On October 9, 2025, at the Conference between the Prime Minister and the Business Community on the occasion of Viet Nam Entrepreneurs’ Day, Mr. Phùng Quang Hiệp, Member of the Party Committee of the Government, Secretary of the Party Committee, and Chairman of the Members’ Council of Vinachem, delivered a keynote presentation.

Overview of the Conference between the Prime Minister and the Business Community on the occasion of Viet Nam Entrepreneurs’ Day

The presentation highlighted the positive production and business results achieved in the first nine months of the year, the strategic role of the Potash Rock Salt Mining Project in Laos, and the recovery of three fertilizer plant projects from losses to profitability, thereby affirming the Group’s sustainable development orientation.

Potash Project in Laos – A Strategic Growth Driver

At the strategic level, the Potash Rock Salt Mining and Processing Project in Laos has been identified as a key pillar opening up a new growth trajectory, helping to enhance input self-sufficiency and the competitiveness of the domestic fertilizer industry, while also demonstrating the role of a State-owned enterprise in regional-scale projects.

Chairman of the Members’ Council of Vinachem Phùng Quang Hiệp highlighted three focal points: the nine-month results, the potash rock salt project in Laos, and the recovery of three fertilizer projects.

Accordingly, Mr. Phùng Quang Hiệp affirmed that the potash project in Laos is of particularly important significance to the Group’s long-term sustainable development. It is expected to become a strategic driver enabling Vinachem to achieve double-digit growth targets during the 2026–2030 period, while also carrying political, diplomatic, defense, and security significance, further strengthening the Viet Nam–Laos friendship.

In parallel, Vinachem continues to finalize restructuring schemes and the five-year investment and development plan approved by the Prime Minister, closely aligned with the development orientation of the chemical industry—one of the six foundational industries of the national economy.

Nine-Month Growth and Social Responsibility

At the same time, production and business activities in the first nine months of 2025 recorded positive growth momentum: industrial production value reached approximately VND 47,713 billion (up 16%); consolidated revenue reached approximately VND 51,478 billion (up 16%); estimated pre-tax profit amounted to VND 2,980 billion; and exports reached USD 489 million (up 16%). Output effectively met domestic and export demand, including 3 million tons of fertilizer, 3 million automobile tires, nearly 3 million motorcycle tires, and 236 thousand tons of detergents.

With regard to the three fertilizer plant projects, restructuring results show a clear improvement trend: while losses in 2024 still totaled more than VND 745 billion, all three projects have now turned profitable, with operating capacity maintained at 80–94% of designed capacity. All products manufactured have been fully consumed, contributing to the assurance of national food security.

In addition, in response to the impacts of La Niña and major storms, Vinachem proactively implemented prevention and response plans to ensure the safety of personnel and equipment. Following Storm No. 10, the Group launched a donation campaign to support communities in affected areas, demonstrating the social responsibility of a State-owned enterprise. On the occasion of October 13, Vinachem’s leadership expressed gratitude for the attention and support of the Party, the State, the Government, ministries, sectors, and localities, viewing this as a driving force for the Group to continue its efforts to contribute to national development.