What Thuan An Wood Processing does

Thuan An Wood Processing is a Vietnamese public company (HOSE: GTA) founded in 2001 and headquartered in Hai Duong, Vietnam, that produces and sells wood products. It operates in the commodity wood processing sector with a single-segment business model focused on manufacturing and selling wood products, as confirmed by its own short description; no product sub-categories, customer segment breakdown, or specific end-markets are disclosed in the available source material. Financially, the company has experienced a sustained multi-year contraction: revenue reported in VND terms fell from approximately VND 22.3 trillion and VND 21.9 trillion in 2013-2014 to approximately VND 10.3 trillion in 2023-2024 and VND 9.7 trillion in 2025, a roughly 56% decline from the 2014 peak. Operating income turned negative in 2025 (-VND 108 billion) after turning positive in 2024 and 2023, and EBITDA compressed from over VND 1 trillion in 2013 to approximately VND 119 billion in 2025, indicating progressive margin erosion alongside the volume decline.

The company's corporate website (gothuanan.vn) was not scannable in the source capture, returning only a loading/verification page with no products, certifications, or operational detail; available third-party corporate sources likewise yielded no management team, headcount, customer, partnership, or pricing detail. Reported enterprise value swung from approximately VND 1.58 trillion in 2024 to negative approximately VND 239 billion in 2025, signaling balance-sheet stress (cash exceeding market capitalization is improbable given the listed EV sign and is more likely a data artifact, but the directional deterioration is clear). Net income, while positive each period, has thinned each year and provides no cushion against the operating loss. Given the absence of disclosures on products, customers, geographic footprint, distribution channels, and capital structure, the business model mechanics (pricing, GTM, customer concentration) cannot be characterized with specificity from the input; this is a gap for any investment decision.

Name

Thuan An Wood Processing

Website

https://gothuanan.vn

Company type

Private

Founded year

2001

Short description

Thuan An Wood Processing is a Vietnamese public wood products manufacturer (HOSE: GTA) founded in 2001 and headquartered in Hai Duong, Vietnam, that produces and sells wood products to domestic and export-facing customers.

Ownership category

akta.pro rank

Product category

Wood Products Manufacturing

NAICS

Wood Product Manufacturing (321)

SIC

Lumber & Wood Products (No Furniture) (2400), Millwood, Veneer, Plywood, & Structural Wood Members (2430)

akta.pro primary industry

Planing Mills & Lumber Surfacing (IMAMABAE)

akta.pro secondary industries

Wood Drying & Kiln Operations (IMAMABAD), Wood Remanufacturing (Mouldings, Millwork Blanks, Cut Stock) (IMAMABAI)

Keywords

• Wood processing
• Wood products
• Wood manufacturing
• Timber products
• Lumber production

Headquarters

HQ city

Hai Duong

HQ country

Vietnam

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Infrastructure

Core offering

Thuan An Wood Processing is a Vietnam-based manufacturer that produces and sells wood products. Founded in 2001 and headquartered in Hai Duong, Vietnam, the company operates in the wood processing industry and is publicly listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker GTA. The company generates revenue from the sale of manufactured wood products, with annual revenue reported in the multi-trillion VND range.

Differentiator

Problem solved

Functional benefit

Products and services

• Wood Products

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights1 record

Broad incumbents

• Samling Strategic Corporation: Malaysian-based vertically integrated timber and wood products group; broader incumbent in the regional wood processing industry with overlapping export markets.

Regional players

• Ta Ann Holdings Berhad: Malaysian timber and plywood producer with significant export operations; comparable in processed wood products, regional Southeast Asian footprint, and export orientation.
• Dongwha Pharm (Dongwha Vietnam): Korean-invested wood panel and building materials manufacturer operating in Vietnam; regional peer with similar processed-wood product lines serving Southeast Asian markets.

Direct peers

• Kim Tin Group JSC: Vietnamese wood products manufacturer producing MDF, particleboard, and engineered wood panels; closely comparable in wood processing sub-sector with overlapping end markets.
• An Cuong Wood Working JSC: Vietnamese manufacturer of processed wood panels, MDF-based products, and laminated wood components; competes in the same processed wood categories for construction and furniture applications.
• Truc An Wood JSC: Vietnam-based wood products processor and exporter producing furniture-grade and industrial wood outputs; same geography, similar commodity wood processing operations.
• Sai Gon Wood Processing JSC: Vietnam-based wood processing company focused on processed timber and wood products for export; same industry segment, customer base, and Vietnamese operational context.
• Woodsland Timber & Technology JSC: Vietnamese-listed wood processing and timber products manufacturer serving export markets; directly comparable business model, customer base, and Vietnamese operating context to Thuan An.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thuan An Wood Processing