PVFCCo – Phú Mỹ and NSRP Discuss Strategic Cooperation in the Chemical Sector.
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Both parties held a meeting to discuss potential collaboration in the production and trade of strategic chemical products such as sulfur, sulfuric acid, and ammonia, which are in high demand both domestically and internationally. Additionally, cooperation in plant maintenance services, training, and workforce exchange was identified as a promising direction to maximize the utilization of existing infrastructure and operational capabilities.
Mr. Nguyễn Xuân Hòa, Chairman of PVFCCo – Phú Mỹ’s Board of Directors, stated that the company is ready to share its experience from Business Cooperation Contract (BCC) projects, aiming to establish a long-term, sustainable, and mutually beneficial partnership with NSRP.
Mr. Nguyễn Xuân Hòa, Chairman of PVFCCo – Phú Mỹ’s Board of Directors, emphasizes the company’s readiness to share expertise from Business Cooperation Contract (BCC) projects.
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Representing NSRP, Mr. Kazutaka Yamato, the company’s CEO, highlighted that expanding into chemical production, such as sulfuric acid and ammonia, aligns perfectly with PVFCCo – Phú Mỹ’s strategic direction. This presents a significant opportunity for both parties to explore and leverage their cooperative potential, contributing to the overall development of Vietnam’s chemical and energy industry.
 Mr. Kazutaka Yamato, CEO of NSRP, underscores the importance of this opportunity for joint research and cooperation exploration.
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As part of the program, the NSRP delegation visited the Phú Mỹ Fertilizer Plant to gain insights into PVFCCo – Phú Mỹ’s production activities and technological capabilities. This visit provided NSRP with a comprehensive understanding of their partner’s production capacity, operational expertise, and management experience, strengthening trust and laying a solid foundation for deeper collaboration in the future.
This strategic partnership is expected to unlock significant opportunities for both companies, fostering the joint development of Vietnam’s chemical and energy industry in the coming period.
 The Chairman of PVFCCo – Phú Mỹ’s Board of Directors and the CEO of NSRP agree to explore and promote deeper cooperation in the future.
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Currently, PVFCCo – Phú Mỹ is a leading fertilizer producer in Vietnam. Under its new development strategy, the company is accelerating its expansion into the chemical sector to capitalize on the advantages of its Phú Mỹ plant complex and the chemical and petrochemical value chain of the Vietnam Oil and Gas Group (Petrovietnam).
NSRP, established in April 2008, is a joint venture involving four investors: Petrovietnam, Kuwait Petroleum Europe (KPE), Idemitsu Kosan (IKC), and Mitsui Chemicals (MCI) of Japan. With a total investment of over 9 billion USD and a processing capacity of 200,000 barrels of crude oil per day (equivalent to 10 million tons annually), the Nghi Sơn Refinery is a key national project and one of the most modern and complex facilities in Asia.
– 14:23 18/09/2025
