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A Vietnamese chemical corporation achieved a revenue of more than 62,000 billion VND and reached the Top 148 in Southeast Asia, so how many Vietnamese businesses are left to compete directly with the region's leading industrial corporations in the next 5 years?
Vietnam Chemical Group Vinachem has just marked a historic milestone when it first appeared in the Fortune Southeast Asia 500 ranking announced by Fortune. With the 148th position, Vinachem has become one of Vietnam's heavy industrial enterprises with high rankings in the region, reflecting a strong transformation after many years of restructuring.
According to published information, Vinachem achieved revenue of about 2.4 billion USD last year, equivalent to about 62,400 billion VND at the exchange rate of 26,000 VND/USD. Profit reached about 146 million USD, equivalent to nearly 3,800 billion VND.
Vinachem's outstanding business results table
Value Indicator
Revenue of 2.4 billion USD
Converting VND is about 62,400 billion VND
Profit 146 million USD
Converting VND is about 3,800 billion VND
Fortune SEA 500 ranking 148
Areac Southeast Asia
The return journey of an industrial "giant".
Vinachem went through a difficult period when many chemical and fertilizer projects suffered prolonged losses, putting great pressure on business results. However, in recent years, the group has promoted financial restructuring, improved operating efficiency and optimized production systems.
Vinachem's key areas currently include:
✅ Fertilizer
✅ Basic chemicals
✅ Industrial rubber
✅ Batteries and accumulators
✅ Pesticides
Appearing in the Fortune SEA 500 ranking not only means revenue but also demonstrates the competitiveness of Vietnam's chemical industry on the regional map.
Compare scale
Enterprise Country Sector
Vinachem Vietnam Chemicals
PTT Global Chemical Thailand Petrochemical
Petronas Chemicals Malaysia Petrochemicals
Chandra Asri Pacific Indonesia Chemicals
SCG Chemicals Thailand Chemicals
Although there is still a large gap in scale compared to Petronas Chemicals or PTT Global Chemical, Vinachem reaching the Top 148 shows that Vietnamese businesses are gradually narrowing the gap with regional industrial corporations.
Scale of converted revenue
62,400 billion VND in revenue
Equivalent to more than 171 billion VND per day
Nearly 7.1billion VND per hour
About 118 million VND per minute
This number shows the huge operating capacity of the chemical production and distribution system nationwide.
Summary of achievements
Content Results
First time entering Fortune SEA 500 Yes
Ranked position 148
Revenue of 62,400 billion VND
Profit of 3,800 billion VND
Meaning: Affirming Vietnam's industrial position
Vinachem being honored by Fortune is not only a personal success for the business but also a positive signal for the entire Vietnamese industry. In the context of increasingly fierce competition between chemical corporations in Thailand, Malaysia and Indonesia, Vinachem's appearance in the Top 148 Southeast Asia is considered a notable step forward for Vietnamese enterprises on the regional playing field.
In your opinion, can Vinachem enter the Top 100 Fortune Southeast Asia 500 in the next few years or is this the limit of a state-owned industrial corporation?
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