Deputy Prime Minister Truong Vinh Trong stresses the need to develop Vinachem

Hanoi (VNA) – Deputy Prime Minister Truong Vinh Trong has stressed the need to
develop the Vietnam National Chemical Group (Vinachem) into a strong conglomerate in
the region.

Addressing a ceremony, where Vinachem made its debut in Hanoi on Jan. 20,
Deputy PM Trong requested it, the 10 th State-owned economic group, to review its
development strategy and attract chemical production businesses’ participation
in the group.

Vinachem should play a key role in fertiliser and chemicals production and
business and it should pay attention to human resource training, he said, adding
that the group should give advice to the State in development policies and
strategies.

He took the occasion to highlight Vinachem’s contributions to ensuring the
nation’s food security.

Vinachem Chairman Nguyen Quoc Tuan confirmed the group’s pledge to develop the
petrochemical and pharmaceutical chemistry industry by efficiently using natural
resources to serve the national economy.

Vinachem, which was reorganised from the Vietnam Chemical Corporation, now
operates as a holding company with 28 affiliates and 16 join venture companies.


With a charter capital of 8 trillion VND, Vinachem specialises in manufacturing
fertiliser and pesticide, chemical, petrochemical and pharmaceutical chemistry
industry, mining and rubber processing industry and financing.-Enditem