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(VEN) - For PVFCCo, an enterprise operating in the field of applying high technology to produce urea from natural gas, responds to the 28th ASEAN Ministers on Energy Meeting (AMEM 28) is an important event. In AMEM 28, the ministers of ASEAN countries will share their experiences, find out more practical solutions and ink cooperative agreements to deliver new technologies in the search and development of new and alternative energy sources.
This will be one of evidences showing typical determination of the Party, the State, the Government and Vietnamese people in the role as the chairman of ASEAN 2010 to enhance cooperation to effectively respond to climate change and save energy.
For more than six years of operation, PetroVietnam Fertilizer and Chemicals Company (PVFCCo.) has witnessed strong changes, especially the successful implementation of the equitization plan; transformation of its operation into the parent company - subsidiary company model; successful listing of 380 million shares on the stock exchange and simultaneously being one of businesses with the largest capitalization on the Ho Chi Minh City Stock Exchange (HOSE). The company has successfully completed business tasks with high turnover and profits, greatly contributing to the state budget, providing half of the total domestic demand for fertilizer annually, contributing to reduce the balance of foreign currency for the country with nearly US$1.3 billion to import fertilizers; well performing price stabilization and inflation curb program of the Government, the Ministry of Industry and Trade and the Vietnam Oil and Gas Group (PetroVietnam). Besides, the company has effectively carried out the industry, agriculture alliance policy of the Party and the State, in the meantime it is one of the leading units of PetroVietnam in the implementation of social welfare policies.
In addition, the company has developed an extensive distribution system across the country with five distribution companies, 58 agents and 37 stores contracted directly by the company (level 1) and 2,593 stores contracted by agents (level 2) to provide fertilizers to local farmers. The company has established a successful brand name "Phu My Fertilizer: for abundant crops", and its products are familiar and fond by consumers and farmers. This is also a symbol of sustainable development, reliable quality, and environmental friendliness.
Along with pushing the production and business activities, the company tries to maintain Phu My Fertilizer brand name as a symbol of sustainable development, reliable quality, the environment friendliness that is always trusted by customers and farmers. PVFCCo is set to apply international management systems ISO 9001-2008, ISO 14001, OHSAS 18001 into production, trade and management; further strengthen the relationships with scientists on research and development of new products; promote the production and trade of chemicals; train to improve staff’s qualification especially skilled technical staff to handle the assigned tasks and undertake the role of experts in domestic and international projects on nitrogenous fertilizer production.
The company’s development strategy until 2015 and orientations to 2025 has approves the overall goal to develop PVFCCo into a strong enterprise with multi-sector production and trade in the field of fertilizers and chemicals in the country and the area." Therefore the company has identified its tasks in the next five years as follows: becoming one of the largest manufacturers and distributors of chemicals and fertilizers in Vietnam; operating efficiently and stably the Phu My fertilizer, NPK Phu My and amoniac plants./.
Nguyen Hung
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