Vietnam National Oil & Gas Group

PetroVietnam Camau Fertilizer JSC

CÔNG TY CỔ PHẦN PHÂN BÓN DẦU KHÍ CÀ MAU

Economic information

DcM STOCKS

Stock prices have a lag of about 5 seconds. The source:CafeF.

Overview

Trading name

Petrovietnam Camau fertilizer joint stock company

Trading code

DCM

Charter capital

5.294 Billion VND

Number of listed shares

529.400.000 shares


ANNUAL REPORT ONLINE 2024

ANNUAL REPORT ONLINE 2023

ANNUAL REPORT ONLINE 2022

INVESTOR RELATIONS

Contact: Do Thanh Hung

02903819000_ext 570 Mobile: 0913897704

ir@pvcfc.com.vn

sort

ACGS 2024

Level 1
A: Rights and Equitable Treatment of Shareholders
No. Question Quote Evidence Response
A Rights and Equitable Treatment of Shareholders 30/30
A.1 Basic Shareholder Rights 1/1
A.1.1 Does the company pay (interim and final/annual) dividends in an equitable and timely manner; that is, all shareholders are treated equally and paid within 30 days after being (i) declared for interim dividends and (ii) approved by shareholders at general meetings for final dividends? In case the company has offered Scrip dividend, did the company paid the dividend within 60 days.

Yes. The dividend is paid within 30 days from the date of declaration.

Dividend payment for 2024 is declared on 17 June 2025 (after the date AGM approved the dividend  01 days) as per information disclosure dated 17 June. 

The actual payment was made by 15 July 2025. 

1. Decision on payment of 2024 cash dividend 

YES 
A.2 Right to participate effectively in and vote in general shareholder meetings and should be informed of the rules, including voting procedures, that govern general shareholder meetings. 15/15 
A.2.1 Do shareholders have the opportunity, evidenced by an agenda item, to approve remuneration (fees, allowances, benefit-in-kind and other emoluments) or any increases in remuneration for the non-executive directors/commissioners?

Article 14 Rights and obligations of the General Meeting of Shareholders regulates this content.

In the agenda of the 2024 and 2025 AGM, this is one of the contents that needs to be voted and approved by the General Meeting of Shareholders.The 2025 and adhoc 2024 AGM regulations allow shareholders to vote online. Please see the regulation for 2025 AGM.

1. Charter of PVCFC

 

2. 2025 AGM regulation

YES
A.2.2 Does the company provide non-controlling shareholders a right to nominate candidates for board of directors/commissioners?

Article 11 of the Charter allow "A shareholder or a group of shareholders holding at least ten percent (10%) of the total number of ordinary shares have the right to nominate a candidate to the Board of Directors or Board of Supervisors when the Company adds or replaces personnel to the Board of Directors, the Board of Supervisors"
(Clause 3, page 10)

Charter of PVCFC YES
A.2.3 Does the company allow shareholders to elect directors/commissioners individually?

At the Extraordinary General Meeting of Shareholders on January 10, 2024, and the 2025 Annual General Meeting of Shareholders, each member of the Board of Directors was elected through separate voting, and the results were announced individually.

1. Minutes of EGM 2024

2. Minutes of EGM 2025

YES
A.2.4 Does the company disclose the voting procedures used before the start of meeting?

Articles 12 and 13 of the 2024 General Meeting of Shareholders Regulations outline the voting procedures
(As published in the Meeting Materials of the General Meeting of Shareholders at least 45 days prior to the meeting date)
Pages 9-10

AGM 2024

YES 
A.2.5 Do the minutes of the most recent AGM record that the shareholders were given the opportunity to ask questions and the questions raised by shareholders and answers given recorded?

All shareholder questions were fully addressed and restated in the Appendix to the Minutes of the AGM

1. Minutes of AGM 2024

2. Minutes of AGM 2025 

YES
A.2.6 Does the company disclose the voting results including approving, dissenting, and abstaining votes for all resolutions/each agenda item for the most recent AGM?

The company disclosed the voting results including approving, dissenting, and abstaining votes for all resolutions/each agenda item for the most recent AGM in Minutes of vote counting and Minutes of AGM

Minutes of AGM 2025

YES
A.2.7 Does the company disclose the list of board members who attended the most recent AGM? Board of Directors: all 07/07 members of the Board of Directors (BOD) attended, including:
1/ Mr. Tran Ngoc Nguyen Chairman of Board of Directors (BOD);
2/ Mr.Van Tien Thanh Member of BOD and General Director;
3/ Mr. Nguyen Duc Thuan Member of BOD;
4/ Mr. Nguyen Duc Hanh Member of BOD;
5/ Mr. Le Duc Quang Member of BOD;
6/ Mrs. Do Thi Hoa Independent member of BOD;
7/ Mr. Truong Hong Independent member of BOD.
(Chapter B, Article 1 - Minutes of the 2025 Annual General Meeting of Shareholders )

Minutes of AGM 2025

YES
A.2.8 Does the company disclose that all board members and the CEO (if he is not a board member) attended the most recent AGM?

'Board of Directors: all 07/07 members of the Board of Directors (BOD) attended, including:
1/ Mr. Tran Ngoc Nguyen Chairman of Board of Directors (BOD);
2/ Mr.Van Tien Thanh Member of BOD and General Director;
3/ Mr. Nguyen Duc Thuan Member of BOD;
4/ Mr. Nguyen Duc Hanh Member of BOD;
5/ Mr. Le Duc Quang Member of BOD;
6/ Mrs. Do Thi Hoa Independent member of BOD;
7/ Mr. Truong Hong Independent member of BOD.
(Chapter B, Article 1 - Minutes of the 2025 Annual General Meeting of Shareholders)

Minutes of AGM 2025

YES
A.2.9 Does the company allow voting in absentia?

Article 4 of the Regulation on organization of 2025 AGM allows the absentia to vote. (page 2)

Documents for the 2025 AGM

YES
A.2.10 Did the company vote by poll (as opposed to by show of hands) for all resolutions at the most recent AGM?

The 2025 General Meetings of Shareholders were conducted with electronic voting.

 Documents for the 2025 AGM

 

YES 
A.2.11 Does the company disclose that it has appointed an independent party (scrutineers/inspectors) to count and/or validate the votes at the AGM? The Company hired an independent organization - Bvote Vietnam Joint Stock Company - to conduct the vote counting via electronic voting. The Vote Counting Committee introduced by the Presidium includes the vote counting team and the vote counting supervision team, specifically as follows:
1. Vote Counting Team:
- Ms. Tran Thi Kim Duyen - Representative of Bvote Vietnam Joint Stock Company, 21 Le Duc Tho, Nam Tu Liem District, Hanoi City (an independent party responsible for vote counting and validation): Head of the Committee;
- Ms. Nguyen Thi Chuyen - Minority shareholder, shareholder code DCM07687, holding 1,005 shares, ownership ratio 0.00019% % (Ca Mau area): Member, Secretary of the Vote Counting Committee;
- Mr. Chau Vinh Buol - Minority shareholder, shareholder code DCM00699, holding 5,003 shares, ownership ratio 0.000945% (Ca Mau area): Member.
2. Vote Counting Supervision Team:
- Mr. Vo Minh Phuc - Minority shareholder, shareholder code DCM13104, holding 1,500 shares, ownership ratio 0.000283% (Bac Lieu area): Member;
- Mr. Nguyen Van Tu - Minority shareholder, shareholder code DCM06298, holding 10,000 shares, ownership ratio 0.00188% (Ca Mau area): Member.
(Chapter C, Article 4 - Minutes of the 2025 Annual General Meeting of Shareholders)

Minutes of AGM 2025


 

YES 
A.2.12 Does the company make publicly available by the next working day the result of the votes taken during the most recent AGM/EGM for all resolutions? The 2025 Annual General Meeting of Shareholders of PetroVietnam Ca Mau Fertilizer Joint Stock Company conducted by combining traditional meeting (in-person) with online participation and Electronic voting was concluded at 12:15 PM on June 16th 2025.
The meeting minutes were announced on June 17, 2025 (one day after the General Meeting of Shareholders took place)

Minutes and resolutions of AGM 2025

YES
A.2.13 Does the company provide at least 21 days notice for all AGMs and EGMs?

Yes, it's required by the charter as minimum.

In fact, the AGM 2025 was notified to the shareholders on 12/5/2025, 35 days before the AGM date (16 June 2025).

Notice of AGM 2025 YES
A.2.14 Does the company provide the rationale and explanation for each agenda item which require shareholders’ approval in the notice of AGM/circulars and/or the accompanying statement? Yes, for each agenda item of AGM, the Company provided supporting documents as part of the invitation.
The agenda of the AGM is structured according to the priority of the agenda items which allow the AGM focus their times for more priority item first.

1. Documents for the 2025 AGM

 

2. Documents for the 2025 AGM

YES
A.2.15 Does the company give the opportunity for shareholders to place item/s on the agenda of general meetings and/or to request for general meetings subject to a certain percentage?

Yes, the AGM minutes stated that the chairman asked shareholders to provide opinion about the AGM agenda and seek for approval of agenda.
The Notice of Organization of 2025 AGM noted: Shareholders who have any comments or suggestions regarding the contents of the General Meeting or the Company’s business operations before the date of the Meeting are kindly requested to send them via email to ir@pvcfc.com.vn.

1. Minutes and resolutions of AGM 2025

 

2. Notice of AGM 2025

YES 
A.3 Markets for corporate control should be allowed to function in an efficient and transparent manner 1/1
A.3.1 In cases of mergers, acquisitions and/or takeovers requiring shareholders' approval, does the board of directors/commissioners of the company appoint an independent party to evaluate the fairness of the transaction price?

In 2024, there were no mergers/acquisitions/ takeovers that need to be approved by the GMS. (page 194 - Annual report 2024)

Annual report 2024  N/A
A.4 The exercise of ownership rights by all shareholders, including institutional investors, should be facilitated. 1/1
A.4.1 Does the company disclose its practices to encourage shareholders to engage with the company beyond general meetings?

Page 191 - Annual report 2024 
- In addition to the meetings of the GMS, the Company has held many meetings with investors in forms of individual or collective to create conditions for shareholders, investors and analysts to grasp and exchange information about the Company’s production and business.
- In 2024, to timely update information on production and business activities, the Company organized an official meeting with shareholders, investors and analysis units on December 23, 2024. This meeting was widely announced on the Company’s website.
- The Company has also organized meetings and discussion with investors and analysts with smaller scale to provide information upon their request.
- Updating periodic announcements/newsletters on the Company’s production and business via electronic information portal.
- The Company discloses all information in both Vietnamese and English to ensure the most convenient for foreign shareholders and investors in updating information.

1. Annual Report 2024


2. May investor update

YES 
A.5 Shares and voting rights 1/1
A.5.1 Where the company has more than one class of shares, does the company publicise the voting rights attached to each class of shares (e.g. through the company website / reports/ the stock exchange/ the regulator's website)?

Yes, this is done according to the Enterprise Law and Charter.
The company currently has only one type of stock, common stock.

Charter of PVCFC

YES
A.6 Notice of AGM 5/5
A.6.1 Does each of the resolutions tabled at the most recent annual general meeting deal with only one item, i.e., there is no bundling of several items into the same resolution?

Yes, please see the AGM minutes and resolution.
PVCFC shall issue a general resolution and each separate resolution. (approved contents, AGM 2025)

1. Minutes and resolutions of AGM 2025

 

https://www.pvcfc.com.vn/en-US/investor-relations/shareholders-meeting/2025-en/agm-2025

YES
A.6.2 Are the company's notice of the most recent AGM/circulars fully translated into English and published on the same date as the local-language version? PVCFC's notice of the most recent AGM fully translated into English and are published on the same date as the local-language version 1. Minutes and resolutions of AGM 2025

 

https://www.pvcfc.com.vn/en-US/investor-relations/shareholders-meeting/2025-en/agm-2025

YES
  Does the notice of AGM/circulars have the following details:  
A.6.3 Are the profiles of directors/commissioners ( at least age, academic qualification, date of first appointment, experience, and directorships in other listed companies) in seeking election/re-election included? In the latest Shareholder meetings which contain the election/re-election of directors, profile of the candidate are included in the meeting documents. Please see the AGM documents 2025 for more details. Documents for the 2025 AGM YES
A.6.4 Are the auditors seeking appointment/re-appointment clearly identified? In the 2025 Annual General Meeting of Shareholders Documents, the section “Proposal for the Selection of Independent Auditor for the 2025 Financial Statements” (page 54) clearly specifies the list of auditing firms submitted to the AGM for authorizing the Board of Directors (BOD) to make the final selection, including:
1. Deloitte Vietnam Company Limited
2. KPMG Company Limited (Vietnam)
3. Ernst & Young Vietnam Company Limited
4. PwC (Vietnam) Company Limited

Documents for the 2025 AGM

YES 
A.6.5 Were the proxy documents made easily available? PVCFC disclosed the Form of Attorney through PVCFC's Website which is easily accessible for shareholders. The company also provided guidance on how to fill the form in the documents sent to shareholders before AGM Form of Attorney YES
A.7 Insider trading and abusive self-dealing should be prohibited 1/1
A.7.1 Are the directors / commissioners required to report their dealings in company shares within 3 business days? Charter (article 42, clause 8) and Regulation on Information Disclosure (Article 20, Clause 6) stated that:
Within 03 business days as of receiving reports related to securities transactions of insiders and related persons in accordance with this Article, PVCFC shall publish them on the Company's website.

1. Charter of PVCFC

 

2. Regulation on information disclosure

YES
A.8 Related party transactions by directors and key executives 3/3
A.8.1 Does the company have a policy requiring a committee of independent directors/commissioners to review material RPTs to determine whether they are in the best interests of the company and shareholders?

PVCFC's disclosed in its Annual Report FY 2024, Page 194 as follow:
Audit and Risk Management Committee together with the Supervisory Board have reviewed PVCFC’s transactions with related parties and reviewed quarterly, interim and annual financial statements to ensure that all transactions are conducted and disclosed in accordance with the applicable regulations and bring the best benefits to the Company and shareholders.

Also article 10 (clause 3, point c) of the Audit Committee Charter requires the Committee to review the related party transactions

Article 12 of the Regulations on monitoring conflicts of interest and related person transactions also has this policy

1. Annual Report 2024


2. Charter of PVCFC


3. Regulations on minitoring conflicts of interest and related person transactions 

YES
A.8.2 Does the company have a policy requiring board members (directors/commissioners) to abstain from participating in the board discussion on a particular agenda when they are conflicted?

At Point c, Article 9.3 of the Regulation on Managing Conflict of Interest and Related Party transactions requires:  "Members of BOD with related interests to the parties in contracts and transactions shall not have the right to vote”.

2. Regulations on minitoring conflicts of interest and related person transactions

YES
A.8.3 Does the company have policies on loans to directors and commissioners either forbidding this practice or ensuring that they are being conducted at arm's length basis and at market rates?

PVCFC's disclosed in its Annual Report FY 2024, Page 194 as follow:
PVCFC’s financial management regulations: The Company does not lend to individuals who are employees of the Company (including BOD/EB members and employees). Implementation result: PVCFC does not lend to individuals in accordance with regulations.

And in Article 16 (Clause 1, point c) of Financial management regulations stipulates: It is strictly forbidden to use the Company’s funds to lend to individuals ororganizations for purposes unrelated to the Company’s business activities. 

Also, Article 5 (Clause 1, point c) of the Regulation on Managing Conflict of Interest and Related Party transactions requires: Members of the Board of Directors, General Director, Deputy General Director,and Chief Accountant of PVCFC are responsible for assessing the possibility of conflicts of interest as well as their respective materiality level before approving transactions and business activities in an honest, careful, fair, and reasonable manner to ensure maximum legal benefits for PVCFC in all situations.

1. Annual report 2024


2. Regulations on minitoring conflicts of interest and related person transactions


3. Financial management Regulation

 

YES
A.9 Protecting minority shareholders from abusive actions 2/2
A.9.1 Does the company disclose that RPTs are conducted in such a way to ensure that they are fair and at arms' length?

PVCFC disclosed the Management of transactions with related parties in Annual Report 2024, page 231: the Audit and Risk Management Committee (including 100% of nonexecutive BOD members) is responsible for reviewing and monitoring transactions with related parties and related members are not allowed to participate in evaluating/approving these transactions.

PVCFC disclosed the Transactions with related parties in Annual Report 2024, Page 194: In the recent 3 years (since the establishment of Audit and Risk Management Committee in August 2021), there has been no transaction not complying with the laws, rules and regulations on significant or material transactions with related parties. All transactions with related parties are conducted through competitive bidding, ensuring fairness, openness and transparency according to the market prices.

In addition, PVCFC also disclosed the Regulation on monitoring conflicts of interest and related person transactions.

1. Annual report 2024

 

2. Regulations on minitoring conflicts of interest and related person transactions 

YES
A.9.2 In case of related party transactions requiring shareholders' approval, is the decision made by disinterested shareholders? PVCFC disclosed the Management of transactions with related parties in Annual Report 2024, page 231: the Audit and Risk Management Committee (including 100% of nonexecutive BOD members) is responsible for reviewing and monitoring transactions with related parties and related members are not allowed to participate in evaluating/approving these transactions.
PVCFC also disclosed the Regulation on monitoring conflicts of interest and related person transactions at page 15 that Members of the Board of Directors who have interests related to the parties in the contract or transaction do not have the right to vote.

 1. Annual report 2024

2. Regulations on minitoring conflicts of interest and related person transactions 

YES 
B: Sustainability and Resilience
No. Question Quote Evidence
Response
B Sustainability and Resilience 22/22
B.1 Sustainability-related disclosure should be consistent, comparable and reliable, and include retrospective and forward-looking material information that a reasonable investor would consider important in making an investment or voting decision   6/6
Material Sustainability-related information should be specified  
B.1.1 Does the company identify/report ESG topics that are material to the organization’s strategy?  PVCFC has identified key ESG issues (including impacts and responsive actions) that affect the Company’s business operations. (Page 266 - Annual Report 2024) Annual Report 2024 YES
B.1.2 Does the company identify climate change as an issue?

Page 276 of the Annual report 2024 stated that climate change is a material issues.

Annual Report 2024
YES
B.1.3 Does the company adopt an internationally recognized reporting framework or standard for sustainability (i.e. GRI, Integrated Reporting, SASB, IFRS Sustainability Disclosure Standards)? Sustainability Report of PVCFC are prepared with reference to:
- 2021 Global Reporting Initiative (GRI) Standards.
- Sustainability Accounting Standards Board (SASB) Standards applied to chemical sector (RT-CH).
(Page 248 - Annual report 2024)
Annual Report 2024
YES
If a company publicly sets a sustainability-related goal or target, the disclosure framework should provide that reliable metrics are regularly disclosed in an easily accessible form   
B.1.4 Does the company disclose quantitative sustainability target? Page 165 of the Annual report 2024 mentioned that: Directing operation and production of fertilizer products in a safe and stable manner, improving and optimizing productivity and enhancing cost efficiency with cost consumption reduced by 5% compared to 2022 by the end of 2025. By 2030, greenhouse gas emission intensity per ton of urea will be reduced by 1% compared to 2024, assuming the Plant is supplied with stable gas and emission reduction solutions are researched and implemented. Annual Report 2024
YES
B.1.5 Does the company disclose sustainability-related performance progress in relation to its previously set targets? Activities related to the Sustainable Development Targets are presented in the Energy section - page 196, Sustainability Report 2024. Sustainability report 2024
YES
B.1.6 Does the company confirm that its Sustainability Report / Reporting is reviewed and /or approved by the Board or Board Committee?  In 2024, ESG Committee discussed and got an agreement on the contents related to the functions of ESG Committee "Reviewing and proposing approval on 2023 Sustainability Report" (page 185 - Annual report 2024)  Annual Report 2024 YES
B.2 Corporate governance frameworks should allow for dialogue between a company, its shareholders and stakeholders to exchange views on sustainability matters 2/2
B.2.1 Does the company engage internal stakeholders to exchange views and gather feedback on sustainability matters that are material to the business of the company?

PVCFC engages with internal stakeholders (e.g., employees) through various methods: issuing the Collective Labor Agreement; establishing organizations such as the Trade Union, Veterans' Association, Youth Union, Committee for the Advancement of Women, etc.; and gathering feedback via emails, survey reports, and other channels.
(page 62 - Stakeholders Engagement - Sustainability Report 2024)

Sustainability report 2024

YES
B.2.1 Does the company engage external stakeholders to exchange views and gather feedback on sustainability matters that are material to the business of the company? PVCFC engages with external stakeholders through various methods, such as farmer and distributor workshops, investor meetings, and digital platforms. The Company also operates applications like the “2Nong - Agricultural Connection” app (2nong.vn), which provides market and crop season information, agricultural input prices, cultivation and fertilization guidance, purchasing instructions, and customer care services.
(page 62 - Stakeholders Engagement - Sustainability Report 2024)

Sustainability report 2024

YES
B.3 The corporate governance framework should ensure that boards adequately consider material sustainability risks and opportunities when fulfilling their key functions in reviewing, monitoring and guiding governance practices, disclosure, strategy, risk management and internal control systems, including with respect to climate-related physical and transition risks 1/1
Boards should assess whether the company’s capital structure is compatible with its strategic goals and its associated risk appetite to ensure it is resilient to different scenarios   
B.3.1 Does the company disclose that the board reviews on an annual basis that the company's capital and debt structure is compatible with its strategic goals and its associated risk appetite?

- Regarding policies:
The Company uses capital sources appropriately and effectively, especially in using capital for long-term purposes to ensure that the capital structure is always in safety for the Company’s sustainable operations. BOD annually evaluates PVCFC’s capital structure to ensure that it is consistent with the Company’s longterm business strategy as well as the risk appetite that the Company has determined
 - Regarding practices: 
BOD always follows up the economic developments to have right choices to optimize shareholders’ interests on the principle of ensuring a safe capital structure, optimizing capital costs, and limiting financial risks
(Page 194-195 - Annual Report 2024)


Annual Report 2024
YES
B.4 The corporate governance framework should recognise the rights of stakeholders established by law or through mutual agreements and encourage active co- operation between corporations and stakeholders in creating wealth, jobs, and the sustainability of financially sound enterprises. 7/7
Does the company disclose a policy and practices that address:   
B.4.1 The existence and scope of the company's efforts to address customers' welfare? PVCFC has described the policies and actions implemented to protect customer rights (pages 66-67, Sustainability Report 2024). Sustainability report 2024
 YES
B.4.2 Supplier/contractor selection procedures? In the supplier capability assessment process, we apply the following criteria:
- Commitment to comply with safety and environmental protection regulations
- Number of violations of government regulations related to child labor
- Number of violations of government regulations on the environment
To ensure that partners not only meet product quality requirements but
also demonstrate responsibility toward the environment and society.
(pages 129, Sustainability Report 2024).
Sustainability report 2024  YES 
B.4.3 The company's efforts to ensure that its value chain is environmentally friendly or is consistent with promoting sustainable development?

The impacts of PVCFC’s business operations on environmental and social issues extend beyond activities within the factory premises.
We are aware of the environmental and social impacts resulting from the production and supply of raw materials, chemicals, and
services essential to our business operations. Therefore, in our supplier selection process, we require and only choose entities that comply with legal requirements concerning environmental and social standards. 
Detailed analysis is provided in Chapter 4 - Building a Sustainable Supply Chain (from page 128).

Sustainability report 2024  

 

YES
B.4.4 The company's efforts to interact with the communities in which they operate? In 2024 Annual Report, PVCFC emphasized: "On the journey of value creation, in addition to the goal of revenue and profit growth, PVCFC constantly strives to ensure corporate responsibility on two main foundations which are contributing to society and preserving the environment to build sustainable values."
For further details on the Company’s actions and efforts in community engagement, please refer to the 2024 Sustainability Report.

1. Annual Report 2024

2. Sustainability report 2024

YES
B.4.5 The company's anti-corruption programmes and procedures? The Company’s Code of Conduct, Article 17. Anti-corruption and bribery clearly states “PVCFC’s success is based on the product and service quality, not based on illegal actions or unethical conduct. PVCFC does not tolerate acts of corruption or bribery”. Whistle blowing System is one of the most effective channels for the Company to receive initial reports/warnings
about corruption. 
By the end of 2024, 100% of employees have been trained in anti-corruption and bribery under 3 forms i.e. workshop, online and face-to-face. PVCFC always focuses on business ethics; therefore, the compliance with the rules is disseminated and reminded regularly through training programs, culture building, teambuilding and other activities. Regularly reminding and training ensure that the Company’s employees comply with the antibribery and anti-corruption policy. 
PVCFC has established a Whistleblowing System, complete with regulations and procedure for reporting misconduct.

1. Annual report 2024

 

2. Code of Business conduct

 

3. Whistleblowing procedure

YES
B.4.6 How creditors' rights are safeguarded?

Policies: PVCFC respects the legitimate interests of its creditors and commits to ensuring that these legal rights are protected. (Article 2, resolution 2407)
Practices: (page 195, Annual report 2024)
- In 2024, the Company got loans from Vietcombank and Vietinbank with a total value of VND 6,755 billion and made principal and interest payment on schedule.
- PVCFC has a high credit score since the Company always pays its loans on time. Credit institutions are also willing to offer loans with preferential interest rates.
- For PVCFC’s subsidiaries, loans are always paid on time and ensure benefit of credit institutions with high-quality collaterals (machinery and property).

1. Resolution 2407

 

 

2. Annual report 2024

YES
B.4.7 Does the company have a separate report/section that discusses its efforts on environment/economy and social issues? The Company has disclosed a separate 2024 Sustainability Report

 Sustainability report 2024

YES
B.5 Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights 1/1
B.5.1 Does the company provide contact details via the company's website or Annual Report which stakeholders (e.g. customers, suppliers, general public etc.) can use to voice their concerns and/or complaints for possible violation of their rights?  Yes, please see home page in PVCFC website. Also see page 15 of the Annual Report 2024
The company has also announced the whistleblowing procedures on website.

1. Annual Report 2024

 

2. Whistleblowing procedures

YES 
B.6 Mechanisms for employee participation should be permitted to develop. 3/3
B.6.1 Does the company explicitly disclose the policies and practices on health, safety and welfare for its employees?  Chapter 4: "Occupational health and safety of emplyees", "Employee benefits" 
(Page 132-137 of the Sustainability report 2024)
 Sustainability report 2024 YES
B.6.2 Does the company explicitly disclose the policies and practices on training and development programmes for its employees? PVCFC focuses on training and improving the management, professional and technical skills for all employees. (page 148, Annual report 2024)
Pratices: Chapter 4. "Training and development" - Page 140, Sustainability report 2024

1. Annual Report 2024

2. Sustainability report 2024

YES 
B.6.3 Does the company have a reward/compensation policy that accounts for the performance of the company beyond short-term financial measures? The salary and bonus policy for employees not only depends on the Company’s business results in the year but also based on efficiency/level of job satisfaction, compliance issues with regulations related to ethics and other internal processes. PVCFC also reviews other long-term factors such as past performance/compliance assessment results to consider the salary and bonus. When the Company has profits or profits exceeding the plan, a part is deducted as a reward fund and spent in the following years.
(page 130, Annual report 2024)
 Annual Report 2024 YES 
B.7 Stakeholders including inpidual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this. 2/2
B.7.1 Does the company have a whistle blowing policy which includes procedures for complaints by employees and other stakeholders concerning alleged illegal and unethical behaviour and provide contact details via the company's website or annual report The Company has promulgated and disclosed on its official website the following documents:
– Whistleblowing Regulation
– Whistleblowing Procedure

1. Regulations on Whistleblowing

 

2. Whistleblowing procedure

YES
B.7.2 Does the company have a policy or procedures to protect an employee/person who reveals alleged illegal/unethical behaviour from retaliation?

BOD has issued Whistle blowing Policy since February 2023 (which was then revised in Resolution No. 3900/NQ-PVCFC dated December 20, 2024) to promptly detect and adjust behaviors, enhance the sense of responsibility of employees and encourage them to be proactive and confident in providing feedback to managers, thereby increasing management and business efficiency as well as protecting and promoting PVCFC’s reputation. (page 193, Annual report 2024)

Details on whistleblower protection against retaliation can be found in the  Regulations on Whistleblowing.

1. Annual report 2024

 

2. Regulations on Whistleblowing

YES 
C: Disclosure and Transparency
No. Question Quote Evidence Response
C Disclosure and Transparency
33/33
C.1 Transparent ownership structure
5/5
C.1.1 Does the information on shareholdings reveal the identity of beneficial owners, holding 5% shareholding or more?

Yes. Page 137 of the annual report 2024. 

Annual Report 2024 YES
C.1.2 Does the company disclose the direct and indirect (deemed) shareholdings of major and/or substantial shareholders?

Yes. Page 137 of the annual report 2024. 

Annual Report 2024  YES
C.1.3 Does the company disclose the direct and indirect (deemed) shareholdings of directors (commissioners)? Yes. Page 172-173 of the annual report 2024.   Annual Report 2024 YES
C.1.4 Does the company disclose the direct and indirect (deemed) shareholdings of senior management? Yes. Page 124 of the annual report 2024.   Annual Report 2024 YES
C.1.5 Does the company disclose details of the parent/holding company, subsidiaries, associates, joint ventures and special purpose enterprises/ vehicles (SPEs)/ (SPVs)? Details on subsidiaries (PPC, KVF), including ownership percentages, are disclosed on pages 66-67 of the 2024 Annual Report.  Annual Report 2024 YES
C.2 Quality of Annual Report
6/6
Does the company's annual
C.2.1 Corporate objectives Yes, page 104-107 of the annual report 2024. 

 Annual Report 2024

YES
C.2.2 Financial performance indicators Yes, page 111 of the annual report 2024. 

 Annual Report 2024

YES
C.2.3 Non-financial performance indicators Yes, the trend of employee turnover was reported on page 128 of the 2024 Annual Report. Specifically, the total number of employee resignations in 2024 decreased by 19.05% compared to the same period in 2023.

 Annual Report 2024

YES
C.2.4 Dividend policy The Annual Report presented the Company’s dividend policy and projected a 10% cash dividend payout for shareholders in 2025
(Page 191 -  Annual Report 2024).
Meanwhile, the 2025 General Meeting of Shareholders approved a 20% cash dividend payout for 2024.

1. Annual Report 2024

2. Resolutions of AGM 2024

YES
C.2.5 Biographical details (at least age, academic qualifications, date of first appointment, relevant experience, and any other directorships of listed companies) of all directors/commissioners

Please refer to pages 68-71 of the Annual Report 2024 for detailed information

 Annual Report 2024

YES
Corporate Governance Confirmation Statement  
C.2.6 Does the Annual Report contain a statement confirming the company's full compliance with the code of corporate governance and where there is non- compliance, identify and explain reasons for each such issue?

Page 168 of the Annual report 2024.

PVCFC commits to comply with corporate governance regulations in Vietnam and aims to comply with the good practices introduced in the 2023 ASEAN Corporate Governance Scorecard. In 2024, PVCFC fully complied with the regulations on corporate governance in Vietnam. The Company’s governance activities are stipulated in the Charter and the Internal Regulations on Corporate Governance

Annual Report 2024  YES
C.3 Remuneration of Members of the Board and Key Executives
4/4
C.3.1 Is there disclosure of the fee structure for non-executive directors/commissioners?

PVCFC has disclosed fee structure, including Salary, remuneration and benefits of each non-executive BOD member through Annual Report 2024, Page 228-229.

Annual Report 2024 YES
C.3.2 Does the company publicly disclose [i.e. annual report or other publicly disclosed documents] details of remuneration of each non-executive director/commissioner?

PVCFC has disclosed details of remuneration, including Salary, remuneration and benefits of each non-executive BOD member through  through Annual Report 2024, Page 228-229.

Annual Report 2024 YES
C.3.3 Does the company disclose its remuneration (fees, allowances, benefit-in-kind and other emoluments) policy/practices (i.e. the use of short term and long term incentives and performance measures) for its executive directors and CEO? - For General Director and members of the Executive Board, remuneration and bonus are taken into account sustainable development factors (To be specific, the 2024 assessment is adhered to the Company’s compliance with legal regulations on environment and society and the effectiveness of implementing ESG - Sustainable Development strategic orientations).
- The weights used as the basis for calculating salaries and bonuses are as follows: (1) Excellent performance: 1.20; (2) Performance: 1.00; (3) No
performance: Salary: 0.80 and Bonus: 0.00.
(page 228 Annual report 2024) 
Annual Report 2024 YES
C.3.4 Does the company publicly disclose [i.e. annual report or other publicly disclosed documents] the details of remuneration of each of the executive directors and CEO [if he/she is not a member of the Board]?

Yes, please see page 229 of the Annual report 2024. The CEO is also a board member.

Annual Report 2024 YES
C.4 Disclosure of related party transactions (RPT)
2/2
C.4.1 Does the company disclose its policy covering the review and approval of material RPTs? Yes, the company has a separate policy to manage related party transaction (Regulations on minitoring conflicts of interest and related person transactions). Also in the Annual report 2024, the company disclosed how they manage conflict of interest including related party transaction on page 194&231.

1. Annual Report 2024

 

2. Regulations on minitoring conflicts of interest and related person transactions

YES
C.4.2 Does the company disclose the name, relationship, nature and value for each material RPTs? Page 231 of the Annual report 2024 disclosed the details of related party transactions during the year. Annual Report 2024  YES
C.5 Directors and commissioners dealings in shares of the company
1/1
C.5.1 Does the company disclose trading in the company's shares by insiders? The Company, in 2024, received no information about other insider trading (page 230 Annual report 2024) Annual Report 2024 YES
C.6 Mechanisms for employee participation should be permitted to develop.
2/2
Where the same audit firm is engaged for both audit and non-audit services   
C.6.1 Are the audit and non-audit fees disclosed?

PVCFC has disclosed the audit and non-audit fees through Annual Report  2024, Page 183.

 Annual Report 2024 YES
C.6.2 Does the non-audit fee exceed the audit fees?

Non-audit fee does not exceed the audit fees (Annual Report  2024, Page 183).

 Annual Report 2024 YES
C.7 Medium of communications
4/4
  Does the company use the following modes of communication?   
C.7.1 Quarterly reporting The company published it’s quarterly financial report on website


Financial report

YES
C.7.2 Company website

PVCFC has set up company website

Website YES
C.7.3 Analyst's briefing

Yes, the company has disclosed the periodical analysis of Securities Company.

In addition, the company also published its monthly operational update for investors/shareholders

Link

Link

YES
C.7.4 Media briefings /press conferences

Yes, the company has disclosed the periodical analysis of Securities Company.

In addition, the company also published its monthly operational update for investors/shareholders

PVCFC also quoted the media coverage on the company in the website

Link

Link

Link

YES
C.8 Timely filing/release of annual/financial reports
3/3
C.8.1 Are the audited annual financial report / statement released within 120 days from the financial year end? PVCFC has disclosed the audited annual financial report 59 days from the financial year end.
PVCFC's financial year end at 31/12 annually
PVCFC has disclosed its Audited Annual Financial report FY 2024 on 28/02/2025

Audited consolidated financial statements 2024

YES
C.8.2 Is the annual report released within 120 days from the financial year end? PVCFC has disclosed the Annual report within 79 days from the financial year end.
PVCFC's financial year end at 31/12 annually
PVCFC has disclosed its Annual Report FY 2023 on 19/03/2025

 Annual Report 2024

YES
C.8.3 Is the true and fairness/fair representation of the annual financial statement/reports affirmed by the board of directors/commissioners and/or the relevant officers of the company?

PVCFC's BOD has affirmed the true and fairness representation of the annual financial report FY 2024.
The Executive Board is responsible for ensuring that proper accounting records are kept, which disclose, with reasonable accuracy at any time, the consolidated financial position of the Company and that the consolidated
financial statements comply with Vietnamese Accounting Standards, accounting regime for enterprises and legal regulations relating to consolidated financial reporting. The Executive Board is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of frauds and other irregularities.
The Executive Board confirms that the Company has complied with the above requirements in preparing these consolidated financial statements.

Audited consolidated financial statements 2024  YES
C.9 Company website
6/6
Does the company have a website disclosing up-to-date information on the following:   
C.9.1 Financial statements/reports (latest quarterly)

PVCFC has disclosed the latest quarterly financial report for the 1st quarter of year 2025

Q1.2025 Consolidated Financial Statements YES
C.9.2 Materials provided in briefings to analysts and media

Yes, the company has disclosed the periodical analysis of Securities Company.

In addition, the company also published its monthly operational update for investors/shareholders

1. Research-analyst

2. Other-information-disclosures

YES
C.9.3 Downloadable annual report

PVCFC has disclosed the Downloadable Annual Report 2024 through PVCFC's Website

Annual Report 2024 YES
C.9.4 Notice of AGM and/or EGM

PVCFC has disclosed the notice and documents for AGM 2025 separately well before the meeting

Shareholders' meeting YES
C.9.5 Minutes of AGM and/or EGM The minutes of the AGM/EGM are fully disclosed on the Company's website under the section “Shareholders' meeting” Shareholders' meeting YES
C.9.6 Company's constitution (company's by-laws, memorandum and articles of association) Company charter is published on website Charter of PVCFC YES
C.10 Investor relations
1/1
C.10.1 Does the company disclose the contact details (e.g. telephone, fax, and email) of the officer / office responsible for investor relations?

PVCFC has disclosed the contact details for investor relations through PVCFC's Website
Investor Relations
Contact: Do Thanh Hung
02903819000_ext 570 
Mobile: 0913897704
ir@pvcfc.com.vn

This is also disclosed in page 21 of the Annual Report 2024

Website

Annual Report 2024

YES
D: Responsibilities of the Board
No. Question Quote
Evidence Response
D Responsibilities of the Board
61/63
D.1 Board Duties and Responsibilities
6/6
  Clearly defined board responsibilities and corporate governance policy   
D.1.1 Does the company disclose its corporate governance policy / board charter? PVCFC has disclosed its Internal Regulation on Governance on PVCFC's Website
PVCFC has also disclosed its Regulation on operation of the board of directors

1. Regulation on operation of the BOD

 

2. Internal regulations of governance

YES
D.1.2 Are the types of decisions requiring board of directors/commissioners' approval disclosed ? The rights and responsibilities of the Board of Directors are clearly defined in Article 12 of the Regulation on operation of the BOD and Article 26 of the Company’s Charter.

1. Charter of PVCFC

 

2. Regulation on operation of the BOD

YES
D.1.3 Are the roles and responsibilities of the board of directors/commissioners clearly stated ? PVCFC has also disclosed the Field of responsibility for each BOD member through Annual Report 2024, Page 188-189 Annual Report 2024 YES
  Corporate Vision/Mission   
D.1.4 Does the company have an updated vision and mission statement? In 2024, BOD effectively oversaw production, business, research and development activities to launch new fertilizer products in line with the Company’s Strategy, Vision and Mission of “Providing nutritional solutions for crops”. Accordingly, there were no unappropriate activities that BOD needed to remind and revise.
BOD also reviewed the Company’s Vision, Mission, and Core Values and had no modification in 2024.
(page 193 Annual report 2024)

Annual Report 2024

YES
D.1.5 Does the board of directors play a leading role in the process of developing and reviewing the company's strategy at least annually? In 2024, BOD reviewed corporate strategy in 03 regular meetings and 01 workshop (in September 27, 2024). To ensure effectiveness and quality of
the meetings, EB has made a report on corporate strategy approved by the BOD and sent to BOD members along with the recommendations before
the meetings. BOD also assigned persons to review the corporate strategy and then report to the BOD. This action has helped BOD make timely adjustments or enhance necessary resources to ensure that the Company’s operations are consistent with the Company’s development strategy. 
(page 193 Annual report 2024)

 Annual Report 2024 

YES
D.1.6 Does the board of directors have a process to review, monitor and oversee the implementation of the corporate strategy? In 2024, BOD reviewed corporate strategy in 03 regular meetings and 01 workshop (in September 27, 2024). To ensure effectiveness and quality of
the meetings, EB has made a report on corporate strategy approved by the BOD and sent to BOD members along with the recommendations before
the meetings. 
(page 193 Annual report 2024)

Annual Report 2024

YES
D.2 Board structure
23/24
  Code of Ethics or Conduct  
D.2.1 Are the details of the code of ethics or conduct disclosed? PVCFC's disclosed its Code of Conduct through PVCFC's Website and Annual Report 2024, Page 261

1. Code of business conduct

 

2. Annual Report 2024 

YES
D.2.2 Are all directors/commissioners, senior management and employees required to comply with the code/s?

Yes, it's defined in the CoC.

Also, page 261 of the Annual Report re-emphasize this "COC provides specific guidance on how to behave as an employee of PVCFC (including all members of BOD, Supervisory Board, other enterprise directors and all employees) when interacting with any relevant entities"

1. Code of business conduct

 

2. Annual Report 2024 

YES
D.2.3 Does the company have a process to implement and monitor compliance with the code/s of ethics or conduct? COC is copied and provided to all employees and is published on the Company’s website. In 2024, 100% of PVCFC’s employees were trained in COC via E-learning system. Orientation training for new BOD members and new employees at the Company also includes COC contents and other relevant regulations. In the coming time, PVCFC will continue to deploy annual training on COC for all employees via E-learning system to raise their awareness of COC. At the same time, this training also serves as a form of commitment to comply with COC.
(page 261 Annual report 2024)

Furthermore, the Company clearly outlines multiple channels that enable employees to voice concerns regarding any ethical matters.
BOD has issued Whistle blowing Policy since February 2023 (which was then revised in Resolution No. 3900/NQ-PVCFC dated December 20, 2024) to promptly detect and adjust behaviors, enhance the sense of responsibility of employees and encourage them to be proactive and confident in providing feedback to managers, thereby increasing management and business efficiency as well as protecting and promoting PVCFC’s reputation.
(page 193 Annual report 2024)

Annual Report 2024

YES
  Board Structure & Composition   
D.2.4 Do independent directors/commissioners make up at least 50% of the board of directors/commissioners? PVCFC's independent directors ratio is 28% of BOD as disclosed in Annual Report 2024, Page 175 Annual Report 2024 NO
D.2.5

Does the company have a term limit of nine years or less or 2 terms of five years1 each for its independent directors/ commissioners?

1 The five years term must be required by legislation which pre-existed the introduction of the ASEAN Corporate Governance Scorecard in 2011

The Company’s Charter requires each director term should not exceed 05 years. An independent director should not sit in the board in more than 02 consecutive terms in Annual Report 2024, Page 175.
The Company charter (Article 25, clause 2) requires each director term should not exceed 5 years. An independent director should not sit in the board in more than 2 consecutive terms. A director should not sit in the board of more than 5 other companies.

1. Annual Report 2024

 

2. Charter of PVCFC

YES
D.2.6 Has the company set a limit of five board seats that an individual independent/non-executive director/commissioner may hold simultaneously? The Company’s Charter requires each director term should not exceed 05 years. An independent director should not sit in the board in more than 02 consecutive terms in Annual Report 2024, Page 175.
The Company charter (Article 25, clause 2) requires each director term should not exceed 5 years. An independent director should not sit in the board in more than 2 consecutive terms. A director should not sit in the board of more than 5 other companies.
1. Annual Report 2024

 

2. Charter of PVCFC

YES
D.2.7 Does the company have any executive directors who serve on more than two boards of listed companies outside of the group? PVCFC has no executive directors who serve on more than two boards of listed companies outside of the group as stated in Annual Report 2024 (page 175)

Annual Report 2024

YES
  Nominating Committee   
D.2.8 Does the company have a Nominating Committee? PVCFC has publicly disclosed the existence of Human Capital - Remuneration Committee (similar to Nominating and Remuneration committee).
The Regulation on organization and operation of the Human Capital - Remuneration Committee has been disclosed on the Company’s official website.
Article 10 of the Committee’s Charter outlines the Committee’s responsibilities, including:
- Developing qualification criteria and proposing candidates for the Board of Directors (BOD);
- Conducting research, identifying, and building a database of BOD/Independent BOD member candidates;
- Recommending to the BOD appointments of personnel for BOD subcommittees and positions under the authority of the BOD.
Details on the activities of the Human Capital - Remuneration Committee are presented on pages 184-185 of the 2024 Annual Report.

1. Annual Report 2024

 

2. Regulation on organization and operation of HCRC
YES
D.2.9 Is the Nominating Committee comprised of a majority of independent directors/commissioners?  Annual Report 2024, Page 184. The Committee comprises of 2 members who are both independent directors: Mr Truong Hong (chairman) and Ms Hoa (members)

Annual Report 2024

YES
D.2.10 Is the chairman of the Nominating Committee an independent director/commissioner? The Chairman of the HCR committee is Mr. Truong Hong - Independent Director as disclosed in Annual Report 2024, Page 184 Annual Report 2024 YES
D.2.11 Does the company disclose the terms of reference/ governance structure/charter of the Nominating Committee? PVCFC has disclosed the regulation on organization and operation of the  Committee through PVCFC's Website Regulation on organization and operation of HCRC YES
D.2.12 Is the meeting attendance of the Nominating Committee disclosed and if so, did the Nominating Committee meet at least twice during the year? PVCFC disclosed the meeting attendance of the HR and Compensation Committee through Annual Report 2024, Page 178. During 2024, the Committee met 11 times.  Annual Report 2024 YES
  Remuneration Committee / Compensation Committee   
D.2.13 Does the company have a Remuneration Committee? PVCFC has publicly disclosed the existence of Human Capital - Remuneration Committee (similar to Nominating and Remuneration committee).

The regulation of the Committee can also be found on website

1. Annual Report 2024

 

2. Regulation on organization and operation of HCRC

YES
D.2.14 Is the Remuneration Committee comprised entirely of non-executive directors/commissioners with a majority of independent directors/commissioners ? The Chairman of the committee is Mr. Truong Hong - Independent Director as disclosed in Annual Report FY 2024, Page 184

Annual Report 2024

YES
D.2.15 Is the chairman of the Remuneration Committee an independent director/commissioner? The Chairman of the HCR committee is Mr. Truong Hong - Independent Director as disclosed in Annual Report 2024, Page 184

Annual Report 2024

YES
D.2.16 Does the company disclose the terms of reference/ governance structure/ charter of the Remuneration Committee? PVCFC has disclosed the regulation on organization and operation of the Committee through PVCFC's Website Regulation on organization and operation of HCRC YES
D.2.17 Is the meeting attendance of the Remuneration Committee disclosed and, if so, did the Remuneration Committee meet at least twice during the year? PVCFC disclosed the meeting attendance of the HR and Compensation Committee through Annual Report 2024, Page 178. During 2024, the Committee met 11 times.

Annual Report 2024

YES
  Audit Committee   
D.2.18 Does the company have an Audit Committee? PVCFC has publicly disclosed the existence of Audit Committee through Annual Report 2024, page 178

Annual Report 2024

YES
D.2.19 Is the Audit Committee comprised entirely of non-executive directors/commissioners with a majority of independent directors/commissioners? PVCFC disclosed the member of the Audit Committee through Annual Report 2024, Page 179. 
At the reporting date, 100% Audit and Risk Committee are non-executive directors.

Annual Report 2024

YES
D.2.20 Is the chairman of the Audit Committee an independent director/commissioner? The Chairwomen of the Audit committee is Ms. Do Thi Hoa - Lead Independent Director as disclosed in Annual Report 2024, Page 179

Annual Report 2024

YES
D.2.21 Does the company disclose the terms of reference/governance structure/charter of the Audit Committee?  PVCFC has disclosed the regulation on organization and operation of the Audit & Risk Management Committee through PVCFC's Website Regulation on organization and operation of ARMC YES
D.2.22 Does at least one of the independent directors/commissioners of the committee have accounting expertise (accounting qualification or experience)? PVCFC disclosed the expertise of members of the Audit Committee through Annual Report 2024, Page 175.
Ms. Do Thi Hoa - Chairwomen of the Committee - has a Bachelor degree of Industrial Accounting

Annual Report 2024

YES
D.2.23 Is the meeting attendance of the Audit Committee disclosed and, if so, did the Audit Committee meet at least four times during the year?

PVCFC disclosed the meeting attendance of the Audit & Risk Management Committee through Annual Report 2024, Page 178. The Committee met 7 times in 2024

Annual Report 2024

YES
D.2.24 Does the Audit Committee have primary responsibility for recommendation on the appointment, and removal of the external auditor? Pursuant to the Resolution of the 2024 Annual GMS, BOD has assigned Audit and Risk Management Committee to be primarily responsible for assessing and selecting an independent auditor for the 2024 financial statements. The Audit and Risk Management Committee has considered and proposed the BOD to approve Deloitte Vietnam to review and audit the Company’s 2024 financial statements. In 2024, there was no independent auditor dismissed.
(page 182, Annual report 2024)

Annual Report 2024

YES
D.3 Board Processes
20/20
  Board meetings and attendance   
D.3.1 Are the board of directors meeting scheduled before the start of financial year? The Board has approved the 2023 Operations Plan and the Board Meeting schedule and agenda for 3 years period from 2024-2026. These plan are published on website.

The 3 year operations plan of BOD

YES
D.3.2 Does the board of directors/commissioners meet at least six times during the year? In 2024, the Board of Directors convened 19 meetings with 100% attendance from all members.
(Page 187 -  Annual Report 2024)
Annual Report 2024 YES
D.3.3 Has each of the directors/commissioners attended at least 75% of all the board meetings held during the year? In 2024, the Board of Directors convened 19 meetings with 100% attendance from all members.
(Page 187 -  Annual Report 2024)
Annual Report 2024
YES
D.3.4 Does the company require a minimum quorum of at least 2/3 for board decisions? Yes. The Article 29, item 8 states "A meeting of the Board of Directors shall be held when it is attended by at least three fourths (3/4) of the members."
Charter of PVCFC YES
D.3.5 Did the non-executive directors/commissioners of the company meet separately at least once during the year without any executives present?

In 2024, non-executive BOD members held 03 meetings to discuss and give independent opinions on some issues related to: (i) Improving corporate governance according to good practices; (ii) Implementing good practices on the succession of BOD members, developing specific criteria according to PVCFC’s development strategy; (iii) Reviewing criteria for senior personnel planning, specifically:
- 1st meeting held on January 29, 2024
- 2nd meeting held on September 26, 2024
- 3rd meeting held on December 30, 2024
(page 187 Annual report 2024)

Annual Report 2024

YES
  Access to information   
D.3.6 Are board papers for board of directors/commissioners meetings provided to the board at least five business days in advance of the board meeting? As stated in Annual Report 2024, Page 187, documents of BOD meetings are sent to members 05 days before the date of organizing meetings and updated before the meetings.

Annual Report 2024

YES
D.3.7 Does the company secretary play a significant role in supporting the board in discharging its responsibilities? Yes. For further details, please refer to Key Responsibilities of the Corporate Secretary on page 177 of the Annual Report 2024 Annual Report 2024
YES
D.3.8 Is the company secretary trained in legal, accountancy or company secretarial practices and has kept abreast on relevant developments? As stated on pages 75 and 210-211 of the 2024 Annual Report:

All members of the Board of Directors, the Executive Board, the Supervisory Board, the Corporate Secretary, the Person in charge of Corporate Governance, the Office of the Board of Directors, and other relevant departments have received training and regularly updated their knowledge on new corporate governance regulations.

Mr. Do Thanh Hung, the Corporate Secretary, holds a Certified Specialist in Corporate Secretary Program (CSMP) credential.
Annual Report 2024 YES
  Board Appointments and Re-Election   
D.3.9 Does the company disclose the criteria used in selecting new directors/commissioners? PVCFC has disclosed the criteria for selection of new director in the documents sent to AGM (Election regulation).
As stated in Annual Report 2024, Page 184-185: 
On August 7, 2024, BOD issued Resolution No. 2407 stipulating criteria to select BOD member based on the core capability groups, including: (i) Specialized capabilities (strategy, risk management, legal knowledge, market, relationship with related parties, etc.; (ii) skill-related capabilities (communication skill, management skill, negotiation skill, etc.). Accordingly, Human Capital - Remuneration Committee has built specific criteria and process on selecting candidates for new BOD members or re-appointed BOD members to ensure the candidates all satisfy the requirements.   

1. Election regulation

 

2. Annual report 2024

YES
D.3.10 Did the company describe the process followed in appointing new directors/commissioners? PVCFC has described the process for identifying and selecting new members of the Board of Directors in its 2024 Annual Report, page 185, as follows: "BOD member selection process includes 05 steps as follows: (1): Determining candidate criteria; (2) Approving candidate criteria; (3) Searching for candidates; (4) Nominating list of candidates; (5) Approving list of candidates." 
(For more details, please see the HCRC Regulation updated on the Company’s website)

1. Annual Report 2024

 

2. HCRC Regulation

YES
D.3.11

Are all directors/commissioners subject to re-election every 3 years; or 5 years for listed companies in countries whose legislation prescribes a term of 5 years(2) each?

2 The five years term must be required by legislation which pre-existed the introduction of the ASEAN Corporate Governance Scorecard in 2011

 Article 25, item 2 defines terms of director is 5 years and independent director can not sit in the board for more than 2 consecutive terms. Charter of PVCFC YES
  Remuneration Matters   
D.3.12 Do the shareholders or the Board of Directors approve the remuneration of the executive directors and/or the senior executives? The remuneration of the members of the Board of Directors and the Supervisory Board is approved by the General Meeting of Shareholders. Minutes and resolutions of AGM 2025 YES
D.3.13 Does the company have measurable standards to align the performance-based remuneration of the executive directors and senior executives with long-term interests of the company, such as claw back provision and deferred bonuses? Every year, the GMS approves salary and remuneration budget for BOD and SB. The calculation and payment for salary, bonus and remuneration for BOD and SB is implemented according to the Regulations on salary, bonus and remuneration of the Executive Board which by the Company’s BOD in line with Decision No.1224/QD-PVCFC according to the following principles:
- Payment is calculated to ensure compliance with legal regulations.
- Remuneration and bonus are based on the principle of competition to ensure the income is paid in conformity with the market.
- Salary and bonus are calculated and paid to ensure a balance between shortterm factors (based on monthly and annual performance) and long-term factors (salary increases/periodic bonuses). Details arementioned on page 131.
-.....
(page 228 Annual report 2024)

Annual Report 2024 

YES
  Internal Audit   
D.3.14 Does the company have a separate internal audit function? PVCFC has publicly disclosed the existence of Internal Audit Division through Annual Report 2024, Page 186 Annual Report 2024
YES
D.3.15 Is the head of internal audit identified or, if outsourced, is the name of the external firm disclosed? The head of internal Audit is identified as Mr. Vu Chi Duong through Annual Report 2024, Page 186 Annual Report 2024
YES
D.3.16 Does the appointment and removal of the internal auditor require the approval of the Audit Committee? The responsibility of appointment and removal of the internal auditor requires the approval of the Audit Committee, as stated in PVCFC's Annual Report 2024, Page 186. 
Auditand Risk Management Committee is responsible for proposing to
BOD on structure and organization of Internal Audit Division, appointment and dismissal of the Head of Internal Audit.
Annual Report 2024 YES
  Risk Oversight   
D.3.17 Does the company establish a sound internal control procedures/risk management framework and periodically review the effectiveness of that framework? PVCFC has developed, completed, and standardized its internal control system based on the current advanced model of the Three Lines of Defense.

The Company focuses on establishing and improving a comprehensive system of rules, mechanisms, and policies to optimize operations and mitigate key risks.

PVCFC has an internal audit function, with a clearly described process of risk identification and response mechanisms.
(For more details, please refer to pages 232-243 of the 2024 Annual Report.)
Annual Report 2024 YES
D.3.18 Does the Annual Report/Annual CG Report disclose that the board of directors/commissioners has conducted a review of the company's material controls (including operational, financial and compliance controls) and risk management systems? Based on the quarterly risk management reports from General Director, Internal Audit Division and Audit & Risk Management Committee, BOD assesses the effectiveness and suitability of risk management system (including operational, financial and compliance controls) and internal control to ensure good control of major risks for the Company. In addition, BOD reviews major risk management at monthly BOD meetings.
(page 197 Annual report 2024)
Annual Report 2024
YES
D.3.19 Does the company disclose the key risks to which the company is materially exposed to (i.e. financial, operational including IT, environmental, social, economic)? In 2024, the top risks identified included: strategic risk, financial risk, operational risk, and compliance risk.
(Details available on pages 234-239 of the 2024 Annual Report.)
Annual Report 2024 YES
D.3.20 Does the Annual Report/Annual CG Report contain a statement from the board of directors/commissioners or Audit Committee commenting on the adequacy of the company's internal controls/risk management systems? As assessed by BOD, in 2024, the Company had an adequate and effective risk management and internal control (page 197 Annual report 2024).
The Company has completed three-line model to help the internal control, internal audit and risk management systems operate effectively and promote the efficiency of the system. (page 221 Annual report 2024).
Annual Report 2024 YES
D.4 People on the Board
5/6
  Board Chairman  
D.4.1 Do different persons assume the roles of chairman and CEO? PVCFC's Chairman is Mr. Tran Ngoc Nguyen whereas General Director is Mr. Van Tien Thanh as stated in Annual Report 2024, Page 171. Annual Report 2024 YES
D.4.2 Is the chairman an independent director/commissioner? PVCFC’s Chairman is not an independent director. Mr. Tran Ngoc Nguyen is a non-executive Chairman. At present, non-executive and independent directors account for 6/7 members.
(page 213 Annual report 2024)
Annual Report 2024
NO
D.4.3 Is any of the directors a former CEO of the company in the past 2 years? No. The current CEO has been in position for more than 6 years.
(page 213 Annual report 2024)
Annual Report 2024 YES
D.4.4 Are the roles and responsibilities of the chairman disclosed? The roles and responsibilities of BOD Chairman are disclosed in Annual Report 2024, Page 188
Performing functions, duties and rights of BOD chairman according to the Company’s charter and current legal documents.
Being responsible to General Meeting of Shareholders on operations of BOD according to the Company’s charter.
Overseeing and directing overall implementation of activities under authority of BOD.
Annual Report 2024 YES
  Lead Independent Director   
D.4.5 If the Chairman is not independent, has the Board appointed a Lead/Senior Independent Director and has his/her role been defined? BOD has also appointed Ms. Do Thi Hoa as Lead Independent Director since April 2023, clearly defining the roles of lead Independent director as an intermediary between Chairman and other BOD members, convening and chairing meetings of non-executive members. 
(page 213 Annual report 2024)
Annual Report 2024 YES
   Skills and Competencies   
D.4.6 Does at least one non-executive director/commissioner have prior working experience in the major sector that the company is operating in? Mr Nguyen, Mr Quang, Mr Hanh, Mr Thuan who are non-executive directors have worked for the Company and PVN for many years. (page 68-71 of the Annual Report 2024) Annual Report 2024 YES
D.5 Board Performance
7/7
  Directors Development   
D.5.1 Does the company have orientation programmes for new directors/commissioners? PVCFC disclosed the orientation programs for new directors through Annual Report 2024, Page 210
At PVCFC, to support new BOD members, BOD will implement orientation training for that member to understand corporate culture, business philosophy, vision, mission and core values of the Company. The BOD also provides training in necessary knowledge on corporate governance associated with the Company’s development orientations.,,.
Annual Report 2024 YES
D.5.2 Does the company have a policy and actual practice and programs that encourages directors/commissioners to attend on-going or continuous professional education programmes? Every year, BOD develops a training plan, including the courses to update professional knowledge for all members of BOD, EB, Secretary and BOD assistants. Training courses organized in 2024 have met the needs of updating new knowledge and improving governance quality for BOD members. In addition to participating in training courses as planned, BOD encourages its members to join in associations and clubs to learn and share knowledge, skills, experiences, and domestic and international information on governance such as Vietnam Human Resources Association (VNHR), Vietnam CFO, Vietnam Independent Directors Association (VNIDA), etc.
(page 210 Annual report 2024)
Annual Report 2024 YES
  CEO/Executive Management Appointments and Performance   
D.5.3 Does the company disclose the process on how the board of directors/commissioners plans for the succession of the CEO/Managing Director/President and key management? Please refer to pages 184 and 192 of the 2024 Annual Report.
1. Description of actual responsibilities performed by the Human Capital - Remuneration Committee:
BOD has approved and issued Regulations on organization and operation of HCR Committee in Decision No. 1657/QD-PVCFC. Based on the tasks specified in the Regulations, HCR Committee has implemented activities in 2024 as follows:
- For HR work under BOD’s authority:
+ The Committee has based on the tasks as follows to give opinions and recommendations to BOD on HR work under BOD’s authority:
• Reviewing, evaluating, and developing quality criteria and nominating candidates for Board of Directors;
• Consulting, searching, and building database of BOD members/ independent BOD members;
- In relation to succession planning for the position of GD and key managers, non-executive BOD members have held 02 separate meetings on this issue. Human Capital - Remuneration Committee has consulted good practices and participated in proposing planning criteria for the BOD’s review and direction.
2. Succession planning for BOD (page 192)

Annual Report 2024 YES
D.5.4 Does the board of directors/commissioners conduct an annual performance assessment of the CEO/Managing Director/President? The Board of Directors, based on the Company’s business performance results, assigned responsibilities within the Executive Board and conducted evaluations of each member using nine criteria previously approved by the Board.

According to the 2024 evaluation results, all members of the Executive Board received excellent scores, having successfully led and directed the Company to fulfill the assigned targets and tasks.
(Page 164, Annual Report 2024)
Annual Report 2024 YES
  Board Appraisal   
D.5.5 Did the company conduct an annual performance assessment of the board of directors/commissioners and disclose the criteria and process followed for the assessment? The Company disclosed the Board of Directors’ report, which includes an assessment of its performance effectiveness on pages 200-201 of the 2024 Annual Report. Annual Report 2024 YES
  Director Appraisal   
D.5.6 Did the company conduct an annual performance assessment of the individual directors/commissioners and disclose the criteria and process followed for the assessment? The Company disclosed the Board of Directors’ report, which includes an assessment of its performance effectiveness on pages 200-201 of the 2024 Annual Report. Annual Report 2024 YES
  Committee Appraisal   
D.5.7 Did the company conduct an annual performance assessment of the board committees and disclose the criteria and process followed for the assessment? The Company disclosed the Board of Directors’ report, which includes an assessment of its performance effectiveness on pages 200-201 of the 2024 Annual Report. Annual Report 2024 YES


Level 2
Bonus Items
No. Question Quote Evidence Response
(B)A.  Rights of shareholders
(B)A.1 Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting procedures, that govern general shareholders meeting. 1/1
  Clearly defined board responsibilities and corporate governance policy  1/1
(B)A.1.1 Does the company practice real time secure electronic voting in absentia at general meetings of shareholders? Yes, the Company’s General Meetings of Shareholders in recent years have all adopted electronic voting. Please refer to the Company’s website for information regarding the General Meeting of Shareholders.  https://www.pvcfc.com.vn/en-US/investor-relations/shareholders-meeting YES
(B)A.2 Equitable treatment of shareholders 1/1
  Notice of AGM 1/1
(B)A.2.1 Does the company release its notice of AGM (with detailed agendas and explanatory circulars), as announced to the Exchange, at least 28 days before the date of the meeting? PVCFC released its notice of AGM at 26/04/2024 (45 days before the date of the meeting - 11/06/2024) Notice Organization of the AGM 2024 YES
(B)B.  Sustainability and Resilience
7/7
(B)B.1 7/7
(B)B.1.1 Does the company disclose how it manages climate-related risks and opportunities? PVCFC identifies climate risk as a material risk at various points throughout the 2024 Annual Report. Page 262 specifically outlines how PVCFC manages climate-related risks.
For more details, please refer to Chapter V - Climate Change - in the 2024 Sustainability Report.

1. Annual Report 2024

 

2. Sustainability report 2024

YES
(GRI G4, IR or SASB)
(B)B.1.2

Does the company disclose that its Sustainability Report / Sustainability Reporting is externally assured?

Please refer to the “Audit/Assurance” section on pages 240-247 of the 2024 Sustainability Report.

Sustainability report 2024

YES
(B)B.1.3 Does the company disclose the engagement channel with stakeholder groups and how the company responds to stakeholders’ ESG concerns? PVCFC discloses its stakeholder engagement methods and channels in Chapter 2 -Stakeholder Engagement section of the 2024 Sustainability Report.

Sustainability report 2024

YES
(B)B.1.4 Does the company have a unit / division / committee who is specifically responsible to manage the sustainability matters?

At the regular meeting in February 2024, BOD decided to establish ESG Committee and issued Regulations on the organization and operations of the Committee under Decision No. 427/QD-PVCFC dated February
29, 2024. Accordingly, ESG Committee is a specialized unit under BOD with the function of consulting and overseeing the areas related to sustainable development and corporate governance for BOD.
(page 185 Annual report 2024)

Annual Report 2024
YES
(B)B.1.5 Does the company disclose board of directors/commissioners' oversight of sustainability-related risks and opportunities? PVCFC stated in Annual Report 2024, Page 234,240 as follow:
- Regular meetings of the Audit and Risk Management Committee also review internal control and risk management activities implemented during the period. Therefore, BOD members can review the Company’s major controls (including operational, financial and compliance controls) and risk management systems, assisting the BOD (Audit and Risk Management Committee) to evaluate the adequacy of the Company’s internal control/risk management that have been established and ensured.
- According to ESG Strategic Orientation - Sustainable Development which was issued as per Decision No. 1696/QD-PVCFC dated June 10, 2024 of the BOD, the Company has standardized risk management system towards integrating ESG risks into the enterprise risk management framework. Initially, the Company has assessed the current status of integrated enterprise risk management system for sustainable development according to COSO and good practices.
Annual Report 2024
YES
(B)B.1.6 Does the company disclose the linkage between executive directors and senior management remuneration and sustainability performance for the previous year? For General Director and members of the Executive Board, remuneration and bonus are taken into account sustainable development factors (To be specific, the 2024 assessment is adhered to the Company’s compliance with legal regulations on environment and society and the effectiveness of implementing ESG - Sustainable Development strategic orientations).
(page 228 Annual report 2024)
Annual Report 2024 YES
(B)B.1.7 Is the company’s Whistle Blowing System managed by independent parties / institutions?

The Company has issued Whistle blowing process as a basis for implementation. Currently, the Company has established channels to receive violation reports including:
- Directly reporting to Whistle blowing Council.
- Directly reporting Functional Division. The Functional Division is responsible for sending all information to Internal Audit Division.
- Hotline: 0798 041 041 (handled by Internal Audit Division)
- Email: tiepnhanthongtin@pvcfc.com.vn
- Mailbox to “Receive information” at: Company Office, Ca Mau Fertilizer Plant Office, and Representative Office in Ho Chi Minh City.
Ms. Do Thi Hoa - Lead Independent Director is Chairwoman of Whistle blowing Council. Internal Audit Division - an independent unit is responsible for receiving violation reports and directly reporting to Chairwoman of Whistle blowing Council. 
(page 193 Annual Report 2024)

Annual Report 2024

YES
(B)C.  Disclosure and transparency 1/1
(B)C.1 Quality of Annual Report 1/1
(B)C.1.1 Are the audited annual financial report /statement released within 60 days from the financial year end? PVCFC's Financial report was published on 29/02/2025 (59 days after the financial year end) Audited consolidated financial statements 2024
YES
(B)D.  Responsibilities of the Board  7/8
(B)D.1 Board Competencies and Diversity 2/2
(B)D.1.1 Does the company have at least one female independent director/commissioner?

PVCFC's BOD include 1 female independent director: Ms Do Thi Hoa, as stated in Annual Report 2024, Page 68-71.

Annual Report 2024
YES
(B)D.1.2 Does the company have a policy and disclose measurable objectives for implementing its board diversity and report on progress in achieving its objectives?

For PVCFC, the performance of the Board of Directors is the top priority. PVCFC’s BOD well recognizes the importance of diversity of BOD members and ensures the best practices of this orientation. The Company’s internal governance regulations outline direction and policies on ensuring gender, age and professional skill diversity of BOD align with the Company’s long-term development strategy. Based on the business orientation in the coming years, BOD has set the following goals for the diversity of BOD by 2030:
- BOD has at least 02 independent directors who are female.
- BOD has at least 01 member with experience in Mergers and Acquisitions (M&A) to serve the production and business expansion.
- BOD has at least 01 member with experience in international markets to serve the production and business expansion.
- BOD has at least 01 member with experience in business strategy planning.
In 2024, as assessed by the BOD, BOD member structure was appropriate at the present time, ensuring diversity in BOD. BOD members with different
expertise, skills and experiences have ensured the operational efficiency of BOD. At present, there is 01 independent director who is female. In the coming years, BOD will continue to pursue the abovementioned goals to ensure diversity as well as operational efficiency.
(page 174-175 Annual report 2024)

Annual Report 2024

YES
(B)D.2 Board Structure 2/2
(B)D.2.1 Is the Nominating Committee comprise entirely of independent directors/commissioners? PVCFC disclosed the related information about the Human Capital - Remuneration committee through Annual Report 2024, Page 184 Annual Report 2024
YES
(B)D.2.2 Does the Nominating Committee undertake the process of identifying the quality of directors aligned with the company's strategic directions? Clause 3, Article 10 of the Regulation on the Organization and Operation of the Human Capital - Remuneration Committee stipulates: 
Based on the Company's strategic direction, the Human Capital and Remuneration Committee shall review, evaluate, establish quality criteria, and propose candidates for the  Board of Directors, ensuring suitability and diversity within the Board.
Regulation on organization and operation of HCRC YES
(B)D.3 Board Appointments and Re-Election 1/1
(B)D.3.1 Does the company use professional search firms or other external sources of candidates (such as director databases set up by director or shareholder bodies) when searching for candidates to the board of directors/commissioners? Clause 4, Article 10 of the Regulation on the Organization and Operation of the Human Capital - Remuneration Committee stipulates: 
When there is a need to supplement or replace a member of the Boad of Directors, the Human Capital and Remuneration Committee is responsible for researching, identifying, and building a database of potential Board members/independent Board members from both internal and external sources to propose to the Board of Directors. 
Regulation on organization and operation of HCRC YES
(B)D.4 Board Structure & Composition 0/1
(B)D.4.1 Do independent non-executive directors/commissioners make up more than 50% of the board of directors/commissioners for a company with independent chairman? PVCFC's Chairman is not an independent Director.
NO
(B)D.5 Risk Oversight 1/1
(B)D.5.1 Does the company disclose that its Board identified key risk in relation to information technology including disruption, cyber security, and disaster recovery, to ensure that such risks are managed and integrated into the overall risk management framework? On Policy:
Page 197: BOD is fully aware of potential risks that may affect the Company’s data system and continuous operation. They are the risks related to safety, internet security and information technology disruption.

On Practice:
Page 197:  BOD has issued a list of important points that need to be reviewed regularly, according to which, it is necessary to identify the major risks related to safety, internet security and information technology disruption as well as the issues related to continuous production and assessing the risks to these activities. 

Page 237: Monthly monitoring by the BOD through the General Director’s update on operating status of the Company’s IT system, risks and important improvements related to safety, network security
Annual Report 2024
YES
(B)D.6 Board Performance 1/1
(B)D.6.1 Does the company have a separate board level Risk Committee?

The Company has established an Audit and Risk Management Committee (page 179-180 Annual report 2024)

All members of the Committee are also members of the Board of Directors.
Further details are available in the Committee’s Regulation.

1. Annual Report 2024

2. ARMC's Regulation

YES


Penalty Items
No. Question Quote Evidence Yes/No
(P)A. Rights of shareholders
 
(P)A.1  Basic shareholder rights.  
(P)A.1.1 Did the company fail or neglect to offer equal treatment for share repurchases to
all shareholders?
     No
(P)A.2 Shareholders, including institutional shareholders, should be allowed to consult with each other on issues concerning their basic shareholder rights as defined in the Principles, subject to exceptions to prevent abuse.  
(P)A.2.1 Is there evidence of barriers that prevent shareholders from communicating or consulting with other shareholders?      No
(P)A.3 Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting procedures, that govern general shareholders meeting.  
(P)A.3.1 Did the company include any additional and unannounced agenda item into the notice of AGM/EGM?      No
(P)A.3.2 "Was the Chairman of the Board and the Chairmen of all Board Committees and the CEO absent from the most recent General Meeting?"      No
(P)A.4 Capital structures and arrangements that enable certain shareholders to obtain a degree of control disproportionate to their equity ownership should be disclosed.  
  Did the company fail to disclose the existence of:      
(P)A.4.1 Shareholders agreement?      No
(P)A.4.2 Voting cap?      No
(P)A.4.3 Multiple voting rights?      No
(P)A.5 Capital structures and arrangements that enable certain shareholders to obtain a degree of control disproportionate to their equity ownership should be disclosed.  
(P)A.5.1 Is a pyramid ownership structure and/ or cross holding structure apparent?      No
(P)A.6 Insider trading and abusive self-dealing should be prohibited.  
(P)A.6.1 Has there been any conviction of insider trading involving directors/commissioners, management and employees in the past three years?      No
(P)A.7 Protecting minority shareholders from abusive action.  
(P)A.7.1 Has there been any cases of non compliance with the laws, rules and regulations pertaining to material related party transactions in the past three years?      No
(P)A.7.2 Were there any RPTs that can be classified as financial assistance (i.e not conducted at arms length) to entities other than wholly-owned subsidiary companies?      No
(P)B.  Role of stakeholders  
(P)B.1 The rights of stakeholders that are established by law or through mutual agreements are to be respected.  
(P)B.1.1 Have there been any violations of any laws pertaining to labour/employment/ consumer/insolvency/ commercial/competition or environmental issues?      No
(P)B.2 Where stakeholders participate in the corporate governance process, they should have access to relevant, sufficient and reliable information on a timely and regular basis.  
(P)B.2.1 Has the company faced any sanctions by regulators for failure to make announcements within the requisite time period for material events?      No
(P)B.2.2 Is there any evidence that the company is engaging in greenwashing activities?      No
(P)C.  Disclosure and transparency  
(P)C.1 Sanctions from regulator on financial reports.  
(P)C.1.1 Did the company receive a "qualified opinion" in its external audit report?      No
(P)C.1.2 Did the company receive an "adverse opinion" in its external audit report?      No
(P)C.1.3 Did the company receive a "disclaimer opinion" in its external audit report?      No
(P)C.1.4 Has the company in the past year revised its financial statements for reasons other than changes in accounting policies?      No
(P)D.  Responsibilities of the Board  
(P)D.1 Compliance with listing rules, regulations and applicable laws.  
(P)D.1.1 Is there any evidence that the company has not complied with any listing rules and regulations apart from disclosure rules over the past year?      No
(P)D.1.2 Have there been any instances where non-executive directors/commissioner have resigned and raised any issues of governance-related concerns?      No
(P)D.2 Board structure  
(P)D.2.1

"Does the Company have any independent directors/commissioners who have served for more than nine years or two terms of five years each (which ever is higher) in the same capacity?

1 The five years term must be required by legislation which pre-existed before the introduction of the ASEAN Corporate Governance Scorecard in 2011"

     No
(P)D.2.2
Did the company fail to correctly identify the description of all their directors as independent, non-executive, and executive?      No
(P)D.2.3 Does the company have any independent directors/non- executive/commissioners who serve on a total of more than five boards of publicly-listed companies?      No
(P)D.3 External Audit  
(P)D.3.1 Is any of the directors or senior management a former employee or partner of the current external auditor (in the past 2 years)?      No
(P)D.4 Board structure and composition  
(P)D.4.1 Has the chairman been the company CEO in the last three years?      No
(P)D.4.2 Do non-executive directors/commissioners receive options, performance shares or bonuses?      No

Contact us

Please fill in the form and send your comments and questions to Petrovietnam Camau fertilizer joint stock company, we will respond to your email as soon as possible.