Tôn Đông Á’s General Assembly: Steel trade dynamics are in turmoil, will focus on domestic market with a target share of 75%

Tôn Đông Á Joint Stock Company (GDA) held its annual general meeting in 2025, highlighting changes in steel trade due to political instability and tariff barriers by some nations. Thus, the company decides to increase its domestic proportion to 75% (from 41.16% in 2024). The company projects production of 780,000 tons, revenue of VND 18 trillion, and a profit of VND 300 billion for 2025, with an estimated profit of VND 120 billion in the first half of the year.
The company will start construction of factory number 4 with a capacity of 1.2 million tons in Q4 2025 and expand several other factories. Tôn Đông Á also plans to transfer its listing to HoSE in 2025-2026 and implement a 40% dividend for 2024. Shareholders approved an increase in its capital to VND 1.491 trillion and a stock offering in 2025-2026 to supplement working capital.