PVCFC continues to affirm its position as a leading reputable fertilizer producer in Vietnam as the Ca Mau Fertilizer Plant officially reached a production milestone of 10 million tons of urea on December 7, 2023.

Each year, PVCFC steadily supplies the market with 860,000 tons of urea for both domestic consumption and export. PVCFC is currently the only domestic producer capable of manufacturing granular urea, suitable for a wide range of crops and soil types, making a significant contribution to the goal of ensuring national food security.

On October 31, 2023, the Ca Mau Fertilizer Plant was officially awarded the Certificate of Record for Safe and Stable Operation for over 350 days at high capacity by Haldor Topsoe. This marks the second time that the Ca Mau Fertilizer Plant has received this record certificate from the European licensor.

Throughout its 12 years of operation, the Ca Mau Fertilizer Plant has been honored by the European licensor, Haldor Topsoe, as being among the “Top 10% of plants with the lowest energy consumption in the world.” It is also part of the elite 10% of high-capacity plants globally that have not undergone major renovations.

In 2023, despite facing numerous challenges, PVCFC successfully achieved all assigned targets and tasks. Notably, PVCFC made significant strides in penetrating and developing the NPK fertilizer market, with annual sales reaching 138.61 thousand tons, representing 166% of the volume sold in 2022.

Aiming to maintain its market share in key markets and expand into new ones, PVCFC continuously adjusted its sales policies and implemented various sales promotion programs throughout 2023. Among these efforts, the “Golden Harvest” program played a crucial role in spreading NPK products widely across cultivation areas and reaching farmers throughout the country.

PVCFC successfully completed the acquisition (M&A) of Han-Viet Fertilizer Company from TKG Taekwang & Huchem Group (South Korea) and officially took over from April 1, 2024.

With the addition of KVF, the company will gain access to a highly competitive source of raw materials to supply the Plant. In addition, the company will have a new NPK brand associated with KVF, with a projected NPK production capacity of 360,000 tons per year, thereby diversifying the products supplied to the market, expanding the market, and increasing market share.

At the annual forum (AF6) of the Vietnam Institute of Directors (VIOD) organized on November 22, 2023, the Board of Directors of PVCFC was honored with the award for “Board of Directors Committed to Good Corporate Governance Practices.” VIOD recognized Boards of Directors with outstanding achievements, meeting strict criteria, and PVCFC was among the Top 12 exceptional companies, surpassing over 500 other listed companies’ boards in the Vietnamese market.

This set of criteria evaluates the most effective Board of Directors’ performance through their role in safeguarding shareholders’ interests, creating value for stakeholders, adhering to principles of effective corporate governance, and contributing to sustainable development and climate change mitigation.

With its brand position and outstanding capabilities, PVCFC was listed among the “Top 50 Best Listed Companies in 2023” by Forbes Vietnam. This marks the third time PVCFC has been honored on this list.

To achieve this result, PVCFC passed several evaluation stages by Forbes Vietnam. In the preliminary round, PVCFC met the conditions of profitability in 2022, with a minimum revenue and market capitalization of 500 billion VND. In the subsequent round, PVCFC was quantitatively scored on five criteria: compound growth rate of revenue, profit, ROE, ROC, and EPS growth. Forbes Vietnam then conducted qualitative research to assess PVCFC’s sustainability level. In 2022, PVCFC achieved record revenue and profit levels, with 16,241 billion VND and 4,596 billion VND, representing increases of 62% and 135%, respectively, compared to 2021.

On November 15, 2023, for the second consecutive time, Ca Mau Fertilizer was honored as a “Community-Oriented Enterprise” at the Saigon Times CSR 2023 program. This award has provided motivation for the company to remain steadfast and committed on its path of development, contributing to a more sustainable and prosperous Vietnamese agriculture.

With 12 years in the market, PVCFC is recognized as one of the most proactive enterprises, leading in the fulfillment of social and community responsibilities, and caring for its employees. Throughout its development journey, PVCFC has dedicated over VND 400 billion to community-focused activities.

As an active member of the Vietnam Business Coalition for Women’s Empowerment (VBCWE), and with practical achievements in promoting gender equality, PVCFC has become one of the first Vietnamese companies to receive gender equality certification using the GEARS tool. This tool and certification were developed by the Australian Government’s Workplace Gender Equality Agency (WGEA) and have been adapted by VBCWE to suit the Vietnamese context.

VBCWE has recognized that PVCFC provides an effective, safe, and happy living and working environment. There is no discrimination, and everyone is confident, autonomous, professional, and united.

On October 29, 2023, the “Exemplary Enterprises for Employees” awards ceremony took place in Hanoi. Ca Mau Fertilizer was one of three units under the Vietnam Oil and Gas Group (PVN) to be recognized and honored at this special event.

The “Exemplary Enterprises for Employees” title aims to commend and honor companies that have made significant efforts to improve the working environment for their employees. PVCFC was highly rated on stringent criteria established by labor and union experts, which ensure a close reflection of the company’s actual practices in employee management and benefits. These criteria include aspects such as income, training, working environment, social welfare, and activities that support both the physical and mental well-being of employees.

At the 2023 year-end summary conference, PVCFC officially launched the first artificial intelligence project in Vietnam’s agricultural sector, named “Anh Hai Ca Mau.” This project has affirmed the company’s position as a pioneering brand, leading in the application of digital technology and being at the forefront of implementing Martech in Ca Mau Fertilizer’s communication and sales promotion activities.

“Anh Hai Ca Mau” will enhance customer experiences, thereby strengthening customer engagement and increasing the brand image of Ca Mau Fertilizer in the minds of consumers.