Thanh Thang Group Cement Joint Stock Company (Vietnam)

Created at the end of 2013 in Ha Nam Province, THANH THANG GROUP CEMENT JOINT STOCK COMPANY is a company member of THANH THANG GROUP INVESTMENT JOINT STOCK COMPANY, owned by family members of Mr. DO VAN TIEN. Through ten years of foundation and development, SC has become a large company in the field of manufacturing cement. The subject's products are not only popular domestically under two brands: Thanh Thang and Thinh Thanh, but they are also exported to foreign markets. During the period from 2020 to 2022 when COVID-19 and post-Covid-19 affected almost all companies in this industry, the subject still gained impressive business result. Ending 2022, the revenue reached over VND 6 trillion, jumped by 32% against the previous year. However, due to a significant increase in costs, the subject lost a large amount of VND 256 billion. In the first 8 months of 2023, Vietnam's cement and clinker exports have decreased by 4.2% in volume and 5.7% in value compared to the same period last year, reaching 21.25 million tons and USD 923 million. The average export price in 8 months reached USD 43.4 /ton, down 1.5% over the same period in 2022. Many companies in this industry continued to lose in the third quarter of 2023 because the real estate field had not recovered. It can be seen that this stage is still a difficult time for all companies in this industry.