Members unit

On the morning of March 30, 2026, at the Hiep Phuoc Fertilizer Plant (Hiep Phuoc Industrial Zone, Ho Chi Minh City), The Southern Fertilizer Joint Stock Company (SFJC) convened its 2026 Employees’ Conference in an atmosphere marked by democracy, responsibility, and a high level of consensus. The conference aimed to review the implementation results of the 2025 Resolution, facilitate direct dialogue with employees, and reach agreement on the directions and tasks for 2026.

Attending and directing the conference were Mr. Nguyễn Hữu Tú – Deputy Secretary of the Party Committee, Member of the Board of Members, and General Director of Vietnam National Chemical Group; Mrs. Nguyễn Thị Thu Bình – Member of the Board of Members of the Group; Mr. Nguyễn Huy Thông – Chairman of the Vietnam Chemical Industry Trade Union; along with exemplary employee delegates.

Comprehensive Review of the 2025 Resolution Implementation

At the conference, delegates received reports on: the implementation of the 2025 Employees’ Conference Resolution and the objectives and tasks for 2026; the company’s financial status, use of reward and welfare funds, social security activities, and the implementation of employee policies; a summary of employees’ comments and recommendations; and the status of collective labor agreement implementation.

In 2025, despite significant fluctuations in the fertilizer market and rising input costs—especially the increased price and declining quality of Apatite ore—SFJC flexibly managed and optimized costs, maintained stable production, and achieved or surpassed many key targets: industrial production value reached VND 1,950 billion (110% of the plan); revenue hit VND 2,075 billion (117% of the plan); profit reached VND 40.234 billion (115% of the plan); average monthly salary was VND 13.504 million/person (105% of the plan); and average income reached VND 15.517 million/person/month (119% of the plan).

Notably, while the average workforce decreased by 20 people, labor productivity increased and the salary fund still rose by 12%, clearly demonstrating the effectiveness of streamlining the organization and enhancing management capacity.

The company proactively balanced production needs, imported sulfuric acid when sulfur prices surged, leveraged low-cost raw material inventories to reduce production costs, strictly controlled technical-economic norms, accelerated digital transformation and green production initiatives, and promoted technical innovation with 7 initiatives and 10 solutions, generating nearly VND 2 billion in benefits.

On the market front, SFJC robustly expanded its distribution network, signed 19 new customers, reconnected with 9 previous customers, directly exported NPK to the Philippines for the first time, and further developed markets in Cambodia, Africa, New Zealand, and Cuba, reaching a total export volume of 16,440 tons.

Care for Employees’ Well-being: Central, Consistent, and Practical

A key concern at the conference was the implementation of welfare policies and employee care. In 2025, the company fully provided compulsory social, health, and unemployment insurance; purchased comprehensive health insurance and 24/7 accident insurance for employees; organized four annual gift-giving events with a total budget of VND 744 million; supported the “Union Shelter” program and provided VND 200 million in loans for home repairs; cared for two Vietnamese Heroic Mothers; visited policy families and supported disadvantaged localities; and coordinated with higher-level trade unions to care for employees in difficult circumstances.

Increased incomes, better welfare, improved working conditions, and ensured occupational safety have fostered employee peace of mind and commitment to the company.

For 2026, the company sets targets of VND 2,300 billion in revenue, VND 42 billion in profit, and an average monthly salary of VND 14.36 million/person. Key tasks include: focusing on the domestic market, expanding the customer base, diversifying export markets; intensifying brand communication with the message “Elevating Vietnamese Agricultural Products”; developing organic bio-fertilizer, phosphate bio-fertilizer, and fully water-soluble NPK; strengthening science and technology, digital transformation, and green production; strictly managing finances, costs, inventories, and cash flows; investing in mechanization and automation; and continuing to care for salaries, welfare, and occupational safety.

The conference also consolidated and directly addressed employee recommendations; approved the contribution level to the Social Security Fund; amended, supplemented, and signed the Collective Labor Agreement between the General Director and the Trade Union Chairman.

Group Leadership Directive: Clear Orientation for 2026 Tasks

In his address, Mr. Nguyễn Hữu Tú, General Director, emphasized that 2025 was a challenging year with complex global economic fluctuations, exerting significant pressure on the domestic economy. In this context, the entire Group demonstrated initiative, unity, innovation, and decisive action, resulting in surpassing all major targets. The Group’s industrial production value and revenue reached record highs; profits increased sharply; the parent company eliminated accumulated losses six months ahead of schedule; tax contributions, average salaries, and exports all grew positively despite international trade barriers.

SFJC made a significant contribution to these overall achievements. In 2025, the company closely followed Group directives, proactively resolved obstacles, and exceeded all business targets compared to both the plan and the previous year. These results are a source of great pride and testament to the effort, responsibility, and unity of the company’s management and workforce.

On behalf of the Group’s leadership, the General Director warmly commended and sincerely thanked all SFJC staff and employees for their tireless efforts throughout the past year.

Looking to 2026, the global economic situation is expected to remain unpredictable. This is also the first year of implementing important Party resolutions on developing the state economy, requiring the Group and each member unit to act with high determination, great effort, innovative thinking, and methodical, synchronized, and effective execution right from the start. The General Director fundamentally agreed with the company’s proposed targets, tasks, and solutions, and requested focus on several key areas:

First,regarding mindset and determination: Build a spirit of emulation, unity, and high determination from the outset; assign specific tasks by month and quarter. The positive results of Q1 are an important foundation for completing and striving to exceed the 2026 targets.

Second, accelerate market and brand development: Beyond simply selling fertilizer, the company should provide cultivation solutions and accompany farmers to enhance product effectiveness; increase direct supply to large-scale farms and production areas; and expand export markets.

Third,view science, technology, and digital transformation as drivers of growth: Continue reviewing and investing in automation and modernization of production stages to reduce consumption, increase productivity, and cut labor; enhance training for high-quality human resources and participate in specialized training organized by the Group.

Fourth,strengthen focused and effective investment: Projects delivering results and applying new technologies should be deployed rapidly; the Group commits to supporting feasible projects.

Fifth,pay special attention to safety, the environment, and legal compliance: Strictly adhere to regulations on occupational safety, fire and explosion prevention, and environmental protection; comprehensively review all rules and procedures in line with new regulations.

Sixth,continue to improve employee welfare: Employees are the company’s greatest asset; raising incomes, improving working conditions, and enhancing welfare must be continuously maintained and improved.

The General Director expressed confidence that, with its solid foundation and spirit of unity and determination, the company will continue to achieve even more outstanding results in 2026, making positive contributions to the Group’s overall development.

The conference concluded with commendations for outstanding teams and individuals, the launch of the 2026 emulation movement, and the unanimous adoption of the Conference Resolution.