In the ESG framework, "E" for Environmental signifies environmental commitments, "S" for Social reflects social responsibility, and "G" for Governance represents corporate governance – the foundation ensuring these commitments are implemented. At Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo - Phu My), governance is demonstrated by effective operational capabilities, risk control, and building trust among shareholders, customers, partners, and stakeholders.

Nguyen Xuan Hoa, Chairman of PVFCCo - Phu My's board of directors, speaks at the Annual General Meeting 2026. Photo: PVFCCo - Phu My

As a listed enterprise, PVFCCo - Phu My identifies information transparency as a core requirement for corporate governance. The company discloses information as regulated, including business operations, financial reports, annual reports, general meeting documents, development strategies, and other important information. This provides shareholders, investors, and stakeholders a basis to monitor and evaluate the company's activities.

Additionally, the company promotes communication regarding its development direction, digital transformation, green products, sustainable development, and community responsibility. This helps build a transparent and professional corporate image.

In 2025, the corporation released an independent Sustainable Development Report and introduced its sustainable development orientation for the 2026-2030 period, with a vision to 2050. This marks a shift from mere information disclosure to integrating ESG into the company's business production strategy, investment, operations, and performance evaluation.

Alongside transparency requirements, PVFCCo - Phu My focuses on modernizing its governance model to suit new development demands. The roles of the board of directors, executive board, internal control system, auditing, and risk management are strengthened, enhancing operational quality and efficiency throughout the corporation.

Risk management and operational capacity are crucial for enterprises to remain resilient and develop during volatile periods. Photo: PVFCCo - Phu My

From a production standpoint, effective governance is demonstrated by maintaining stable and safe operations at the Phu My Fertilizer Plant following comprehensive maintenance. It also involves promoting technical improvement initiatives, energy saving, cost optimization, and enhanced resource utilization efficiency.

Furthermore, PVFCCo - Phu My strictly adheres to regulations on preventing corruption and negativity, complying with laws, regulatory agency stipulations, and relevant standards. "A culture of compliance and responsibility is not merely an internal requirement, but also the company's commitment to shareholders, partners, customers, and society," a company representative stated.

Another highlight in the "G" pillar is digital transformation in governance. The corporation is actively applying digital technology in business production operations, data management, process digitization, data analysis, and gradually implementing AI to support decision-making. Platforms such as ERP, Data Lakehouse, data management systems, and digital solutions in production, business, and customer care indicate that the company is transitioning from traditional governance methods to a data-driven model. This enhances information processing speed, control capabilities, and operational efficiency throughout the entire system.

The company is actively applying digital technology in business production operations. Photo: PVFCCo - Phu My

Digital transformation in governance extends beyond internal company use to customers and the market. Platforms such as the Phu My application, QR Code and RFID traceability systems, and digital tools for product management and customer care like ZaloOA and digital marketing are enhancing transparency, improving user experience, and strengthening trust in the Phu My brand.

Supply chain management is also a crucial aspect of ESG. PVFCCo - Phu My focuses on selecting and evaluating suppliers and partners based on criteria such as quality, safety, environment, social responsibility, and cooperation effectiveness. Increased transparency in procurement, bidding, collaboration with strategic partners, and supply chain optimization contribute to more efficient resource utilization, reduced risks, and stable business production operations.

The Dan