PVCFC - BSR: Strengthening and expanding cooperation areas

Recently, Ca Mau Petroleum Fertilizer Joint Stock Company (PVCFC) and Binh Son Refining and Petrochemical Joint Stock Company (BSR) had a thematic working session, sharing information on production and business activities. At the same time, upgrading cooperation from technical projects to sharing management experience, strategic planning and seeking investment opportunities in key links in the downstream value chain of the Vietnam National Energy Industry Group (Petrovietnam).

The leaders of PVCFC and BSR determined that sharing more management and investment work would not only help to maximize the strengths of each business, but also create synergistic advantages and enhance the competitiveness of the entire chain.

Overview of the working session. Photo: PVCFC

Facing the double-digit growth target in the period 2025 - 2030, both PVCFC and BSR are M&A (Mergers and Acquisitions) is considered a strategic tool to increase scale, expand markets and accelerate investment projects.

At the meeting, PVCFC shared its experience from the acquisition of 100% of Han-Viet Fertilizer Company Limited (KVF). This is one of PVCFC's typical examples in shortening the time to enter the market in the fertilizer sector and optimizing investment costs.

PVCFC Chairman of the Board of Directors Tran Ngoc Nguyen discussed the Company's governance. Photo: PVCFC

The two sides also actively discussed the development of M&A coordination regulations, including the process from information capture, opportunity screening, valuation, appraisal, approval mechanism and post-merger integration. This is considered an important foundation to prepare for future investment joint ventures, from new product development, production capacity optimization to expanding domestic market share and developing in the international market. In addition, the leaders of the two sides also discussed the governance system, internal control according to COSO ERM standards, corporate culture and digital transformation...

According to the strategic report, PVCFC currently maintains a production capacity of over 950,000 tons of urea and 660,000 tons of NPK per year, stably meeting domestic market demand and aiming for stronger growth in exports.

As for BSR, Dung Quat Oil Refinery has a processing capacity of 6.5 million tons of crude oil per year, equivalent to 148,000 barrels per day. After completing the expansion upgrade, the Refinery will have a processing capacity of 8.5 million tons of crude oil per year, equivalent to 192,000 barrels per day. BSR is also promoting deep processing projects, increasing the proportion of petrochemical products and raw materials for the next stage.

PVCFC and BSR leaders agreed to study expanding cooperation to many potential fields. Photo: PVCFC

It can be seen that the combination of production - processing strengths and management - investment experience of the two enterprises is expected to create great synergy value, contributing to expanding the industrial - energy chain of Petrovietnam .

In the spirit of strategic cooperation, open information sharing and high consensus at the meeting, PVCFC and BSR committed to strengthening the relationship. Thereby, laying the foundation for new, stronger steps in the future, towards sustainable development and increasing the position of both sides in the domestic and international markets.

PVCFC and BSR are two key member units of Petrovietnam, having close cooperation in the field of oil and gas processing and having similarities in organizational structure and management . In addition , both enterprises have a team of highly qualified and capable personnel, focusing on investment in research and development activities.

Source: https://daibieunhandan.vn/pvcfc-bsr-tang-cuong-va-mo-rong-linh-vuc-hop-tac-10388734.html