DUCTUONG GROUP JOINT STOCK COMPANY

DUCTUONG GROUP JOINT STOCK COMPANY (DUCTUONG GROUP), founded on October 24, 2012, is a reputable Vietnamese enterprise based at No. 59 Nguyen Van Cu Street, An Thoi Ward, Phu Quoc City, Kien Giang Province. Registered under Business ID: 1701884951, the company operates as a privately held joint-stock entity with charter capital of USD 12.32 million and a team of around 150 employees.

Leadership and Structure

The company is led by Chairwoman cum General Director Nguyen T. Q., who has been instrumental in shaping DUCTUONG’s growth strategy. The ownership is fully domestic, with Mr. Nguyen D. T. holding 50%, Mr. Nguyen D. K. owning 35%, and Ms. Phan T. H. controlling 15%.

Main Business Operations

DUCTUONG GROUP specializes in the wholesale of electrical machinery and industrial equipment, including electric cables, transformers, lighting systems, and plastic pipes. The company also engages in construction materials trading, freight transport, and installation services, expanding its business footprint across Vietnam. With branches in Ho Chi Minh City and Da Nang, DUCTUONG maintains a wide operational presence serving both industrial and infrastructure clients.

Key Financial Highlights

As of December 31, 2023, the company reported:

• Total Assets: USD 60.52 million (↑ 6.83% YoY)

• Owner’s Equity: USD 24.11 million (↑ 2.57%)

• Sales Revenue: USD 107.19 million (↓ 5.88%)

• Net Profit: USD 602,939, slightly down 5.5% from 2022

• Working Capital: USD 20.37 million, reflecting strong liquidity

The most significant financial takeaway is DUCTUONG’s ability to sustain profitability and maintain a strong capital structure, even amid a slowdown in the industrial trading sector. This performance underlines financial discipline, low leverage, and efficient management of assets.

Outlook and Credit Perspective

Over its 13 years of operation, DUCTUONG GROUP has built a solid reputation as a dependable supplier in Vietnam’s electrical and construction markets. The company’s steady asset growth and stable equity base suggest a low-to-moderate credit risk profile, suitable for long-term partnerships and trade credit arrangements.

For businesses seeking to assess the financial health or verify the reliability of DUCTUONG GROUP JOINT STOCK COMPANY, detailed Company Financial Reports and Credit Risk Analyses are available from VNBIS (https://www.vnbis.com) — a trusted provider of business intelligence and risk management solutions helping clients minimize risks and maximize opportunities in the Vietnamese market.