Top largest companies in Vietnam's chemical industry

This article provides an in-depth look at the largest companies in Vietnam's chemical industry, including their market positions, market shares, revenue, and profit for 2023. Additionally, we highlight comprehensive reports available from Vietnam Business Information, offering a detailed analysis of each company’s operations and performance.

1. Vietnam Chemical Corporation (Vinachem)

Vietnam Chemical Corporation (Vinachem) is a state-owned enterprise that plays a pivotal role in Vietnam's chemical industry. With a diverse portfolio that includes fertilizers, basic chemicals, and industrial products, Vinachem is a cornerstone of the industry.

• Market Position: Vinachem is a major player in various chemical segments, particularly in the production of fertilizers and industrial chemicals.
• Market Share: The company holds leading positions in multiple chemical product categories, driven by its extensive manufacturing capabilities and broad product range.
• Revenue (2023): VND 55.2 trillion (approx. USD 2.1 billion).
• Profit (2023): VND 3.2 trillion (approx. USD 128 million).

Vinachem’s extensive portfolio includes products essential for agriculture, industry, and consumer markets. The company’s strategic investments in modernizing its production facilities and enhancing its supply chain have enabled it to maintain a strong market presence. Vinachem’s focus on innovation and sustainability has also been a key driver of its success.

The detailed report from Vietnam Business Information on Vinachem covers its operations, including production facilities, product lines, and strategic initiatives. This report is an invaluable resource for anyone seeking to understand Vinachem’s impact on the market and its future direction.

2. PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo)

PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), stands as a leading force in Vietnam's fertilizer and chemicals market. The company’s product portfolio includes a variety of fertilizers such as urea, NPK, and other specialty chemicals critical for the agricultural sector.

• Market Position: PVFCCo is recognized as the market leader in the fertilizer sector, leveraging its strong brand and extensive distribution network.
• Market Share: The company commands approximately 30% of the domestic fertilizer market, reflecting its dominant position.
• Revenue (2023): VND 13.5 trillion (approx. USD 530 million).
• Profit (2023): VND 1.6 trillion (approx. USD 65 million).

PVFCCo’s success is attributed to its advanced production facilities and continuous investment in research and development. The company has established itself as a trusted provider of high-quality fertilizers, which are essential for Vietnam’s robust agricultural industry. PVFCCo’s strategic focus on sustainability and environmental protection has further strengthened its market position.

For a comprehensive understanding of PVFCCo’s business operations, financial performance, and market strategies, the detailed company report from Vietnam Business Information is invaluable. This report covers aspects such as product innovations, market trends, competitive positioning, and future growth prospects.

3. Duc Giang Chemicals Group JSC

Duc Giang Chemicals Group JSC is a prominent player in Vietnam's chemical industry, specializing in producing phosphates, detergents, and other chemical products. The company is well-regarded for its innovation and adherence to high-quality standards.

• Market Position: Duc Giang Chemicals is a leading producer of phosphates and detergents in Vietnam, with a significant market share in these segments.
• Market Share: The company holds a considerable market share in its product segments, supported by strong research and development capabilities and a broad distribution network.
• Revenue (2023): VND 9.7 trillion (approx. USD 383 million).
• Profit (2023): VND 3.4 trillion (approx. USD 135 million).

Duc Giang Chemicals’ success is built on its commitment to innovation and quality. The company’s advanced production facilities and rigorous quality control processes ensure that its products meet the highest standards. Duc Giang’s strategic focus on sustainability and environmental stewardship has further strengthened its market position.

Vietnam Business Information's detailed report on Duc Giang Chemicals Group includes analyses of its product offerings, market strategies, financial performance, and competitive landscape. This report is vital for understanding the company’s market influence and future potential.

4. Southern Basic Chemicals Joint Stock Company (SBC)

Southern Basic Chemicals Joint Stock Company (SBC) specializes in producing and distributing basic chemicals used across various industries, including textiles, plastics, and electronics. SBC is known for its high-quality chemical products and strong market presence.

• Market Position: SBC is a leading supplier of basic chemicals in Vietnam, with a well-established customer base and robust production capabilities.
• Market Share: The company holds a significant share of the basic chemicals market, supported by its ability to meet diverse industrial needs.
• Revenue (2023): VND 1.5 trillion (approx. USD 62.4 million).
• Profit (2023): VND 289 billion (approx. USD 11.3 million).

SBC’s product portfolio includes essential chemicals such as caustic soda, hydrochloric acid, and sodium hypochlorite. The company’s commitment to quality and customer satisfaction has earned it a strong reputation in the market. SBC’s strategic focus on expanding its production capacity and entering new markets has been instrumental in its growth.

The company report on SBC from Vietnam Business Information offers comprehensive insights into its market strategies, financial health, and competitive positioning. This report is essential for understanding SBC’s role in the chemical industry and its growth prospects.

Vietnam's chemical industry is characterized by a diverse mix of state-owned enterprises and private companies, each contributing significantly to the market. The largest companies in this sector have demonstrated strong financial performance in 2023, reflecting the overall growth of the industry. For those seeking detailed insights and analyses, Vietnam Business Information offers comprehensive company reports on these industry leaders.

These reports provide invaluable information on market positions, financial health, strategic initiatives, and future prospects. By leveraging these reports, stakeholders can gain a deeper understanding of the competitive landscape and make informed decisions in Vietnam's dynamic chemical industry.

For each company profiled in this article, Vietnam Business Information offers detailed reports that cover everything from financial performance to strategic initiatives, providing a holistic view of their operations. These reports are essential tools for investors, analysts, and anyone interested in the future of Vietnam's chemical industry.

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