Vietnam National Chemical Group (Vinachem) has been recognized for the first time in the 2026 Fortune Southeast Asia 500 (Fortune SEA 500) ranking, a milestone that highlights the growing competitiveness of Vietnamese industrial enterprises in the region. The ranking, published by Fortune, placed Vinachem at 148th among Southeast Asia's 500 largest companies, based on 2025 revenue of USD 2.332 billion and profit of USD 103.8 million.
This recognition comes as Fortune releases its third annual Southeast Asia 500 list, which ranks companies across seven countries: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia. The list focuses on scale and operational excellence, and Vinachem's inclusion marks a significant step for the state-owned chemical giant, which employs nearly 20,000 people.
Mr. Nguyen Huu Tu, Chief Executive Officer of Vinachem, emphasized that the achievement aligns with directives from the Politburo's Resolution No. 79-NQ/TW dated January 6, 2026, which aims to have 50 state-owned enterprises ranked among Southeast Asia's 500 largest companies by 2030. "This recognition not only acknowledges the efforts of nearly 20,000 employees, engineers, and workers across Vinachem in driving innovation, transformation, and sustainable development, but also reflects the growing competitiveness of Vietnamese industrial enterprises in the regional integration process," Tu said.
The company's financial results demonstrate resilience amid market fluctuations, supported by restructuring and productivity improvements. Vinachem has also launched digital initiatives such as the VinachemMart e-commerce platform and the Vinachem Agriculture platform, which aim to modernize commerce and agricultural value chains.
Looking forward, Vinachem is prioritizing innovation, digital transformation, green transition, and sustainable development. The group plans to invest in high-tech sectors including pharmaceutical chemicals, advanced materials, chemicals for electronics and semiconductors, rare-earth extraction, and circular economy projects. It is also developing R&D centers and integrated industrial parks designed around circular principles to enhance Vietnam's chemical industry competitiveness.
The inclusion in the Fortune SEA 500 is not just a recognition of Vinachem's scale and financial health but also a testament to its transformation and integration into regional and global value chains. For Vietnam, this achievement signals that state-owned enterprises can compete internationally, supporting national industrial development. The milestone provides momentum for Vinachem to accelerate its strategic goals and contribute to the broader objective of building large-scale, efficient state-owned economic groups as outlined in Politburo Resolution No. 79-NQ/TW.
