HYOSUNG VINA CHEMICALS CO., LTD

HYOSUNG VINA CHEMICALS CO., LTD (CÔNG TY TNHH HÓA CHẤT HYOSUNG VINA) is a significant player in Vietnam’s chemical manufacturing industry, specializing in the production of ethylene, propylene, polypropylene (homo and co), and hydrogen. Since its establishment on May 30, 2018, the company has grown into one of the largest foreign direct investment (FDI) enterprises in the sector. It operates under Business ID 3502363820and is fully owned by Hyosung Chemical Corporation, South Korea. Its headquarters are located at Lot 01CN~08CN, Cai Mep Industrial Park, Phu My Town, Ba Ria - Vung Tau Province, Vietnam, with a representative office in Ho Chi Minh City.

The company has made remarkable strides in terms of sales growth, reaching USD 587.14 million in 2023, a 33.56% increase from the previous year. However, profitability remains a challenge, with a net loss of USD 195.8 million in the same period. Despite this, owner's equity surged to USD 98.9 million, marking an extraordinary 2,263.25% year-over-year increase, a sign of restructuring efforts to stabilize financial performance.

With a workforce of 450 employees, HYOSUNG VINA CHEMICALS CO., LTD operates under the leadership of Kim, the General Director, and Phi, the PR Director. Their combined expertise has steered the company through volatile market conditions while ensuring continued operations in chemical production and distribution.

Beyond chemical manufacturing, the company is also engaged in wholesale of fuels, quarrying of stone, sand, and clay, and civil engineering projects. Its presence in these sectors reinforces its role as an industrial powerhouse contributing to Vietnam’s infrastructure and energy markets.

Despite financial setbacks, HYOSUNG VINA CHEMICALS CO., LTD maintains a strong asset base of USD 1.3 billion, making it one of the most capital-intensive chemical enterprises in Vietnam. Its strategic investments and expansion efforts indicate long-term commitment and resilience, even in a challenging economic landscape.