NORTH PETROVIETNAM FERTILIZER & CHEMICALS JOINT STOCK COMPANY

NORTH PETROVIETNAM FERTILIZER & CHEMICALS JOINT STOCK COMPANY, known in Vietnamese as CÔNG TY CỔ PHẦN PHÂN BÓN VÀ HÓA CHẤT DẦU KHÍ MIỀN BẮC, is a publicly held joint stock company established in August 2008. The company operates as a specialized trader of fertilizers and chemical products, serving agricultural and industrial customers across northern Vietnam.

Legally, the company is registered under Business Registration Number and Tax Code 0102886450, with its head office located at the Vietnam Petroleum Institute Building in Cau Giay District, Hanoi. It is listed on the Hanoi Stock Exchange (HNX) under the ticker PMB, reflecting greater transparency than most private peers in the sector.

Management is led by Ms. Nguyen T. H. N., Chairwoman, alongside Mr. Bui T. A., Director, and Mr. Pham T. N., Deputy Director. Ownership is dominated by PetroVietnam Fertilizer and Chemicals Corporation, which holds 75 percent of the company’s shares, anchoring PMB firmly within the PetroVietnam value chain.

From a financial standpoint, the company stands out for its large trading scale relative to its balance sheet. In FY2024, PMB generated USD 88.46 million in sales with total assets of just USD 7.92 million, highlighting a high asset-turnover business model typical of fertilizer and chemical distribution. More notably, net profit rebounded strongly to USD 406,845, up more than 56 percent year on year, signaling improved margins after a weak 2023.

Overall, PMB presents a profile of operational stability rather than aggressive growth, supported by its PetroVietnam affiliation, modest but consistent profitability, and solid working capital position—key factors for counterparties assessing credit risk in Vietnam’s fertilizer and agro-chemical trading market.