VINACHEM

On July 18, 2025, in Nha Trang, Vietnam National Chemical Group (Vinachem) held a preliminary review conference for performance in the first six months of the year, and laid out tasks for the last six months of 2025.

First Half of 2025 Review: Revenue Grows 13%, Profit Grows 68% Year-on-Year; Many Businesses Completed 2025 Profit Plan

Key production and business indicators in the first six months all exceeded the planned 8% growth rate, demonstrating a positive recovery momentum and effective operational capabilities across the whole Group.

In the first six months of 2025, Vinachem’s industrial production value achieved estimating VND 31,859 billion, up 16% , by 53% of the plan. Consolidated Revenue reached VND 34,419 billion, up 13%, by 60% of the annual plan. The Group's Estimated Total Profit reached 1,821 VND billion, by 68% of the plan, up 68% compared to the same period in 2024.

Notably, the fertilizer sector continued to affirm its role as the pillar of profit growth for Vinachem, with outstanding results, completing 103% of the annual plan in just the first half of the year. Many unit members not only completed their profit plans early but also significantly exceeded their targets. Specifically, DAP No. 2 – Vinachem achieved 236% of its profit plan; NIFERCO reached 164% of its plan, DAP – Vinachem reached 140%, VAFCO reached 107%, and BFC reached 103%.

In the first half of 2025, the Group produced over 2 million tons of fertilizer, 1.9 million automobile tires, over 2 million motorcycle tires, 152 thousand tons of detergents, numerous essential chemical products, over 115 million batteries, and over 1 million KWh of various types of accumulators. The output of many products significantly increased compared to the same period.

Cumulative Losses Eliminated Six Months Ahead of Schedule, Ending a Difficult Loss-Making Period

Remarkably, Vinachem officially eliminated its cumulative losses by the end of Q2/2025 after many years of efforts in financial and management restructuring – achieving the goal of "no cumulative losses by the end of 2025" six months ahead of schedule. The Group's consolidated cumulative loss at the end of 2020 once reached VND 5,393 billion. The complete elimination of this loss is considered an important milestone, marking the Group's complete exit from the loss-making period, accumulating to move into a new, promising chapter. In parallel with production and business activities, Vinachem contributed VND 1,131 billion to the State Budget (equal to 62% of the annual plan) and maintained a stable workforce of over 18,000 people, with an average salary was VND 13.95 million/person/month, a 3% increase compared to the same period.

Determination to Complete Growth Plan for the Last Six Months of 2025

Entering the last six months of the year, the Group remains steadfast in its target of 8% growth in 2025 – a challenging but pivotal task for the 2026-2030 period with aspirations for double-digit growth. Vinachem has set specific targets and is implementing synchronous solutions to realize the committed 8% growth target:

• For Industrial Production, the Production Value calculated at actual prices in the last six months is expected to reach VND 28,326 billion, whole year’s 2025 estimated VND 60,186 billion, by 100.6% of the year plan and up 8.2% compared to 2024 result.

• Revenue for the last six months is VND 28,146 billion, Gross Revenue of whole year 2025 reach VND 62,565 billion, up 10%  of the year plan and up 5.1% compared to 2024.

• For Profit, the Group aims to achieve VND 997 billion in the last six months, contributing Gross Profit of whole year 2025 is VND 2,818 billion , by 106% of the year plan.

In addition to production and business activities, Vinachem continues to accelerate investment in development projects focusing on modern technology, enhancing production capacity, and restructuring according to the Group's strategic direction.

To achieve the set goals, Vinachem emphasizes a series of synchronous solutions across all areas, guiding member units to accelerate production and business, striving to reach 2025 targets early. The leadership of Vietnam Chemical Group requires units to focus on cost reduction, improving management efficiency, and being flexible in operations to maximize all market opportunities in the second half of the year. The task of ensuring input raw materials is prioritized – especially apatite ore for fertilizer plants – with the absolute requirement to prevent any shortages or production disruptions. Concurrently, Vinachem will actively implement its proposed strategic investment projects. Among these, the Potash Rock Mine Exploitation and Processing Project in Laos is a key project that the Group is determined to launch and vigorously promote, considering it crucial for ensuring domestic fertilizer supply and reducing import dependence. Additionally, financial restructuring plans for previously inefficient projects are being urgently implemented, striving to remove these units from the list of weak projects as soon as possible. The Group is also accelerating the restructuring of other member enterprises to streamline their operations and concentrate resources on core business areas.