CA MAU FERTILIZER PLANT MARKS 10 MILLION TONS

PetroVietnam Ca Mau Fertilizer JSC (PVCFC) continues to affirm its leading position as Vietnam’s prestigious fertilizer manufacturer when Ca Mau Fertilizer Plant reached the capacity of 10 million tons of urea on December 7, 2023. In over a decade, Ca Mau Fertilizer Plant has always improved to increase the plant's capacity from design capacity to the current 115% of capacity. The plant produces approximately 860,000 tons of Urea for domestic use and export y-o-y. PVCFC is now the only local manufacturer capable of granular urea with stable quality, suitable for various crops and soils, making positive contributions to the goal of ensuring national food security.

PVCFC AWARDED CERTIFICATE OF SAFE & STABLE OPERATION IN MORE THAN 350 DAYS FOR THE SECOND TIME

On October 31 2023, Ca Mau Fertilizer Plant under PetroVietnam Ca Mau Fertilizer JSC was officially awarded Certificate of Safe and Stable Operation in more than 350 days at high capacity by Haldor Topsoe. This is the second consecutive time Ca Mau Fertilizer Plant received the Certificate of Record from Europe’s leading Copyright House.

During 12 years of operation, Ca Mau Fertilizer Plant has always prioritized reducing maximum energy consumption to meet requirements and standards of a global modern fertilizer plant. Getting better results by putting more effort, Ca Mau Fertilizer Plant has been honored with “Top 10% of factories with lowest energy consumption” and top 10% of global high-capacity factories without undergoing major innovation by Haldor Topsoe.

SUCCESSFULLY PENETRATE AND DEVELOP NPK FERTILIZER MARKET

Despite many challenges such as raw material price hike, declining fertilizer price, low market demand, strong competition with imported fertilizer products, etc. PVCFC has excellently completed its missions and assigned targets. Especially, PVCFC has successfully penetrated and developed the NPK fertilizer market with a consumption output of 138.61 thousand tons, equivalent to 166% as of 2022.

With a goal of maintaining market share at target markets and penetrating into new markets, PVCFC, in 2023, has continuously adjusted its sales approach, implementing sales promotion programs; giving gifts and offering free trials on fertilizer products. The typical program named “Golden season - Win big" has helped spread the image of NPK fertilizer products to every farming area and local farmers nationwide.

SIGNING AGREEMENT OF CAPITAL TRANSFER WITH KOREA - VIETNAM FERTILIZER CO., LTD (KVF)

At the investor meeting organized by PVCFC on November 28 2023, General Director Van Tien Thanh announced to sign a deal with TKG Taekwang and Huchem (Korea) on approval of transferring a contributed capital at Korea - Vietnam Fertilizer Co., Ltd (KVF). KVF is located at Hiep Phuoc Industrial Park (Nha Be District, HCMC) with a total area of 8.8 ha.

According to PVCFC’s leaders, the deal allows PVCFC to proactively source a very competitive raw material supply for the plant. Additionally, PVCFC and KVF will cooperate to launch a new NPK fertilizer brand with an expected capacity of 360,000 tons/year.

PVCFC’S BOARD OF DIRECTORS RECEIVED THE TITLE “BOARD OF DIRECTORS COMMITTED TO GOOD GOVERNANCE PRACTICE”

At the 6^th Annual Forum (AF6) organized by Vietnam Institute of Directors (VIOD) in Hanoi dated November 22 2023, PVCFC’s Board of Directors was honored with “Board of Directors committed to good governance practice”. VIOD highly recognizes and honors outstanding Board of Directors with excellent achievements in accordance with strict criteria, PVCFC is listed in Top 12 excellent enterprises, surpassing over 500 Board of Directors of other listed companies in Vietnam. The set of criteria of VIOD evaluates BOD’s most effective performance by: supervisory role of BOD in protecting interests of shareholders, creating values for PVCFC’s relevant stakeholders and complying with effective corporate governance principles, contributing to sustainable development and climate change adaptation.

TOP 50 BEST LISTED COMPANIES ”FOR THE 3^rd CONSECUTIVE TIME”

With a leading brand position and superior capacity, PVCFC has been named on the list of “50 best listed companies 2023” voted by Forbes Vietnam. This was the 3^rd consecutive year PVCFC to be named on this list.

To be honored with this title, PVCFC has surpassed many rounds of evaluation and performance review of Forbes. At the preliminary round, PVCFC satisfied many conditions such as profitability in 2022, minimum revenue and capitalization of 500 billion VND. In the next round, PVCFC was quantitatively scored on five criteria including Compound Annual Growth Rate, Profit, ROE, ROC and EPS. Next, Forbes Vietnam conducted a qualitative investigation to evaluate the level of sustainable development of PVCFC. In 2022, PVCFC has recorded a revenue of 16,241 billion VND and profit of 4,596 billion VND, an increase of 62% and 135% respectively compared to 2021.

HONORED “COMMUNITY ENTERPRISES” FOR THE 2^nd CONSECUTIVE YEAR

On November 15 2023, Ca Mau Fertilizer was honored as “Community Enterprises” at the Saigon Time CSR 2023. This was the 2^nd consecutive year Ca Mau Fertilizer to be honored. The award was a motivation for the company to unite its steadfast strength and perseverance toward a more sustainable and prosperous agriculture sector of Vietnam.

As of 2023, despite being a young company with only 12 years of development, PVCFC is evaluated as one of the most dynamic and leading ones in social corporate responsibilities for community, employees. On its journey of development, PVCFC has spent a total amount of over 400 billion VND on community activities, supporting people with difficult circumstances.

PVCFC AWARDED GENDER EQUALITY CERTIFICATION - GEARS TOOL

As an active member of Vietnam Business Network Coalition for Women’s Empowerment (VBCWE) accompanied practical performances in promoting gender equality, PVCFC has become Vietnam’s first enterprises to be awarded Gender Equality Certification using GEARS tool. GEARS is developed by the Workplace Gender Equality Agency - WGEA of the Australian Government and adapted to practice by VBCWE.

As evaluated by VBCWE, PVCFC has built an effective, safe and happy living and working environment. Every employee is confident to express their ability without any discrimination regardless of gender, family background. Despite work pressure, PVCFC always makes the workplace - fertilizer plant - feel like home without any discrimination, each employee is confident, self-reliant, professional and united.

PVCFC AWARDED “TYPICAL ENTERPRISES FOR EMPLOYEES”

At the Honor Ceremony for ‘Typical Enterprises for Employees dated October 29 2023 in Ha Noi, PVCFC was one of three units under Vietnam Oil and Gas Group (PVN) to be honored at this special event. The title “Typical Enterprise for Employees” aims to praise and honor enterprises that make efforts in improving the working environment for employees. PVCFC was well evaluated for its strict criteria by labor experts and trade unions, ensuring a deep reflection of the way it treats employees in many aspects of income, training, working environment, social welfare and other employee engagement activities, etc.

“ANH HAI CA MAU” - APPLYING DIGITAL HUMAN IN BUSINESS AND MARKETING MANAGEMENT

At the 2023 summary conference, PVCFC has officially launched the first digital human project of Vietnam agriculture sector named “Anh Hai Ca Mau”. The project affirms its position as a leading brand, taking the lead in applying digital technology; pioneering implementing Martech in communications, sales promotion activities of Ca Mau Fertilizer. “Anh Hai Ca Mau” will help improve customer experience, connect and promote the brand image of Ca Mau Fertilizer to customers.

launched the first digital human project of Vietnam agriculture sector named

“ANH HAI CA MAU”