Transparent Governance: The Sustainable Foundation of PVFCCo – Phú Mỹ's ESG Journey

At PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo – Phú Mỹ), a member unit of Vietnam National Industry – Energy Group (Petrovietnam), governance means more than legal compliance. It reflects the capacity for effective management, sound risk control, and long-term trust-building with shareholders, customers, partners, and stakeholders.

Transparent Disclosure: Strengthening Stakeholder Trust

Within the ESG framework, if "E – Environmental" represents environmental commitment and "S – Social" reflects social responsibility, then "G – Governance," or corporate governance, is the foundation that ensures these commitments are implemented substantively.

As a company listed on the Vietnamese stock exchange, PVFCCo – Phú Mỹ regards information transparency as a core requirement of corporate governance. The Corporation consistently discloses and promptly updates key information, including business operations, financial statements, annual reports, General Meeting of Shareholders (AGM) documents, resolutions, development strategies, plan implementation results, and other information as required by regulations.

Mr. Nguyễn Xuân Hòa, Chairman of the Board of Directors of PVFCCo – Phú Mỹ, speaks at the 2026 Annual General Meeting of Shareholders, an event honored among the Top 10 Outstanding AGMs at the AGM Awards 2026.

Information disclosure serves not only regulatory requirements, but primarily gives shareholders, investors, and stakeholders a solid basis to monitor and evaluate the Corporation's performance. Alongside this, PVFCCo – Phú Mỹ prioritizes timely, diversified communication on its operations, development orientation, green product strategy, digital transformation, sustainable development, and community responsibility. Through these efforts, the Corporation is steadily building its image as a professional, responsible, and forward-looking listed company.

A key governance milestone was PVFCCo – Phú Mỹ's publication of its standalone 2025 Sustainability Report, alongside communication of its sustainable development orientation for 2026–2030, with a vision to 2050. This is more than a disclosure exercise — it marks a shift from awareness to action in embedding ESG into the Corporation's governance system. Through this shift, environmental, social, and governance targets are progressively integrated into business strategy, investment planning, operations, and performance evaluation across all units.

Modern Governance, Risk Control, and Operational Efficiency

Beyond transparency, PVFCCo – Phú Mỹ is refining its governance model toward modern standards, aligned with best practices and the demands of this new phase of growth. The roles of the Board of Directors, the Board of Management, internal control systems, audit, and risk management are being continuously strengthened, raising management quality and operational efficiency across the Corporation.

Risk management and operational capability have become key factors enabling PVFCCo – Phú Mỹ to remain resilient and grow through a period of volatility.

Amid frequent and unpredictable market volatility, risk management and operational capability have become decisive factors for resilience and growth. Flexible coordination of production and business activities, agile response to challenges, timely capture of opportunities, expansion of the product and market portfolio, and deeper cooperation with strategic partners — these are the key levers behind PVFCCo – Phú Mỹ's strong adaptability, and its path toward long-term stability and growth.

On the production front, effective governance is reflected in the stable, safe operation of the Phú Mỹ Fertilizer Plant following its comprehensive turnaround maintenance, alongside continued technical improvement initiatives, energy savings, cost optimization, and more efficient resource use. These results carry economic significance, and they also contribute directly to the Corporation's sustainability goals, reduced environmental impact, and long-term competitiveness.

PVFCCo – Phú Mỹ also upholds business ethics, integrity, and accountability across the entire system. Strict enforcement of anti-corruption regulations, together with full compliance with legal requirements, regulatory standards, and related benchmarks, forms an essential foundation for protecting corporate reputation. This culture of compliance and accountability is not merely an internal requirement — it is PVFCCo – Phú Mỹ's commitment to its shareholders, partners, customers, and society.

Digital Transformation, Supply Chain Governance, and Long-Term Sustainability

A standout highlight of the "G" pillar at PVFCCo – Phú Mỹ is digital transformation in governance. The Corporation has been accelerating the application of digital technology in business operations, data governance, process digitization, data analytics, and, increasingly, artificial intelligence (AI) to support decision-making. Platforms such as ERP, a Data Lakehouse, data governance systems, and digital solutions for production, business, and customer care show that PVFCCo – Phú Mỹ is shifting from traditional governance methods toward a data-driven governance model — one that improves the speed of information processing, control capability, and operational efficiency system-wide.

PVFCCo – Phú Mỹ has been accelerating the application of digital technology in business operations.

Digital transformation in governance extends beyond internal operations to customers and the market. Platforms such as the Phú Mỹ app, QR code and RFID-based traceability systems, and digital tools for product management and customer care, including ZaloOA and digital marketing, are enhancing transparency, improving user experience, and strengthening trust in the Phú Mỹ brand.

Supply chain governance is also gaining importance within the ESG agenda. PVFCCo – Phú Mỹ carefully selects and evaluates suppliers and partners based on quality, safety, environmental, social responsibility, and cooperation-effectiveness criteria. Greater transparency in procurement and tendering, closer cooperation with strategic partners, and supply chain optimization are together improving resource efficiency, reducing risk, and ensuring stability in business operations.

In sum, the "G" pillar of ESG at PVFCCo – Phú Mỹ is being expressed across multiple dimensions: information transparency, governance aligned with modern practice, digital transformation, risk management, business ethics, supply chain governance, brand governance, and sustainable development. On a governance foundation that is stable, transparent, and progressively modernizing, PVFCCo – Phú Mỹ is reinforcing the trust of its shareholders, investors, customers, partners, and community — while building the capacity to strengthen competitiveness, grow brand value, and continue contributing to the sustainable development of Vietnam's economy.