PetroVietnam Fertilizer and Chemicals

What PetroVietnam Fertilizer and Chemicals does

PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo, brand: Phu My) is a Vietnam-based publicly listed manufacturer of fertilizers and chemicals, established in 2003 and operating the Phu My Fertilizer Plant since 2004. The company is a subsidiary of Vietnam Oil and Gas Group (Petrovietnam) and trades on the Ho Chi Minh Stock Exchange under ticker DPM. PVFCCo operates a diversified product portfolio spanning fertilizers (urea, NPK compound, DAP, potassium, ammonium sulfate, organic and biofertilizers) and chemicals (ammonia, CO2 in raw and food-grade, DEF/AdBlue, UFC85, and petroleum products for oil and gas). Manufacturing relies on licensed technologies from Haldor Topsoe A/S (Denmark) for ammonia and Incro S.A (Spain) for NPK, with annual nameplate capacities of 800,000 tons urea, 540,000 tons ammonia, and 250,000 tons NPK, supplying more than 1.2 million tons of fertilizers and chemicals annually. The company holds approximately 35% of Vietnam's urea market and 20% of the NPK segment.

Name

PetroVietnam Fertilizer and Chemicals

Legal name

PetroVietnam Fertilizer and Chemicals Corporation - JSC (Tổng công ty Phân bón và Hóa chất Dầu khí - CTCP)

Website

https://dpm.vn

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PetroVietnam Fertilizer and Chemicals (PVFCCo) is a Vietnam-based listed manufacturer of fertilizers (urea, NPK, DAP, potassium) and chemicals (ammonia, CO2, DEF, UFC85) holding ~35% of Vietnam's urea market, serving farmers, industrial buyers, and beverage brands. Subsidiary of Petrovietnam; HSX: DPM.

Ownership category

akta.pro rank

Product category

Agricultural Fertilizers and Chemicals

NAICS

Fertilizer and Compost Manufacturing (32531), Nitrogenous Fertilizer Manufacturing (325311), Basic Chemical Manufacturing (3251), Petrochemical Manufacturing (32511)

SIC

Chemicals & Allied Products (2800), Industrial Organic Chemicals (2860), Industrial Inorganic Chemicals (2810)

akta.pro industry

PRIMARYIMAEAEAD

NPK & Compound/Blended Fertilizers

Industrials, Manufacturing & Construction/Chemicals & Industrial Materials/Fertilizers & Agricultural Chemicals

SECONDARYAFABABAH

Fertilizer Raw Materials & Intermediates (Phosphate Rock, Sulfuric/Phosphoric Acid, Potash Ore/Brines)

Agriculture & Food Production/Agricultural Inputs & Agrochemicals/Fertilizers (Nitrogen, Phosphate, Potash)

SECONDARYIMAEAAAD

Commodity Monomers & Feedstocks (e.g., Methanol, Ethylene Oxide)

Industrials, Manufacturing & Construction/Chemicals & Industrial Materials/Basic & Commodity Chemicals

SECONDARYEUALAHAE

Syngas & Hydrogen Feedstocks (SMR/ATR, Refinery/Petrochem H2)

Energy, Utilities & Environment/Oil & Gas (Upstream, Midstream, Downstream and Refining)/Petrochemicals & Chemical Feedstocks (Ethane/Propane/Naphtha, Aromatics, Olefins)

Keywords

• Fertilizer manufacturing
• Nitrogen fertilizer
• NPK compound fertilizer
• Ammonia production
• Agricultural chemicals

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Fertilizer Sales: Primary revenue from manufacturing and selling fertilizers including urea, NPK compounds, organic fertilizers, biofertilizers, potassium, DAP, and ammonium sulfate. Supplies over 1.2 million tons annually to domestic and global markets.
2. Chemical Products Sales: Revenue from chemical products including ammonia (largest producer in Vietnam with ~90% southern market share), CO2 (raw and food-grade), UFC85, petroleum products, and DEF (diesel exhaust fluid).
3. Specialty Chemical Products: UFC85 is the exclusive product of its kind in Vietnam with 15,000 tons/year capacity. DEF Phu My Xanh for diesel emission treatment. Food-grade CO2 supplied to major beverage brands.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels4 records

Core offering

PVFCCo (Phu My) manufactures and distributes fertilizers and chemicals from its Phu My Fertilizer Plant and supporting facilities. Primary products include Phu My Urea, NPK compound fertilizers, DAP, Potassium (MOP and SOP), Ammonium Sulfate, organic and biofertilizers, plus industrial chemicals including ammonia (NH3), CO2 (raw and food-grade), DEF Phu My Xanh, UFC85, and petroleum products for oil and gas exploration. Annual supply exceeds 1.2 million tons to domestic and global agricultural and industrial markets.

Product overview

PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo - Phú Mỹ) operates as a leading fertilizer and chemical manufacturer in Vietnam with a diversified product portfolio. The company produces three main product categories: (1) Fertilizers including Phu My Urea, Phu My Urea + Kebo, Phu My DAP, Phu My Potassium (MOP and SOP), Phu My SA, NPK compound fertilizers in multiple formulations (15-15-15+TE, 16-16-16+TE, 20-20-15+TE, and specialized variants), Organic fertilizers (Phu My Organic 60/70), and Sumagrow Inside BioFertilizer; (2) Chemicals including NH3 (ammonia), CO2 (raw material and commercial/food-grade), DEF Phu My Xanh (diesel exhaust fluid), UFC85, and petroleum products for oil and gas; (3) Urban crop solutions under Phu My Garden sub-brand. The company operates production facilities including urea plant (800,000 tons/year), NPK plant (250,000 tons/year using Incro S.A technology from Spain), expanded ammonia plant (540,000 tons/year), and supplies approximately 1.2 million tons of fertilizers and chemicals annually, holding approximately 35% of Vietnam's urea market and 20% of NPK segment. The company launched new brand identity 'Phú Mỹ - Sẻ chia thịnh vượng' in 2024.

Differentiator

Problem solved

Functional benefit

Brands

• Phu My Fertilizer: Market-leading fertilizer brand delivering high-quality, integrated solutions for agricultural applications including urea, NPK, organic fertilizers, and biofertilizers.
• Phu My Chemical
• Phu My Garden
• Phu My Organic
• Phu My Xanh/DEF

Products and services

• Phu My Urea Primary nitrogen fertilizer produced at Phu My Fertilizer Plant with high nitrogen content (46.3%), low moisture and biuret, meeting international standards. Also used as raw material in wood processing, adhesives, and other chemical industries.
• Phu My Urea + Kebo Phu My Urea enriched with micronutrients Boron (B) and Zinc (Zn), enhancing plant nutrient absorption, addressing micronutrient deficiencies, and improving plant resistance and agricultural produce flavor.
• Phu My Urea (Specialized for Agricultural and Forestry Farms) Prilled urea fertilizer with uniform, clear granules that dissolve quickly, delivering timely nutrients and minimizing fertilizer losses. Designed for agricultural and forestry farm applications.
• Phu My Urea (Industrial Grade) Special urea type without anti-caking additives, designed for industrial applications including wood processing, adhesives, and chemical manufacturing.
• Phu My DAP High-quality compound fertilizer containing Nitrogen (N, minimum 18%) and Phosphorus (P, minimum 46%) essential for plant growth.
• Phu My Potassium (MOP) Potassium fertilizer with high potassium content (60-61% K2O), available in powdered and granular (flake) forms. PVFCCo is one of the largest importers and suppliers of potassium in Vietnam with annual volume of approximately 150,000 tons.
• Phu My Potassium (SOP) Potassium sulfate (SOP) fertilizer with high potassium content (50% K2O) and 17% Sulfur (S), suitable for chloride-sensitive crops.
• Phu My SA Fertilizer (Ammonium Sulfate) Ammonium sulfate-based nitrogen fertilizer containing Nitrogen (N, minimum 20%) and Sulfur (S, minimum 23%) essential nutrients. Imported by PVFCCo, packaged in 50kg bags.
• Phu My NPK Compound Fertilizer Compound fertilizers produced at Phu My NPK Plant using chemical technology from Incro S.A Spain. Multiple formulations including 15-15-15+TE, 16-16-16+TE, 20-20-15+TE, and many specialized ratios for different crops and regions.
• Phu My Organic 70 Organic fertilizer with 70% organic content, enriched with Calcium and humic acid. Produced and packaged in Japan, suitable for soil improvement and used for food crops, industrial crops, fruit trees, and vegetables.
• Phu My Organic 60 Organic fertilizer with 85% organic content (85% organic matter, 12% moisture, pH 5.3), imported from Japan. Improves soil structure and enhances soil fertility.
• Sumagrow Inside BioFertilizer Biological fertilizer containing 30+ beneficial microbes (1 trillion CFU/ml) including Bacillus subtilis, Trichoderma, and Pseudomonas putida. Improves soil health, solubilizes nutrients, and enhances crop resilience. Certified organic by OMRI.
• Phu My Xanh/DEF (Diesel Exhaust Fluid) High-purity deionized urea solution (32.5% urea, 67.5% deionized water) used to treat exhaust emissions from diesel engines via Selective Catalytic Reduction (SCR) system, reducing NOx emissions by up to 90%. Meets ISO 22241 standard with SGS certification.
• NH3 (Ammonia) Largest producer and distributor of ammonia in Vietnam with 540,000 tons per year capacity. Uses proprietary technology from Haldor Topsoe A/S (Denmark). Supplies 80,000 tons per year to external customers, holding about 90% of southern region ammonia market share.
• CO2 Raw Material Raw CO2 production from ammonia process reaching approximately 300,000 tons per year, supplied to various industrial manufacturers.
• CO2 Commercial (Food-Grade) Food-grade CO2 production of about 50,000 tons per year, meeting ISBT standards and supplied to major beverage brands including Pepsi, Coca-Cola, and Heineken.
• UFC85 Exclusive product in Vietnam with 15,000 tons per year capacity. Used in urea fertilizer production as anti-caking additive, as adhesive in wood industry, and as preservative in healthcare and food applications.
• Petroleum Products Specialized chemicals and chemical products for oil and gas exploration including drilling platform chemicals with capacity of approximately 4,000 tons per year. Manufactured according to Baker Hughes global standards.
• Phu My Garden Urban crop solutions brand providing fertilizer products and techniques for growing fruits, root vegetables, leafy vegetables, and ornamental plants in urban settings.

Quantifiable outcome

• 72% of core business processes digitized, Digital Business Index score of 3.0/5.0
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and strategic.

• Baker HughescoreTechnology or IntegrationPVFCCo manufactures petroleum products according to global standards of Baker Hughes, fully meeting stringent requirements of the world oil and gas industry and Vietnam's standards. Annual capacity of approximately 4,000 tons per year for oil and gas exploration including drilling platform chemicals.
• Incro S.A (Spain)coreTechnology or IntegrationNPK production technology licensed from Incro S.A of Spain - described as the most advanced NPK production technology in the world. Phu My NPK Plant uses this technology to manufacture hundreds of different product formulations.
• Haldor Topsoe A/S (Denmark)coreTechnology or IntegrationAmmonia production technology from Haldor Topsoe A/S (Denmark). With 540,000 tons/year capacity after 2018 expansion, PVFCCo became Vietnam's largest ammonia producer using this proprietary technology.
• NSRP (Nghi Sơn Refinery & Petrochemical)strategicStrategic or Co-development PartnerPVFCCo plans to participate in petrochemical projects at Nghi Sơn through NSRP. Discussions ongoing with Petrovietnam units including Vietsovpetro, PV GAS, PVEP, PV Chem, PTSC, PVMR regarding chemical chain projects.
• Petrovietnam (Vietnam National Oil and Gas Group)coreStrategic or Co-development PartnerParent company and strategic partner. Tổng Giám đốc Petrovietnam Lê Mạnh Cường and Petrovietnam leadership directly oversee PVFCCo strategy, investment plans (2026-2030), and provide guidance on long-term gas supply and chemical chain development.

Scale indicators21 records

Recent moves12 records

Expansion highlights6 records

Broad incumbents

• India Farmers Fertiliser Cooperative (IFFCO): Largest Indian fertilizer cooperative producing urea, DAP, NPK, and biofertilizers at scale; comparable in volume, nationwide dealer distribution in a major agricultural economy, and brand-driven farmer engagement model.
• Yara International ASA: Global nitrogen fertilizer leader headquartered in Norway with full value chain from ammonia to specialty crop nutrition; comparable in terms of product mix (NPK, urea, ammonia) and downstream industrial gas exposure.
• CF Industries Holdings: Largest North American producer of nitrogen fertilizers (NYSE: CF) with significant ammonia, urea, and UAN capacity; directly comparable to PVFCCo in nitrogen value chain economics and technology licensing profile.
• Nutrien Ltd. World's largest fertilizer producer (NYSE/TSX: NTR) supplying nitrogen, phosphate, potash, and specialty plant nutrition globally; comparable in scale of operations and integrated fertilizer-retail model.
• Sinofert Holdings Ltd. China's largest fertilizer importer and distributor (HKEX: 0297) with broad NPK, urea, and potash franchise; comparable in scale, integrated business model, and Asian market exposure.

Direct peers

• Coromandel International Ltd. Indian fertilizer and specialty nutrients company (NSE: COROMANDEL) with Urea, DAP, NPK, and biofertilizer products; comparable product portfolio, regional Asian focus, and distribution-led GTM.
• Deepak Fertilizers and Petrochemicals Corp. Indian producer (NSE: DEEPAKFERT) of nitrogen fertilizers, NPK compounds, and industrial chemicals including ammonia and CO2. Closely comparable in product mix (fertilizers + chemicals) and emerging-market positioning.
• Chambal Fertilizers and Chemicals Ltd. Indian urea and NPK producer (NSE: CHAMBLFERT) belonging to the Birla Group, with a single-plant asset model similar to PVFCCo's Phu My complex and comparable scale (1.5-2 million tons).
• Lam Thao Fertilizers and Chemicals JSC: Vietnamese state-owned fertilizer manufacturer (HNX: DCL) producing phosphate and NPK fertilizers, directly competing with PVFCCo across Vietnam's northern and central agricultural markets.
• Binh Dien Fertilizer JSC: Vietnamese public fertilizer producer (HOSE: BFC) with NPK, urea, and compound fertilizer offerings competing directly with PVFCCo's Phu My portfolio in the domestic Vietnamese market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/petrovietnam-fertilizer-and-chemicals-corporation---jsc

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PetroVietnam Fertilizer and Chemicals