Vietnam imported chemical products to the tune of US$715 million in January, down from US$809 million in December, a change of -11.61 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$715 million worth of chemical products by the end of January.
China accounted for US$329 million worth of Vietnam’s chemical products imports in January. This was down from US$354 million in chemical products imports in December, a change of 6.91 percent. Year to date, China has shipped US$329 million worth of chemical products to Vietnam.
After China was South Korea making up US$73 million worth of Vietnam’s chemical products imports in January. This was down from US$88 million in chemical products imports in December, a change of 16.97 percent. Year to date, South Korea has shipped US$73 million worth of chemical products to Vietnam.
Next was Taiwan contributing US$48 million worth of Vietnam’s chemical products imports in January. This was up from US$43 million in chemical products imports in December, a change of 9.95 percent. Year to date, Taiwan has shipped US$48 million worth of chemical products to Vietnam.
Following Taiwan was Japan representing US$46 million worth of Vietnam’s chemical products imports in January. This was down from US$62 million in chemical products imports in December, a change of 24.91 percent. Year to date, Japan has shipped US$46 million worth of chemical products to Vietnam.
Rounding out the top five was the USA constituting US$36 million worth of Vietnam’s chemical products imports in January. This was down from US$47 million in chemical products imports in December, a change of 22.76 percent. Year to date, the USA has shipped US$36 million worth of chemical products to Vietnam.
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Vietnam chemical product exports
Vietnam exported chemical products to the tune of US$242 million in January, down from US$297 million in December, a change of -18.57 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$242 million worth of chemical products by the end of January.
China accounted for US$46 million worth of Vietnam’s chemical products exports in January. This was down from US$58 million in chemical products exports in December, a change of -21.02 percent. Year to date, Vietnam has shipped US$46 million worth of chemical products to China.
After China was South Korea making up US$29 million worth of Vietnam’s chemical products exports in January. This was down from US$29 million in chemical products exports in December, a change of -0.30 percent. Year to date, Vietnam has shipped US$29 million worth of chemical products to South Korea.
Next was the USA taking US$20 million worth of Vietnam’s chemical products exports in January. This was up from US$16 million in chemical products exports in December, a change of 25.04 percent. Year to date, Vietnam has shipped US$20 million worth of chemical products to the USA.
Following the USA was Cambodia, representing US$15 million worth of Vietnam’s chemical products exports in January. This was down from US$17 million in chemical products exports in December, a change of -14.09 percent. Year to date, Vietnam has shipped US$15 million worth of chemical products to Cambodia.
Rounding out the top five was Japan, constituting US$13 million worth of Vietnam’s chemical products exports in January. This was down from US$13 million in chemical products exports in December, a change of -1.31 percent. Year to date, Vietnam has shipped US$13 million worth of chemical products to Japan.
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Listed chemical products companies
Key chemical products firms listed on the Vietnam stock exchange include:
Binh Son Refining and Petrochemical JSC
Binh Son Refining and Petrochemical JSC (BSR) operates the Dung Quat Refinery and engages in refining crude oil and producing petroleum products.
BSR closed at VND 31,200 on Friday, up 1.2 percent with 181,888,000 shares traded, worth VND 567,093 million.
Foreign ownership in BSR is currently capped at 79.1 percent, with current foreign ownership sitting at 3.6 percent.
South Basic Chemicals JSC (CSV)
South Basic Chemicals Joint Stock Company (CSV) manufactures and supplies basic inorganic and chlorine-soda chemicals from its production bases in southern Vietnam.
CSV closed at VND 31,650 on Friday, up 1.3 percent with 17,537,000 shares traded, worth VND 54,617 million.
Foreign ownership in CSV is currently capped at 50.0 percent, with current foreign ownership sitting at 1.4 percent.
Duc Giang Chemicals Group JSC
Duc Giang Chemicals Group JSC (DGC) manufactures and exports industrial chemicals, phosphorus, and fertilisers across Asia and Europe.
DGC closed at VND 73,800 on Friday, up 0.2 percent with 33,934,000 shares traded, worth VND 248,780 million.
Foreign ownership in DGC is currently capped at 49.0 percent, with current foreign ownership sitting at 8.1 percent.
PetroVietnam Fertilizer and Chemicals Corporation
PetroVietnam Fertilizer and Chemicals Corporation (DPM) produces urea and chemical fertilisers under the Phu My brand.
DPM closed at VND 27,600 on Friday, up 1.1 percent with 189,377,000 shares traded, worth VND 516,786 million.
Foreign ownership in DPM is currently capped at 50.0 percent, with current foreign ownership sitting at 5.6 percent.
Petrolimex International Trading JSC
Petrolimex International Trading JSC (PIT) imports, exports, and trades petroleum, chemicals, and industrial materials.
PIT closed at VND 7,300 on Friday, down 0 percent with 4,000 shares traded, worth VND 3 million.
Foreign ownership in PIT is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
PetroVietnam Transportation JSC
PetroVietnam Transportation JSC (PVT) operates a fleet transporting crude oil, petroleum, and chemicals across Vietnam and internationally.
PVT closed at VND 24,050 on Friday, up 1.55 percent with 219,858,000 shares traded, worth VND 524,059 million.
Foreign ownership in PVT is currently capped at 49.0 percent, with current foreign ownership sitting at 10.9 percent.
Southern Fertilizer JSC
Southern Fertilizer JSC (SFG) manufactures and trades fertilisers, chemicals, and agricultural materials.
SFG closed at VND 10,550 on Friday, up 0.1 percent with 56,000 shares traded, worth VND 59 million.
Foreign ownership in SFG is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
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Vietnam’s chemical products industry
Vietnam’s chemical products industry spans fertilisers, basic petrochemicals, plastics, rubber inputs, industrial gases and a growing range of specialty chemicals serving manufacturing and agriculture.
The sector is anchored by large state-linked groups such as the Vietnam National Chemical Group, alongside foreign-invested producers supplying export-oriented factories.
Domestic demand is driven by construction, agriculture, electronics and textiles, while refining and petrochemical complexes like Nghi Son Refinery and Petrochemical support feedstock supply.
However, producers face structural challenges including reliance on imported inputs, environmental compliance pressures and exposure to global commodity price volatility.
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The data
Vietnam imports of chemical products in January, US$m
| January | December | MoM | YTD | |
| Total | 714.80 | 808.69 | -11.61% | 714.80 |
| Other | 7.71 | 11.68 | -33.96% | 7.71 |
| China | 329.39 | 353.86 | -6.91% | 329.39 |
| South Korea | 72.76 | 87.63 | -16.97% | 72.76 |
| Taiwan | 47.82 | 43.49 | 9.95% | 47.82 |
| Japan | 46.45 | 61.86 | -24.91% | 46.45 |
| USA | 36.31 | 47.01 | -22.76% | 36.31 |
| Thailand | 33.17 | 40.66 | -18.42% | 33.17 |
| Malaysia | 20.52 | 24.67 | -16.85% | 20.52 |
| Germany | 20.06 | 24.14 | -16.91% | 20.06 |
| Indonesia | 16.62 | 20.53 | -19.05% | 16.62 |
| Singapore | 15.58 | 16.59 | -6.09% | 15.58 |
| India | 14.01 | 15.86 | -11.67% | 14.01 |
| Italy | 8.33 | 8.37 | -0.47% | 8.33 |
| Switzerland | 8.24 | 2.24 | 267.83% | 8.24 |
| France | 6.82 | 7.26 | -5.98% | 6.82 |
| Spain | 5.14 | 6.92 | -25.77% | 5.14 |
| Netherlands | 4.05 | 3.27 | 24.15% | 4.05 |
| UK | 3.59 | 6.00 | -40.10% | 3.59 |
| Australia | 3.40 | 2.80 | 21.59% | 3.40 |
| Denmark | 2.01 | 2.36 | -14.78% | 2.01 |
| Canada | 1.91 | 2.32 | -17.66% | 1.91 |
| Belgium | 1.79 | 2.03 | -11.90% | 1.79 |
| Finland | 1.73 | 2.00 | -13.61% | 1.73 |
| Poland | 1.42 | 1.73 | -18.06% | 1.42 |
| Ireland | 1.21 | 3.20 | -62.09% | 1.21 |
| Turkey | 1.16 | 1.29 | -10.53% | 1.16 |
| Sweden | 0.85 | 6.24 | -86.31% | 0.85 |
| Hong Kong | 0.78 | 0.41 | 89.41% | 0.78 |
| South Africa | 0.54 | 0.57 | -6.37% | 0.54 |
| Norway | 0.48 | 0.41 | 17.71% | 0.48 |
| New Zealand | 0.31 | 0.02 | 1292.11% | 0.31 |
| Philippines | 0.26 | 0.29 | -8.13% | 0.26 |
| Qatar | 0.15 | 0.18 | -18.80% | 0.15 |
| Russia | 0.13 | 0.56 | -77.01% | 0.13 |
| Lithuania | 0.05 | 0.24 | -78.13% | 0.05 |
| Saudi Arabia | 0.04 | 0.00 | 0.00% | 0.04 |
Vietnam exports of chemical products in January, US$m
| January | December | MoM | YTD | |
| Total | 242.21 | 297.44 | -18.57% | 242.21 |
| Other | 45.00 | 68.40 | -34.22% | 45.00 |
| China | 46.07 | 58.32 | -21.02% | 46.07 |
| South Korea | 28.56 | 28.64 | -0.30% | 28.56 |
| USA | 19.50 | 15.60 | 25.04% | 19.50 |
| Cambodia | 14.59 | 16.99 | -14.09% | 14.59 |
| Japan | 12.92 | 13.09 | -1.31% | 12.92 |
| Indonesia | 12.49 | 23.76 | -47.43% | 12.49 |
| Thailand | 12.16 | 12.64 | -3.78% | 12.16 |
| India | 10.07 | 14.13 | -28.72% | 10.07 |
| Malaysia | 8.75 | 9.82 | -10.92% | 8.75 |
| Philippines | 6.64 | 8.31 | -20.15% | 6.64 |
| Taiwan | 4.05 | 4.11 | -1.31% | 4.05 |
| Bangladesh | 3.85 | 3.41 | 12.85% | 3.85 |
| Australia | 3.25 | 3.24 | 0.24% | 3.25 |
| Singapore | 2.51 | 3.20 | -21.48% | 2.51 |
| Saudi Arabia | 2.35 | 1.90 | 23.33% | 2.35 |
| Germany | 1.77 | 1.66 | 6.92% | 1.77 |
| Kenya | 1.68 | 2.53 | -33.73% | 1.68 |
| Hong Kong | 1.10 | 1.99 | -44.54% | 1.10 |
| Sri Lanka | 1.07 | 1.27 | -15.86% | 1.07 |
| Netherlands | 1.05 | 0.81 | 30.17% | 1.05 |
| Pakistan | 0.95 | 0.74 | 27.93% | 0.95 |
| Myanmar | 0.70 | 0.87 | -20.01% | 0.70 |
| Laos | 0.44 | 0.68 | -34.81% | 0.44 |
| South Africa | 0.43 | 0.87 | -51.08% | 0.43 |
| Algeria | 0.14 | 0.18 | -23.06% | 0.14 |
| Kazakhstan | 0.11 | 0.26 | -56.10% | 0.11 |