- Sector
- Utilities
- Industry
- Water utilities
- Address
- Ho Chi Minh City Vietnam
- IPO Date
- Jul 17, 2019
- Business
- Phu My Water Supply Joint Stock Company (UPCOM: PMW), commonly known as Phumy Wasuco, is a Vietnam-based water utility company primarily engaged in the exploitation, treatment, transmission, and distribution of clean water for industrial and residential use. Established in 1998 as the Phu My Water Supply Enterprise under the Ba Ria - Vung Tau Water Supply Joint Stock Company (BWACO) and corporatized into a joint stock company in 2005, the company is headquartered in Phu My Town, Ba Ria - Vung Tau Province, Vietnam.
The company operates across municipal and industrial utility segments, providing specialized infrastructure services and water products, including: centralized production, treatment, and piped distribution of potable and industrial-grade water; raw water extraction and purification from surface reservoirs such as Da Den Lake and the Ray River; construction, installation, and maintenance of main transmission pipelines, branch networks, and distribution grids; connection, testing, and replacement of commercial and residential water meter systems; wholesale and retail trading of specialized water supply equipment, ductile iron and HDPE piping, valves, and plumbing fittings; water quality laboratory testing, analysis, and compliance verification; and digital customer utility management services facilitated via its dedicated CSKH PHUMYWASUCO application. Its primary service territory covers the administrative wards and industrial zones of Phu My Town and surrounding areas in Ba Ria - Vung Tau Province, supplying vital utility connections to major manufacturing and logistics hubs including Phu My 1, Phu My 2, Phu My 3 Specialized Industrial Park, My Xuan Industrial Zone, and the Cai Mep deep-water port complex.
In recent operational developments, Phu My Water Supply Joint Stock Company has actively expanded its high-capacity water transmission network and pipeline infrastructure, including high-capacity trunk lines, to support expanding foreign direct investment and heightened industrial demand in Phu My 3 Specialized Industrial Park and adjacent port-logistics clusters. The company has modernized its production plants with 24/7 supervisory control and data acquisition (SCADA) automation systems and integrated laboratory analytics to ensure continuous water quality compliance and hydraulic stability, sustaining a total design supply capacity of approximately 150,000 cubic meters per day. In addition, the company has advanced its digital transformation by implementing electronic invoicing, digital billing systems, and mobile payment partnerships via fintech gateways to enhance customer service. Phu My Water Supply Joint Stock Company continues to maintain close strategic and operational alignment with its long-standing partner BWACO to secure regional raw water supplies while advancing capital investment projects approved through its recent General Meetings of Shareholders to expand distribution coverage and minimize non-revenue water loss across its network.