Thuan Duc Joint Stock Company (TDP) is one of the leading companies in the field of producing environmentally friendly polypropylene (PP plastic) packaging products in Vietnam with a rapidly growing revenue and profit margin. In recent years.
Leading production scale in plastic packaging industry in Vietnam
Established in 2007, Thuan Duc Joint Stock Company is currently a leading company in the field of PP packaging production in Vietnam, with 3 main product lines for domestic and international markets. They are: supermarket bags (shopping bags), packaging for the processing industry of animal feed, fertilizer, sugarcane … (B2B) and packaging for agricultural products, corn, cassava, tea, pepper … (B2C).
The scale of the system of Thuan Duc Group currently includes 6 factories, 2 branches in Thanh Hoa and Long An provinces, representative offices located in Hanoi. On August 6, 2020, Thuan Duc held a groundbreaking ceremony for the second export bag factory project with an area of 2.7 hectares in the Thuan Duc factory complex in Kim Dong Industrial Park, Hung Yen. . This factory project is in the product value chain of Thuan Duc with the output being high quality export supermarket bags.

In 2019, Thuan Duc has implemented 2 projects in Thanh Hoa province, of which 1 factory in Trieu Son, Thanh Hoa on an area of 5.7 hectares to produce recycled PP plastic resins and textile packaging, 1 for capacity more than 600 tons / month.
In addition, Thuan Duc is also investing in another factory on an area of 3.3 hectares at the branch of TDP in Bim Son Industrial Park, Thanh Hoa with environmentally friendly PP packaging products, with careful content. high technique.
The continuous expansion of production scale has helped TDP become one of the leading enterprises in the field of PP packaging in Vietnam, with the current charter capital of VND 480 billion, asset scale of 1,717. VND billion by the end of June 2020, higher than many packaging companies on the stock exchange such as Tan Phu Plastic (TPP), Vinh Packaging Plastic (VBC), Tan Tien Plastic (TTP), and Saigon Plastic (SPP) ) …
TOP 5/500 fastest growing enterprises in Vietnam in 2020
In the ranking of 500 fastest growing enterprises in Vietnam in 2020 (FAST500 – implemented by Vietnam Report Joint Stock Company – Vietnam Report) on May 20, 2020, Thuan Duc ranked 5th in the table. this rating.

By the end of 2019, TDP reached VND 1,196.7 billion in revenue and VND 61.9 billion in profit after tax, up 60.3% in revenue and 71.4% in profit compared to 2018, completing 109 respectively. % revenue target and 124% profit target that the General Assembly of Shareholders has set out. TDP’s ROA and ROE are 4.9% and 14.35%, respectively, up from 4.7% and 12.6% in 2018. These results are equivalent, even higher than some enterprises in the same plastic industry in general or in the plastic packaging segment in particular.
In just 3 years, from 2016 to 2019, the revenue scale of TDP has increased 4.1 times while the profit scale is 6.7 times. The compound growth rate is 59.6% in revenue and 88.7% in profit.
In the first half of this year, despite many business difficulties due to the Covid-19 epidemic affecting the global value chain of production and supply, Thuan Duc still recorded VND 602.2 billion in revenue and 28. , Profit after tax of VND 5 billion, up 23.2% and 56% respectively compared to the first 6 months of 2019.
Notably, during the period, gross profit margin of TDP reached 17.1%, up 3.9 percentage points over the same period last year. Another positive point recorded in the first half of this year financial picture is that the company’s cash flow has a surplus of 42.3 billion dong, higher than the recorded profit.
Bright growth outlook
In recent years, plastic is one of the industries with the highest growth rate in Vietnam with an average of 16% -18% / year. According to the Vietnam Plastics Association (VPA), in the structure of the plastic industry, packaging plastic accounts for the largest proportion (37.43%) with the growth engine contributing significantly from exports.
The use of recycled materials to create environmentally friendly products is increasingly popular in markets and has become a popular consumer trend, helping TDP’s business have more room for growth.
The signing of the free trade agreement between Vietnam and the EU (EVFTA) is also good news to help improve the competitive advantage of plastic enterprises exporting to this market. In an updated analysis of Securities Bank for Investment and Development of Vietnam (BSC), with EVFTA, import duties on Vietnam plastic packaging products to the EU will be reduced from 3% to 0% while China’s tax rate is currently 6.2%.
In the context of a huge market demand assessment, in addition to increasing the operational efficiency of existing factories, Thuan Duc continues to expand production scale to utilize available resources by 2 projects. in Hung Yen and Thanh Hoa.
Project of manufacturing supermarket bags for export in Hung Yen with a total investment of 1,206 billion VND, is expected to bring revenue of 2,300-2,500 billion VND per year. Thai Yen packaging factory project in Thanh Hoa with total investment of 650 billion VND, is expected to bring in revenue of 1,200 billion VND per year.

To meet the capital needs for the plan to continue to expand production and business, at the Annual General Meeting of Shareholders held at the end of June 2020, TDP has approved a new capital increase plan, including annual dividends. 2019 by stock at the rate of 12% and issue of bonds privately or to the public.
Depending on the market conditions and the capital needs of the Company, the Board of Directors will actively seek partners, negotiate and implement a plan to maximize benefits for TDP and shareholders. The listing of TDP shares on the City Stock Exchange. Ho Chi Minh City (HOSE) in October will play an important role in enhancing the reputation and position as well as enhancing the transparency and trustworthiness of TDP in the eyes of investors.
(Quote: Tinnhanhchungkhoan.vn)
TIN NỔI BẬT
TDP announced the resignation of Mr. Tran Van Huynh as a member of the Board of Directors
Resolution and minutes of the Board of Directors meeting on the organization of the Extraordinary General Meeting of Shareholders in 2022
Resolution and minutes of the Board of Directors meeting on the dismissal of the chief financial officer
TDP announces that Thuan Duc Technology Development Co., Ltd is no longer a subsidiary of TDP
Resolution and minutes of the Board of Directors meeting on contributing capital to the project of a factory producing bags and bags for export
Resolution and minutes of the Board of Directors meeting on the purchase of 02 trading floors for TDP’s office
Thuan Duc Joint Stock Company Disclosure of Business Registration Certificate of the 4th change of Thuan Duc Eco Joint Stock Company – associate company
Resolution and minutes of the Board of Directors meeting on the implementation of the plan to issue shares to pay dividends in 2021
Thuan Duc Joint Stock Company discloses the Resolution of the Annual General Meeting of Shareholders in 2022 and attached documents
Consolidated financial statements for the first quarter of 2022 and accompanying explanations
Báo cáo tài chính hợp nhất quý I năm 2022 và Giải trình kèm theo
Thuan Duc Joint Stock Company announces the change of Person in charge of corporate governance
Thuan Duc Joint Stock Company discloses information about resignation of a member of the Board of Directors
Documents to elect additional members of the Board of Directors and Supervisory Board for the 2020-2025 term at the 2022 Annual General Meeting of Shareholders
Thuan Duc Joint Stock Company discloses information about resignation of members of the Board of Directors and members of the Supervisory Board
Thuan Duc Joint Stock Company Disclosure of Annual Report 2021
Thuan Duc Joint Stock Company announces the consolidated financial statements for 2021
Thuan Duc Joint Stock Company announces its own financial statements for 2021
Notice on the organization of the General Meeting of Shareholders in 2022 of Thuan Duc Joint Stock Company and attached documents
Thuan Duc Joint Stock Company announces the change of the first business registration certificate of Thuan Duc Bim Son Joint Stock Company
Notice on the final registration date to close the list of shareholders attending the 2022 Annual General Meeting of Shareholders and BB-NQ on the organization of the 2022 Annual General Meeting of Shareholders
Separate financial statements for the fourth quarter of 2021 and accompanying explanations
Separate financial statements for the fourth quarter of 2021 and accompanying explanations
Resolution and minutes of the Board of Directors meeting on the dismissal and appointment of a replacement for the position of General Director of TDP
TDP announces the 3rd Change of Business Registration Certificate of Thuan Duc Eco Joint Stock Company
TDP announced information on appointing a legal entity to represent the joint venture to invest in a project to produce packaging and supermarket bags for export.
TDP announced the results of exercising the right to buy shares for existing shareholders of Thuan Duc Eco Joint Stock Company
TDP announces information on the issuance of shares to existing shareholders of Thuan Duc Eco Joint Stock Company of which Thuan Duc Joint Stock Company is a shareholder
TDP announces information on Business Registration Certificate of Thuan Duc Bim Son Joint Stock Company
TDP announces the establishment of the Internal Audit Committee and appoints a person in charge of internal audit
TDP announced information on capital contribution to establish Thuan Duc Bim Son Joint Stock Company
Consolidated financial statements for 2021 and accompanying explanations
Separate financial statements for the third quarter of 2021 and accompanying explanations
TDP publishes information on the Resolution and minutes of the Board of Directors meeting appointing the person in charge of corporate governance
TDP announces information on the results of private placement of bonds in the domestic market
TDP Announces information on private placement of bonds in the domestic market