DUONG DONG GROUP JOINT STOCK COMPANY

DUONG DONG GROUP JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN TẬP ĐOÀN DƯƠNG ĐÔNG) is a privately held joint stock company specializing in the import and distribution of petroleum products. Founded on June 5, 2006, the company is registered under Business ID 0304383964 and operates from its headquarters in District 7, Ho Chi Minh City, Vietnam. Duong Dong Group has established itself as a major player in Vietnam's fuel and energy sector with additional branches in Binh Thuan, Tra Vinh, and Ninh Binh provinces.

The company has demonstrated substantial growth in total assets, which increased by 36.6% in 2023, reaching USD 181.97 million. However, sales declined slightly by 2.84%, totaling USD 560.51 million, reflecting market fluctuations. Profitability remains a concern, with net profit decreasing by 14.54% to USD 187,312, following a steep decline from previous years. Equity showed modest growth of 0.7%, indicating financial stability despite profit challenges. A positive factor is the working capital of USD 18.77 million, which suggests good liquidity management compared to other companies in the sector.

The company is heavily controlled by its founder and Chairman, Lê Tuấn Long, who holds a 90.54% ownership stake. Other shareholders include Lê Tuấn Bảo (4.54%), Lê Ngọc Phương Anh (4.05%), and smaller family-owned stakes. This tight ownership structure ensures centralized decision-making but may limit external investment opportunities. 

Vanguard Business Information (VBI) confirms that Duong Dong Group maintains legal compliance and financial transparency, ensuring regulatory adherence.

As Vietnam's petroleum and fuel market faces increasing competition and price volatility, Duong Dong Group's ability to adapt and expand its distribution network will be crucial for future growth. VBI’s risk assessment highlights the need for stronger profit margins and operational efficiency to maintain competitiveness. With a strong asset base, effective liquidity management, and an established market position, the company has the potential to expand further into related industries such as fuel retail and transportation logistics.