PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo) has been named among the Top 500 leading enterprises in Viet Nam (VNR 500) for the 10th consecutive year.

The VNR500 list, issued by the Viet Nam Report Company, shows PVFCCo maintaining its position as the country’s leading enterprise in the fertiliser industry.

PVFCCo was also named in the list of 50 Most Profitable Large Enterprises in 2016, another new ranking of the Viet Nam Report Company, which aims to honour firms with impressive business results and strong financial capacity, as well as a high level of after-tax profits in the past five years.

VNR 500 rankings are based on revenue, profit, total assets, growth, employee number and other criteria.

Vice President of PVFCCo, Duong Tri Hoi, said the company’s VNR 500 listing created a huge impetus for further development. PVFCCo was currently developing projects operating fertiliser production lines, such as its Phu My NPK Plant, to manufacture high-quality NPK fertiliser.

The company is also operating the Phu My Fertiliser Plant, with a capacity of 800,000 tonnes per year, located in Phu My 1 Industrial Zone in southern Ba Ria–Vung Tau Province, providing about 40 per cent of the market demand for fertiliser.

PVFCCo is also actively developing its chemical segment, striving to become the leading enterprise in the country and the region in the field of chemical production for oil and gas.— VNS