Nhựa Tiền Phong (NTP) breaks ground for a 1.162 billion VND educational complex, Q1/2025 profit nearly doubles year-on-year

On April 21, 2025, Plastic Company Limited Teenage Tien Phong (NTP) held a groundbreaking ceremony for the Tien Phong Educational Complex project with a total investment of 1.162 billion VND in Hai Phong. The project will include a multi-level school system from elementary to high school and various functional areas to fully develop students. Mr. Dang Quoc Dung, Chairman of NTP, affirmed the company’s strong commitment to ensuring construction quality. Previously, this land faced issues in commercial planning and required a usage plan to avoid retrieval. Additionally, NTP reported Q1/2025 financial results with revenues of 1.269 trillion VND, increasing by 34% y-o-y, and a net profit of nearly 212 billion VND, up 94%. The company’s total assets reached 6.025 trillion VND, and liabilities decreased by 14%. This is a promising outlook for the company’s future growth.