DUC GIANG LAO CAI CHEMICALS LIMITED COMPANY (Công Ty TNHH Một Thành Viên Hóa Chất Đức Giang Lào Cai) is one of Vietnam’s largest and most profitable industrial chemical manufacturers. Operating under Business ID 5300299830, the company is a wholly owned subsidiary of Duc Giang Chemicals Group Joint Stock Company and has been active since 2009. Based in the Tang Loong Industrial Park of Lao Cai Province, DLC specializes in the production and trading of basic chemicals, including phosphate and fertilizer compounds essential for agriculture and heavy industry.

Directed by Mr. Phạm Văn Hùng and supported by a senior management team including Mr. Đặng Tiến Đức and Mr. Hồ Mạnh Linh, the company employs approximately 1,700 workers and operates with a charter capital of over USD 40 million. Its dominant market presence and vertical integration—from chemical production to mining and material processing—have allowed it to scale operations aggressively over the past decade.

The company’s financial data in recent years reflects a complex but revealing trajectory. In 2023, DLC reported assets of USD 361.5 million and equity of USD 306.4 million, indicating a strong capital base and internal financing capability. With profit reaching nearly USD 120 million, the company remains one of the most profitable players in the industry. However, the numbers also show early warning signs: while total assets and equity increased by 17% and 16% respectively, revenue dropped sharply by over 28% compared to the previous year, and profit fell by a striking 44.5%.

This decline, though coming after an explosive financial peak in 2022, suggests that the company is entering a period of market correction or facing external pressures—possibly due to global commodity price fluctuations, reduced export demand, or environmental and regulatory scrutiny on chemical manufacturing. From a risk management perspective, stakeholders should monitor these shifts closely. Despite high working capital (USD 225 million) and net worth, the sharp contraction in sales raises valid concerns about sustainability and demand-side vulnerability.

For anyone preparing a company credit report or financial due diligence, DLC presents a compelling profile: robust in scale and profitability, but increasingly exposed to cyclical downturns and sector-specific risks. Its deep involvement in mining, metal production, fertilizer, and chemical processing makes it capital-intensive and environmentally sensitive—two factors that carry both operational risk and regulatory compliance costs.

In conclusion, Duc Giang Lao Cai Chemicals stands as a pillar of Vietnam’s industrial base, delivering high returns and maintaining a strong balance sheet. But the decline in revenue and profit signals a need for adaptation. Whether through diversification, operational efficiency, or strategic shifts in product lines, the company must now transition from aggressive expansion to defensive strategy—ensuring that its next phase of growth is both resilient and sustainable.