HANOI — Vietnam National Chemical Group (Vinachem) has been recognized for the first time in the 2026 Fortune Southeast Asia 500 (Fortune SEA 500) ranking, placing 148th among the region's largest corporations. The milestone underscores the Group's growing scale and operational strength as it aligns with Vietnam's strategic push to elevate state-owned enterprises on the regional stage.
Published by Fortune, the SEA 500 ranks companies based on total revenue across seven countries: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia. Vinachem recorded revenue of USD 2.332 billion and profit of USD 103.8 million in 2025, reflecting a solid financial foundation and effective restructuring efforts, according to the Group.
Mr. Nguyen Huu Tu, Chief Executive Officer of Vinachem, said the recognition is a tangible outcome of the Group's determined implementation of Politburo Resolution No. 79-NQ/TW, issued on January 6, 2026, which aims to have 50 state-owned enterprises ranked among Southeast Asia's 500 largest companies by 2030. He noted that the achievement acknowledges the efforts of nearly 20,000 employees in driving innovation, transformation, and sustainable development.
The ranking provides momentum for Vinachem to accelerate innovation, digital transformation, green transition, and high-tech industry development. Concrete steps in this strategy include the launch of the VinachemMart e-commerce platform and the Vinachem Agriculture platform, which aims to connect farmers with scientists, experts, businesses, and government agencies to improve agricultural value chain efficiency and promote green and sustainable agriculture.
Looking ahead, Vinachem has identified innovation, digital transformation, green transition, and sustainable development as key growth drivers. The Group 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 initiatives. It is also investing in R&D centers and integrated industrial parks designed around modern, circular, and sustainable principles to enhance the competitiveness of Vietnam's chemical industry within regional and global value chains.
Vinachem's inclusion in the Fortune SEA 500 not only reflects its scale and financial strength but also signals progress in its transformation and international integration. This recognition provides a solid foundation for the Group to continue fulfilling its role as a leading enterprise, contributing to national industrial development and strengthening the presence of Vietnamese enterprises on the regional economic stage.
