VINACHEM

On the morning of April 29, 2025, Van Dien Fused Magnesium Phosphate Joint Stock Company (VADFCO) held the 2025 Employee Conference. Amidst ongoing difficulties in production and business, the Company's collective of officials and employees fostered solidarity and creativity, achieving impressive results and creating a solid foundation for a new stage of development.

Attending the Conference, representing Vietnam National Chemical Group, was Mr. Đào Trọng Cường, Member of the Party Committee Executive Board, Vice President of the Group, and Mr. Ngô Xuân Tùng, Member of the Standing Committee, Chief of Office of the Vietnam Industrial Chemical Trade Union.

Representing Van Dien Fused Magnesium Phosphate Joint Stock Company were Mr. Phùng Ngọc Bộ - Chairman of the Board of Directors; Mr. Văn Hồng Sơn - Secretary of the Party Committee, General Director; Mr. Nguyễn Văn Nam - Chairman of the Company's Trade Union, and 82 delegates representing the Company's officials and employees.

Overcoming difficulties, the Company exceeded all 2024 production and business targets. The Industrial Production Value reached VND 1,240 billion, by 131% of the plan; Total Revenue reached VND 1,228.07 billion, by 117% of the plan; Profit reached VND 76.12 billion, exceeding the plan by 46%. Total Production Output reached 283,629 tons, and Total Consumption Output reached 271,919 tons.

Notably, the consumption volume of phosphate fertilizer in the Central, Central Highlands, and Southern regions increased sharply, with Phosphate Product Consumption reaching 243,401 tons, by 129% of the plan.

The average income of employees reached VND 18.16 million/person/month, an increase of 24% compared to 2023. 100% of employees have labor contracts, fully participate in social insurance, and enjoy all benefits according to regulations.

Towards the Goal of 8% Industrial Production Growth in 2025

With outstanding achievements in 2024, VADFCO was honored to receive the Emulation Flag from the State Capital Management Committee at Enterprises; many collectives and individuals were commended at various levels.

Stepping into 2025, the Company set a growth target of 8% compared to 2024. Specific production and business targets include: Industrial Production Value reach VND 1,373.6 billion, Total Revenue reach VND 1,256.62 billion, Profit reach VND 60.54 billion, Total Production Output reach 265,000 tons, and Total Consumption Output reach 255,000 tons. The Average Income is targeted to reach over VND 19 million/person/month.

Speaking at the Conference, Mr. Đào Trọng Cường commended and highly appreciated the efforts of the Company's officials and employees in overcoming difficulties in 2024.

Mr. Đào Trọng Cường, Deputy General Director of Vietnam National Chemical Group, stated: "In 2025, the Company needs to continue to promote the tradition of solidarity and creativity, proactively adapt to difficulties to complete production and business tasks with a growth target of 8% compared to 2024."

Mr. Đào Trọng Cường emphasized that in the context of the fertilizer industry continuing to face many challenges such as increased input material prices, reduced quality of apatite ore supply, difficulties in labor recruitment, and the impact of climate change, Van Dien Fused Magnesium Phosphate Fertilizer Joint Stock Company still achieved remarkable results. All production and business targets were completed and exceeded the 2024 plan; the average income of employees continued to improve; the material and spiritual lives of officials and employees were well taken care of.

Mr. Đào Trọng Cường requested that in 2025, the Company continue to promote the tradition of solidarity and creativity, proactively adapt to difficulties to complete production and business tasks with a growth target of 8% compared to 2024. According to him, the Company needs to pay more attention to investing in upgrading technology and equipment, improving working conditions for employees, increasing productivity, reducing consumption norms for raw materials and energy, and improving product quality.

At the same time, it is important to focus on training the market staff, promote trade promotion activities, maintain traditional markets, and expand consumption markets. In parallel, the Company must strictly implement labor safety and environmental protection measures; strengthen internal inspection and supervision, promptly rectify any shortcomings and violations in production; ensure stable production, and improve labor productivity and business efficiency.

Mr. Đào Trọng Cường also specifically noted that the Company needs to quickly and definitively resolve the Project to Build a Plant for Producing Fused Magnesium Phosphate Fertilizer and NPK Fertilizer in Bim Son - Thanh Hoa. At the same time, it is crucial to focus on implementing the relocation of Van Dien Fused Magnesium Phosphate Fertilizer Joint Stock Company, considering this a top priority task.

Mr. Đào Trọng Cường expressed his belief that with over 60 years of construction and development tradition, along with the solidarity and high determination of the leadership and employees, Van Dien Fused Magnesium Phosphate Fertilizer Joint Stock Company will excellently complete the 2025 production and business plan, continuing to affirm its role as one of the leading units in Vietnam's fertilizer industry.