State-run Vietnamese chemical group Vinachem has signed a series of cooperation agreements with French educational institutions and industry associations as the company seeks to accelerate its green transition, technological upgrading, and international expansion.
According to Vinachem’s announcement, the working visit to France led by CEO Nguyen Huu Tu early this month produced agreements on human resource development, technology transfer, research collaboration, and market development.
The partnerships are expected to strengthen the group’s competitiveness and support its transition toward sustainable and low-carbon growth.
Representatives of Vinachem, Vietnam’s Academy of Public Administration and Governance (APAG) and Governance, and France’s EM Normandie Business School sign an MoU on trilateral cooperation in July 2026. Photo courtesy of Vinachem.
A key highlight of the trip was the launch of a training program titled “Leadership and Innovation in the Era of Green Growth” for Vinachem’s management team. The program was organized in cooperation with Vietnam’s Academy of Public Administration and Governance (APAG) and Governance and France’s EM Normandie Business School.
The course focuses on modern governance, innovation, digital transformation, green transition, and sustainable development.
As part of the program, Vinachem signed a 2026-2030 memorandum of understanding with APAG and EM Normandie, covering collaboration in training, research, management consulting, expert exchanges, and the development of high-quality human resources.
One of the most significant outcomes of the visit was the expansion of partnerships with leading French chemical industry organizations.
During meetings with the Normandy regional chemical association France Chimie Normandie and French cosmetics industry cluster Cosmetic Valley, the parties discussed cooperation in research and development, technology transfer, workforce training, supply chain integration, and investment promotion.
Potential areas of collaboration include biochemicals, chemical recycling, electrolysis, battery technologies, carbon dioxide utilization, digital transformation, and cosmetics.
Vinachem signed a memorandum of understanding with France Chimie Normandie and a letter of intent with Cosmetic Valley, laying the groundwork for future cooperation projects.
The Vietnamese business mission also held discussions with French energy major TotalEnergies on energy transition and sustainable industrial development.
The two sides exchanged views on green hydrogen, green ammonia, energy management, carbon emissions reduction, and the application of digital technologies in industrial operations.
CEO Nguyen Huu Tu said green transformation has become an unavoidable requirement for industrial companies seeking to improve competitiveness and deepen participation in global value chains.
“Green transition is no longer an option but a necessity for industrial enterprises if they want to strengthen their competitiveness and integrate further into global value chains,” Tu stressed.
He added that Vinachem aims to maintain regular exchanges with TotalEnergies to explore cooperation opportunities aligned with the group’s long-term green development strategy.
In 2025, Vinachem posted record earnings of VND60.65 trillion ($2.31 billion), up 12.7% year-on-year. Its pre-tax profit surged 55.3% to VND4.6 trillion ($175.02 million).