DGC Holds 13 Trillion VND in Cash: Is Real Estate or Chemicals the ‘Ace’ of the Phosphor King?

DGC, a major chemical enterprise, is undergoing significant changes in its financial structure and asset scale, increasing from 8.520 trillion (2021) to nearly 19.424 trillion by September 2025. Notably, cash and deposits increased 4-fold to 13.101 trillion, accounting for 67.4% of total assets, enabling stability in interest rates and investment capability. In the first nine months of 2025, DGC recorded revenues of 8.521 trillion (up 14%) and net profits of 2.532 trillion (up 9%) despite market fluctuations. Recently, DGC received approval to invest in an urban project in Hanoi, with a total investment of 4.500 trillion, expected to be fully funded by its own capital. Additionally, DGC signed a memorandum to develop the Bauxite and Alumina project in Lam Dong, with an estimated investment of 58.000 trillion. In the 2025-2027 period, DGC will allocate cash flow to projects such as Ethanol and Caustic Soda. DGC is preparing for a multi-industry expansion cycle, including real estate and material industry.