Major Vietnamese fertilizer companies raise 2026 profit targets

Leading Vietnamese fertilizer producers, Ca Mau Petroleum Fertilizer JSC (DCM) and Petrovietnam Fertilizer and Chemicals Corporation (DPM), have significantly increased their 2026 profit targets following strong business performance.

Ca Mau Petroleum Fertilizer JSC adjusted its consolidated revenue target from 17,615 billion VND to 18,926 billion VND, a 7.4% increase. More notably, its pre-tax profit target rose by 83.3%, from 1,320 billion VND to 2,419 billion VND. The company also increased its urea production plan to 950,000 tons.

Similarly, Petrovietnam Fertilizer and Chemicals Corporation raised its consolidated after-tax profit target to 1,445 billion VND, representing a 113% increase from the original plan. The company also increased its consolidated revenue target to 19,000 billion VND. After nine months, DPM had already achieved 202% of its original annual profit target.