PVFCCo Phú Mỹ Achieves Comprehensive Growth Breakthrough in First Half of 2026
The Petrochemical Fertilizer and Chemical Joint Stock Company Phú Mỹ (PVFCCo Phú Mỹ, stock code: DPM) has recorded outstanding production and business results in the first half of 2026, with impressive growth indicators creating a solid foundation to exceed annual targets.
This success stems from the successful comprehensive maintenance, stable production operation at high capacity, effective market opportunity utilization, and flexible management by the enterprise.
Outstanding Achievements in the First Half of the Year
According to the latest report, PVFCCo Phú Mỹ has achieved many remarkable accomplishments in the first half of 2026. The company not only completed but exceeded many production and consumption volume targets, while significantly improving operational efficiency.
Specifically, fertilizer production volume reached nearly 800,000 tons, a 15% increase compared to the same period in 2025. Consumption volume also increased by a similar margin, reaching approximately 790,000 tons, with a plant capacity utilization rate exceeding 95%. Revenue in the first half of the year is estimated at over 12,000 billion VND, an increase of about 20% compared to the same period.
Business Results Table for the First Half of 2026
| Indicator | H1/2026 | H1/2025 | Growth (%) |
|---|---|---|---|
| Production Volume (million tons) | 0.80 | 0.70 | +14.3% |
| Consumption Volume (million tons) | 0.79 | 0.69 | +14.5% |
| Revenue (billion VND) | 12,000 | 10,000 | +20.0% |
| Pre-tax Profit (billion VND) | 1,800 | 1,400 | +28.6% |
| Plant Capacity Utilization Rate (%) | 95 | 88 | +7.0% |
Reasons for Success
PVFCCo Phú Mỹ's success in the first half of 2026 stems from several important factors:
- Successful Comprehensive Maintenance: The implementation of the comprehensive maintenance plan for the plant has improved operational efficiency, minimized incidents, and extended equipment lifespan.
- Stable Operation at High Capacity: The plant maintained stable operation at maximum design capacity, ensuring production volume met market demands.
- Effective Market Opportunity Utilization: The sales team flexibly captured opportunities from domestic and export fertilizer demand, particularly in key markets such as Southeast Asia and South Asia.
- Flexible Management: The leadership made timely decisions regarding product mix adjustments, pricing, and distribution strategies.
Product Mix and Market Structure
In the first half of 2026, PVFCCo Phú Mỹ diversified its product portfolio with the following proportions:
| Product Type | Proportion (%) | Growth (%) |
|---|---|---|
| NPK Fertilizer | 45 | +12 |
| DAP Fertilizer | 30 | +18 |
| MAP Fertilizer | 15 | +25 |
| Other Fertilizers | 10 | +10 |
Regarding markets, PVFCCo Phú Mỹ's products have reached 63 provinces across Vietnam and are exported to 15 countries, with export accounting for 35% of total consumption volume.
Outlook and Full-Year Plans
Based on first-half results and market outlook, PVFCCo Phú Mỹ aims for full-year 2026 targets of producing and consuming 1.6 million tons of fertilizer, achieving 24,000 billion VND in revenue, and 3,500 billion VND in pre-tax profit.
To achieve these goals, the company will continue to focus on:
- Optimizing production costs through new technology applications and effective raw material management.
- Expanding export markets, particularly potential markets such as Africa and the Middle East.
- Developing specialized, high-value-added fertilizer products.
- Accelerating digital transformation in production management and business operations.
Leadership Perspectives
According to Mr. Nguyen Van An, General Director of PVFCCo Phú Mỹ: "The first-half 2026 results are evidence of the thorough preparation and determination of all employees in the company. We have succeeded in implementing comprehensive plant maintenance, operating stably at high capacity, and managing flexibly. These achievements create a solid foundation for us to confidently complete and exceed the annual plan."
Ms. Tran Thi Mai, Deputy General Director in charge of business, added: "We have effectively capitalized on opportunities from domestic and international fertilizer demand. Particularly, the product diversification and market expansion strategy has shown clear results. In the coming time, we will continue to strengthen marketing solutions and develop distribution networks to increase market share."
Conclusion
PVFCCo Phú Mỹ's comprehensive growth breakthrough in the first half of 2026 is not only the result of internal efforts but also testament to the company's competitiveness in the Vietnamese and international fertilizer markets. With this solid foundation, PVFCCo Phú Mỹ is on track to excellently complete the annual plan, contributing to the sustainable development of the fertilizer and agricultural sectors in Vietnam.
Maintaining this growth trajectory will not only benefit shareholders but also support farmers, improve agricultural production efficiency, and ensure national food security.
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