Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo, HoSE: DPM), a subsidiary of state-owned Petrovietnam, is handling its largest export order of the year, a 45,000-ton shipment of granular urea to India, one of the world’s biggest fertilizer markets. The vessel has docked and commenced unloading operations, which are expected to conclude by August 20.
The company said the deal reflects its strong production capabilities, efficient supply chain, and high product quality, while marking a significant step in its strategy to boost exports, diversify supply sources, and optimize business efficiency. PVFCCo reiterated that exports are undertaken only after meeting domestic demand, and when global prices and conditions deliver better returns than local sales.
Phu My urea exports have reached 120,000 tons so far this year, consolidating the company’s position in key overseas markets and setting the stage for larger contracts. Moving forward, PVFCCo will target high-value industrial customers in Japan, South Korea, Australia, and Taiwan, markets known for stringent quality requirements and long-term supply agreements.
Alongside exports, the company has been ramping up imports of fertilizers, chemicals, and raw materials, including potash, SA, DAP, NPK, organic fertilizers, phosphoric acid (H₃PO₄), and sulfuric acid (H₂SO₄). Since January, PVFCCo has imported about 240,000 tons of these inputs to ensure stable production, broaden supply sources, and support growth.
In the first half of 2025, PVFCCo produced more than 450,000 tons of urea and 111,000 tons of NPK, exceeding its production plan by 36%. Revenue reached VND9.42 trillion ($358.64 million), while net profit rose 2.2% year-on-year to VND890 billion ($33.88 million). Forbes recently named PVFCCo among Vietnam’s top 50 listed companies for 2025.
The company plans to continue cost control, optimize operations, and conduct comprehensive maintenance in the second half of the year, while expanding into organic and bio-fertilizers and increasing export-import activities to surpass its annual targets. On Tuesday, DPM shares closed at VND28,800 ($1.1) on the Ho Chi Minh Stock Exchange.
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