HAI Agrochem

What HAI Agrochem does

HAI Agrochem (legal name: Công Ty Cổ Phần Nông Dược HAI; ticker: HOSE:HAI) is a Vietnam-based, publicly listed agrochemical manufacturer and agricultural-input distributor headquartered in Ho Chi Minh City. The company was founded in 2007 and operates with 11–50 employees, anchoring a domestic distribution network that covers Vietnam's key farming regions through three regional branches (Bắc Sông Hậu, Nam Sông Hậu, Miền Đông Nam Trung Bộ), a wholly-owned manufacturing subsidiary Hai Long An, and a downstream dealer network.

The company's core offering is a full-stack agricultural inputs portfolio: crop protection products (pesticides, insecticides, fungicides such as AVISO 350SC, Ridozeb 72WP, Manozeb 80WP, and Catcat 250EC), plant growth regulators, fertilizers, crop seeds (including the exclusive distribution of Monsanto's Dekalb DK 9955 corn hybrid), and Vietnam Ministry of Health-licensed mosquito coils (SOGO 500EC, IMPERA 100SC). HAI also operates a Research & Development Institute ("Viện NC & PTSP") and a content library of pest/disease management guides covering 20+ crop types, supporting farmer advisory services.

HAI makes money through one-time product sales via dealer and subsidiary channels, targeting Vietnamese farmers and agricultural producers as its primary segment, with consumer households as a secondary segment for mosquito coils. The 2026 Annual General Meeting approved a 250 billion VND business plan alongside a parallel "breakthrough" target of 268 billion VND, and the company is currently undergoing a comprehensive restructuring of production systems and key personnel (announced June 2026) following a December 2025 change in General Director.

Name

HAI Agrochem

Legal name

CÔNG TY CỔ PHẦN NÔNG DƯỢC HAI

Website

https://congtyhai.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

HAI Agrochem is a Vietnam-listed manufacturer and distributor of agrochemical products — pesticides, fungicides, fertilizers, growth regulators, and seeds — distributing to Vietnamese farmers through regional branches and an exclusive Dekalb (Monsanto) corn-seed partnership.

Ownership category

akta.pro rank

Product category

Crop Protection Agrochemicals

NAICS

Pesticide and Other Agricultural Chemical Manufacturing (32532)

SIC

Agricultural Chemicals (2870)

akta.pro industry

PRIMARYAFABAAAB

Insecticides

Agriculture & Food Production/Agricultural Inputs & Agrochemicals/Crop Protection Chemicals (Herbicides, Insecticides, Fungicides)

SECONDARYAFABAIAF

Aerosol, Fumigant & Specialty Application Formulations (foggers, gases, smoke generators)

Agriculture & Food Production/Agricultural Inputs & Agrochemicals/Agrochemical Formulation & Toll Manufacturing

SECONDARYCRAJAHAA

Household Insecticide Aerosols & Sprays

Consumer Products & Retail/Household Products & Cleaning Supplies/Pest Control & Insecticides

Keywords

• Crop protection products
• Agrochemical manufacturing
• Agricultural fertilizers
• Plant growth stimulants
• Mosquito control products

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Crop Protection Products (Thuốc bảo vệ thực vật): Sale of pesticides and insecticides for agricultural crop protection, including products for rice, durian, coffee, pepper, citrus, and other crops.
2. Fertilizers (Phân bón): Distribution and sale of agricultural fertilizers for various crop types.
3. Plant Seeds (Giống cây trồng): Distribution of crop seeds including Dekalb corn varieties (DK 9955) in partnership with Monsanto.
4. Plant Growth Regulators (Thuốc kích thích sinh trưởng): Sale of plant growth stimulant products for improving crop yields.
5. Mosquito Control Products (Thuốc diệt muỗi): Consumer mosquito coil products (SOGO 500EC, IMPERA 100SC) for household and public health use, licensed by Vietnam Ministry of Health.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

HAI Agrochem manufactures and distributes a comprehensive portfolio of agrochemical products in Vietnam, including plant protection products (pesticides, fungicides, insecticides), plant growth stimulants, fertilizers, and crop seeds. The company also produces Ministry of Health-licensed mosquito coil products (SOGO 500EC, IMPERA 100SC) for household public health use. Products are produced at its Hai Long An manufacturing facility in Long An Province and distributed via regional branches and an agricultural input dealer network across Vietnam.

Product overview

HAI Agrochem (Nông Dược HAI) is a Vietnamese agricultural inputs company offering a comprehensive portfolio of crop protection and agricultural products. The core offering includes plant protection products (pesticides, insecticides, fungicides), plant growth stimulants, fertilizers, crop seeds, and mosquito repellents. The product lineup features specific formulations like AVISO 350SC for rice diseases, Ridozeb 72WP and Manozeb 80WP for durian diseases, and SOGO 500EC/IMPERA 100SC for mosquito control. The company also provides agricultural services and technical consulting for farmers. Products are distributed through a network of branch offices across Vietnam including Bac Song Hu, Nam Song Hu, and Mien Dong Nam Trung Bo regions.

Differentiator

Problem solved

Functional benefit

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Dekalb Vietnam (Monsanto)coreChannel Partner/ Reseller/ DistributorHAI Agrochem is the official distributor of Dekalb corn seed DK 9955 in Vietnam. This partnership provides access to high-quality hybrid corn seeds developed by Monsanto for Vietnamese farmers.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bảo vệ thực vật An Giang (AGI): Mekong-Delta-based Vietnamese agrochemical company producing insecticides, fungicides, and herbicides for rice and aquaculture. Comparable to HAI Agrochem in crop protection formulation, dealer-led distribution, and exposure to Vietnamese smallholder farming.
• Thuốc sát trùng Việt Nam (Vipesco / VGT): Long-established Vietnamese pesticide and household insecticide manufacturer with branded products including mosquito coils. Highly comparable to HAI Agrochem across both the crop-protection and household mosquito-control product lines, and on the same HOSE/UPCOM public market.
• Supe Lâm Thao (LAS): Vietnamese NPK fertilizer and agrochemical manufacturer supplying crop inputs across northern Vietnam. Comparable to HAI Agrochem in fertilizer-and-crop-protection bundling and dealer-channel distribution to Vietnamese farmers.
• Bảo vệ thực vật Sài Gòn (Saigon Plant Protection JSC): Vietnamese listed agrochemical manufacturer and distributor focused on plant protection products and pesticides for rice, vegetables, and industrial crops. Directly comparable to HAI Agrochem in product category, customer base (Vietnamese farmers), and B2B distribution model through dealer networks.
• Phân bón Bình Điền (BFC): Leading Vietnamese fertilizer and agrochemical company with a multi-product portfolio (fertilizers, crop protection, plant nutrition). Comparable to HAI Agrochem on the fertilizers and integrated crop inputs side, serving similar Vietnamese farmer and dealer customers.

Broad incumbents

• FMC Corporation: Global crop protection specialist with insecticide and fungicide portfolios distributed in Southeast Asia. Competes with HAI Agrochem in plant protection chemicals, particularly rice insecticides.
• Corteva Agriscience: Global crop protection and seed company spun out of DowDuPont, competing with HAI Agrochem in insecticides, fungicides, and hybrid seeds in Vietnam and across Asia.
• Syngenta (China National Chemical / Syngenta Group): Global agrochemical and seed major with broad crop protection and seed portfolios including products sold in Vietnam. Overlaps with HAI Agrochem in insecticides, fungicides, and seeds, but at vastly larger scale and broader geographic footprint.
• BASF Agricultural Solutions: Global agricultural chemicals and seed business with a fungicide and insecticide portfolio active across Southeast Asia. Directly competes with HAI Agrochem's crop protection product lines but with much larger R&D and registration capacity.
• Bayer Crop Science: Global crop protection and seed company with deep presence in Vietnamese rice and horticulture markets. Competes with HAI Agrochem in the same crop protection categories but as part of a much wider global portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/nongduochai
• LinkedInlinkedin.com/company/hai-agrochem-joint-stock-company

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 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 HAI Agrochem