DUY TAN PLASTICS MANUFACTURING CORPORATION

DUY TAN PLASTICS MANUFACTURING CORPORATION: Rebounding Profit, Regional Reach, and Key Risks to Watch

DUY TAN PLASTICS MANUFACTURING CORPORATION (CÔNG TY CỔ PHẦN SẢN XUẤT NHỰA DUY TÂN), a prominent Vietnamese plastics manufacturer headquartered at No. 298, Ho Hoc Lam Street, Binh Tan District, Ho Chi Minh City, has steadily expanded its operations since its establishment in 2008. Operating under tax code 0306151768, the company is a joint stock enterprise with 70% foreign ownership held by SCGP Rigid Packaging Solutions Pte. Ltd. from Singapore, while Vietnamese stakeholders, notably Mr. Tran Duy Hy (29.88%), maintain a strategic local role.

In 2023, DUY TAN PLASTICS MANUFACTURING CORPORATION posted sales of USD 198.75 million, a 10.31% decrease from the previous year. However, the company delivered an impressive rebound in profitability with a net profit of USD 30.41 million—surging 207.6% year-over-year. Total assets slightly improved to USD 150.36 million, while equity rose 31% to USD 104.61 million, highlighting a robust recovery in financial standing. Working capital also more than doubled, reaching USD 51.16 million.

Employing approximately 4,200 staff across branches in Ho Chi Minh City and Da Nang, DUY TAN operates in a fiercely competitive and environmentally sensitive industry. Vietnam’s plastics sector, though essential to packaging, consumer goods, and construction, faces growing scrutiny over sustainability and recycling compliance. Regulatory tightening and shifts in global plastic waste policies add external risks to domestic players, even well-capitalized ones like DUY TAN.

From a risk management lens, stakeholders should monitor not just profitability, but also compliance exposure and reputational risks. As DUY TAN continues scaling operations and product offerings—including computer programming and IT services—complexity increases. VANGUARD BUSINESS INFORMATION LLC recommends a comprehensive review of the company’s Private Financial Data to confirm the sustainability of its earnings and investment cycles. A Litigation Search is also prudent to assess potential disputes in environmental compliance, labor, or intellectual property—common challenges in high-volume manufacturing.

While DUY TAN PLASTICS MANUFACTURING CORPORATION demonstrates a strong financial comeback, due diligence remains crucial in evaluating this enterprise's long-term resilience in an evolving regulatory and consumer landscape. For deeper analysis, supplier risk assessments, or investment validation, rely on VANGUARD BUSINESS INFORMATION LLC—Vietnam’s trusted partner for actionable corporate intelligence.