HANOI - Vietnam National Chemical Group (Vinachem) has been recognized for the first time in the 2026 Fortune Southeast Asia 500 (Fortune SEA 500) ranking, securing the 148th position among the region's largest companies. This milestone underscores Vinachem's emergence as a key player in Southeast Asia's industrial landscape and reflects the broader progress of Vietnamese state-owned enterprises under a national directive to enhance regional competitiveness.
The Fortune SEA 500, now in its third year, ranks companies from seven Southeast Asian countries—Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia—based on total revenue. Vinachem reported revenue of USD 2.332 billion and profit of USD 103.8 million in 2025, demonstrating financial resilience and operational efficiency amid market fluctuations. The group's performance stems from restructuring efforts and productivity improvements that have strengthened its foundation.
Mr. Nguyen Huu Tu, Chief Executive Officer of Vinachem, attributed the achievement to the group's determined implementation of directives from the Politburo's Resolution No. 79-NQ/TW, dated January 6, 2026, which aims to have 50 state-owned enterprises among Southeast Asia's 500 largest by 2030. He stated, "This recognition not only acknowledges the efforts of nearly 20,000 employees across Vinachem in driving innovation, transformation, and sustainable development, but also reflects the growing competitiveness of Vietnamese industrial enterprises in the regional integration process."
Vinachem's strategic focus includes accelerating digital transformation, green transition, and high-tech industry development. Key initiatives include the VinachemMart e-commerce platform and the Vinachem Agriculture platform, which aim to strengthen market connectivity and promote sustainable agricultural value chains. VinachemMart advances digital commerce, while Vinachem Agriculture connects farmers with scientists, experts, and government agencies to improve agricultural efficiency.
Looking ahead, Vinachem is prioritizing investment in high-value, technology-intensive sectors such as pharmaceutical chemicals, advanced materials, chemicals for electronics and semiconductors, rare-earth extraction and processing, and circular economy projects. The group is also developing R&D centers and integrated industrial parks designed around modern, circular, and sustainable principles. These efforts aim to enhance the competitiveness of Vietnam's chemical industry within regional and global value chains.
Vinachem's inclusion in the Fortune SEA 500 ranking not only validates its scale and financial strength but also marks progress in its transformation and international integration. The recognition provides momentum for the group to continue as a leading enterprise, contributing to national industrial development and strengthening the presence of Vietnamese companies on the regional economic stage.
