According to Nguyen Huu Tu, Chief Executive Officer of the Viet Nam National Chemical Group (Vinachem), rare earth elements have become strategically important resources amid the intensifying global technology race. They are indispensable inputs for a wide range of high-tech industries, including semiconductor manufacturing, energy storage batteries, electric vehicles, renewable energy, electronic devices, high-performance magnets and the defence industry.
Leveraging its strengths in the chemical industry, extensive experience in mineral processing, and strong scientific and technological research capabilities, Vinachem is well positioned to participate in key segments of the rare earth value chain, particularly in developing chemicals for rare earth extraction and refining, as well as rare earth materials serving high-tech manufacturing, new energy, electronics and semiconductor industries.
“Mastering advanced rare earth processing technologies will help maximise the value of Viet Nam's domestic mineral resources while strengthening enterprises' self-reliance in strategic materials—an increasingly decisive factor in the industrial competitiveness of every nation. In fact, Vinachem possesses significant advantages for participating in the semiconductor industry value chain through the development of electronic chemicals, advanced materials, high-purity industrial gases and manufacturing support solutions,” Tu emphasised.
According to Nguyen Huu Tu, Viet Nam remains heavily dependent on imported electronic chemicals, while demand is expected to increase significantly alongside the continued expansion of the electronics industry and the growing wave of semiconductor investment in the country. This presents an opportunity for domestic enterprises to gradually integrate more deeply into high-value, technology-intensive supply chains.
For Vinachem, the initial priority is to build internationally accredited analytical capabilities and develop key electronic chemicals, including electronic-grade sulfuric acid, hydrochloric acid and phosphoric acid, while progressively establishing a domestic semiconductor chemical supply chain. At the same time, the Group aims to rapidly commercialise research outcomes, transforming them into marketable products that generate revenue, profits and greater value added across the supply chain.
In parallel with scientific research, technological development and innovation, Vinachem and its member companies have continued implementing measures to boost production and business performance while proactively responding to adverse market conditions.
According to Vu Viet Tien, Chief Executive Officer of DAP No.2 – Vinachem Joint Stock Company, the company produced more than 140,000 tonnes of DAP products in the first six months of the year, equivalent to 56% of its annual production target. Industrial output was valued at approximately 2.53 trillion VND, reaching 66% of the yearly plan, while estimated net revenue totalled 2.706 VND trillion, equivalent to 70% of the annual target. Profit exceeded 146 billion VND during the period.
During the first six months of the year, the company also exported nearly 20,500 tonnes of DAP fertiliser, generating 16.83 million USD in export revenue. To achieve its full-year targets, it will continue implementing technological and equipment upgrades to stabilise production, improve product quality and reduce material consumption. The company will also strengthen workforce training to enhance operators' technical skills while encouraging innovation and initiatives to optimise production processes.
At the same time, it will closely monitor market price movements and supply-demand trends to better manage production costs and formulate appropriate pricing and sales strategies. The company also aims to consolidate its domestic market share, expand exports and intensify efforts to attract new customers and develop additional markets.
In addition, the Group is expected to continue supporting and directing Viet Nam Apatite One Member Limited Liability Company to prioritise ore supplies for the company's production, helping it fulfil its business plan and implement its investment loan restructuring scheme. It has also called on the Government and relevant ministries and agencies to assist in resolving issues related to project finalisation and the implementation of its gypsum recycling project.
According to Nguyen Huu Tu, Chief Executive Officer of Vinachem, despite encouraging results in the first half of the year, further efforts will be required to achieve the Group's 2026 targets of 65.4 trillion VND in industrial production value, 71.4 trillion VND in revenue and more than 3 trillion VND in profit. In particular, member companies should continue closely monitoring market developments, improve forecasting capabilities, strengthen coordination across the Group and proactively develop contingency plans for potential market fluctuations.
At the same time, they should implement integrated solutions covering corporate governance, production and sales, maximise synergies across Vinachem's value chain, seize market opportunities and maintain strict risk management to ensure stable operations, enhance product value, strengthen competitiveness and reinforce the Group's position in global supply chains.
