PVFCCo targets $1.1 billion annual revenue by 2030

PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo) has approved its business production plan for the 2026–2030 period. As the largest fertilizer producer in Vietnam, holding a 40% market share of domestic urea, the company aims to reach an annual revenue of over $1.1 billion (31,220 billion VND) and a profit after tax of 1,480 billion VND by 2030.

Over the full five-year period, PVFCCo expects consolidated revenue to reach between 113,680 and 115,950 billion VND, representing an average annual growth rate of 14.1% to 14.6%. Profit growth is projected to outpace revenue, with annual after-tax profit expected to increase by 21.6% to 21.9%.

A strategic shift in product structure is central to this plan, with chemicals identified as a new growth driver. By 2030, the consumption of new chemical products is projected to reach 1,040.8 thousand tons, accounting for nearly half of the company's total product consumption. Urea and NPK products will remain core pillars of the company's output.