VINACHEM

On April 18, 2025, Viet Tri Chemicals Joint Stock Company (VITRICHEM) held the 2025 Employee Representative Conference and summarized the patriotic emulation movement for the period 2020–2025. The conference was attended by Mr. Nguyễn Hữu Tú – Deputy Secretary of the Party Committee, Member of the Board of Directors, General Director And CEO of the Group; Mr. Nguyễn Huy Thông – President of the Vietnam Industry Chemical Trade Union, along with 93 delegates representing nearly 400 employees of Whole the Company.

At the conference, Mr. Đào Hải Linh – Deputy General Director of VITRICHEM, presented a report on the implementation of the 2024 production plan. Accordingly, from Q4/2024, domestic and Asian aluminum powder prices increased sharply due to the new tax policy of the United States, causing a shortage of raw materials and prioritizing exports. The domestic supply of aluminum powder decreased suddenly, forcing the Company to temporarily suspend the PAC production line. Meanwhile, the Vi-CHLORiNE product entered the commercialization phase, leading to a sharp increase in costs, including basic depreciation, sales, communication, and promotion expenses to boost consumption. However, at the end of the year, the aquaculture industry faced difficulties due to epidemics, causing a decrease in demand, coupled with fierce competition from domestic and imported products, affecting the output of Vi-CHLORiNE.

The chemical market continued to be fiercely competitive as domestic enterprises simultaneously expanded their capacity, while demand did not increase correspondingly.

Despite facing many challenges, the Company still achieved positive results in 2024: Industrial production value (at constant prices): 413.2 billion VND, by 108.9% compared to 2023; Industrial production value (at actual prices): 1,340.9 billion VND, by 113.5%; Total revenue: 1,616.7 billion VND, by 117.8%; Profit reached 106.02 billion, by 123.6% compared to the previous year.

Speaking at the conference, Mr. Nguyễn Hữu Tú, Deputy Secretary of the Party Committee, Member of the Board of Directors, General Director and CEO of the Group, emphasized that in 2024 and the first months of 2025, despite facing a complex global and regional economic context, the Company still completed and exceeded many important targets, of which the average income reached over VND 16 million VND/person/month, ensuring stable living conditions for employees. The Company also paid attention to policies to care for the lives of employees, such as health insurance, vacations, bereavement visits, maternity support, birthdays, holidays, and rewarding excellent students. These policies not only create trust but also strengthen internal cohesion, promote work motivation, and contribute to the sustainable development of the Company.

However, he also pointed out that the Company needs to focus more on risk management, especially in the context of industrial production with many potential factors related to technology, environment, safety, and legal issues.

2025 is the final year of the 5-year plan for the period 2021–2025, which is of great importance in implementing the Resolution of the 13th Party Congress. He hoped that all leaders and employees would continue to promote the spirit of solidarity, overcome difficulties to complete tasks, and achieve a growth target of over 8%, creating a solid foundation for the 2026-2030 period.

He suggested that the Company implement the following key solutions: Enhance the discipline and responsibility culture of employees, build an industrial work style, strictly comply with labor regulations, and create a disciplined working environment; Strengthen digital transformation and scientific and technological development, promote innovation, improve product quality, and adjust the organizational structure in accordance with Resolution No. 18-NQ/TW; Care for the material and spiritual life of employees, ensure a safe working environment, and implement social welfare regimes well; Ensure occupational safety and health, fire prevention and fighting, environmental protection, maintain machinery and equipment, control the quality of input materials, and research technological improvements; Develop new products and strengthen product distribution, especially with major partners with whom the Group has signed cooperation agreements, to increase sales volume.

He believes that, with a solid foundation and the consensus of the collective, Viet Tri Chemical Joint Stock Company will continue to affirm its position, maintain growth momentum, and make positive contributions to the development of the Group.