DDC (IFC-50153)

Countries
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Ho Chi Minh City and Thanh Hoa provinces
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 23, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Dai Dung Metallic Manufacture Construction and Trade Corporation
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 37.98 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 1000000
Converted using 2025-10-23 exchange rate.
Project Cost (USD)
$ 152.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 25, 2025

Disclosed by Bank Sep 16, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, IFC’s proposed investment will fund the construction of two new factories in Ho Chi Minh City and Thanh Hoa provinces between 2024 and 2026.

At the Project level, the Project is expected to create direct jobs in Viet Nam and to support additional jobs through indirect effects in logistics, transportation, and other related activities in the value chain. Additionally, the Project is expected to train the new workforce on advanced structural engineering skills, fabrication techniques which involve familiarity with heavy machinery and processes specific to large components. Beyond the Project, IFC anticipates that the investment will promote competitiveness by: (i) increasing value addition; (ii) demonstrating capability in producing large structures; and (iii) providing engineering services for complex projects such as large-scale constructions, renewable energy and offshore wind.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

This is a Category B Project according to IFC’s Policy on Environmental and Social Sustainability (2012). Based on information reviewed by IFC, the proposed project will have limited adverse E&S impacts that are few, site specific, largely reversible and readily addressed through existing mitigation measures and good international industry practices (GIIP).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

IFC’s proposed up to VND1,000 billion (approximately US$38 million) quasi-equity investment will fund the construction of two new factories in Ho Chi Minh City and Thanh Hoa provinces between 2024 and 2026. The estimated Project cost is US$152 million, which includes expansion capex for the two new factories and additional working capital.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Dai Dung Metallic Manufacture Construction and Trade Corporation is a leading Vietnamese provider of mechanical engineering solutions, including consultancy, fabrication and Engineering, Procurement and Construction (“EPC”) of building structures for large-scale and technically complex projects both in Viet Nam and internationally.

DDC is owned by Nam Phat Long Co., Ltd, Mr. Trinh Tien Dung and his family members, and other shareholders. Nam Phat Long Co., Ltd. is wholly owned by Mr. Trinh Tien Dung and his family members.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Dai Dung Metallic Manufacture Construction and Trade Corporation Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Dai Dung Metallic Manufacture Construction and Trade Corporation
Mrs. Duong Van Anh
Chief Finance Officer
anhdv@daidung.vn
121-123 Bach Dang, Tan Son Hoa Ward, Ho Chi Minh City, Viet Nam
https://daidung.com.vn/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works