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
Thuan Duc is in the Top 500 of Vietnam’s largest private enterprises
Jan
Consolidated Financial Statement Quarter 4 of 2020 and accompanying explanation
Consolidated Financial Statement Quarter 4 of 2020 and accompanying explanation
Decision approving the additional listing of the Ho Chi Minh City Stock Exchange
Dialogue meeting with employees and review of production in 2020
Jan
Securities registration certificate changed for the 3rd time
Meeting to deploy production and business activities of Thuan Duc Group in 2021
Dr. Le Tham Duong trains personnel at Thuan Duc Group
Dec
Thuan Duc Joint Stock Company changed its business license for the 11th time
Strategic symposium 2021 (continued)
Dec
2021 Strategy Symposium
President of Mirae Asset Finance Company visited and worked with Thuan Duc Group
Conference to summarize production and business activities in 2020 and
implementing strategic goals for 2021
Dec
Official letter of the State Securities Commission approving the report on the result of issuing shares to pay TDP’s dividend
General Director of Tin Nghia Company visited and worked with Thuan Duc Group
General Director of Mirae Asset Finance Vietnam visited and worked with Thuan Duc
Nov
Decision on sanctioning of tax-related administrative violations of Hung Yen Provincial Tax Department (corrected document)
Donated VND 80 million to support the construction of houses for poor households in Kim Dong
Nov
TDP discloses the information of issuing shares to pay dividends
Letter of approval for dividend payment of TDP in 2019
Thuan Duc Packaging (TDP) has grown well thanks to the domestic market
Nov
Thuan Duc (TDP) went to the Central to support flooding people
Oct
Thuan Duc donated VND 50 million to the central region to overcome the consequences of floods
Oct
Minutes of the Board’s Resolution on the implementation of the dividend payment method in 2019
Consolidated financial statements of Quarter 3/2020 and accompanying explanation of business results
Consolidated Financial Statement Quarter 3 of 2020 and accompanying explanation of business results
Meaningful gifts for laborers in difficult circumstances during the Covid-19 epidemic season
Oct
Thuan Duc JSC registers the company model and type of financial statements
Thuan Duc (TDP): Investment opportunity in manufacturing stocks in the plastic packaging industry
Oct
HOSE announces listing and first trading date
Meaningful gifts on the occasion of the Mid-Autumn Festival
Sep
Organizing training on safe operation of forklifts for workers
Câu chuyện về logo của Thuận Đức
List of major shareholders of TDP closed to July 31, 2020
Charter of Thuan Duc JSC organization and operation amended in June 2020
VSD dispatch on the transfer of TDP stock exchange from Upcom to HOSE