Over 149 Million Tôn Đông Á Shares List on Ho Chi Minh City Stock Exchange
Over 149 million Tôn Đông Á shares began trading on the Ho Chi Minh City Stock Exchange on November 12, 2026. The shares rose nearly 3% that morning. The company plans to invest VND 3 trillion to VND 3.5 trillion from 2026 to 2030 to expand cold-rolled and coated steel production.
On November 12, 2026, more than 149 million shares of Tôn Đông Á Joint Stock Company (CTCP Tôn Đông Á) began trading on the Ho Chi Minh City Stock Exchange under the ticker GDA. That morning, the shares rose nearly 3% to VND 12,350 each, giving the company a market capitalization of VND 1.841 trillion.
Tôn Đông Á Chairman Nguyễn Thanh Trung strikes the gong at the listing ceremony.（VietVance）
Founded in 1998, Tôn Đông Á mainly produces cold-rolled and coated steel. The company operates two factories, Thủ Dầu Một and Sóng Thần 1, with combined annual steel sheet production capacity of about 800,000 tonnes. It has more than 1,700 dealers across Vietnam and exports its products to more than 50 countries and territories.
In the first nine months of 2026, the company recorded revenue of VND 11.156 trillion, down 6.4% year on year. After-tax profit fell 8.1% to VND 216 billion, meeting 86.5% of its full-year profit target of VND 250 billion. Gross margin rose to 7.5% from 6.9% a year earlier. As of September 30, total assets stood at VND 13.233 trillion, up 11.2% from the start of the year.
Under a plan announced at its 2026 annual shareholders’ meeting, the company intends to invest VND 3 trillion to VND 3.5 trillion from 2026 to 2030, focusing on expanding cold-rolled and coated steel production capacity. A steel pipe plant in Phú Mỹ 1 Industrial Park, with designed annual capacity of 60,000 tonnes, began operating in the first quarter of 2026. In June of the same year, the company broke ground on its fourth factory in Phú Mỹ 3 Specialized Industrial Park. The factory has designed annual capacity of 1.2 million tonnes, with its first phase expected to begin operating in 2027 at an annual capacity of 300,000 tonnes.
The company is also developing a factory in Indonesia, which is expected to produce its first products in the second quarter of 2027. Products from the new projects will also serve the home appliance, furniture, automotive and infrastructure sectors.
Source: VietVance
