On January 6, 2025, Vietnam Chemical Group (Vinachem) held a conference to summarize the work in 2024 and deploy tasks in 2025.

Mr. Nguyen Hoang Anh, Chairman of the State Capital Management Committee at Enterprises, highly appreciated Vinachem's achievements when for three consecutive years, from 2022 to 2024, revenue reached the highest level in the history of formation and development. This achievement is a testament to the efforts of all cadres, workers and civil servants in the context of many difficulties and challenges.

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Overview of the conference. Photo: Vinachem

Outstanding business results in 2024

In 2024, Vinachem's industrial production value at actual prices will reach VND54,680 billion, up 3% compared to the plan and 10% compared to 2023. Total revenue of the group will reach VND57,909 billion, exceeding the plan by 3%. Parent company's profit will reach VND600 billion, completing 125% of the plan.

Vinachem also contributed VND2,116 billion to the state budget, exceeding the plan by 24%. Total import-export value reached USD735 million, up 11% over the same period last year.

In the investment sector, the implementation value reached 93% of the plan, with many projects completed ahead of schedule. Typically, the expansion project of the Radial Tire Factory of Da Nang Rubber Joint Stock Company was completed 6 months ahead of schedule; the project of the disinfectant production line of Viet Tri Chemical Joint Stock Company was completed 2 months ahead of schedule.

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Mr. Nguyen Hoang Anh, Chairman of the State Capital Management Committee at Enterprises, highly appreciated the achievements of the Vietnam Chemical Group in 2024. Photo: Vinachem

Develop strategies and expand international cooperation

Vinachem has successfully carried out many important tasks, such as the Prime Minister's approval of the 5-year production and business plan (2021 - 2025), promulgating the plan for exploration, exploitation and processing of apatite minerals until 2050. At the same time, Vinachem actively promotes international cooperation, signing many memorandums of understanding with large corporations in the world to expand market share and enhance its brand.

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Mr. Bui Van Thang, Head of the Group's Business Planning Department, reported on the summary of 2024 and deployed tasks for 2025. Photo: Vinachem

Meaningful social activities

Vinachem not only achieved success in production and business but also focused on social responsibility. In 2024, Vinachem donated more than 10 billion VND and nearly 20 tons of water treatment chemicals to localities affected by storm No. 3.

In addition, Vinachem donated 15 gratitude houses in Chu Se district, Gia Lai, contributing to improving the lives of disadvantaged households. Activities to support workers, build “Union shelters” and sponsor the ceremony to honor outstanding ethnic minority students continued to be maintained.

Development orientation 2025

Vinachem Chairman of the Board of Directors, Mr. Phung Quang Hiep, emphasized that the goal for 2025 is to develop sustainable production associated with green transformation, digital transformation and environmental protection. Vinachem will focus on scientific and technological research, producing high-quality and environmentally friendly fertilizers.

Vinachem also aims to increase exports of key products such as fertilizers, tires, and detergents, affirming its position in the chemical industry and expanding international markets.

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Mr. Phung Quang Hiep - Chairman of the Board of Directors of Vietnam Chemical Group (Vinachem). Photo: Vinachem

Launching production competition in 2025

At the Conference, Vinachem launched the emulation movement for production and business in 2025, with the goal of achieving industrial production value of VND 54,941 billion, combined revenue of VND 57,938 billion and profit of VND 2,729 billion.

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Mr. Nguyen Huu Tu - Deputy General Director in charge of Vietnam Chemical Group (Vinachem). Photo: Vinachem

With a spirit of solidarity and determination, Vinachem hopes to maintain its growth momentum, affirm its leading position in the chemical industry and make practical contributions to the country's economic development.

Bich Dao