Communist Party, Union

Resolution No. 79-NQ/TW of the Politburo, issued on January 6, 2026, reaffirms the leading and pioneering role of the state economy in the socialist-oriented market economy, particularly in key and strategic sectors and fields. Among these, the chemical industry is identified as an important pillar, serving not only economic development but also national defense, security, and economic security.

The chemical industry as a key sector of the state economy

The chemical industry is a foundational sector that supplies essential inputs for many major industries, including agriculture, manufacturing and processing, energy, healthcare, national defense, and daily life. The Politburo’s decision to include chemicals among the key sectors requiring focused investment and the development of strong state-owned enterprises reflects a strategic vision aimed at ensuring production autonomy, reducing dependence on imports, and enhancing national competitiveness.

In the context of global supply-chain shifts and volatility in energy and raw-material markets, developing the chemical industry under the leading role of the state economy is not only economically significant but also an urgent requirement for chemical security, raw-material security, and macroeconomic stability.

Innovating the development model of the chemical industry toward modernity and sustainability

Resolution No. 79-NQ/TW emphasizes that the state economy must take the lead in innovation, digital transformation, and green transformation. For the chemical industry, this represents a breakthrough orientation, requiring a fundamental shift in the growth model—from traditional extraction and production to development based on science and technology, core technologies, clean technologies, and the circular economy.

State-owned enterprises in the chemical sector are expected to take the lead in:

• Investing in research and mastering technologies for the production of basic chemicals, industrial chemicals, specialty chemicals, and new materials;
• Applying advanced technologies to reduce energy consumption and emissions, thoroughly treat waste, and move toward green production;
• Developing environmentally friendly chemical products that support sustainable agriculture, high-tech industries, and the energy transition.

Restructuring state-owned chemical enterprises in conjunction with improving governance efficiency

A consistent theme of the Resolution is the requirement to restructure state-owned enterprises in a substantive manner, enhance the efficiency of using state capital and assets, and apply modern governance standards in line with international practices. For the chemical industry, this entails:

• Reviewing and reorganizing enterprises and investment projects, and decisively addressing loss-making and inefficient projects;
• Focusing on the formation of strong chemical groups and corporations of sufficient scale and capacity to lead the domestic market and participate in global value chains;
• Promoting digital governance, increasing transparency in production and business activities, and clearly separating political tasks from business operations.

The application of OECD governance principles and comprehensive digital transformation will help chemical enterprises improve productivity, reduce costs, manage risks, and enhance international competitiveness.

Linking chemical development with resource security, environmental protection, and national defense

Resolution No. 79-NQ/TW identifies effective management and utilization of mineral resources, water resources, land, and environmental protection as cross-cutting requirements. Given its resource-intensive nature and potential environmental risks, the chemical industry must take the lead in:

• Using mineral resources efficiently and economically for chemical production;
• Strictly controlling chemical safety and environmental safety, and preventing incidents;
• Investing in waste-treatment technologies, recycling and reusing materials, and developing circular-economy models.

In addition, the chemical industry plays an important role in national defense and security, strategic reserves, and responses to emergencies, natural disasters, and epidemics, thereby contributing to social stability and people’s livelihoods.

Promoting the leading role of the state economy in the chemical value chain

In the spirit of the Resolution, state-owned enterprises in the chemical industry are expected not only to operate efficiently but also to lead, activate, and diffuse social resources, fostering linkages with the private sector and science- and technology-based and innovation-driven enterprises. Through cooperation, joint ventures, and technology transfer, chemical enterprises will help form sustainable value chains and enhance the endogenous capacity of the economy.

Translating the Resolution into practical action

Thoroughly grasping the spirit of the Central Committee’s and the Politburo’s resolutions on the development of the state economy and the chemical industry, Vietnam National Chemical Group (VINACHEM) has proactively and early prepared a comprehensive plan for implementation across the entire system. In this context, Resolution No. 59-NQ/TW is identified as a spearhead, providing overarching guidance for renewing the growth model, restructuring, and enhancing the Group’s competitiveness in the new period.

Based on a comprehensive review of its development strategy, industry portfolio, investment projects, and existing governance system, the Group has gradually translated the objectives and tasks of the Central resolutions into concrete action programs, implementation roadmaps, and key solution packages, ensuring feasibility, coherence, and close alignment with production and business realities. Priority is placed on repositioning and reaffirming the leading role of state-owned enterprises in the chemical industry, linking production development with science and technology, digital transformation, green transformation, and improved efficiency in the use of state capital and assets.

At the same time, the Group emphasizes preparation in terms of organizational structure, human resources, and coordination mechanisms; strengthens communication and dissemination of the resolutions among managers and employees to achieve a high level of unity in awareness and action. The implementation of Resolution No. 59-NQ/TW and Resolution No. 79-NQ/TW is not viewed as isolated tasks, but as an integral part of the Group’s long-term development strategy, closely tied to the requirements of ensuring chemical security, raw-material security, sustainable development, and fulfilling the pillar role of the state economy.

With thorough, proactive, and in-depth preparation, Vietnam National Chemical Group demonstrates strong political determination to swiftly translate the Party’s resolutions into practice, transforming strategic orientations into concrete drivers for growth, innovation, and development, thereby affirming the Group’s pioneering and core role in the development of the chemical industry and the national economy.

Resolution No. 79-NQ/TW has set out a clear strategic direction for the development of the state economy in general and the chemical industry in particular in the new period. Effective dissemination and implementation of the Resolution will not only enable the chemical industry to develop in a sustainable and modern manner, but also make an important contribution to the goal of building an independent, self-reliant, and resilient economy, helping Vietnam become a high-income developed country by 2045.