AsemconnectVietnam - Ton Dong A Joint Stock Company (code GDA - UPCoM) approved the plan to move the floor to HOSE and at the same time continue the investment plan for the Factory 4 project with a capacity of 1.2 million tons/year, going deep into the value chain of the galvanized steel industry.

On the morning of June 12, Ton Dong A held the 2025 Annual General Meeting of Shareholders to approve the 2025 business plan, investment plan and a number of other important documents related to the floor transfer.
Sharing at the General Meeting, Mr. Nguyen Thanh Trung, Chairman of the Board of Directors, said that the trade flow of the steel industry has many changes and disturbances related to political instability, many countries have implemented many tariff barriers, implemented trade protection. In particular, the protection of the steel industry is carried out in many countries and regions such as the US, Europe and countries in the Southeast Asian region.
In the domestic market, Vietnam is entering an era of national development through the process of restructuring and streamlining the administrative apparatus, promoting investment in key infrastructure projects, which is the basis for creating a position and advantage for development in a new period, at the same time the real estate market is also showing signs of bottoming out and is gradually recovering, so Ton Dong A has decided to increase the domestic proportion to over 75% (in 2024, the domestic proportion is 41.16%), focusing on high-quality segments, and domestic market segments that the Company has not previously paid attention to and expects that by the end of 2025-2026, when global relationships are re-arranged and trade flows are stable, the Company will build a more suitable sales plan and structure. “I am confident that stabilizing production activities, maintaining market share and creating business efficiency, while implementing safe management for the Company during the unpredictable fluctuations in 2025, will create a solid foundation for the Company's sustainable development,” Mr. Trung further emphasized.
Regarding financial targets, in 2025, Ton Dong A plans to operate with a total output of 780,000 tons, total expected revenue of VND18,000 billion, expected after-tax profit of VND300 billion and expected dividend of up to 20%.
Mr. Pham Quoc Thang, Member of the Board of Directors, shared more about the investment plan, besides owning the current capacity of 800,000 tons/year (operating efficiency in 2024 is over 90%), Ton Dong A is planning to invest in a galvanized steel sheet factory (factory No. 4) to increase galvanized steel sheet capacity by 1.2 million tons/year; a square pipe factory (factory No. 5) to increase the square pipe product capacity by 150,000 tons/year; increasing the capacity of factory No. 3 to increase the steel pipe product capacity by 50,000 tons/year; and some investments abroad and in new fields.
“For factory No. 4 in particular, the Company is completing legal procedures and documents, and is expected to complete the procedures and officially start construction in the fourth quarter of 2025”, Mr. Thang shared about the time to start construction of the new project with a capacity of 1.2 million tons/year.
In addition, regarding the shareholders' questions about why they invested in a new factory, Chairman Nguyen Thanh Trung emphasized: “The new project is expected to start construction in the fourth quarter of 2025 after completing legal procedures, from construction to launching products to the market is estimated at 1.5-2 years. In particular, the Company has a fairly long investment plan, this plan is expected to last 5-8 years, so from now until the product is launched to the market, it is expected that at this time the economy will enter a new expansion cycle, thus ensuring absorption of products; and in particular, the products of the new factory meet the needs of many industries from construction, household appliances, automobile industry, products for end products and meet important products in the North-South railway project. In particular, the Company divides the investment into many phases, implementing a schedule extension to ensure the safest for the Company and to suit market demand”. Regarding business results, Mr. Nguyen Thanh Trung shared that in the first 6 months of 2025, the Company expects to earn a profit of VND120 billion out of a plan of VND300 billion, and will accelerate in the last 2 quarters of the year to achieve the profit target of VND300 billion in 2025 thanks to the strategy of expanding the domestic market in many segments that were previously not interested, as well as focusing on expanding exports to some export markets that were not previously focused on.
In addition, before the Congress, the Appointment Ceremony of new Leadership positions in Ton Dong A for the 2025 - 2029 term also took place: Mr. Ho Song Ngoc as Vice Chairman of the Board of Directors; Mr. Pham Quoc Thang as General Director of Dong A - Phu My LLC; Mr. Doan Vinh Phuoc as General Director; Mr. Nguyen Van Dai as Deputy General Director of Domestic Business; Mr. Nguyen Thanh Vinh Nhat as Deputy General Director of Planning - Supply; Mr. Lam Vinh Hao as Deputy General Director of Production; Mr. Do Huu Van as Deputy General Director of Internal - External Affairs, .. and the appointment of a number of other key leadership positions.
At the end of the Congress, the entire presentation was approved, the Board of Directors of Ton Dong A also shared the strategic vision, business plan, the impact of tariffs on the industry and other questions from shareholders related to the management of the Company.
N.Nga
Source: VITIC/Tinnhanhchungkhoan