Tôn Đông Á Lists on HOSE, Plans Investment to Expand Capacity
Tôn Đông Á listed more than 149 million shares on the Ho Chi Minh City Stock Exchange on November 12, 2026. It plans to invest VND 3 trillion to VND 3.5 trillion from 2026 to 2030 to expand steel production capacity and develop a factory in Indonesia.
On the morning of November 12, 2026, more than 149 million shares of Tôn Đông Á were listed on the Ho Chi Minh City Stock Exchange under the ticker GDA. The shares opened their first trading day at VND 12,600 apiece, up 5% from the reference price of VND 12,000. They traded at VND 12,350 during the session, up 2.92% from the reference price, giving the company a market capitalization of approximately VND 1.841 trillion.
Tôn Đông Á listed on the Ho Chi Minh City Stock Exchange on November 12, 2026.（VietVance）
Founded in 1998, Tôn Đông Á now operates two factories with a combined steel sheet capacity of 800,000 tonnes a year. The company has more than 1,700 dealers in Vietnam and exports its products to more than 50 countries and territories. In the first quarter of 2026, it began operating a steel pipe factory in Phú Mỹ 1 Industrial Park with an annual capacity of 60,000 tonnes.
In June 2026, the company began construction of its fourth factory in Phú Mỹ 3 Specialized Industrial Park, with a total designed capacity of 1.2 million tonnes a year. The first phase is scheduled to begin operating in 2027 with an annual capacity of 300,000 tonnes. Under a plan announced at its 2026 annual general meeting, the company intends to invest VND 3 trillion to VND 3.5 trillion from 2026 to 2030, focusing on cold-rolled and coated steel.
The company is also building a factory in Indonesia, with its first products expected in the second quarter of 2027. Chairman Nguyễn Thanh Trung said at the listing ceremony that the listing would give the company more opportunities to access capital markets while raising the bar for governance, transparency and operational efficiency. The new factories’ contribution to earnings will depend on construction progress, capacity utilization and market demand.
Image related to Tôn Đông Á’s listing.（VietVance）
In the first nine months of 2026, Tôn Đông Á recorded revenue of VND 11.15565 trillion, equivalent to 93.6% of the year-earlier figure. After-tax profit was VND 216.28 billion, equivalent to 91.9% of the year-earlier figure and 86.5% of its full-year profit target. Its gross margin rose from 6.9% to 7.5% over the same period. As of September 30, 2026, the company’s total assets stood at VND 13.2332 trillion, up 11.2% from the start of the year.
Source: VietVance
