BÌNH ĐIỀN FERTILIZER JOINT STOCK COMPANY: Public-Sector Fertilizer Giant on a Profitable Growth Trajectory—With Embedded Risks

BÌNH ĐIỀN FERTILIZER JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN PHÂN BÓN BÌNH ĐIỀN), known by its stock ticker BFC on the Ho Chi Minh Stock Exchange (HOSE), is a key player in Vietnam’s agrochemical sector. Established in 2011 and headquartered at C12/21 National Highway 1A, Tan Kien Commune, Binh Chanh District, Ho Chi Minh City, the company is majority-owned (65%) by Vietnam National Chemical Group (Vinachem)—a state-owned conglomerate.

Operating under business ID and tax code 0302975517, BÌNH ĐIỀN FERTILIZER JOINT STOCK COMPANYfocuses on the production and distribution of inorganic, organic, and microbiological fertilizers. It also engages in ancillary services including plant and animal growth regulators, real estate activities, and technical support. The company is led by Chairman Mr. Bui The Chuyen and General Director Mr. Ngo Van Dong, with 1,148 employees across its Ho Chi Minh City office and Long An factory.

In 2024, the company delivered impressive financial results. Revenue soared to USD 240.23 million, a 19.88% increase from 2023. Net profit surged by 57.11% to USD 12.39 million, signaling a significant rebound in demand and improved cost control. Total assets rose 10.26% to USD 81.78 million, while equity reached USD 45.02 million—a 14.54% increase. Working capital also grew to USD 25.38 million, showcasing strong liquidity.

Vietnam’s fertilizer industry remains crucial to the country's national food security and agricultural exports. However, it is also sensitive to global input prices, such as urea and potash, and environmental scrutiny. As a legacy state-backed entity, BÌNH ĐIỀN FERTILIZER JOINT STOCK COMPANY operates with broad distribution networks and policy alignment but faces risks from state ownership entanglements, shifting subsidy regimes, and geopolitical supply disruptions.

From a risk management standpoint, the company’s dependence on global commodity markets and government-controlled upstream supply chains must be closely monitored. Stakeholders considering procurement, partnerships, or investments should examine the firm’s private financial data, particularly regarding supplier contracts and cash flow sensitivity. A Litigation Search is also prudent, given the company’s complex regulatory exposure, real estate ventures, and environmental liabilities.

In summary, BÌNH ĐIỀN FERTILIZER JOINT STOCK COMPANY represents a strong and rising performer in Vietnam’s agricultural infrastructure, buoyed by public ownership and market growth. Yet its embedded risks—from commodity volatility to regulatory obligations—require disciplined due diligence. For complete verification and financial clarity, trust VANGUARD BUSINESS INFORMATION LLC to deliver unbiased intelligence for informed decision-making in the fertilizer and agribusiness sector.