Phu My Fertilizer to pay 2023 cash dividends at 20%

Phu My Fertilizer to pay 2023 cash dividends at 20%

Petrovietnam Fertilizer and Chemicals Corporation (Phu My Fertilizer) plans to pay cash dividends at a rate of 20%, equivalent to VND783 billion ($31.32 million), in 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Proper fertilizer use cuts costs, boosts coffee output in Vietnam Central Highlands

Proper fertilizer use cuts costs, boosts coffee output in Vietnam Central Highlands

Coffee farmers in the Central Highlands province of Lam Dong have been able to reduce costs by 10-15% and boost yield by 20% with proper use of fertilizers.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

NPK Phu My fertilizers gain brand recognition with continuous improvements, new products

NPK Phu My fertilizers gain brand recognition with continuous improvements, new products

NPK Phu My fertilizers have gained a strong market foothold and become a leading brand thanks to workers’ wholehearted dedication to perfecting existing products and producing new ones, the company said.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Petrovietnam subsidiary builds classrooms for primary school in Quang Binh province

Petrovietnam subsidiary builds classrooms for primary school in Quang Binh province

Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo), a subsidiary of state-owned Petrovietnam, last week handed over a function room and classroom building to Primary School No. 2 in Quang Phuc ward, Ba Dong township, in the central province of Quang Binh.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam plans to raise green hydrogen output

Vietnam plans to raise green hydrogen output

Vietnam plans to expand its annual hydrogen output produced by renewable energy to 100,000-200,000 tons in 2030 and 10-20 million tons in 2050, according to a draft strategy released by the Ministry of Industry and Trade.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Australia agrotech RLF invests $2 mln in Vietnam agricultural distributor

Australia agrotech RLF invests $2 mln in Vietnam agricultural distributor

Australia’s RLF AgTech Ltd., an agriculture-technology (agrotech) business, will invest AUD3.3 million ($2.14 million) in Kona Crop Science, a Ho Chi Minh City-based distributor of agricultural products, in order to reach the Vietnamese market.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major fertilizer firms' profits drop sharply in Q1

Major fertilizer firms' profits drop sharply in Q1

Twenty six listed fertilizer companies in Vietnam posted a combined after-tax profit of VND1.38 trillion ($58.6 million) in the first quarter of the year, down 81% year-on-year, according to KIS Vietnam Securities.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Leading fertilizer firms forecast slump in profits this year

Leading fertilizer firms forecast slump in profits this year

PetroVietnam Camau Fertilizer JSC and Petrovietnam Fertilizer & Chemicals Corporation, two subsidiaries of Petrovietnam, have set very low business targets for 2023 after a year of record profits.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fertilizer firms advised to cut costs, save energy amid less favorable conditions

Fertilizer firms advised to cut costs, save energy amid less favorable conditions

Fertilizer producers should reduce costs, use energy efficiently, and optimize production processes as favorable factors for business are forecast to decrease in 2023, said Phung Ha, vice president and general secretary of the Vietnam Fertilizer Association.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fertilizer producers record profits exceeding year plans

Fertilizer producers record profits exceeding year plans

Many fertilizer companies have reported after-tax profits exceeding the whole year's plan in the first nine months of the year as prices remained high.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam willing to import more F&B products from Eurasia: minister

Vietnam willing to import more F&B products from Eurasia: minister

Vietnam is willing to import more food and fertilizer products from Eurasia, Minister of Industry and Trade Nguyen Hong Dien said in Moscow Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam Electricity gets okay for $1.2 bln power project in Mekong Delta

Vietnam Electricity gets okay for $1.2 bln power project in Mekong Delta

Can Tho has agreed in principle for state utility Vietnam Electricity (EVN) to build a significant gas-fired power plant in the Mekong Delta province.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Double-digit growth expected for Vietnam fertilizer market in next decade

Double-digit growth expected for Vietnam fertilizer market in next decade

A compound annual growth rate (CAGR) of 16.2% over the next decade is forecast for the fertilizer market in Vietnam, where agriculture is the largest employer, according to Research and Markets.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7