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DONG VIET NON-FERROUS METAL AND PLASTIC JOINT STOCK COMPANY

Active

Business ID 0309174756

84-28 / 3825 3124

DONG VIET NON-FERROUS METAL AND PLASTIC JOINT STOCK COMPANY

Active

Business ID 0309174756

84-28 / 3825 3124

DONG VIET NON-FERROUS METAL AND PLASTIC JOINT STOCK COMPANY

Active

Summary

Name:

DONG VIET NON-FERROUS METAL AND PLASTIC JOINT STOCK COMPANY

Business ID (TIN):

0309174756

Date of Registration:

08 Jul 2009

Registered Office:

Ho Chi Minh City Department of Finance

Address:

No. 64, Ta Hien Street, Cat Lai Ward, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3825 3124

Financial Statement:

2020, 2021, 2022, 2023, 2024

From a credit risk management perspective, DONG VIET NON-FERROUS METAL AND PLASTIC JOINT STOCK COMPANY (commonly referred to as DOVINA JSC) represents a high-risk commercial profile, despite its manufacturing scale and long-standing presence in Vietnam’s industrial sector. Established on July 8, 2009, the company is registered as a joint stock company with substantial foreign direct investment (FDI). It focuses primarily on the production of non-ferrous metals and plastics used in copper and aluminum wiring, resins, and components for the electrical manufacturing industry.

The company operates from its headquarters in Thu Duc City, Ho Chi Minh City, and maintains a major production plant in Long An Province. With approximately 1,000 employees, it maintains a large operational footprint. DOVINA JSC is led by Mr. Pugasab K., a Thai national, who holds the position of General Director, while Mr. Hon Q. T., a Vietnamese national, serves as Chief Accountant. Shareholding is dominated by PD Cable (SG) Pte. Ltd. of Singapore, which holds a 99.99% stake, with two Thai-based entities—Stark Corporation Public Company Limited and Phelps Dodge International (Thailand) Limited—holding nominal shares.

However, the company’s financial position has deteriorated significantly. As of the end of 2024, DOVINA reported total assets of USD 171.07 million, but its owner’s equity has plunged into negative territory at USD -21.72 million. The company has recorded net losses for three consecutive years, with a loss of USD -11.86 million in 2024, following USD -11.02 million in 2023, and USD -19.38 million in 2022. Revenues have collapsed from USD 450.2 million in 2022 to just USD 50.4 million in 2024, representing a near 90% drop in top-line performance over two years. This downward trajectory has led to a severe erosion in net worth, which now stands at USD -24.77 million, and a negative working capital of USD -29.08 million, indicating serious short-term liquidity issues.

Given the combination of sustained losses, deteriorating equity, declining sales, and negative working capital, DOVINA JSC poses a significant credit risk. Despite being backed by a large Singaporean shareholder, the current financial structure leaves little assurance for unsecured credit transactions. Any extension of credit to this company should be highly restricted, ideally requiring full prepayment, collateralization, or third-party guarantees. From a risk management standpoint, the situation demands continuous financial monitoring, with a strong preference for risk mitigation mechanisms in any future commercial engagements.

Legal Profile

English Name:

DONG VIET NON-FERROUS METAL AND PLASTIC JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN KIM LOẠI MÀU VÀ NHỰA ĐỒNG VIỆT

Short Name:

DOVINA JSC

Business ID (TIN):

0309174756

Date of Registration:

08 Jul 2009

Registered Office:

Ho Chi Minh City Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ KAOPRAKARN T

+ TRINH Q.H

Address:

No. 64, Ta Hien Street, Cat Lai Ward, Ho Chi Minh City, Vietnam

Phone:

84-28 / 3825 3124

Factory Address:

Road No. 1, Thinh Phat Industrial Park, Tinh Lo 830 Street, Hamlet 3, Thanh Loi Commune, Tay Ninh Province, Vietnam

Business Sector

Key business lines:

VSIC:

2420 Manufacture of precious and non-ferrous metals

NACE:

24.4 Manufacture of basic precious and other non-ferrous metals

NAICS:

3314 Nonferrous Metal (except Aluminum) Production and Processing

Industry Sales Growth

CAGR (2019 - 2023)

6.69%

YoY (2023)

-22.10%

Companies by industry

Company distribution and propportions

621

0.0214%

Key Industry Players

Top 10 companies in manufacture of precious and non-ferrous metals industry

vinacomin - minerals holding corporation dong viet non-ferrous metal and plastic joint stock company thye ming (vietnam) industrial co., ltd toan phat copper tube joint stock company thanglong metallurgy company limited ngoc thien limited company masan tungsten limited liability company chien thang industrial company limited lao cai-vimico copper metallurgy- branch of vinacomin - minerals holding corporation jintian copper industrial (vietnam) company limited

Payment History

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Financial Performance

Assets	-33.69%
Owner’s Equity	80.16%
Working Capital	-11.12%
Net Worth	-48.82%
Sales	15.34%
Operating income	92.97%
EBIT	-30.62%
Gross Profit Margin	82.99%
Debt to EBITDA	-7.98%

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Negative Payment Records

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Litigation Records; Negative News

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Opinion from Analysts

Specific Questions About DONG VIET NON-FERROUS METAL AND PLASTIC JOINT STOCK COMPANY

When did DONG VIET NON-FERROUS METAL AND PLASTIC JSC start operating?

DONG VIET NON-FERROUS METAL AND PLASTIC JSC was started in 08 Jul 2009

What industry does DONG VIET NON-FERROUS METAL AND PLASTIC JSC operate in?

DONG VIET NON-FERROUS METAL AND PLASTIC JSC is operating in "Manufacture of precious and non-ferrous metals" industry

How can I contact DONG VIET NON-FERROUS METAL AND PLASTIC JSC?

DONG VIET NON-FERROUS METAL AND PLASTIC JSC phone numbers is 84-28 / 3825 3124

What adverse news is there about DONG VIET NON-FERROUS METAL AND PLASTIC JSC?

DONG VIET NON-FERROUS METAL AND PLASTIC JSC’s has 3 bad news

What is stock symbol of DONG VIET NON-FERROUS METAL AND PLASTIC JSC?

DONG VIET NON-FERROUS METAL AND PLASTIC JSC is not listed company

Where is the location of DONG VIET NON-FERROUS METAL AND PLASTIC JSC?

DONG VIET NON-FERROUS METAL AND PLASTIC JSC is located at No. 64, Ta Hien Street, Cat Lai Ward, Ho Chi Minh City, Vietnam

What is DONG VIET NON-FERROUS METAL AND PLASTIC JSC’s business registration?

DONG VIET NON-FERROUS METAL AND PLASTIC JSC business registration is 0309174756

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