Company news

On 6 November 2026, at the headquarters of the Ministry of Foreign Affairs (No.1, Ton That Dam, Hanoi), Mr. Nguyễn Văn Luyện – Deputy General Director of Vietnam National Chemical Group (Vinachem) – participated in a networking event between Vietnamese enterprises and African Ambassadors. The programme was jointly organised by the Ministry of Foreign Affairs, through the Department of Middle East and Africa and the Department of Economic Diplomacy, on the occasion of African Ambassadors presenting credentials in Vietnam.

The event brought together African Ambassadors and Chargés d’Affaires in Vietnam, as well as Vietnamese Ambassadors to African countries who joined online. It provided a forum for diplomatic missions and Vietnamese businesses to exchange information on market opportunities, share challenges in business and investment in Africa, and showcase Vietnamese export products to regional partners.

In his address, Mr. Nguyễn Văn Luyện outlined Vinachem’s scale, production capacity, and development orientation. As a leading state-owned enterprise in the chemical industry, Vinachem employs around 20,000 staff across 33 member units, operating in six main areas: fertilisers and crop protection; basic chemicals and industrial gases; rubber, tyres and tubes; batteries and accumulators; detergents and consumer chemicals; and apatite ore mining and processing.

Vinachem has an annual production capacity of over 8 million tonnes of fertiliser, accounting for about 50% of the domestic market; mines and processes around 2 million tonnes of apatite ore each year; and produces over 5 million car tyres and 40 million motorcycle tyres and tubes. In other sectors, the group’s basic chemical production exceeds 1 million tonnes per year, battery output is around 280 million units, accumulators over 2 million kWh, and detergents about 450,000 tonnes per year.

Vinachem products are exported to more than 70 countries and territories, including high-standard markets such as the United States, Europe, Japan, South Korea, and Brazil.

Experience in international markets provides a foundation for the Group to expand its commercial activities, develop its partner network, and introduce products to new markets.

Africa – A Key Market in Vinachem’s Export Expansion Strategy

Assessing the potential for cooperation with Africa, Deputy General Director Nguyễn Văn Luyện noted that the region offers many opportunities, especially in agriculture, fertilisers, and food security. For the 2026–2030 period, Vinachem has identified export expansion as a major growth driver, with Africa being a focus for research and development.

Vinachem has proactively established and expanded partnerships in the region. In 2026 alone, the Group organised delegations to Egypt and South Africa to meet partners, explore business opportunities, and sign memoranda of understanding. These activities were supported by Vietnamese Embassies in the respective countries.

During the event, Vinachem proposed strengthening coordination with Ambassadors and Vietnamese representative offices to connect with regulatory agencies, importers, distributors, and industry associations in African countries. The Group also expressed interest in participating in essential goods supply programmes initiated by governments and organisations in the region.

In agriculture, Vinachem aims to explore South-South Cooperation programmes, including sending technical experts, developing demonstration models, and organising training courses on cultivation and efficient fertiliser use. These activities are intended to raise crop productivity, improve fertiliser efficiency, and support farmers’ livelihoods.

Alongside export activities, Vinachem is also seeking opportunities to import phosphate ore and other raw materials for chemical and fertiliser production from Africa. Such cooperation will help diversify supply sources and promote two-way trade between Vietnam and African countries.

Enhancing Connectivity and Removing Barriers in Trade

To make cooperation opportunities substantive, Vinachem proposed boosting trade promotion through fairs, exhibitions, and business matching programmes, while intensifying information exchange on markets, quality standards, registration requirements, and import procedures in each country.

The Group is also keen to connect with reputable banks and financial institutions to identify suitable payment methods and mitigate risks in international transactions. In addition, coordination to provide information and support in resolving procedural, licensing, and customs issues will facilitate Vietnamese enterprises’ access to the African market.

Through this networking meeting, Vinachem introduced its production capacity, product portfolio, and cooperation directions to diplomatic representatives. Discussions at the event lay the groundwork for further engagement with partners, turning opportunities into practical cooperation in exporting fertilisers, chemicals, industrial products, and sourcing raw materials.

With its production capabilities, export experience, and multi-sectoral cooperation approach, Vinachem aims to expand its presence in the African market, thereby contributing to the Group’s export growth and fostering trade relations between Vietnam and countries in the region.