VINACHEM

On August 5, 2025, in Hanoi, the Vietnam National Chemical Group (VINACHEM) held a working session with the HongYing Financial Investment Group (Shanghai, China). The meeting was held to exchange and seek investment cooperation opportunities in chemicals, new materials, technology development, and green transition.

Attending the meeting on behalf of VINACHEM were Mr. Nguyễn Hữu Tú, Deputy Secretary of the Party Committee and General Director of the Group, along with representatives of specialized departments. The HongYing Capital delegation was led by Mr. Sa Jun Tao, Chairman of the Board of Directors, along with representatives in charge of investment, finance, and project development.

HongYing Financial Investment Group (HongYing Capital), established in 2010, is headquartered in the Shanghai Free Trade Zone with a registered capital of 15 million yuan. It is a qualified private equity fund management company registered with the Asset Management Association of China. HongYing Capital focuses on investing in new energy and new materials, aiming to help close the technology gap in China.

HongYing places special emphasis on attracting advanced foreign technology and talent. The company has established a subsidiary in Japan to gain deeper access to high-tech and quality human resources from Japan and South Korea. HongYing currently has an experienced team of technical consultants and investment decision-makers, providing a solid foundation for long-term investment activities.

At the meeting, VINACHEM provided an overview of its development, production capacity, key business areas, and development strategy for the 2025–2030 period. Special attention was paid to restructuring, green transition, and the application of high technology in production.

HongYing expressed particular interest in the development potential of Vietnam's chemical industry and highly valued the opportunities for cooperation in developing production infrastructure, researching new products, renewable energy, and environmentally friendly solutions.

The two sides had specific discussions on several potential areas of cooperation, including researching the feasibility of a joint venture to produce sodium-ion batteries; developing the value chain for producing high-end fertilizers, basic chemicals, chemicals for semiconductor production, and new materials; cooperating in building modern, environmentally friendly factories; implementing combined heat and power plants in VINACHEM's industrial zones to supply electricity and steam, and to treat wastewater for projects related to energy transition and cleaner production; and many other cooperation opportunities.

Speaking at the meeting, General Director Mr. Nguyễn Hữu Tú emphasized that the entire group is striving to achieve a growth target of 8% in 2025 and maintain double-digit growth in the 2026–2030 period. To achieve this goal, VINACHEM has identified expanding international cooperation, especially in high technology, circular economy, and environmental protection, as a key strategic direction to enhance competitiveness, promote innovation, and achieve sustainable development.

Mr. Nguyễn Hữu Tú highly appreciated and welcomed the specific cooperation proposals from HongYing Group, especially those with breakthrough potential in technology, enhancing the value of the production chain, and investment efficiency. He requested the Group's specialized departments to proactively coordinate, exchange, and clarify cooperation contents. He also asked them to carefully research and evaluate the feasibility of each project to promote the implementation of specific projects in the near future, in the spirit of efficiency, mutual benefit, and in line with the Group's development orientation.

The meeting took place in an open, frank, and constructive atmosphere, demonstrating the determination of both sides to promote substantive, effective, and long-term cooperation.