DAP - VINACHEM JOINT STOCK COMPANY

DAP - VINACHEM JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN DAP - VINACHEM) is one of Vietnam’s key fertilizer producers, particularly in the manufacturing of diammonium phosphate (DAP) and nitrogen compounds. Established on 29 July 2008, the company operates under Business ID 0200827051 and is strategically headquartered at Lot N5.8, Dinh Vu Industrial Park, Dinh Vu Economic Zone, Cat Hai, Dong Hai 2 Ward, Hai An District, Hai Phong City, Vietnam, with a representative office in Ho Chi Minh City. Listed on the UpCOM stock exchange under the ticker DDV, the company plays a vital role in ensuring agricultural productivity for both domestic and regional markets.

The company’s leadership team is spearheaded by Nguyen T. D. as Chairman, alongside Vu V. B., General Director, and Le N. N., Deputy General Director. With a workforce of 660 employees and a charter capital of USD 60.03 million, DAP - VINACHEM JOINT STOCK COMPANY operates as part of Vietnam National Chemical Group (VINACHEM), a state-owned conglomerate that holds 64% of the company’s shares. This strong state ownership provides a stable foundation and access to resources, positioning the company as a reliable player in Vietnam’s agricultural supply chain.

Financially, the company showed mixed results over the past three years. In 2024, total assets rose to USD 91.91 million, a 16.17% increase from 2023, while equity improved by 4.39% to USD 73 million. Sales climbed to USD 138.25 million, a modest 5.79% growth, and profit rebounded sharply by 144.05% to USD 6.92 million, reflecting improved operational performance after a difficult 2023 marked by declining demand and high input costs. The working capital of USD 53.76 million provides a solid liquidity position, which is crucial in the fertilizer industry where price volatility and raw material imports can significantly impact operations.

The fertilizer market in Vietnam is currently undergoing shifts due to global price fluctuations, changing trade policies, and increased competition from both domestic and foreign players. DAP - VINACHEM JOINT STOCK COMPANY is strategically positioned to capitalize on these changes by leveraging its state-backed operations, modern production facilities, and strong distribution channels. However, the industry’s reliance on imported raw materials and the ongoing push for more eco-friendly products remain long-term challenges.

For stakeholders, suppliers, and investors, evaluating the financial health and operational stability of DAP - VINACHEM JOINT STOCK COMPANY is essential before entering any strategic partnership. Vanguard Business Information LLC (VBI) offers detailed business verification and risk management services, providing comprehensive insights into the financial performance, ownership structure, and market risks of leading enterprises like DAP - VINACHEM. With VBI’s reports, businesses can confidently assess opportunities and minimize potential risks in the fertilizer and chemical sectors.