Company news

In line with Resolution 57-NQ/TW of the Politburo on the development of science, technology, innovation, and national digital transformation, on April 2, 2026, the Vietnam National Chemical Group (Vinachem) held a conference to assess its ability to participate in the value chains of Vietnam’s strategic technology products.

The conference was attended and directed by Deputy Minister of Industry and Trade Trương Thanh Hoài, along with representatives from relevant departments of the Ministry of Industry and Trade. From Vinachem, there was General Director Nguyễn Hữu Tú, members of the Board of Members, the executive board, leaders of member units, and numerous experts and scientists.

Development Orientation Based on Existing Strengths

In his opening speech, General Director Nguyễn Hữu Tú stated that in 2025, Vinachem resolved its accumulated losses, achieved revenue of VND 64,363 billion (up 8% year-on-year), and reached VND 61,190 billion in industrial production value (up 10.3%). However, the current scale still does not match the group's full potential.

At the conference, delegates focused on discussing directions for restructuring the product chain, aiming to increase technological content and added value. Besides traditional products, Vinachem targets the development of strategic fields such as high-purity and ultra-pure chemicals for the electronics–semiconductor industry, energy storage batteries, technical rubber materials, pharmaceuticals, and circular economy production models.

Additionally, the group is oriented toward investing in new technologies, especially the development of new-generation batteries such as sodium-ion, lithium-ion, and energy storage systems (ESS), to stay ahead of energy transition and green growth trends.

Three Pillars for Development

To create breakthroughs in the coming period, Vinachem has identified three main pillars:

1. Modernizing existing value chains, especially in fertilizers and basic chemicals.
2. Developing new products with high added value such as pharmaceuticals, high-purity chemicals, and new materials.
3. Selective investment in high-tech, environmentally friendly projects.

The group is reviewing its project portfolio, prioritizing technology upgrades in existing plants to save energy, develop specialized chemicals for the electronics–semiconductor industry, and research the formation of concentrated chemical industrial complexes.

Aiming for Mastery of Strategic Technologies

Deputy Minister Trương Thanh Hoài emphasized that Vietnam’s chemical industry has significant potential but its development is still modest, with small scale and limited competitiveness. Some fields such as basic chemicals, high-purity chemicals, and pharmaceuticals remain slow to develop, lacking effective linkage between enterprises.

He noted that the chemical industry is closely linked to sectors such as mining, bauxite, and rare earths—many stages of which are essentially chemical processes. The proposed transfer of geological and mineral management to the Ministry of Industry and Trade will enable the formation of unified value chains from extraction to deep processing, creating opportunities for strategic industries such as renewable energy, new materials, and energy storage batteries.

However, Vinachem’s financial capacity remains limited, with charter capital of about VND 13,000 billion. To implement large-scale projects, a capital increase plan tied to specific projects, strategic technologies, and clear output products is necessary. The Ministry of Industry and Trade is ready to report to the competent authorities to consider increasing charter capital to up to VND 40,000 billion if proposals are feasible and effective.

Strengthening Standards, Human Resources, and Research

The Deputy Minister also highlighted the need to complete the system of standards and regulations for chemical products, especially in textiles, plastics, and consumer industries, to control quality and protect consumers.

In terms of research, Vinachem is required to focus on building two key laboratories, investing synchronously in equipment and personnel, aiming to meet international standards and gain broad recognition.

High-quality human resources are identified as a key factor. The group needs mechanisms to attract and retain talent, including foreign experts, and restructure the research system towards efficiency and focus.

Furthermore, Vinachem is encouraged to play a core role in establishing a Chemical Enterprises Association to strengthen industry linkages and expand domestic and international markets.

Regarding technology, the Deputy Minister noted that the group should proactively conduct research, reduce dependence on technology transfer, and leverage domestic resource advantages. For energy storage batteries, attention should be paid not only to chemicals but also to control and management systems, which are high-value components in the product chain.

Concrete Targets for the New Stage

Taking in the guidance, General Director Nguyễn Hữu Tú affirmed that Vinachem will concretize these orientations into an action program for 2026–2030, focusing on science–technology, innovation, and digital transformation as core growth drivers. At the same time, the group will continue to develop high-quality human resources and coordinate with experts and regulatory agencies to improve mechanisms and policies for the chemical industry, especially for green, environmentally friendly products.