Why a decision from India could bring record benefits to the largest plastic giant with a market capitalization of 12.5 trillion VND on the Vietnamese stock exchange?

CTCP Nhựa Bình Minh (BMP) forecasts that profit margins will remain at record highs due to low PVC input prices in 2025-2026. Key reasons include the slow recovery of the Chinese real estate market and a recent anti-dumping tax ruling by India on PVC from China, redirecting supply and lowering prices. India, the largest PVC importer, will significantly impact global PVC trade. In the short term, PVC prices will remain pressured due to oversupply and high inventories in China. In 2024, Nhựa Bình Minh reported revenue of 4.616 trillion VND, with a net profit of 991 billion VND. In the first half of 2025, revenue reached 2.741 trillion VND, with a net profit of 616 billion VND, increased from the previous year due to reduced raw material costs. Nhựa Bình Minh’s market capitalization is 12.5 trillion VND.