Company news

Amidst complex global economic fluctuations, rising input material prices, volatile logistics costs and numerous risks from international markets, Vietnam National Chemical Group (Vinachem) has continued to maintain strong growth momentum in the first half of 2026. With a proactive and flexible approach to business management, the Group has achieved key targets, reaffirming its role as a leading state-owned enterprise in the Vietnamese chemical industry.

According to the mid-year report for 2026, consolidated revenue from the Group’s subsidiaries reached an estimated VND 39,585 billion—56% of the annual plan and up 10.2% year-on-year. Industrial production value stood at VND 36,121 billion, also 56% of the annual plan and up 11.3%. Notably, profit was estimated at VND 3,230 billion, achieving 110% of the full-year target and up 54% compared to the same period last year, clearly reflecting the effectiveness of Vinachem’s management and optimisation of its production and business activities.

A significant contribution to growth came from the fertiliser and plant protection segment, with revenue estimated at VND 25,746 billion, up 12% year-on-year. Basic chemicals, industrial gases, and detergents also posted strong growth, at 20.4% and 29.3% respectively. Several member units reported revenue increases above 10%, including DAP-Vinachem, DAP No 2 – Vinachem, Ha Bac Fertilizer and Chemical Joint Stock Company, Ninh Binh Nitrogenous Fertilizer and Chemical Limited Company, The Southern Fertilizer Joint Stock Company, LIX Detergent Joint Stock Company, Southern Basic Chemicals Joint Stock Company, and Viet Tri Chemicals Joint Stock Company.

Business performance was further reflected in the significant profit breakthroughs recorded by many member enterprises. Ha Bac Fertilizer and Chemical Joint Stock Company saw profits rise fifteen-fold year-on-year; Ninh Binh Nitrogenous Fertilizer and Chemical Limited Company increased ten-fold; Viet Tri Chemicals Joint Stock Company up 67%; Van Dien Fused Phosphate Joint Stock Company up 46%; The Southern Fertilizer Joint Stock Company up 41%; and The Southern Rubber Industry Joint Stock Company up 37%.

Alongside the financial results, production operations remained stable and responsive to market demand. In the first half of the year, Vinachem produced over 2 million tonnes of fertiliser, nearly 1.9 million car tyres, more than 2 million motorbike tyres, 173,000 tonnes of detergents, and many other essential chemical products. Several categories posted robust growth, including DAP up 13%, urea up 4%, motorbike tyres up 15%, detergents up 15%, caustic soda up 8%, welding rods up 19%, and Cloramine B up 21%.

Import and export activities continued to shine, with total turnover reaching USD 563 million, up 35% year-on-year; export turnover alone stood at USD 406 million, up 34%, helping to expand markets and enhance the international standing of Vinachem’s products.

The achievements in the first half of 2026 demonstrate Vinachem’s proactive and decisive adaptation to market fluctuations, effective management and governance, and its ability to leverage market opportunities to maintain double-digit revenue growth and achieve exceptional profit growth—laying a solid foundation for the Group’s sustainable development in the future.