BFC - Solid position in Vietnam’s NPK fertilizer industry
​“Binh Dien Fertilizer, owning the well-known brand “Dau Trauâ€, is the leading domestic firm in producing and distributing NPK products. With well-established history, the company has built a strong and efficient distribution network nationwide and regionwide.
Taking a short-term view, (1) improving gross profit margin thanks to the decline in input prices and (2) preferred tax rates in Binh Dien – Ninh Binh Plant could be considered as the growth drivers for BFC’s business results. In the long run, penetrating the Northern and foreign markets, in the best scenario, would become a breakthrough for BFC in coming years. The biggest risks for BFC’s growth are climate change and higher competition in NPK segment that many domestic key players (PVFCCo, Lam Thao fertilizer, vv) have expanded into, resulting in unfavorable influences on BFC’s sales activities when Binh Dien – Ninh Binh plant increases its operating capacity.
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