DONGHAI JOINT STOCK COMPANY OF BENTRE

DONGHAI JOINT STOCK COMPANY OF BENTRE (CÔNG TY CỔ PHẦN ĐÔNG HẢI BẾN TRE) has grown from a regional manufacturer into one of Vietnam’s leading producers of pulp, paper, and paperboard products. Established on 2 April 2003, the company operates from Lot AIII, Giao Long Industrial Park, An Phuoc Commune, Chau Thanh District, Ben Tre Province, with a publicly listed presence on the HOSE stock exchange under the ticker DHC. Its manufacturing portfolio includes kraft paper, corrugated containers, and other packaging products that serve both domestic and export markets.

The company is chaired by Luong V. T., who also serves as Vice General Director, with Le B. P. as General Director and Ho T. S. N. as Vice General Director. With a workforce of over 727 employees, DONGHAI has expanded its operations through strategic investment in production capacity and modern technology to meet the rising demand for sustainable packaging materials.

Financially, DONGHAI JOINT STOCK COMPANY OF BENTRE presents a mixed performance profile. In 2024, total assets climbed to USD 133.3 million, an 11.31% increase, while equity rose by 8.16% to USD 82.29 million, reflecting strong asset growth. However, sales at USD 147.76 million remain below 2022 levels despite a 10.36% recovery compared to 2023. Most notably, profit dropped sharply by 21.7% to USD 9.95 million, which indicates margin compression in a highly competitive paper manufacturing sector. A working capital of USD 39.03 million suggests a relatively healthy liquidity position, though declining profitability is a concern for future returns.

The shareholder structure is diverse, with KWE Beteiligungen AG holding 15.08%, alongside key Vietnamese shareholders like Le B. P. (9.34%) and Nguyen T. T. (7.44%). This mix of international and local investors highlights the company’s strategic vision to expand both within and beyond Vietnam.

DONGHAI faces both opportunities and challenges in an industry increasingly shaped by global shifts toward recyclable and eco-friendly materials. Its recent decline in profitability underscores the need for operational efficiency, cost optimization, and product diversification. A thorough understanding of the company’s financial stability and market positioning is essential for investors, partners, and suppliers. Vanguard Business Information LLC (VBI) provides comprehensive company verification, credit risk analysis, and industry insights to help stakeholders evaluate opportunities and risks associated with DONGHAI JOINT STOCK COMPANY OF BENTRE.