Dominant Players in the Vietnam Ammonia Market | Top Companies & Insights 2026

Vietnam Ammonia Market Overview

According to 6Wresearch, the Vietnam Ammonia market is growing at a steady pace, which is primarily credited to the country's rising status as an industrial powerhouse in Southeast Asia. The electronics and metal-processing industry is driving the demand for high-purity ammonia, while the energy industry is developing ammonia as a hydrogen carrier and a potential fuel to be co-fired in power generation. Ammonia is one of the key chemicals in Vietnam, mainly used as a raw material to produce Urea, NPK and DAP fertilizers. It is also an important precursor in the manufacture of explosives, nitric acid and industrial cleaning agents.

Competitive Landscape

The Vietnam Ammonia Industry is a competitive market, led by subsidiaries of the Vietnam National Chemical Group (Vinachem) and PetroVietnam (PVN), and emerging private industrial gas providers. To consolidate their position in the market, leading players are using their domestic production capacities and forming strategic partnerships with global technology providers to develop green hydrogen and ammonia projects.

Below is a list of leading players operating in the Vietnam Ammonia Market:

1. PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo)

PVFCCo is the dominant market leader, operating the largest ammonia plant in Vietnam, supplying ammonia in the Southern region.

2. Ha Bac Nitrogenous Fertilizer and Chemicals Joint Stock Company (HANICHEMCO)

Ha Bac Fertilizer is a pioneer in the industry, specializing in the gasification of coal to produce ammonia and urea.

3. Ninh Binh Nitrogenous Fertilizer Ltd. (Ninh Binh Urea)

Ninh Binh Urea operates a large-scale coal-to-ammonia facility and is a significant contributor to the national liquid ammonia supply for industrial and agricultural use.

4. PetroVietnam Ca Mau Fertilizer Joint Stock Company (PVCFC)

PVCFC utilizes advanced European technology to produce ammonia as a vital intermediate for its high-quality urea and specialized fertilizer products.

5. DAP-Vinachem Joint Stock Company

DAP-Vinachem is a major consumer and distributor of ammonia, utilizing it as a key raw material for the production of Diammonium Phosphate (DAP) fertilizers.

6. Vietnam National Chemical Group (Vinachem)

Vinachem is the state-owned conglomerate that oversees several major ammonia producers and ensures the strategic distribution of chemical feedstocks across the country.

7. Vietnam Gas Corporation (PV GAS)

PV GAS manages the gas infrastructure essential for ammonia production and is increasingly involved in the logistics and storage of liquefied gases, including ammonia carriers.

8. Sovigaz (Vietnam Industrial Gas JSC)

Sovigaz is a leading supplier of industrial gases, providing various grades of ammonia for refrigeration, water treatment, and specialized industrial applications.

9. South Basic Chemicals Joint Stock Company (SBC)

SBC is a key player in the inorganic chemical sector, utilizing ammonia derivatives to produce high-demand chemicals for the domestic manufacturing industry.

10. Linde Vietnam

Linde Vietnam provides high-purity ammonia and specialty gas solutions tailored to the stringent requirements of the growing semiconductor and electronics sectors.