Message from Board of Directors. Wh

Message from Board of Directors.

When referring to the process of formation and development of PVFCCo, Phu My Fertilizer Plant Project has got to be mentioned. This project is classified as the National major project entitled “Gas-Power-Fertilizer Cluster” in Ba Ria – Vung Tau province. The goal of this project is to construct the very first fertilizer plant using raw materials obtained from nation’s gas resources. It is possible to say that this is one of the most successful projects of the Petroleum industry in particular and the nation in general in recent years, indicated by: project’s quality ensuring international standards, meeting progress schedule, saving investment expenses, operating smoothly, firmly and accomplishing high social-economic results. This project’s success indeed affirms that the State and Government have developed the right investment policiesto establish Phu My Fertilizer Plant, considered as a dynamic evidence of the farmer-worker union.

The processes of developing Phu My Fertilizer Plant as well as actual operations of Petro Vietnam Fertilizer and Chemicals Corporation in recent years have brought very valuable experiences. They are referred as negotiating experiences, technology selection, contractor selection; various experiences in handling different circumstances during project implementation; experiences in coordinating and cooperating amongst related parties; experiences in developing, training workforce, business systems, governance models and many other valuable experiences.

The success of PVFCCo technical team in the management and operation of a high technology petrochemical plant to be operated stably, safely and effectively has marked a significant step forwards in the process of the nation’s industrialisation, modernisation. Besides, the development of business units, given the ability to quickly grasp the law of economics market, modern governance models, advanced business approaches, has contributed to the build of nationwide distribution systems with 4 subsidiaries in different regions, more than 100 Branches and level-one agents, over 3000 level-two agents and 2 knot warehouse systems and intermediate warehouses with high capacity launched right at consumption points, ensuring rapid, timely delivery and right into the hands of farmers. In addition to Phu My Fertilizer brand which has been farmers’ preferences, PVFCCo has been developing branding of new Phu My fertilizer products, such as Phu My NPK, Phu My DAP, Phu My Potassium...Currently, PVFCCo has been positioned as one of largest fertilizer producing enterprises in Vietnam, actively contributing to the development of the nation’s agricultural sector. In addition, highly qualified, professional staffs of PVFCCo are evidences of talent and intelligence of the people of Vietnam, which is also the most important element in the construction and development of the country.

Along with business operation, PVFCCo is also known as one of the member units of the Vietnam Oil and Gas Group that actively pursues social securityand operates towards islands, aiming at implementation of the State and Government’s policies in relation to “Triple-agriculture”, poverty alleviation and national sovereignty protection.

PVFCCo teams shall be proud of all the achievements in the past years and confidently head towards the future with a deep awareness of enormous challenges awaiting in the context of the country's stronger integration with the global economy, characterised by severe market rules and competition that only those who have enough skills and spirits to stand firmly and move forwards. In such sense, the Corporation has soon developed sound long -term plans targeting at sustainable development, including plans to diversify products and expand domestic and international market, modernise management - business development model, develop human resources in both quantity and quality, with the motto of being more creative, thinking more audaciously, acting more positively.

With the accumulated resources, unanimity and the endeavour morale of the Corporation’s staffs, close attention and guidance of the Vietnam Oil and Gas Group, along with the support from the central departments and local government, as well as the companionship and support of shareholders and investors, we strongly believe that PVFCCo will continue its glorious tradition, firmly step forwards, overcome all difficulties and challenges to reach out to new successes.