DUCGIANG CHEMICALS GROUP JOINT STOCK COMPANY: From Local Giant to Global Contender in the Chemical Sector

DUCGIANG CHEMICALS GROUP JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN TẬP ĐOÀN HÓA CHẤT ĐỨC GIANG) stands as a pillar of Vietnam’s chemical industry. With more than two decades of active operation and a rapidly expanding asset base, the company has become a strategic player not just in the domestic market, but across regional and global supply chains. Founded in 2004, the company operates under Business Registration Number 0101452588, issued by the Hanoi Department of Planning and Investment. Its headquarters is located at No. 18, Lane 44, Duc Giang Street, Thuong Thanh Ward, Long Bien District, Ha Noi City, Vietnam.

Legal Structure and Management

As a publicly held joint stock company, DUCGIANG CHEMICALS GROUP is listed on the HOSE (Ho Chi Minh Stock Exchange) under the ticker DGC. It maintains a charter and paid-up capital of over USD 156 million. The company is led by Chairman Mr. Dao Huu Huyen, a seasoned executive who also holds an 18.38% stake, making him the largest individual shareholder. Supporting him is General Director Mr. Dao Huu Duy Anh and Deputy General Director Mr. Luu Bach Dat, who contribute to the daily management and strategic direction of the business.

With more than 2,500 employees and operations spanning across Hanoi, Binh Duong, Hung Yen, and Lao Cai, the company operates with national reach and international ambition. The scale and depth of its activities are reflected not only in its manufacturing capacity but also in its ventures into real estate, mining, metallurgy, and electrical equipment production.

Financial Performance and Business Highlights

As of 2023, DUCGIANG CHEMICALS GROUP JOINT STOCK COMPANY reported total assets of approximately USD 638 million, marking a 15.89% increase over the previous year. Its equity also rose to USD 494.1 million, demonstrating continued investor confidence and healthy capital retention. However, the company faced a significant drop in revenue and profit, with sales falling to USD 400.48 million—a decline of more than 32% compared to 2022. Likewise, net profit dropped to USD 133.18 million, down 46% year-over-year.

Despite this temporary contraction, the company’s working capital of USD 368.67 million underscores its liquidity strength, enabling it to weather market fluctuations and maintain strategic investments. Moreover, its consistent asset growth signals long-term operational sustainability.

Broad Business Lines and Diversification

DUCGIANG CHEMICALS GROUP is widely known for its core focus on the manufacture of basic chemicals, detergents, fertilizers, and industrial additives. It also engages in the mining of chemical minerals, real estate development, and support activities for other industries such as agriculture and construction. This level of diversification not only spreads risk but also positions the company to adapt to shifting demands in Vietnam’s fast-evolving industrial economy.

Through its active participation in multiple sectors and substantial manufacturing infrastructure, DUCGIANG CHEMICALS GROUP JOINT STOCK COMPANY has laid the groundwork for future expansion, both regionally and internationally. However, its latest financials reveal that even dominant players are not immune to cyclical industry slowdowns or global economic headwinds.

Conclusion and Risk Considerations

While DUCGIANG CHEMICALS GROUP JOINT STOCK COMPANY continues to be a market leader in Vietnam’s chemical manufacturing sector, recent profit declines suggest that stakeholders should monitor its financial trajectory closely. For investors, suppliers, and partners, gaining a clear understanding of such shifts is critical before entering high-value engagements.

Independent financial intelligence services like Vanguard Business Information LLC (VBI) can offer comprehensive risk assessments and credit evaluations of companies like DUCGIANG, helping mitigate exposure and support confident decision-making. Whether tracking cash flow trends, ownership structure, or market signals, VBI’s tools are invaluable in today’s uncertain economic environment.

With its strong foundation, diversified operations, and a visionary leadership team, DUCGIANG CHEMICALS GROUP JOINT STOCK COMPANY is well-positioned to recalibrate and pursue new growth opportunities—provided it adapts effectively to market changes and maintains operational discipline.