Cooperation Agreement between Phu My and Stavian Group in chemicals and plastic resins

On February 21, 2025, in Ho Chi Minh City, the PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo, Phu My) and Stavian Group, two industry-leading companies, officially signed a Cooperation Agreement. This agreement is set to promote and expand investment and business activities in the chemical industry and plastic resin products. The signing ceremony was held at the PHUMY Tower headquarters, where senior leaders from both organizations participated, signed, and witnessed.

Under the agreement, both parties have agreed to collaborate in key areas, including:

• Exploring Business and Investment Opportunities: Jointly researching opportunities in chemical business and production, mainly focusing on modern chemical manufacturing projects, to pave the way for sustainable development in the industry. This commitment to sustainability is a testament to our environmental responsibility.
• Product Distribution Partnership: Collaborating in distributing Adblue, hydrogen peroxide (H2O2), and other chemical products produced by Phu My, with a strong emphasis on leveraging Stavian Group's international distribution network.
• Production and Distribution of Plastic Resin Products: Working together in the production and distribution of plastic resin-based products, including plastic packaging, agricultural films, and other competitive products in the market.

This strategic step not only aims to utilize the resources and expertise of both parties effectively but also opens up new growth opportunities. It is particularly significant in international economic integration, as it will boost the development of the high-quality chemical and plastics industries, meet market demands, and contribute to environmental safety and sustainability. This promising future is a cause for optimism for all stakeholders.

Speaking at the signing ceremony, Mr. Phan Cong Thanh, CEO of Phu My, and Mr. Tony Dinh, Chairman cum CEO of Stavian Group, both emphasized that this partnership marks a critical milestone in strengthening the collaboration between the two companies. It solidifies the bond between the businesses and serves as the starting point for future robust and practical cooperation, unlocking significant growth opportunities for both sides. During the event, Mr. Tony Dinh also expressed his desire to expand this cooperation model between state-owned and private enterprises, enabling the business community to collectively strive towards common development goals and build a thriving and sustainable economy.

As a leading fertilizer manufacturer in Vietnam, PVFCCo (Phu My) is accelerating its development in the chemical sector under its new growth strategy. The company aims to capitalize on the advantages of the Phu My Plant Complex and Petrovietnam’s integrated chemical and petrochemical supply chain.

For more details, please refer to Đại Biểu Nhân Dân.