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Vietnam National Chemical Group Proactively Implements Solutions to Stabilize Business Amid New Market Volatility
Amid ongoing global geopolitical complexities—especially the recent military conflicts in the Middle East—key input factors such as fuel, raw materials, and international transportation costs have fluctuated sharply, placing considerable pressure on enterprise production and business activities.
In response, on March 31, 2026, the Vietnam National Chemical Group (Vinachem) issued Official Document No. 502/HCVN-KHKD, instructing its member units to proactively and comprehensively implement solutions to cope with adverse fluctuations, ensure production stability, and seize opportunities to expand market share.
According to the directive, units must promptly assess the extent of impacts from external factors such as supply chain disruptions, exchange rate volatility, or difficulties in import and export activities. Based on these assessments, units are required to proactively develop appropriate response scenarios, avoiding passivity in business and production management.
A key requirement is to review reserve resources while expanding and diversifying both domestic and international supplier networks. This is to ensure uninterrupted supply of raw materials and fuels, especially as global logistics continue to present potential risks.
In addition, units are required to closely monitor market developments and manage business operations more flexibly, particularly in inventory management. Limiting the accumulation of large inventories during periods of significant price and exchange rate volatility is considered a necessary measure to minimize risk.
For the fertilizer business—one of the Group’s core activities—companies must continue to reduce costs while proactively adjusting selling prices in line with market fluctuations. The development of sales plans in accordance with specific time periods is also emphasized to ensure business efficiency.
The Group also requires the heads of units and capital representatives at joint stock companies to coordinate closely with boards of directors to effectively and substantively implement these solutions. During implementation, if any difficulties or obstacles arise, units must promptly report them so that the Group can provide timely support and resolution.
With these synchronized and proactive measures, Vinachem aims to maintain stable production and business operations, and strives for growth of 10% or more in 2026, contributing to the overall growth targets of the Group and the economy.
