Vnchemora to Build $274mn Chemicals Complex in Central Vietnam

Vietnam's Gia Lai Economic Zone Authority has issued an investment registration certificate for a chemicals manufacturing complex worth nearly VND7 trillion ($274 million), the authority's deputy head Nguyen Thanh Nguyen said on Tuesday. The license hands Vnchemora, headquartered in Quy Nhon Nam Ward, a 70-year operational term running from the date of certificate issuance.

The numbers are sizable for central Vietnam's industrial base. The complex is designed to produce 100,000 metric tons of caustic soda per year, alongside 150,000 metric tons of chlorine-based products and 100,000 metric tons each of vinyl chloride monomer and polyvinyl chloride. That capacity profile puts it among the region's larger basic-chemicals projects.

What will the complex produce?

The industrial chemicals and green consumer products manufacturing complex will specialize in basic chemicals, Nguyen said. The product slate includes:

• Caustic soda — 100,000 metric tons annually
• Chlorine-based products — 150,000 metric tons annually
• Vinyl chloride monomer — 100,000 metric tons annually
• Polyvinyl chloride — 100,000 metric tons annually
• Sodium hypochlorite, ferric chloride, hydrochloric acid and polyaluminium chloride

The site spans more than 41 hectares at Phu My Industrial Park in Phu My Dong Commune. Total investment capital of nearly VND7 trillion will be deployed across three phases.

When does construction start?

The timeline is already fixed. Work on the first-phase factory begins in late 2026, with operations expected to commence in December 2028. Phase-two construction starts in May 2029. Phase three follows in December 2030.

For chemical shippers and forwarders watching Vietnam's central coast, that means new inbound demand for industrial equipment and project cargo from late 2026, and a new domestic source of chlor-alkali and PVC output from the end of 2028. Caustic soda, hydrochloric acid and related products currently move in significant volumes to support Vietnam's manufacturing and water-treatment sectors, and localized production at this scale could redirect supply chains that today rely on imports or on production concentrated elsewhere in the country.

The license carries conditions. The investor must comply with all relevant regulations governing construction, land use, environmental protection, labor, business registration and other applicable legal requirements — standard obligations, but ones that will shape the pace of each phase.

Gia Lai also greenlights fertilizer plant

The chemicals complex was not the only license issued on Tuesday. The same day, the Gia Lai Economic Zone Authority granted an investment registration certificate for a VND980 billion ($38 million) fertilizer manufacturing project at the same park.

The Gemora Green Fertilizer and Agricultural Chemicals Plant will be developed by Gemora Global. It will occupy 18.4 hectares at Phu My Industrial Park. Construction of the first phase is expected to begin in December — a faster start than its larger neighbor, which gives the park two parallel industrial builds within months of each other.

What does this mean for the corridor?

Two licensed projects, more than 59 combined hectares and roughly VND8 trillion in committed capital put Phu My Industrial Park firmly on the map for project-cargo planners and industrial real estate watchers in central Vietnam. The December start on the fertilizer plant arrives first; the chemicals complex follows in late 2026.

Once the Vnchemora complex reaches its designed capacity — 450,000 metric tons per year across its four headline product lines — central Vietnam will hold a materially larger share of the country's basic-chemicals output, with phase-three completion scheduled for the early 2030s.