
Viet Duc Steel Pipe Joint Stock Company VG PIPE (VGS), formerly known as Viet Duc Steel Pipe Factory, was established in 2002. In 2007, the Company transformed its operating business model as a Joint Stock Company. Viet Duc Steel Pipe is the leading enterprise in the steel pipe manufacturing industry in Vietnam. In 2025, Viet Duc Steel Pipe is in the top 4 factories producing and consuming steel (accounting for 7.39% of the market share) and the top 3 largest construction steel manufacturers in Vietnam (accounting for 5% of the market share). The brand of steel products of Viet Duc Steel Pipe has been associated with national key projects such as Thanh Tri Bridge, Vinh Tuy Bridge, Phap Van Bridge, National Convention Center, The Manor, Keangnam, The Landmark, Thang Long Cement, Hoang Thach Cement, Pha Lai Thermal Power, Uong Bi Thermal Power, Saigon – Trung Luong Expressway. Currently, the company's steel products have been exported to the US, Canada, EU, Indonesia, Laos, Myanmar (accounting for 30% of the total output). VGS officially traded on the Hanoi Stock Exchange (HNX) from December 4, 2008.
VGS currently has a market capitalization of roughly VND 1.046 billion, placing it in the mid-cap group on the Vietnamese stock market. Its current P/E of 4,7x is 58% below its own 8-year average (11,3x), suggesting the stock is trading cheaper than its historical norm. P/B stands at 0,8x, 30% below its multi-year average of 1,1x. Return on equity (ROE) is at 18%. Its debt-to-equity ratio of 0,6x is moderate, reflecting a balanced capital structure. In 2025, revenue fell 0% year-on-year while after-tax profit grew 98%.
This note is generated automatically from the stock's real financial data, for reference only — not investment advice.
Unit: VND billion. Growth (%) vs. previous period.
Unit: VND billion. Year-end values; current year uses latest session.
Unit: x. Financial debt over shareholders' equity.
Data aggregated from cafef.vn and VNDirect, for reference only, not investment advice.