Vietnam Pesticide Company

What Vietnam Pesticide Company does

Vietnam Pesticide Company (VIPESCO, HOSE: VPS) is a Vietnamese public pharmaceutical and agrochemical company founded in 1976 and headquartered in Ho Chi Minh City. The company manufactures plant protection drugs (pesticides), fertilizers, and nitrogen compounds, serving Vietnam's agricultural sector through both upstream crop-input producers and downstream farming customers via traditional agrochemical distribution channels. It is one of the long-established domestic producers in the Vietnamese plant-protection market, operating as a publicly listed entity with a 49-year operating history and a relatively small disclosed headcount of 11–50 employees, suggesting either a lean operating model, a workforce range that may understate scale, or a reliance on outsourced manufacturing and distribution capacity.

The company's product portfolio centers on three related categories: plant protection chemicals, fertilizer products, and nitrogen compounds — all serving the agricultural input value chain. The underlying business model is straightforward industrial manufacturing and sale of agrochemical inputs, with revenue mechanics driven by volume of products sold into Vietnam's farming and plantation segments. No go-to-motion, pricing model, or channel detail is disclosed in the available data; the company website returned only a loading/verification screen rather than substantive content. Similarly, no proprietary technology, AI capability, or differentiated product platform is documented — the company appears to operate as a traditional chemicals manufacturer rather than an agritech innovator.

Financially, VIPESCO reported 2025 revenue of approximately 24.1 trillion VND (~$960M USD at prevailing rates), up about 6.8% year-over-year from 2024. However, profitability compressed meaningfully across the period: gross profit, EBITDA, operating income, and net income all declined despite revenue growth, indicating input-cost pressure or unfavorable mix shift. Enterprise value stood at approximately 6.6 trillion VND (~$265M USD) at the 2025 reporting date. The combination of modest revenue growth, margin compression, and an EV below annual revenue suggests a balance sheet with substantial net cash or other non-operating assets, but the data does not allow definitive decomposition. Strategic direction, ownership structure, partnerships, and management composition are not disclosed in the input, materially limiting the depth of this assessment.

Name

Vietnam Pesticide Company

Website

https://vipesco.com.vn

Company type

Private

Founded year

1976

Headcount range

11–50 employees

Short description

VIPESCO (HOSE: VPS) is a Vietnamese public agrochemical company, founded in 1976 and headquartered in Ho Chi Minh City, that manufactures plant protection drugs, fertilizers, and nitrogen compounds for Vietnam's agricultural sector.

Ownership category

akta.pro rank

Product category

Agrochemicals and Crop Protection

NAICS

Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing (3253)

SIC

Agricultural Chemicals (2870)

akta.pro primary industry

Crop Protection Chemicals (Herbicides/Insecticides/Fungicides) (IMAEAEAI)

Keywords

• Plant protection products
• Agrochemical manufacturing
• Fertilizer production
• Nitrogen compounds
• Crop protection chemicals

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Core offering

VIPESCO manufactures and sells plant protection drugs (pesticides), fertilizers, and nitrogen compounds for the agricultural sector. The company produces these chemical inputs to support crop cultivation and protection, primarily serving Vietnam's farming and agribusiness customers. Its product portfolio is centered on agrochemical manufacturing rather than on digital or service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Plant protection drugs (pesticides) Pharmaceutical and chemical pesticides manufactured for crop protection against pests, diseases, and weeds, sold to agricultural producers and distributors in Vietnam.
• Fertilizers Manufactured fertilizer products for agricultural application, providing nutrient support to crops for Vietnamese farming operations.
• Nitrogen compounds Manufactured nitrogen compounds used as chemical inputs in agriculture and related industrial applications, produced by VIPESCO as part of its specialty chemicals operations.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Broad incumbents

• Sumitomo Chemical: Japanese diversified chemical and crop protection company with established Asian footprint; comparable as a broad incumbent in the same chemistry categories.
• UPL Limited: Indian-headquartered global agrochemical major with strong presence in Southeast Asia; overlaps with VIPESCO in crop protection chemistry and formulation.
• Corteva Agriscience: Major multinational with crop protection seed-and-input portfolio that competes across the same herbicide/insecticide/fungicide categories VIPESCO manufactures.
• China National Chemical Corporation (ChemChina / Syngenta Group): Global agrochemical heavyweight through Syngenta; primary source of competitive pricing pressure on Southeast Asian formulators like VIPESCO in off-patent active ingredients.
• ADAMA Ltd. Global leader in off-patent crop protection; competes with VIPESCO on the same active ingredients in Vietnam and other Asian markets, particularly in generics.
• FMC Corporation: Global crop protection company with portfolio overlap in insecticides and herbicides, including active distribution in Southeast Asian rice and row-crop markets.

Regional players

• Vinh Hoan Corporation: Vietnamese agri-inputs and aquaculture adjacent player; comparable as a Vietnam-based, publicly listed agricultural inputs supplier serving similar export-crop dynamics.

Direct peers

• Bình Điền Fertilizer Joint Stock Company: One of Vietnam's largest fertilizer producers, overlapping with VIPESCO in plant nutrition and serving the same Vietnamese farming customer base through similar agro-dealer channels.
• Lam Thao Fertilizers and Chemicals: Vietnamese state-affiliated producer of fertilizers and crop protection chemicals; directly comparable product portfolio and distribution overlap with VIPESCO.

Emerging players

• PI Industries: Indian agrochemical company with growing Asian distribution; competes with mid-sized regional players like VIPESCO in formulation and contract manufacturing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/vipesco.official
• LinkedInlinkedin.com/company/vietnam-pesticide-joint-stock-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vietnam Pesticide Company