Company news

On the occasion of the Lunar New Year of Bính Ngọ 2026, on February 5, 2026, a working delegation of the Vietnam National Chemical Group (VINACHEM), led by Mr. Phùng Quang Hiệp – Member of the Government Party Committee Executive Board, Secretary of the Party Committee, and Chairman of the Members’ Council of the Group – visited, held a working session, encouraged, extended New Year greetings, and presented gifts to workers of DAP – VINACHEM Joint Stock Company.

Accompanying the delegation were Mr. Nguyễn Văn Quý – Standing Deputy Secretary of the Group’s Party Committee; Mr. Nguyễn Huy Thông – Chairman of the Vietnam Chemical Industry Trade Union; and representatives from the Group Office and the Communications & Development Department.

Reporting to the delegation, Mr. Vũ Văn Bằng – Party Secretary and General Director of the Company – stated that from the beginning of the year, the Company had proactively developed production and business scenarios aligned with market developments. Product consumption showed positive progress, with output and sales volume gradually increasing, creating favorable conditions for production organization to serve market demand before, during, and after Tet.

Specifically, in January 2026, the Company produced approximately 27,000 tons; by February, inventory had basically been cleared. Production is expected to be maintained at around 28,000 tons, slightly exceeding the planned target. Although the domestic market still faces difficulties due to low agricultural commodity prices, export activities have shown encouraging signs, contributing to production stability and product consumption.

In terms of business efficiency, despite rising input material costs, the Company still achieved positive results. On that basis, it continues to promote exports, limit inventory, strengthen market risk control, and optimize production costs.

Alongside production and business tasks, the Company has paid special attention to employee welfare. In 2025, salaries were fully settled before Tet; Lunar New Year bonuses were increased from VND 10 million to VND 12 million per employee. Workers received 13th and 14th month salaries, with average income in 2025 reaching about VND 25.2 million per person per month. Total average income during the Tet period exceeded VND 60 million per person – the highest level ever recorded.

During the Lunar New Year holiday, the Company maintained stable production, arranged sufficient shift personnel, ensured safety, and took good care of accommodation, meals, travel, and living conditions for workers. New Year production launching activities were carefully prepared, ready to resume full production momentum from the first days of the year.

Regarding development investment, the Company is coordinating with partners and foreign experts to implement technical items, conduct trials, and prepare for project construction immediately after Tet. At the same time, environmental projects, waste treatment, and chemical recovery following a circular economy model and emission reduction orientation continue to be promoted, contributing to improved economic efficiency and environmental protection.

Speaking at the visit, working session, and New Year gathering, Mr. Phùng Quang Hiệp – Secretary of the Party Committee and Chairman of the Members’ Council of the Vietnam National Chemical Group – stated that for many years, Group leadership has consistently organized delegations to directly visit and extend Tet greetings to member units during the traditional Lunar New Year. This reflects not only timely encouragement but also appreciation for units and employees contributing to the Group’s overall development.

The Chairman of the Group's Members' Council emphasized that in 2025, DAP – VINACHEM JSC was one of the Group’s outstanding units, achieving profits of nearly VND 800 billion. This was a highly commendable result amid strong global economic fluctuations and fertilizer industry challenges, including raw material pressures, weather impacts, natural disasters, and especially difficulties related to apatite ore supply and quality. However, through proactiveness, flexibility, and close coordination within the Group, the Company effectively managed raw materials, markets, and product distribution, thereby maintaining stable production and high efficiency.

The Chairman of the Group's Members' Council highly appreciated the spirit of solidarity and resource sharing among Group units, as well as the Company’s initiative in diversifying raw material sources, flexibly managing production, ensuring uninterrupted operations, and avoiding disruptions. Additionally, the Company has gradually improved working and living conditions for employees and implemented projects along value-chain and circular economy directions to enhance sustainability.

Entering 2026, although many challenges are forecast, the Chairman expressed confidence that, with the foundation built in 2025 and a spirit of unity, proactiveness, and high determination, DAP – VINACHEM JSC will continue to successfully fulfill its assigned production and business targets.

On the occasion of the Bính Ngọ Lunar New Year 2026, on behalf of VINACHEM leadership, the Chairman of the Group's Members' Council acknowledged and highly commended the outstanding efforts and results of the Company’s management, staff, and workers in 2025, while extending wishes for health, happiness, peace, and prosperity to all employees and their families.

On behalf of the Company’s leadership and workforce, Mr. Nguyễn Tuấn Dũng – Chairman of the Board of Directors – expressed sincere thanks for the close attention and direction from VINACHEM leadership. He affirmed that in 2026 the Company will closely follow the Group’s assigned targets, continue implementing comprehensive solutions to enhance production and business efficiency, control costs, and manage market risks, while promoting technology investment, environmental protection, and sustainable development, contributing to the Group’s overall growth.