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On April 22, 2026, Ca Mau Fertilizer and Petrochemical Joint Stock Company (PVCFC, HOSE: DCM), a subsidiary of Petrovietnam, held its 2026 Annual General Meeting of Shareholders (AGM) in a hybrid format, combining in-person attendance and electronic voting to ensure compliance with applicable laws and the company’s charter.
Major shareholders attended, led by Vietnam National Petroleum and Gas Group (Petrovietnam), represented by Mr. Bùi Minh Tiến (Member of the Supervisory Council) and Mr. Lê Xuân Huyên (Deputy General Director), along with representatives from the Group’s professional departments.
For PVCFC, the meeting was attended by Mr. Trần Ngọc Nguyên (Chairman of the Board), Mr. Văn Tiến Thanh (Board member and CEO), Mr. Tống Việt Thống (Head of the Supervisory Board), and other board members, members of the Management Board and Supervisory Board, leaders of subsidiaries, and a large number of shareholders representing a majority of the company’s voting rights.
In 2025, PVCFC reported positive business results, including consolidated revenue of VND 17,033 billion (the highest on record), reaching 107% of plan. Pre-tax profit was VND 2,207 billion, achieving 137% of plan. Urea output (converted) reached a record 966.73 thousand tons.
Export activity remained a highlight, with 458 thousand tons shipped, valued at USD 192.7 million, and deliveries to more than 20 countries. PVCFC previously received Level One certification from Australia’s agricultural regulatory authority (the highest level in the fertilizer import management system). Building on this, the company shipped its first lot to the United States early in the year and gradually expanded its presence in markets with high standards.
The company described 2020–2025 as a five-year period of strong and sustainable development, evolving from a fertilizer producer into a provider of comprehensive plant-nutrition solutions, then into farming-practice solutions, and finally crop-care applications.
Q1 2026 results continued to show resilience. Revenue reached VND 5,386 billion and pre-tax profit was VND 878 billion, both exceeding the plan. Sales volume surpassed 465 thousand tons, equivalent to 145% of the plan.
At the AGM, shareholders approved the 2026 business plan with key targets: consolidated revenue of VND 17,615 billion; pre-tax profit of VND 1,319 billion; urea-equivalent output of 926 thousand tons; and NPK output of 350 thousand tons.
In the context of global fertilizer markets facing risks from energy price volatility, supply-chain disruptions, and input-cost pressures, PVCFC stated it will continue focusing on operational optimization, increasing production efficiency, accelerating digital transformation, expanding export markets, and developing new products in a sustainable direction.
A central theme at the meeting was the development direction under a multi-pillar model. In addition to fertilizer production, PVCFC is expanding into industrial gases and chemicals and post-harvest agricultural activities.
Investment activities are also being implemented along the value chain, including expanding plant capacity and developing port and warehouse systems, as well as high-tech agriculture and processing projects. The company said this approach supports a gradual shift from an input-supplier role toward deeper participation across the production–consumption value chain.
The AGM also marked an organizational shift as PVCFC restructures leadership for the 2026–2031 term, aiming to strengthen governance, improve market responsiveness, and support long-term strategy execution.
Shareholders approved personnel changes for the 2026–2031 period, including resignations and elections/appointments for the Board of Directors and Supervisory Board. Accordingly, Mr. Văn Tiến Thanh was elected Chairman of the Board; Mr. Nguyễn Thanh Tùng was appointed as a Board member and CEO; Mr. Nguyễn Văn Sơn was elected as an Independent Board member; Mr. Bạch Đức Long was elected as a Board member; Mr. Phạm Minh Vĩ was appointed Head of the Supervisory Board; and Mr. Đinh Nhật Dương was appointed as a Supervisory Board member.
Since late 2025, migrating to a corporate group model has expanded growth space, enabling the company to allocate resources more proactively and develop related areas, which PVCFC described as a foundation for large-scale plans over the next five years.
The company also said it continues to enhance its governance framework in line with best practices by integrating ESG factors, standardizing procedures, and accelerating digital transformation, while maintaining a leading position in governance and sustainable development, supported by multiple accolades in 2025.
PVCFC aims to become a leading enterprise in Southeast Asia in fertilizer, industrial gases, and chemicals, while expanding into biotechnology and agricultural processing. The strategy combines depth and breadth, aligned with technology innovation and sustainable development.
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