TIEN PHONG PLASTIC JOINT STOCK COMPANY

TIEN PHONG PLASTIC JOINT STOCK COMPANY (Công Ty Cổ Phần Nhựa Thiếu Niên Tiền Phong), known on the HNX stock exchange under the ticker NTP, is one of Vietnam’s leading manufacturers of plastic pipes and accessories. Founded in 2004 but with legacy operations going back much further, the company operates as a publicly held joint stock enterprise and maintains a dominant position in the plastic infrastructure market across northern Vietnam.

The company is legally registered under Business ID and Tax Code 0200167782 at No. 2, An Da Street, Lach Tray Ward, Ngo Quyen District, Hai Phong City, while its primary operational address is located at No. 222, Mac Dang Doanh Street, Hung Dao Ward, Duong Kinh District, Hai Phong City, Vietnam. This location houses the main manufacturing and business activities of the company. TIEN PHONG PLASTIC is overseen by Chairman Dang Quoc Dung, supported by General Director Chu Van Phuong and Deputy Chairman Noboru Kobayashi, a representative of the Japanese shareholder Sekisui Chemical Co., Ltd.

In 2023, the company reported USD 224.05 million in total assets, marking a 7.7% increase from the previous year. Equity rose to USD 127.99 million, while net profit surged 16.66% to USD 22.98 million. This growth occurred despite a nearly 9% decline in sales, which fell to USD 212.64 million. The improved profitability in the face of lower revenue indicates the success of cost optimization or margin enhancement strategies. Working capital stood at USD 47.78 million, reinforcing the company’s solid financial footing and its ability to sustain operations without short-term liquidity stress.

The company employs over 1,280 staff and operates a diversified business portfolio. However, its core remains in the production and distribution of plastic piping systems used in water supply, drainage, and civil infrastructure. TIEN PHONG PLASTIC is also active in real estate, warehousing, transportation, and construction-related services—although these are secondary to its dominant manufacturing segment.

Among the key shareholders are State Capital Investment Corporation (SCIC), holding 37.1%, and Sekisui Chemical of Japan with a 15% stake, indicating both domestic institutional and foreign strategic backing. The presence of Tien Phong Plastic South JSC and its Chairman, Dang Quoc Dung, as shareholders adds internal continuity to the governance structure.

In summary, TIEN PHONG PLASTIC JOINT STOCK COMPANY is a financially robust and strategically positioned enterprise in Vietnam’s industrial materials sector. While recent sales dipped, the profit rise suggests underlying operational strength. Investors and business partners can view it as a stable, growth-oriented company backed by both state capital and international cooperation. For full due diligence or financial verification reports, visit VANGUARD BUSINESS INFORMATION LLC (VBI), the leading provider of corporate intelligence in Vietnam.