Ca Mau targets increased revenue

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PetroVietnam Ca Mau Fertiliser Company Limited (PVCFC) is set to earn VND5.66 trillion (US$269 million) in revenues in 2014 from the sale of 780,000 tonnes of fertiliser.

PetroVietnam Ca Mau Fertiliser Company Limited (PVCFC) is set to earn VND5.66 trillion (US$269 million) in revenues in 2014 from the sale of 780,000 tonnes of fertiliser.— Photo cafebiz

Ca Mau (Biz Hub)— PetroVietnam Ca Mau Fertiliser Company Limited (PVCFC) is set to earn VND5.66 trillion (US$269 million) in revenues in 2014 from the sale of 780,000 tonnes of fertiliser.

According to Chairman of the Board Nguyen Duc Thanh the company will continue to promote campaigns to introduce its products and expand markets in the country's northern and central regions, as well as in Cambodia, Thailand, the Republic of Korea and the Philippines.

PetroVietnam Ca Mau has committed to providing enough fertiliser for farmers in the Cuu Long (Mekong) Delta region, the country's largest rice bowl, and is seeking markets for rice to ensure their interests, Thanh added.

Last year, the company fulfilled its yearly target 15 days ahead of schedule. PVCFC produced 780,000 tonnes of urea, with nearly 750,000 tonnes sold, earning about VND6.443 trillion ($306.8 million). The figure represents a year-on-year increase of 60 per cent in both volume and value.—VNS

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