Limit scrapped for foreign ownership in PVFCCo Business

Limit scrapped for foreign ownership in PVFCCo

Foreign investors can now acquire more than 49 percent of shares, the previous limit on foreign ownership, in PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), the operator of Phu My fertilizer plant.

Phu My optimistic of first-half results

The PetroVietnam Fertiliser and Chemicals Corporation (PVFC Co), better known as the Phu My Fertiliser (DPM), estimated its first-half revenues will reach 4.945 trillion VND (226.8 million USD) and pull in profits of 810 billion VND (37.2 million USD).

Strategy tries to link economic sectors

The Government needs to have a long-term strategy to develop linkages among farmers, business people, scientists and the State in managing the supply of key agricultural items.

Fertiliser production to oustrip demand by 2015

The fertiliser industry's production capacity is likely to surpass the country's domestic demand by 1.7-2 million tonnes per year from 2010 to 2015, reported the Ministry of Agriculture and Rural Development.