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TOP 10 COMPANIES OF THE CHEMICALS AND CHEMICAL PRODUCTS INDUSTRY

TOP 10 COMPANIES OF THE CHEMICALS AND CHEMICAL PRODUCTS INDUSTRY

Wednesday 13, 01 2021
Check out the top 10 chemicals and chemical products companies in Vietnam.

Opportunities and challenges of Vietnam’s chemicals and chemical products industry

There are various opportunities and challenges that the chemicals and chemical products industry is experiencing.

The chemicals and chemical products industry always plays a key role in economic development. The demand for chemicals is great because this sector provides raw materials for production and consumption, such as fertilizers or detergents. The investment capital will be mobilized both inside and outside the country to create the most optimal conditions for the chemicals industry. In particular, foreign investment projects requiring high technology will be prioritized.

However, this industry has faced several problems. The domestically produced chemicals do not meet domestic demand and must compete on prices with foreign competitors, especially China. Most of the domestic technical and machinery system is at an average level, leading to low productivity. The technical level and skills are not high; the investment cost of chemical production technology is often huge and the technology transfer takes much time.

Here is the list of top 10 chemicals and chemical products companies in Vietnam compiled by VietnamCredit based on independent research and evaluation by VietnamCredit's experts. The information is derived from the database of VietnamCredit, and other in-house sources.

The criteria for evaluating the ranking of the top 10 companies in the chemicals and chemical products industry in Vietnam include business performance (over the last 3 fiscal years), credit ratings, legal history, and objective assessment by VietnamCredit rating experts.

VIET NAM FUMIGATION JOINT STOCK COMPANY


VFC's business activities include three main areas: trading agrochemicals and pest control equipment; providing fumigation services; and supplying office leasing service. Its products and services include distribution of imported agrochemicals; provide termite, mouse, and insect extermination services and equipment with brand name Pestman; fumigation services for import and export agricultural products, containers, ships, and office buildings leasing service. 

In 2019, VFC was rated A by VNC, demonstrating its good capacity for financial commitments. 
VFC

Contact information:
»Abbreviation Name: VFC
»Address: VFC Tower, No. 29, Ton Duc Thang Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam
»Telephone: (84-28) 3822 8097
»Email: [email protected]  
»Website: www.vfc.com.vn

CHEMICAL JOINT STOCK COMPANY

CHEMICAL JOINT STOCK COMPANY, formerly Chemical Company, a state-owned company operating since 1958 and belonging to the Ministry of Trade, has been transformed into a Joint-stock company in 2004.

The main business is trading chemical products for fields: paper, plastic, detergent, textile garment, etc. Besides, it also imports and trades wood; invests in real estate projects. Some import markets are China, the USA, Thailand, and France. 
Chemco

In 2019, CHEMCO's credit rating was at BBB. This means that it has adequate capacity for financial commitments. 
Contact information:
»Abbreviation Name: CHEMCO
»Address: No. 135, Nguyen Van Cu St., Ngoc Lam Ward, Long Bien District, Ha Noi City, Vietnam
»Telephone: (84-4)38271944
»Email: [email protected]
»Website: http://chemco.com.vn/

SOUTH BASIC CHEMICALS JOINT STOCK COMPANY

SOUTH BASIC CHEMICALS JOINT STOCK COMPANY is a manufacturer of basic inorganic chemicals leading in Vietnam under Vietnam Chemicals Corporation.

The businesses focus on manufacturing and trading basic chemicals like Sodium hydroxide, Aluminum hydroxide, Ammonium hydroxide, Sulfuric Acid, Aluminum Sulfate, Potassium Alum… 
SBCC

In 2019, its credit rating was at BBB. This means that it has adequate capacity for financial commitments. 
Contact information:
»Abbreviation Name: SBCC
»Address: No. 22, Ly Tu Trong Street, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam
»Telephone: (84-8) 382 96620 - 3822 5373 - 3822 3484 - 3825 8297
»Email: [email protected]
»Website: http://www.sochemvn.com/

LIX DETERGENT JOINT STOCK COMPANY

LIX engages in manufacturing detergents of all kinds such as washing powder, dishwashing liquid, fabric softener, floor cleaner, detergent, liquid detergent, hand wash gel with brands On1, LIX, Super Clean. Besides, it is also a private label manufacturer for SAIGON COOP and BACH HOA XANH systems. On 10 Dec 2009, the company's LIX share was officially listed on HOSE.
LIXCO

In 2019, LIX was rated A by VNC, demonstrating its good capacity for financial commitments. 
Contact information:
»Abbreviation Name: LIXCO
»Address: No. 3, Road No. 2, Quarter No. 4, Linh Trung Ward, Thu Duc District, Ho Chi Minh City, Vietnam
»Telephone: (84-28) 3896 0388 - 3896 0389 - 3896 4072 - 3896 6803
»Email: [email protected] 
»Website: www.lixco.com

PETROVIETNAM FERTILIZER AND CHEMICALS CORPORATION

The functions and duties of PVFCCO are to take over, manage, and operate effectively Phu My Fertilizer Plant, produce & trade urea fertilizer, liquid ammoniac, industrial gas, and other chemical products. The main production activities of the company are carried out at Phu My Fertilizer Factory. 

Despite the Covid-19 pandemic and the implementation of social distancing, a series of businesses still reported a sudden high profit in the first half of 2020. In 2019, the credit rating of PVFCCO was AA. This credit rating scale is used by VNC to demonstrate its very strong capacity for financial commitments.
PVFCCO
Contact information:
»Abbreviation Name: PVFCCO
»Address: 7th Floor, PVFC Co Building, No. 43, Mac Dinh Chi Street, Da Kao Ward, District 1, Ho Chi Minh City, Vietnam
»Telephone: (84-28) 3825 6258
»Email: [email protected]   
»Website: http://www.dpm.vn

DUCGIANG CHEMICALS GROUP JOINT STOCK COMPANY

The company specializes in manufacturing and trading detergents and chemical products, such as H3PO4 products, pharmaceutical chemicals, pure chemicals, technical chemicals. It was founded in 1963 as a state-owned company. In 2004, the subject was capitalized. 
In 2019, DUCGIANG CHEMICALS GROUP JOINT STOCK COMPANY was rated A by VNC, demonstrating its good capacity for financial commitments. 
DGC

Contact information:
»Abbreviation Name: DGC
»Address: 18/44 Duc Giang Street, Thuong Thanh Ward, Long Bien District, Hanoi, Vietnam
»Telephone: (84-24) 38271620
»Email:  [email protected]
»Website: https://ducgiangchem.vn/

LAM THAO FERTILIZERS AND CHEMICALS JOINT STOCK COMPANY

The precursor of the company was a state-owned enterprise founded in 1962 in Phu Tho Province. After changes, the company was capitalized on December 29th, 2009. The company specializes in manufacturing phosphate fertilizers, mixed NPK fertilizers, and industrial chemicals. Products are mainly supplied for the domestic market. A small part is exported to Japan, South Korea, and China. 
LAFCHEMCO

Its credit rating for 2019 was BB according to VNC, showing its vulnerability to adverse changes in circumstances and economic conditions. 
Contact information:
»Abbreviation Name: LAFCHEMCO
»Address: Phuong Lai 6 Zone, Lam Thao Town, Lam Thao District, Phu Tho Province, Vietnam 
»Telephone: (84-210) 3825139/ 3825140/ 3825142
»Email: [email protected]  
»Website: https://supelamthao.vn/

HO CHI MINH CITY CHEMICAL JOINT STOCK COMPANY

The company is one of the largest Calcium Carbonate (CaCO3) powder producing plants in southern Vietnam. The two stone powder grinding lines have a total capacity of 100,000 tons per year. It is well-known for product brand - Thien Long Calcium Carbonate. Besides the domestic market, products are traded for China, Taiwan, India… through other trading partners.
HCMC JSC
In 2019, its credit rating was at BBB. This means that it has adequate capacity for financial commitments. 
Contact information:
»Abbreviation Name: HCMC JSC
»Address: No. 938, Cat Lai Industrial Park, Nguyen Thi Dinh Street, Thanh My Loi Ward, District 2, Ho Chi Minh City, Vietnam 
»Telephone: (84-28) 3742 1196 - 3742 3547
»Email: [email protected]
»Website: https://hcmc.com.vn/

VIET TRI CHEMICAL JOINT STOCK COMPANY

The precursor of Vitrichem was Viet Tri Chemical Factory No. 1 - the first basic chemical factory of Vietnam which started its construction on 4 Nov 1959. It has officially operated as a joint-stock company since 2005. 

Vitrichem's credit rating for 2019 was BB according to VNC, showing its vulnerability to adverse changes in circumstances and economic conditions. 
VITRICHEM

Contact information:
»Abbreviation Name: VITRICHEM
»Address:  Song Thao Street, Tho Son Ward, Viet Tri City, Phu Tho Province, Vietnam
»Telephone: (84-210) 3911 696
»Email: [email protected] 
»Website: http://www.vitrichem.vn/

VIETNAM NATIONAL CHEMICAL GROUP

The Group has 3 companies which Vinachem holds 100% registered capital, 21 companies which Vinachem holds the leading shares, 13 affiliates which Vinachem holds under 50% registered capital, 1 Research Institution, and 1 College.

VINACHEM's credit rating for 2019 was BB according to VNC, showing its vulnerability to adverse changes in circumstances and economic conditions. 
VINACHEM

Contact information:
»Abbreviation Name: VINACHEM
»Address: No. 1A, Trang Tien Street, Trang Tien Ward, Hoan Kiem District, Ha Noi City, Vietnam
»Telephone: (84-24) 3824 0551 
»Email: [email protected]
»Website: http://www.vinachem.com.vn/

For in-depth data on companies of the chemicals and chemical products industry, including revenues, profits, and industry averages, please see Vietnam’s Chemicals and Chemical Products Industry Report.
 

Overview of Vietnam’s chemicals and chemical products industry

Hoang Nguyen - VietnamCredit

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