The VN-Index is currently in a tug-of-war phase following a strong rebound. Amidst this, shares of DGC, Duc Giang Chemicals Group JSC, unexpectedly surged to their upper limit, even reaching a “zero sell” status, pushing the stock price to a three-digit level of 100,000 VND per share. This marks the highest price point for the stock in the past two months, elevating DGC’s market capitalization to nearly 38 trillion VND.
Notably, trading volume also experienced a significant surge. As of 10:40 AM, approximately 6.4 million shares had changed hands, a substantial increase compared to the average volume of previous sessions.
The stock’s sharp rise occurred immediately after the company received approval for a real estate project valued at over 4.5 trillion VND.
On November 12, 2025, the Hanoi People’s Committee issued Decision No. 5568/QD-UBND, approving the investment policy and designating the investor for the Duc Giang Public Works, School, and Housing Complex.
This is a rare large-scale project in the Duc Giang – Viet Hung area, proposed by Duc Giang Chemicals Group and directly implemented by its subsidiary, Duc Giang Real Estate LLC.
Previously, in October 2025, the Hanoi People’s Committee issued Decision No. 4590/QD-UBND, approving the detailed 1/500 scale planning for the Duc Giang Public Works, School, and Housing Complex at 18/44 Duc Giang Street, Thuong Thanh Ward, Long Bien District.
The complex spans over 47,470 m² at 18, Alley 44, Duc Giang Street (Viet Hung Ward, Hanoi), featuring 60 townhouses, a high-rise apartment building with 880 units, a 1.1-hectare school, and a system of services, commerce, and sports facilities.
The total investment is estimated at 4.5 trillion VND, entirely funded by Duc Giang’s own capital. The project is scheduled to run from 2025 to 2030.
According to Vietcap’s estimates, the project could generate 413 billion VND in after-tax profit in 2027 and approximately 1 trillion VND in 2028, upon completion. With an average selling price of 70 million VND/m² for apartments and 250 million VND/m² for townhouses, revenue could reach several trillion VND. Although a “one-time” profit, the project still helps DGC enhance the efficiency of idle capital during the ongoing investment in industrial projects like the Nghi Son Chemical Zone and the caustic soda-chlorine chain.
“Venturing into real estate due to available land, while focusing on production”
The intention of a manufacturing company like Duc Giang Chemicals to undertake a real estate project has become a topic of interest among shareholders.
Addressing this at the 2025 Annual General Meeting, Mr. Dao Huu Huyen, Chairman of the Board, expressed “no enthusiasm” for real estate. The company is pursuing this project because it already owns the land, not out of a desire to enter the sector.
“If everyone in Vietnam rushes into real estate, I don’t know where the country will end up. We want to focus on manufacturing,” said Mr. Dao Huu Huyen.
He also shared that many have advised the group to invest in stocks, Bitcoin, or other companies. However, the company’s leadership prefers to concentrate on chemicals and fears losing money by diversifying into other sectors.
Regarding the first nine months’ business performance, DGC’s net revenue reached 8,521 billion VND, a 14% increase year-on-year. Gross profit rose by 8%, from 2,631 billion VND to 2,837 billion VND. By the end of the nine months, DGC reported after-tax profit attributable to the parent company’s shareholders at 2,403 billion VND, a 7% increase compared to the same period in 2024.
As of September 30, 2025, DGC’s total assets surged by 23% since the beginning of the year, from 15,821 billion VND to 19,424 billion VND. Cash and cash equivalents skyrocketed to over 13,100 billion VND, a 23% increase from the 10,686 billion VND at the start of the year, now accounting for 67% of the group’s total assets.
DGC’s $190 Million Real Estate Project Approved, Stock Surges to 100,000 VND
Revised Introduction:
Đức Giang Chemical Group JSC (HOSE: DGC) has announced its receipt of the investment approval from the Hanoi People’s Committee for the Đức Giang Public Utility Complex, School, and Residential Project.
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