Vinachem makes a strong breakthrough, determined to complete growth target

(Chinhphu.vn) - The main production and business targets in the first 6 months of the year of the Vietnam Chemical Group (Vinachem) all exceeded the 8% growth rate as planned, showing the positive recovery momentum and effective management capacity of the entire Group.

Revenue increased by 13%, profit increased by 68% over the same period

According to Vinachem's report, in the first 6 months of 2025, the Group achieved an estimated industrial production value of VND 31,859 billion, up 16% over the same period last year, reaching 53% of the annual plan. Combined revenue reached VND 34,419 billion, up 13% over the same period, equal to 60% of the annual plan. The Group's total profit is estimated at VND 1,821 billion, equal to 68% of the plan, up sharply by 68% over the same period in 2024.

Notably, Vinachem officially ended its accumulated losses after many years of efforts to restructure its finances and management at the end of the second quarter of 2025 - completing the goal of "no more accumulated losses by the end of 2025" 6 months ahead of schedule. The Group's consolidated accumulated losses at the end of 2020 reached VND 5,393 billion, reflecting the prolonged difficult period of the state-owned enterprise sector in the context of comprehensive restructuring.

The complete elimination of this loss is considered an important milestone, marking the Group's complete escape from the loss-making period; accumulating to move to a new promising page. In parallel with production and business activities, Vinachem has paid the State Budget 1,131 billion VND (equal to 62% of the annual plan) and maintained a stable workforce of more than 18,000 people, with an average salary of 13.95 million VND/person/month, an increase of 3% over the same period.

Mr. Nguyen Huu Tu, General Director of Vietnam Chemical Group: In the last 6 months of the year, the Group focuses on developing the market, promoting internal consumption, and ensuring product supply.

Breakthrough in science and technology, pioneering the "double" transformation of the chemical industry

Vinachem has developed a Science and Technology and Digital Transformation Program for the period 2025–2030, with a vision to 2040; promoted research on products applying science and technology, and sought opportunities to participate in the semiconductor industry value chain. Outstanding initiatives in production and business are recognized and applied, creating a driving force for innovation from within the enterprise. At the same time, the Group-wide green transformation program to 2050 is being launched, focusing on energy saving, increasing the rate of automation and using robots in production, towards sustainable development.

In the first 6 months of the year, Vinachem proactively implemented Resolution 57-NQ/TW on scientific and technological breakthroughs and national digital transformation, gradually implementing "dual transformation" - both digitalization and green development of the chemical industry. The Group organized many conferences, seminars, and signed cooperation agreements with institutes, schools and technology enterprises to promote innovation.

Notably, the successful construction and operation of the Vinachemmart e-commerce platform - the first digital platform of the Vietnamese chemical industry - has marked a turning point in the modernization of the distribution system. Not only helping to digitize the supply chain and increase market transparency, Vinachemmart also directly connects manufacturing enterprises with consumers, optimizes logistics costs, shortens time to market access and expands export opportunities. The platform has been integrated with data analysis tools and automatic customer care, gradually applying artificial intelligence (AI), contributing to the creation of a specialized e-commerce ecosystem for the chemical industry.

Signing ceremony of cooperation to promote the development of Vinachemmart e-commerce platform

Along with e-commerce, Vinachem is focusing on promoting the construction of smart factories and 4.0 factories at its member units. This is a production model that integrates modern and automated technologies in a number of production stages. Many factories have initially applied automatic production lines, digital energy management systems, and smart production management software, thereby improving productivity, optimizing operating costs, and minimizing environmental risks. The transition from a traditional production model to a digital model not only enhances the competitiveness of enterprises but also contributes to creating a cleaner, more sustainable production in the long term.

In the environmental field, the Group actively implements the gypsum recycling project, builds a roadmap to reduce emissions towards the net zero target, affirming the pioneering role of state-owned enterprises in sustainable development.

With the motto "from vision to action", Vietnam Chemical Group steadfastly pursues its development strategy, while proactively realizing its goals with specific, strong and in-depth actions.

Entering the last 6 months of the year, the Group continues to be steadfast in its goal of 8% growth in 2025 - a difficult task but of pivotal significance for the 2026-2030 period with double-digit growth aspirations.

General Director Nguyen Huu Tu affirmed that in the last 6 months of the year, the Group will focus on developing the market, promoting internal consumption, ensuring product supply, effectively implementing tasks according to Resolution 57 and paying special attention to labor safety. At the same time, actively preparing for the 2026-2030 plan with the goal of higher growth, including paying attention to training staff, honoring creative workers, improving income and working conditions.

Minh Ngoc

Source: https://baochinhphu.vn/vinachem-but-pha-manh-me-kien-dinh-hoan-thanh-muc-tieu-tang-truong-102250722184627744.htm