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
Minutes, Resolution of the Extraordinary General Meeting of Shareholders in 2023 and attached documents
Report on governance in the first 6 months of 2023
Separate financial statements for the second quarter of 2023 and accompanying explanations
Consolidated financial statements for the second quarter of 2023 and accompanying explanations
TDP announces the 15th Change of Business Registration Certificate
TDP announces the organization of an extraordinary General Meeting of Shareholders in 2023
Resolution of the Board of Directors on the selection of auditors for the financial statements in 2023
TDP announces the change of the number of voting shares and reports the results of the issue of dividend-paying shares
Resolution of the Board of Directors on the transfer of shares of shareholders at Thuan Duc Eco Joint Stock Company
DP announces receipt of Ms. Nguyen Kim Anh’s resignation letter from Deputy General Director
In túi vải không dệt: Giải pháp tiện lợi, thân thiện môi trường cho doanh nghiệp
Resolution of the Board of Directors to approve the application for registration of the public bond offering
Resolution of the Board of Directors on the implementation of the plan to issue shares to pay dividends in 2022
TDP Announces the appointment of the position of Deputy General Director of the Company for Mr. Tran Dang Duy
Separate Financial Statements for 2022 and Attached Explanation
Consolidated financial statements for 2022 and accompanying explanations
TDP Announces the date of holding the Annual General Meeting of Shareholders in 2023 and attached documents
TDP announced the resignation of Ms. Nguyen Thi Hong Van’s member of the Supervisory Board
Report on corporate governance in 2022
Separate financial statements for the fourth quarter of 2022 and accompanying explanation
Consolidated financial statements for the fourth quarter of 2022 and accompanying explanations
TDP Announcement of Change of Certificate of Business Registration for the 14th time
TDP publishes information on changes in the number of outstanding voting shares and Report on the results of issuing shares to pay dividends
TDP Announcement of the issue of shares to pay dividends and the last registration date to exercise the right to pay dividends in shares.
Thuan Duc Joint Stock Company Disclosure The 5th change of business registration certificate of Thuan Duc Hung Yen Co., Ltd – Subsidiary.
Supplementing the content of Resolution No. 0510/2022/NQ-HĐQT issued on October 5, 2022 of the Board of Directors of Thuan Duc Joint Stock Company
Thuan Duc Joint Stock Company Disclosure of Business Registration Certificate 4th change of Thuan Duc Hung Yen Co., Ltd – Subsidiary
Consolidated financial statements for the third quarter of 2022 and accompanying explanations
Separate financial statements for the third quarter of 2022 and accompanying explanation
Correction of the BOD’s resolution on the order of issuing shares and repurchasing treasury shares
Resolution of the Board of Directors on the order of issuing shares and buying back treasury shares of TDP
TDP publishes information on maximum foreign ownership ratio
Resolution of the Board of Directors on the increase of contributed capital at Thuan Duc Bim Son Joint Stock Company and Thuan Duc Bim Son Co., Ltd
Resolution of the Board of Directors on adjusting the content of the investment project of the export bag factory invested by Thuan Duc Eco Joint Stock Company
TDP announces the 13th Change of Business Registration Certificate