PVFCCo Putting Farmers’ Interests on Top

The successful management and operation of Phu My nitrogenous fertiliser plant, the first of its kind invested by the petrochemical industry of Vietnam, is the very symbol of developing internal forces to save billions of US dollars for the country from importing fertilisers. The successful operation of Phu My fertilizer plant in the past seven years has helped stabilise fertiliser supply for Vietnamese agriculture. The facility reached the first mark of 5 million tonnes of nitrogenous fertilisers on August 6, 2011. This very important supply has actively helped farmers cultivate crops favourably in the past time, stabilise the domestic fertiliser market, ensure national food security, motivate the Government-initiated “Vietnamese use Vietnamese goods first” campaign, and change the rural appearance.

 

Tasked to meet the maximum domestic demand for nitrogenous fertilisers, PVFCCo has constantly maintained stable production and ensured import sources with the highest quality and best prices to offset domestic supply shortfall. PVFCCo has imported some 130,000 tonnes of urea fertilisers in the first 10 months in 2011 and expects to import about 50,000 tonnes in last two months of the year to supplement the supply for the domestic market. The corporation plans to manufacture 150,000 tonnes of fertilisers produced for the 2011 - 2012 winter - spring crop, thus supplying nearly 200,000 tonnes for this harvest. Most of this supply has been positively transferred to general warehouses and entrepots to ensure availability and timely delivery. As regards prices, PVFCCo continues to strengthen control over price tagging, apply stable ceiling price policy, and supervise sales through the distribution system, and minimise trading stages to keep prices low.

 

PVFCCo is a leading manufacturer and trader of fertilisers and chemicals in Vietnam. Recently, the ĐẠM PHÚ MỸ (Phu My Fertiliser) brand of PVFCCo continued to be honoured with the Top 10 Vietnam Gold Star Award and was voted the Top 10 performer of corporate social responsibility in 2011. Following the successful operation of Phu My fertilizer plant, under the direction of the Vietnam National Oil and Gas Group (PetroVietnam), PVFCCo is actively preparing necessary resources to be able to distribute and sell its Ca Mau nitrogenous fertilisers. Besides, the corporation expands its fertiliser production, trading, import and export and boosts overseas investment, aiming to become a leading manufacturer and trader of fertilisers and chemicals in the region.

 

In 2011, PVFCCo has actively restructured its member units to match new development requirements, and improve operating efficiency and transparency in the coming years. Basically, the corporation has completed the restructuring plan and roadmap in terms of personnel, governance, capital, and human resources. Mr Cao Hoai Duong, General Director of PVFCCo, said: "The corporate restructuring programme is an important task that the corporation is endeavouring to utilise, promote and stimulate its existing strengths and potential to enhance competitiveness, readiness to cope with difficulties and challenges in the new era, create a solid foundation for the sustainability of PVFCCo, and maintain the leading position in fertiliser and chemical production and trading in Vietnam and overseas. In the near future, the corporation will be a powerful regional and international concern.”