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DAT PHUONG GROUP JOINT STOCK COMPANY

Active

Business ID 0101218757

84-24 / 37830856

DAT PHUONG GROUP JOINT STOCK COMPANY

Active

Business ID 0101218757

84-24 / 37830856

DAT PHUONG GROUP JOINT STOCK COMPANY

Active

Summary

Name:

DAT PHUONG GROUP JOINT STOCK COMPANY

Business ID (TIN):

0101218757

Date of Registration:

12 Mar 2002

Registered Office:

Ha Noi City Department of Finance

Ticker:

DPG

Address:

15th Floor, Handico Building, Me Tri Ha New Urban Zone, Pham Hung Street, Ha Noi City, Vietnam

Phone:

84-24 / 37830856

Financial Statement:

2020, 2021, 2022, 2023, 2024

Executive Summary

DAT PHUONG GROUP remains a moderate credit risk with recent signs of stabilization and recovery after a difficult 2023. Profitability has improved in 2024 and early 2025, though the company is still recovering from prior capital compression. As a publicly listed company operating in infrastructure, real estate, and energy, DPG benefits from scale and market access — but remains sensitive to sector cycles, liquidity timing, and execution risk.

Business Overview

DAT PHUONG GROUP JSC is a publicly traded enterprise that constructs civil infrastructure, hydroelectric plants, and real estate development. Founded in 2002 and listed on HOSE under the symbol DPG, the company has grown through project execution and property investment. The group employs over 500 people and operates nationwide from Hanoi.

Financial Performance Overview

2023 marked a sharp correction:
- Revenue: ~$121 million (−11% YoY)
- Profit: ~$8.5 million (−60% YoY)
- Total assets and equity dropped ~42% and ~49% respectively
- Working capital weakened to ~$14 million
2024 showed recovery:
- Revenue modestly rebounded
- Net profit rose ~13% YoY
- Margins began to recover, suggesting improved cost management
2025 Year-to-date:
- Q2 profit grew over 30% YoY
- Revenue momentum improved
- The company is on track to meet its aggressive full-year profit plan, with ~26% of the annual earnings target already achieved in Q1 alone

Credit Risk Assessment

Strengths:

Profit rebound in 2024–2025: Profitability is improving after the 2023 dip, indicating more substantial cost control and better margin management.
Public listing: As a listed entity, DPG benefits from transparency, access to capital, and corporate governance.
Sector experience: The company has over 20 years of operating history and demonstrated capacity in executing civil and energy projects.

Concerns:

Balance sheet compression: The sharp reduction in assets and equity in 2023 eroded internal buffers. Updated balance sheet data is still needed to assess whether capital strength has been restored.
Sector exposure: DPG remains vulnerable to delays in public infrastructure spending, property market cycles, and liquidity tightening.
Working capital sensitivity: Despite recent gains, cash flows from operations must remain strong to support ongoing project execution without strain.

Credit Recommendation

Credit posture: Moderate risk — cautiously constructive.

Exposure limit: Maintain a moderate cap, with room to expand pending confirmed FY2024 balance sheet improvements.
Tenor: Short-cycle terms (30–45 days max) are appropriate; avoid long unsecured exposures.
Collateral: For large engagements, consider performance guarantees or project-level assignments.
Monitoring:
- Watch quarterly financials for margin consistency and debt service
- Track progress against the 2025 business plan
- Review the audited FY2024 balance sheet when released in full

Conclusion

DAT PHUONG GROUP has exited a challenging year and shows meaningful operational recovery. Revenue is stabilizing, profits are improving, and 2025 is starting strong. However, given the balance sheet damage in 2023 and inherent sector volatility, any increase in exposure should be disciplined, monitored, and supported by commercial protections. If the positive trend continues through Q3–Q4 2025, a reclassification to lower risk may be warranted.

Legal Profile

English Name:

DAT PHUONG GROUP JOINT STOCK COMPANY

Vietnamese Name:

CONG TY CO PHAN TAP DOAN DAT PHUONG

Short Name:

DAT PHUONG GROUP

Business ID (TIN):

0101218757

Date of Registration:

12 Mar 2002

Registered Office:

Ha Noi City Department of Finance

Ticker:

DPG

Ownership Status:

Publicly held

Operation Status:

Active

Contacts

Key Decision Makers:

+ LUONG M.T

+ TRAN A.T

+ NGUYEN H.H

+ PHAM Q.B

+ DINH G.N

+ NGO D.T

+ HOANG G.C

Address:

15th Floor, Handico Building, Me Tri Ha New Urban Zone, Pham Hung Street, Ha Noi City, Vietnam

Phone:

84-24 / 37830856

Branch:

4th Floor, BSI Tower Building, No. 193-195-197, Nguyen Thi Nhung, Ho Chi Minh City, Vietnam

Business Sector

Key business lines:

VSIC:

4299 Construction of other civil engineering works

Industry Sales Growth

CAGR (2019 - 2023)

2.44%

YoY (2023)

1.50%

Companies by industry

Company distribution and propportions

17,096

0.5880%

Key Industry Players

Top 10 companies in construction of other civil engineering works industry

viet nam construction and import - export joint stock corporation vietnam machinery installation corporation - jsc construction corporation no 1 joint stock company dat phuong group joint stock company hoa binh construction group joint stock company atad steel structure corporation 319 corporation ministry of national defence dai phong joint stock company tu lap contruction company limited zeit c&a vietnam company limited

Payment History

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Financial Performance

Assets	27.65%
Owner’s Equity	-49.22%
Working Capital	-32.82%
Net Worth	-10.98%
Sales	-14.06%
Operating income	-46.02%
EBIT	28.39%
Gross Profit Margin	70.03%
Debt to EBITDA	89.66%

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Opinion from Analysts

Specific Questions About DAT PHUONG GROUP JOINT STOCK COMPANY

When did DAT PHUONG GROUP JSC start operating?

DAT PHUONG GROUP JSC was started in 12 Mar 2002

What industry does DAT PHUONG GROUP JSC operate in?

DAT PHUONG GROUP JSC is operating in "Construction of other civil engineering works" industry

How can I contact DAT PHUONG GROUP JSC?

DAT PHUONG GROUP JSC phone numbers is 84-24 / 37830856

What adverse news is there about DAT PHUONG GROUP JSC?

DAT PHUONG GROUP JSC’s has 2 bad news

What is stock symbol of DAT PHUONG GROUP JSC?

DAT PHUONG GROUP JSC’s stock symbol is DPG

Where is the location of DAT PHUONG GROUP JSC?

DAT PHUONG GROUP JSC is located at 15th Floor, Handico Building, Me Tri Ha New Urban Zone, Pham Hung Street, Ha Noi City, Vietnam

What is DAT PHUONG GROUP JSC’s business registration?

DAT PHUONG GROUP JSC business registration is 0101218757

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DAT PHUONG GROUP JOINT STOCK COMPANY