards, PVCFC not only produces effectively but also ensures safety, friendliness and strict compliance with environmental standards. The plant has always produced stably from 100-115% of its design capacity over the past decade.

This impressive figure is the result of endless efforts driven by the mission, responsibility and aspiration of a more sustainable and prosperous agriculture in Vietnam.

THE PLANT HAS ALWAYS PRODUCED STABLY FROM

100%-0%

of its design capacity over the past decade

Outstanding titles and
awards

In 2024, PVCFC was honored to receive numerous prestigious titles and awards, affirming its pioneering spirit and strength in the journey of serving Vietnam’s agriculture. These achievements not only mark the Company’s tireless efforts but also provide further motivation to continue building a green foundation toward a sustainable future.

Sustainability-Related Titles and Awards
No. Award Times Years
1 Most Reliable Sustainability Report 1 2024
2 Top 10 Best Corporate Governance Enterprises 2 2023, 2024
3 Enterprise Governance Beyond Compliance Award 1 2024
4 N.46 Plus Ca Mau - Top 10 products “Proud of Vietnamese Labor Intelligence” 1 2017
5 N.Humate +Te - “Proud of Vietnamese Labor Intelligence” Product 1 2016
6 Haldor Topsoe Certification - Top factories with the best operational efficiency. In 2022, Ca Mau Fertilizer was titled to be recognized among the “Top 10% of the World’s Lowest Energy-Consuming Plants.” 4 2017, 2020, 2021, 2022
7 Outstanding Enterprise for Employees 4 2016, 2017, 2023, 2024
8 National Quality Gold Award 3 2015, 2020, 2022
9 Sustainable Enterprise 1 2019
10 High-Quality Vietnamese Goods 4 2016, 2017, 2019, 2024
11 Enterprise Meeting Vietnamese Business Culture Standards 2 2021, 2022
12 Top 10 Strong Brands - Green Growth 2024 1 2024
13 Community-Oriented Enterprise 2 2023, 2024

Other Titles and Awards

Second-Class Labor Medal

(2016)

National Brand Award

(2014, 2016, 2018, 2020, 2022, 2024)

Vietnam Golden Star Award

(2014, 2016, 2018, 2024)

TOP 500 Largest Enterprises in Vietnam

(2016, 2017, 2021, 2022, 2023)

Reputable Exporting Enterprise

(2018, 2019, 2020, 2021)

Vietnam Golden Rice Ear Award

(2018)

top 10, 15
Best Annual Reports

(2016, 2017, 2021)

TOP 50 Best Listed Enterprises in Vietnam

(2021, 2022, 2023)

Outstanding Enterprise
of Ca Mau Province 2023

(2023)

TITLES AND
AWARDS IN 2024

Based on a solid foundation, PVCFC continues to affirm our great desire, towards a faster and more effective development journey. After more than 14 years serving the national agricultural industry, PVCFC’s each step has marked endless efforts to overcome challenges and create sustainable values. In 2024, PVCFC was entitled to receive notable titles and awards, demonstrating the Company’s breakthrough and innovation.

These titles and awards not only recognize PVCFC’s achievements and efforts but also empower the Company to conquer new heights, realizing our desire to drive Vietnamese agriculture to further and faster development and more outstanding achievements.

TOP 10 BEST LISTED COMPANIES

BEST CORPORATE GOVERNANCE 2024 LARGE-CAP GROUP

ENTERPRISES WITH CORPORATE GOVERNANCE

BEYOND COMPLIANCE

ENTERPRISES WITH

MOST RELIABLE

SUSTAINABILITY REPORT

CERTIFICATE FOR EXPORTING

BULK FERTILIZER TO AUSTRALIA

“ENTERPRISES FOR THE COMMUNITY"

FOR THE 3RD CONSECUTIVE YEAR

VIETNAM GOLDEN STAR AWARD

FOR THE 4TH CONSECUTIVE YEAR
TOP 10 STRONG BRAND

- GREEN GROWTH 2024

NATIONAL BRAND -

FOR THE 6th CONSECUTIVE YEAR
TOP 10

“TYPICAL ENTERPRISES FOR THE EMPLOYEES” 2024

Corporate culture

PVCFC's corporate culture is becoming increasingly well-defined and sustainable, with active contributions from employees through concrete action programs. Corporate culture is not only a measure of a professional and efficient working environment but also a key management tool that fosters unity, strength, and long-term prosperity.

With a sustainable development orientation, the implementation and development of corporate culture are given great attention and investment by the leadership. The company ensures the best conditions for all employees to participate in cultural training programs and activities, allowing PVCFC’s culture to be continuously promoted and deeply embedded. Over the past year, PVCFC culture has been continuously spread in many forms and implemented in many different activities to ensure suitability for 3 core segments: governance, production and subsidiaries PPC and KVF.

PVCFC always listens to the opinions, perspectives, and feelings of employees in order to implement more suitable adjustment solutions, maximizing the capacity of employees. Each individual is provided equal opportunities to demonstrate their own capabilities, regardless of gender, background, social status, or education level. Employees are always confident, autonomous, and have their capacity and experience fairly assessed based on the nature of the work and performance.

Maintaining the core culture and developing cultural identity are always integrated into the Company's annual plan and strategic orientation according to 4 core values: "Pioneering - Accountable - Considerate - Harmonious".

Governance Model and Management Apparatus

Board of Directors

7 members

  • 1

    Chairman

  • 1

    BOD member concurrently serving as General Director

  • 2

    Independent Directors

  • 3

    Non-executive Directors

Board’s Committees

3 Committees

  • Audit & Risk Management Committee
  • Human Capital - Remuneration Committee
  • Environmental, Social and Governance Committee

Internal Audit Division; BOD Office under BOD.

Members of Committees are BOD’s members and follow regulations specified by committees.

Executive Board

6 members

  • 1
    General Director
  • 5
    Deputy General Directors
SUPERVISORY BOARD

3 members

  • 1
    Head of Board
  • 2
    Supervisors

including 01 part time supervisor

Chief Accountant

1 member

Assisting Apparatus
  • Including10 professional & specialized divisions to assist BOD and Executive Board.
Dependent units

5 Ca Mau Fertilizer Plant; Research - Development Center; Specialized Project Management Division; Representative Office in HCMC; Representative Office in Cambodia

Subsidiary

2Subsidiaries are PetroVietnam Packaging JSC in which PVCFC holds 51.03% of charter capital and Korea-Vietnam Fertilizer CO., LTD in which PVCFC holds 100% of charter capital.