TON DONG A CORPORATION

TON DONG A CORPORATION (CÔNG TY CỔ PHẦN TÔN ĐÔNG Á) is a publicly held joint stock companyestablished on February 2, 2009, and officially registered with the Binh Duong Province Department of Planning and Investment. Specializing in the manufacturing and processing of coated steel products, the company has become a key player in Vietnam’s steel and metal industry, serving both domestic and international markets. Its primary product lines include aluminum zinc-coated steel coils, color-coated steel coils, hot-dip zinc-coated steel sheets, galvanized steel pipes, and cold-rolled coils, positioning it as a leading supplier in construction and industrial manufacturing.

At the forefront of TON DONG A CORPORATION is Chairman Nguyen Thanh Trung, supported by General Director Ho Song Ngoc and Deputy General Director Doan Vinh Phuoc. The company operates with a Tax Identification Number (TIN) of 3700255880, ensuring full regulatory compliance in Vietnam’s industrial sector. With a workforce of 1,464 employees, the company maintains a strong production network, including a head office in Binh Duong, manufacturing facilities in Dong An 2 Industrial Park, and representative offices in Ho Chi Minh City and Binh Dinh Province.

The company’s asset base grew to USD 474.18 million in 2023, a 12% increase from the previous year, highlighting its expanding financial stability. However, sales revenue experienced a 19.34% decline, totaling USD 716.26 million, reflecting market fluctuations in the steel industry. Despite this, profitability rebounded significantly, with net profit rising to USD 11.65 million, marking a 202.55% increase compared to 2022, when the company reported a financial loss. Additionally, owner’s equity rose by 4.95% to USD 148.69 million, reinforcing TON DONG A CORPORATION’s financial resilience.

Beyond steel production, the company is engaged in metal machining, treatment, and coating, as well as forging, pressing, stamping, and roll-forming of metal products. It is also active in wholesale metal and metal ore distribution, freight transport, warehousing, and materials recovery, diversifying its business operations for long-term sustainability. With its shares listed on UPCOM under the stock symbol GDA, TON DONG A CORPORATION continues to attract investment and expand its market influence.

Despite challenges in global steel pricing and raw material costs, the company’s robust production capabilities, strategic market positioning, and diversified shareholder base, including foreign investors such as JFE Shoji Vietnam and Hanwa Co., Ltd. from Japan, provide a competitive edge. Looking forward, its commitment to technological advancement, quality enhancement, and international expansion will be critical in sustaining growth and navigating market uncertainties.

This company report is made by Vanguard Business Information LLC (VBI), a leading business intelligence provider, financial analysis, and risk assessment services. VBI’s comprehensive reports help businesses evaluate financial stability, mitigate risks, and establish strategic partnerships with companies like TON DONG A CORPORATION. For detailed financial insights, credit evaluations, and industry assessments, VBI delivers customized intelligence solutions to support investment decisions and business expansion strategies.