Merger of two biggest fertiliser firms considered

PetroVietnam is laying out plans to divest capital from the two biggest Vietnamese fertiliser companies – PetroVietnam Fertiliser & Chemicals Corp (DPM) and PetroVietnam Ca Mau Fertiliser Joint Stock Company (DCM) – to submit to authorities for consideration.

  • Hanoi has over 14,000 new businesses in seven months
  • Forbes Vietnam Business Forum: economy could grow by 6.8 pct
  • Vietnam now a prospective hub for Italian businesses

The plan did exclude the option of merging the two companies, the Vietnam National Oil and Gas Group (PetroVietnam) said. The divestment is part of PetroVietnam’s overhaul plan for 2017-25.

The Ministry of Finance had previously asked the group to adjust its holdings in the two companies to 36% by 2020.

(Photo: vietnamfinance.vn)
(Photo: vietnamfinance.vn)

Under the ministry’s guidance, PetroVietnam had completed a divestment draft, cutting its ownership in the two firms to 36% during 2018-20. To ensure efficient divestment, PetroVietnam was looking at all options, including consolidating the two companies, it said.

Under a direction issued by the Prime Minister on August 11, 2017, PetroVietnam will reduce its ownership in Ca Mau Fertiliser from 75.56% to 51% and in Fertiliser & Chemicals from 61.38% to 51% this year.

At the 2018 annual shareholders’ meetings of the two companies, PetroVietnam said it would complete the divestment schemes by year-end.

At Ca Mau Fertiliser, the group has set up a steering committee and signed contracts with consultancy firms to construct a pricing and timetable for the divestment.

On the stock market, DCM is trading at around VND11,000 (US$0.5) per share, equivalent to the market value of more than VND5.82 trillion (US$253.2 million). In the first six months of this year, the company achieved revenue of VND3.24 trillion, up 7% year-on-year, but its net profit decreased 27% to VND413 billion.

DPM is trading at around VND18,000 per share on the Ho Chi Minh Stock Exchange, valuing the company at nearly VND6.97 trillion (US$303 million). The company reported revenue of VND4.8 trillion in the first half, up 10%, while its net profit reached VND402 billion, down 13% from the same period last year.

VNA

Other News

A view of a container port in Singapore. (File photo: Xinhua/VNA)

Vietnam-Singapore trade cooperation gains fresh momentum

Analysts noted that Vietnam-Singapore ties are increasingly moving beyond traditional goods trade towards green growth, innovation and high-quality supply chains, laying a stronger foundation for more substantive and sustainable cooperation in the years ahead.

Vietnamese products make strong impression at Foodservice Australia 2026

Vietnamese products make strong impression at Foodservice Australia 2026

International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.

Digital technology helps standardise supply chains, sustain export competitiveness

Digital technology helps standardise supply chains, sustain export competitiveness

Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.

Vietnam seen as attractive investment destination for 2026–2035

Vietnam seen as attractive investment destination for 2026–2035

The article described Vietnam as strategically positioned along major regional maritime routes, including the East – West corridor linking the Americas, the Middle East, India and Europe, and the North – South corridor connecting China and Southeast Asia, helping make the country a gateway for international trade.

Eco-industrial parks seen as catalyst for higher-quality FDI

Eco-industrial parks seen as catalyst for higher-quality FDI

The eco-industrial park model will help Vietnam meet international environmental standards while creating opportunities to improve growth quality and economic competitiveness. Many multinational corporations now view green standards, emissions reduction and energy efficiency as key conditions when selecting investment destinations.

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Promoting Vietnamese Brands at an International Food Fair in Gwangju

Alongside exhibition activities, trade promotion, and business networking programs, the “Gwangju Global Food Fair 2026” also witnessed the signing ceremony of a Memorandum of Understanding (MOU) between the Vietnam–Korea Businessmen & Investment Association (VKBIA) and the Gwangju Tourism Organization of South Korea.

Hanoi proposes subsidies to accelerate shift to electric vehicles

Hanoi proposes subsidies to accelerate shift to electric vehicles

Under a draft resolution currently open for public feedback by the municipal People’s Committee, residents with permanent or temporary residence registration in Hanoi for at least two consecutive years, who own petrol-powered motorbikes registered before the resolution takes effect, will be eligible for support when purchasing electric motorbikes priced at 10 million VND or more.

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.