Top Petrochemical Companies in Vietnam

The petrochemical industry in Vietnam has been experiencing significant growth in recent years, driven by several factors such as government initiatives, a growing economy, and an increasing demand for petrochemical products. In this article, we will explore the key statistics, factors contributing to its growth and success, industry growth and comparison to previous years, key trends, challenges, and the future outlook of the petrochemical industry in Vietnam.

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CONSTRUCTION LAW VIETNAM COUNSELLORS4 +84 24 3936 8072
contact@clvn.vn

Construction Law Vietnam Counsellors (also known as CLVN) is a law firm specialized in project and construction sectors, bringing together dedicated international legal practitioners from Vietnam and common law jurisdictions. In serving our clients, we rely on our decades of practicing experience as legal advisors in highly significant country-changing infrastructure and energy projects in Vietnam and other jurisdictions. Our lawyers have also acquired a proven track record in various sectors including oil and gas (both upstream and midstream), petrochemicals, coal-fired power, gas-fired power, renewable energy, technology and telecommunication, process plant and mining. The firms structure and its specialist practice allow us to provide our clients with internationally first-class legal services in a cost-effective manner.

PHU MY 3 SIP11 +84 254 3936 838
marketing@phumy3sip.com

Phu My 3 Specialized Industrial Park (PM3 SIP) with total area 1046ha, is divided into 3 phases. With a strategic location 2 km from Cai Mep-Thi Vai International Deep-sea Port, combined with modern synchronous international standards infrastructure, Phu My 3 Specialized Industrial Park is an ideal investment base for investors. Attractive industries: all industries that can take advantage of Cai Mep-Thi Vai Deep-sea Port and abundant resources (Electricity, Natural Gas, Water ...) such as heavy industries, chemistry, medical equipment, pharmaceuticals, food, supporting industries, etc. Land handover time: as per investors requirement. Near the supply source of the following raw materials: iron, steel, petrochemical products (PP, PE), etc

THANH THIEN TECHNOLOGY JSC58 +84 28 3512 7072
info@thanhthien.com.vn

Thanh Thien Technology JSC is proudly providing products/ solutions/ services for: (1) Electrical – Control and Instrumentations (2) Analyzers for different applications (i) Environment monitoring (ii) Process control (iii) Process safety (iv) Quality control in oil & gas, chemical, cement, power and general industries At Thanh Thien Technology, we drive sustainably by the balance of 4 stakeholder groups: Customers - Employees –Shareholders - Vendors/ Partners. We invite you to approach us at: Email: info@thanhthien.com.vn Phone: +84 28 3512 7071

CAPE ARMATURE WINDERS (PTY) LTD47 (blank)
info@capearm.co.za

Cape Armature Winders celebrates its 5oth year in the Industry. CAW have built up a reputation as one of the premier service providers of electrical and mechanical repairs to AC and DC motors, alternators, pumps and generators, Transformers, Gearboxes and MV Motors in the Industrial, municipal, parastatal, petrochemical MARINE and Wind Turbine Industry in South Africa, and Sub Sahara. Tracing our roots back to our inception in 1970, Cape Armature Winders is both family owned and operated ensuring not only that we have a deep understanding of every aspect of the business but also that we understand and value our clients business no matter the size of the project. Stress Free.

HAKUTA INDUSTRY EQUIPMENT JSC(blank) +84 91 285 49 93
info@hakuta.com.vn

Hakuta Industry Equipment Join Stock Company is a commercial and industrial services company , specialized business machine tools, welding equipments and metal cutting accessories and consumable parts industries served ship , mechanical industry, automobile industry, steel structure, petrochemical, ... shipbuilding industry, mechanical industry, automobile industry, steel structure, petrochemical, construction ... From the inception, the companys goal is to become a master provider about professional equipment, solutions and welding technology. We are constantly diversifying products, advanced technologies in collaboration with human resource development and professional management to bring to customers perfect service and products, the greatest confidence. Support for Hakuta company to achieve this is the network of international business relationships with many companies in the world and companies which we has established in recent years are Ermaksan Machinery, Akyapak Machinery, S…

STAVIAN TALENT17 (blank)
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Founded in 2009, with the vision to become the leading industrial, multi-national Fortune Global 500 company. Stavian Group is committed to achieving sustainable development, contributing to the national and global community development and demonstrating social and environmental responsibilities. Our product and services such as Chemical & Petrochemicals, Paper, High-Tech Materials, Recycling & Circular Economy, Logistics, Industrial Park Development, Venture Capital, Industrial Metal... Stavian Group extends to over 100 countries and territories, serves more than 14,000 global customers and partners. The group operates through nearly 30 offices and 40++ warehouses globally, with a workforce of nearly 2,000 employees domestically and internationally. In 2022, the group recorded approximately $2 billion in revenue. Prestigious Company ranked Top 22 largest chemical distributors in the world and the Top 6 largest chemical distributors in Asia - the Pacific region (according to ICIS r…

VINAREF REFRACTORY CO.,LTD2 (blank)
info@vinaref.com

Vinaref Refractory Co.,Ltd is one of the leading manufacturer of refractory materials in Vietnam. We combine our expertise in research, product design, and manufacturing of refractory materials with decades of experience in the construction of kilns and furnaces across all industries - cement, lime, metallurgy, foundry, ceramic, thermal electric, oil refineries, waste incineration, glass making. Our team strive to deliver to our customers only the highest quality of products and services, contributing to the efficiency and longevity of their factory and plants.

PBTECHNIC ENGINEERING CO., LTD.1 +84 94 315 94 92
info@pbtechnic.com

PbTechnic Engineering Co., Ltd. is a multidiscipline engineering services firm that employs advanced technology tools to provide high-quality, cost-effective engineering & design services. We offer engineering and design services to EPC and EPCM contractors for a wide range of refineries, petrochemical, chemical, LNG terminal, topside platform, water treatment, and power plant facilities that adhere to international codes and standards. We provide accurate and cost-effective engineering solutions with Detailed Engineering services, 3D CAD Services, 2D CAD services, and Skid Engineering & Design services. Our team members continue working to create solutions that are in-line with the engineering industry standards that help our customers with enhancing competitiveness both regarding costs and delivery schedule and minimizing project risks. By leveraging domain knowledge, technology and our engineering execution procedure, we make sure an effective delivery of the engineering projects.

PVCK GAS28 +84 28 6272 7020
info@pvck.com.vn

Vietnam-Korea Petroleum Industrial Gas Joint Stock Company (PVCK) is established in 2017 as a cooperation of R&D Chemical Limited Company (Korea) and Petroleum General Services Joint Stock Corporation (Petrosetco – Vietnam). We are professional manufacturer of various kind of refrigerant gases in Vietnam made by Korean technology. Our main products are Eco-friendly. Refrigerant Gases such as R32, R125, R134a, R410A, R407C, R404A, R600a, R507, R22PLUS… which high quality and safety for usage as well as saving the environment. The factory is located in Chau Duc Industrial Park, Ba Ria - Vung Tau. With a scale of more than 40,000m2 and equipped with modern systems and equipment meeting ISO standards from Korea. Our staff is highly trained and meets international standards. “High quality and perfect service” is our PVCK commitment

ANMEC CO., LTD3 +84 311 735 769
contact@anmec.vn

As an anti-corrosion tape for metal pipe suppliers, 𝗔𝗻𝗺𝗲𝗰 provides customers with professional and perfect consulting, design, supply, installation & maintenance services. Constantly improving and rising, we gradually grow and steadily bring not only stratification but also trust for our customers in the operation of its business. 𝗢𝘂𝗿 𝗧𝗲𝗮𝗺: Including dynamic young senior staff, engineers, and skilled workers having years of experience in design installation, supervision of large - scale works in Vietnam, and others. Anmec has equipped with modern equipment, facilities, and machines that meet technical, safety, and standard. Besides, Anmec also builds up good relation material/equipment suppliers as a base for proving high – quality products to our clients and competitive price. 𝗢𝘂𝗿 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀: Underground, underwater and aboveground oil, gas, water and petrochemical pipeline transporting the corrosion system, and mechanical protection. 𝗢𝘂𝗿 𝗔𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲: We supply the advanced Technologic…

CHEMICAL INDUSTRY ENGINEERING .,JSC19 +84 24 3823 2325
engineering@ceco.com.vn

The Chemical Industry Engineering J.S.C (CECO),that formerly known as the Chemical Industry Engineering Company and established in 1967. With roughly 50 years of extensive experiences in providing Consultancy service, Engineering service, Procurement - Equipment Fabrication service and Construction service ( including the EPC service) in field of beneficiation of ores, fertilizer projects, petrochemical projects, waste water treatment, food products, plastics, rubber, paints and detergent, pharmaceuticals, etc…

QH PLUS CORPORATION89 +84 832 000 666
qhps@qhplus.com

QH Plus Corporation provides a wide range of products and services to the customer in construction industry, such as: - Manufacturing steel structures. - Manufacturing welded mesh & Reinforcing steel processing center. - Manufacturing construction accessories - Trading steel coil & plate - Trading finishing materials & processing solid surface center Our Steel Structure Company is equipped with state-of-the-art machinery such as Ficep; Gemini; Davi; Corimpex…and managed by a real time production monitoring system in accordance with international management system EN 1090-1:2009 + A1:2011; ISO 3804-2:2006; ISO 9001:2015; ISO 45001:2018. Other companies are also applied ISO 9001 and ISO 45001 in their manufacturing procedure. Besides domestic market, QH Plus Corporation is also expanding our global network such as: Japan, Korea, USA, Europe, Australia, South East Asia. Our typical project are: Vinhomes Landmark 81 – One Central – Seashell Aquarium Phu Quoc - Vinfast Automobile manufac…

INSTITUTE OF APPLIED MATERIALS SCIENCE18 +84 28 3891 9992
vanthu@iams.vast.vn

FUNCTIONS AND TASKS Basic researches ranging in the fields of nanotechnology, biomedical materials, inorganic, organic, catalytic and photochemical materials, petroleum additive materials, fuels, friendly environmental materials and treatments, aromas and substances with biological activities. Research, develop and apply different new technologies to produce bioactive substances, biofuels, materials and equipment for environmental treatment, absorbent materials and catalysts for oil processing and petrochemical, oil and gas additive materials, aromatherapy, bio-chemical preparations for agriculture. Manufacturing, testing production and applying research products for production and applications. Science &Technology Services: Consulting, commenting, evaluating and building economic and technical feasibility studies, materials science and technological projects and programs; Designing, manufacturing equipment and transferring technology; Material properties analysis and verification; Tra…

FORMATUBE (PTY) LTD2 +84 829 408 815
sales@formatube.co.za

Born out of our passion and experience, we guarantee the best quality forming, bending and cutting of stainless steel, aluminium and other grades of tube, pipe and plate products. We deliver products to exact specifications for a variety of industry leaders, including manufacturers in the automotive, marine, aerospace, agriculture, food processing, construction industries. With precision, we offer for both tube and plate products, fibre laser cutting, guillotining, bending, rolling, welding and pre-fabrication services. We are ISO 9001:2015 (TUV) certified and Level 4 B-BBEE. Formatube / Seascape Stainless Steel Services Group.

VIETNAM GLOCOATING ENGINEERING JSC (VGCE)13 +84 254 3626 629
admin@gce.com.vn

VGCE are pleased to announce to our Clients that VGCE are now a DNV-GL certified company in respect of their MANAGEMENT SYSTEM Standard ISO 9001. Our achievement is aimed to provide our Clients within all Industries a HIGH QUALITY STANDARD - EFFICIENT and SAFE Services that they have come to expect from VGCE over the past 10 years regarding to the application of CORROCOAT coating products and our in-depth knowledge regarding to Anti-Corrosion Technology and Solutions. VGCE was established in Vung Tau Vietnam in 2002 as a “Representative office”. Subsequently being granted an Operating License in April 2007. Established in Malaysia and Brunei in 1993 GCE and VGCE now provide services throughout South East Asia and beyond, providing comprehensive NDT inspections, steel replacement, coating application and repair maintenance solutions, based on the application of a range of high technology coatings and composites. VGCE head office in Vung Tau houses our HSE, Material, Accounting, Enginee…

ZAMIL STEEL BUILDINGS VIETNAM CO., LTD211 +84 24 3837 8522
zsv.marketing@zamilsteel.com

Zamil Steel Vietnam is the premier steel structures supplier in ASEAN region & Bangladesh with 100% investment from Saudi Arabia. Zamil Steel group of companies, a subsidiary of Zamil Industrial Investment Company, was established in 1977. Zamil Steel is a global leader in the manufacture of pre-engineered steel buildings and the Middle Easts premier supplier of structural steel products and process equipment, transmission and telecommunications towers, open web steel joists, and roof& floor steel decks. In 1993, the company set up a representative office in Ho Chi Minh City, Vietnam and began exporting steel buildings to the South East Asia region. Four years later, in 1997, witnessing the robust growth potential of South East Asia, Zamil Steel took early initiatives to build our first plant in the Noi Bai Industrial Zone, Hanoi. With total production capacity of 120,000 MT of steel buildings per year and 2 state-of-the-art factories in the North and South of Vietnam, to date,…

NGOC HA GROUP58 +84 98 226 81 81
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Ngoc Ha Trading & Services JSC. was founded in 2000 in Hanoi and set to become a top-tier distributor that connects manufacturers and consumers in an efficient, effective and professional manner. Having operated under the motto “Good quality – Good price – Good service” for 20 years, Ngoc Ha currently possesses a stockpile of 12,000 different products, ready to be delivered to customers by a fleet of more than 80 trucks stationed at our 30 country-wide branches. Providing all-in-one procurement solution, Ngoc Has products fall into 6 categories including: Stationery & Office supplies, Office machines, Office furniture, Factory supplies & materials, Safety equipment and Consumer goods. We are proud to be the “convenience store” of nearly 10,000 companies and firms in Vietnam.

PLC CONSTRUCTION MACHINERY JSC5 +84 97 252 16 93
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PLC Corp is known as one of the primary professional lifting companies in Vietnam which has the heavy lifting equipment inventory and sufficient experience in the field of heavy lifting, including large scale installation projects and providing heavy and oversized load transporting. With over 12 years of building and developing PLC reputation in the market, PLC continues to demonstrate its potential for growth to reach higher levels of performance and has participated in the majority of Vietnams large scale projects in the fields of infrastructure development, refinery plant and petrochemical plant construction, renewable wind energy installation projects onshore and nearshore, including mining activities. In addition, PLC is also participating and developing a more deep strategy which supports the Life Cycle of each wind turbine and adds value to the renewable energy sector, by providing Operation and Maintenance and repair services for wind farm owner assets, establishing a strong …

AMECC56 +84 225 3902 889
business@amecc.com.vn

AMECC specializes on: - Fabrication, installation, repair, maintenance, EPC contractor of industrial projects (thermal power, hydropower, wind power, petrochemical, chemical, cement, steel plants..) civil works, transportation of roadways, waterway and airways; - Hot dip galvanized products; - Trading of metal materials, spare parts for industrial plants. Amecc has been popularly recognized by both domestic and international customers as a contractor with prestige and owns high qualified manpower on: Fabrication of steel structure and equipment such as steel stacks, air ducts, head exchange pipes with the productivity of 30,000 tons/year and 300,000 ID of process pipes and fabricated products of Amecc have been sold in almost continents. Installation of entire thermal power plants with capacity of 300 MW, installation of the entire boilers with capacity up to 600 MW. EPC contractor of entire medium and small projects, utilities for big projects. Maintenance of boilers, turbines, gen…

BAO NGHI TECHNIQUES SERVICE TRADING COMPANY13 +84 28 2253 0699
info@baonghi.com.vn

BNTSC. Best product-Best solution With 13 years of experience, Bao Nghi has extensive expertise in the field of system integrator, expertise that we use to create integrated control safety system. As a SI of several manufacture, we support our customers in all phases of the project development – from the initial idea to aftersales, from the field device to control system. We can build, upgrading, extension, migration control system from few simple I/Os to complex thousands I/Os on process requirement. Beside that safety issue is one of our priority to put system working in safety condition. We are partners for machine makers, package builders and make their working lives as easy as possible. Fully thought-through industry solutions allow our customers to focus on their core competences and to extend their own competitive advantages. BNTSC is a small-sized, family-owned business. Our headquarters are in District 3, HCM, Viet Nam. We have 45 employees work in marketing, sales, techni…

Top Petrochemical Companies in Vietnam

Key Statistics from 2022 including GDP and Employment

In 2022, Vietnam's GDP reached $350 billion, with a growth rate of 6.8%. The petrochemical industry is a crucial component of the country's industrial sector, contributing to the country's overall GDP. The industry employs over 20,000 people and is expected to continue to grow in the coming years.

Factors Contributing to its Growth and Success Including Government Initiatives

One of the primary factors contributing to the growth and success of the petrochemical industry in Vietnam is government support. The government has recognized the importance of the industry and has implemented several initiatives to encourage its growth. For example, the government has provided funding for the development of petrochemical plants and the training of skilled workers.

Another factor contributing to the success of the industry is the increasing demand for petrochemical products among the public. Vietnam has a growing economy with a rising demand for products such as plastics, fertilizers, and synthetic materials. As a result, there is increasing demand for petrochemical products.

Industry Growth and Comparison to the Previous Years

The petrochemical industry in Vietnam has experienced significant growth in recent years. In 2020, the industry's revenue reached $20 billion, a 10% increase from the previous year. The industry's growth has been driven by an increase in demand for petrochemical products, particularly in areas such as plastics and synthetic materials.

Key Trends Including Technological Disruptions

Technological disruptions are driving significant changes in the petrochemical industry in Vietnam. One of the most significant disruptions is the adoption of digital technologies, which is transforming the way petrochemical products are produced, distributed, and consumed. The use of digital technologies such as automation and artificial intelligence is expected to increase the efficiency and productivity of the industry.

Another key trend in the petrochemical industry in Vietnam is the increasing focus on sustainability. The industry is under increasing pressure to reduce its environmental impact and adopt more sustainable practices. This trend is expected to drive the growth of the industry, as companies increasingly focus on developing more sustainable petrochemical products.

Challenges

While the petrochemical industry in Vietnam has experienced significant growth, there are also several challenges that it faces. One of the main challenges is the lack of infrastructure. Vietnam has relatively weak infrastructure, which has limited the country's ability to develop and transport petrochemical products.

Another challenge is the increasing competition from other countries. Vietnam is facing increasing competition from other countries such as China and South Korea, which have more established petrochemical industries and a lower cost of production.

Future Outlook

The future outlook for the petrochemical industry in Vietnam is positive. The industry is expected to continue to grow, driven by government support, increasing demand for petrochemical products, and the adoption of digital technologies. The shift towards sustainability is also expected to drive the industry's growth, as companies increasingly focus on developing more sustainable petrochemical products.

To ensure the industry's sustainable growth, the government and industry players need to address the challenges facing the industry. The government can play a role in developing infrastructure and policies to encourage sustainability. Petrochemical companies can also invest in the development of more sustainable petrochemical products to meet the growing demand for sustainable materials.

Moreover, the petrochemical industry in Vietnam can also benefit from innovations in sustainable practices. For instance, the development of bioplastics, which are made from renewable sources such as plant materials, can significantly reduce the environmental impact of petrochemical products. The adoption of such practices can also enhance the industry's reputation and competitiveness in the global market.

Furthermore, the COVID-19 pandemic has highlighted the importance of the petrochemical industry in Vietnam. The pandemic has led to an increase in demand for personal protective equipment (PPE) and medical supplies, which has further increased the importance of the industry. The experience gained in dealing with the pandemic can also be applied to other challenges facing the industry, such as the need for greater sustainability.

Conclusion

In conclusion, the petrochemical industry in Vietnam is an essential component of the country's industrial sector, contributing to the country's overall GDP. The industry has experienced significant growth in recent years, driven by government support, increasing demand for petrochemical products, and the adoption of digital technologies. The future outlook for the industry is positive, with the shift towards sustainability and the adoption of new technologies expected to further drive its growth. However, challenges such as the lack of infrastructure and increasing competition need to be addressed to ensure the industry's sustainable growth in the long term. With the right policies, investments, and innovations, the petrochemical industry in Vietnam has the potential to become a significant player in the global market while promoting sustainable practices and economic growth.

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By Melissa Goh
Published on 31 May 2023