PetroVietnam Fertilizer and Chemicals Corporation

PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo) operates the Phu My Fertilizer Plant, Vietnam's flagship urea producer, with the state oil and gas group PetroVietnam holding 59.59 percent of its shares, which trade on the Ho Chi Minh Stock Exchange under the ticker DPM. Its product range centres on Phu My Urea and Phu My NPK blends, both recognized as Vietnam National Brands, alongside commercial ammonia and other chemicals.

In 2024 the company produced an estimated 889,501 tons of urea, achieving 105 percent of the annual plan and up 9 percent from the turnaround year 2023, and sold an estimated 898,672 tons, up 2 percent. It exported nearly 164,000 tons of Phu My Urea, completing 117 percent of the yearly target with growth of 49 percent, while NPK sales reached an estimated 147,155 tons. Total revenue came to VND 13,878 billion, completing 109 percent of the annual plan, with profit before tax of VND 669.3 billion.

Cambodia was the company's largest export market in 2024, accounting for more than 34 percent of export volume, followed by South Korea and the Philippines. Looking ahead, the company is planning the turnaround maintenance of the Phu My Fertilizer Plant in 2025 and continues to study expansion in fertilizer and chemical production, including petrochemicals and low-carbon ammonia opportunities.