Vinachem

Vietnam National Chemical Group is a multi-possession enterprise in which state possession governs over other possessions. The Group is functioning as a parent company - subsidiaries and was formed according to Decision No 2180/TTg signed by Prime Minister concerning the rearrangement and restructuring Vietnam National Chemical Corporation. The parent company - Vietnam National Chemical Group is a 100% state capital enterprise and restructed from Group Office, departments and dependent companies including: Centre for Information of the Chemical Science and Techniques, Chemical Services and Trade Center.

Apart from the parent company - Vietnam National Chemical Group, the Group has 03 companies which Vinachem holds 100% registered capital, 21 companies which Vinachem holds the leading shares (over 50% registered capital), 13 affiliates which Vinachem holds under 50% registered capital, one Research Institution and one College.

On June 23rd 2010, according to Decision No 953/QD-TTg signed by Prime Minister, the Parent Company - Vietnam National Chemical Group was changed into a Limited Company owned by the State.

Key trading sector of Vinachem including:

Investing and trading state capital; producing and trading fertilizers, pesticides, basic chemicals, household chemical, chemical industry, pharmaceutical chemistry, petrochemical, rubber processing industry, mine exploitation industry.

Trading machines and equipment, materials for the chemical industry, training high-quality labor force and trading other sector according to prescriptions of law.

Vinachem's operation goal is shown clearly through three criteria: keeping and increasing profit and state capital owned by Vinachem and its own capital investing into other companies; playing the leading role for the development of a multi possession Vietnam National Chemical Group in which state possession is the most important; maximizing the operation efficiency of the Group.

Vinachem's development strategies in the coming period are to develop in multi-sector and multi-possession business, to reach an advanced technology, modern management and high specialization in which chemical industry development is taken priority. The Group keeps playing the leading role in the development of chemical sectors which is conformable to socio-economic strategy of the country, uses natural resources sensibly, actively preserves inputs, and limits the import of materials. As for each product, Vinachem sets up detailed road maps to control domestic markets and expand export ones. The Group will import latest technology and automatic equipment for new investment projects in competitive fields so that its products will have high quality, competitive price and environment-friendly. At the same time, Vinachem will emphasize on investing projects which help ensure national food safety and meet domestic fertilizer demand (phosphate, urea, NPK), enlarge petrochemical and pharmaceutical chemical companies as well as export chemical products based on the increase of their competitiveness.