- Sector
- Process industries
- Industry
- Industrial specialties
- Address
- Hanoi Vietnam
- IPO Date
- Mar 30, 2020
- Business
- Hanoi Synthetic Paint Joint Stock Company manufactures, markets, and distributes industrial coatings, decorative paints, and surface-protection chemical solutions in Vietnam. Operating primarily under its flagship brand, Son Dai Bang, the company provides a comprehensive portfolio of coating products categorized into: industrial and heavy-duty protective coatings, including epoxy paints, polyurethane (PU) coatings, chlorinated rubber paints, heat-resistant paints, anti-corrosive primer systems, marine coatings, and traffic marking paints; architectural and decorative paints, comprising alkyd enamels, alkyd melamine paints, acrylic emulsions, and interior and exterior primers; specialized industrial finishes, consisting of electrostatic powder coatings, zinc-rich primers, and wood coatings; and chemical auxiliaries, including printing inks, synthetic varnishes, and specialized industrial thinners. The company serves diverse commercial and industrial sectors, supplying coatings for petroleum storage terminals, chemical plants, thermal and hydroelectric power stations, high-voltage electrical grid towers, telecommunications infrastructure, marine vessels, and industrial manufacturing facilities, as well as supplying original equipment manufacturers (OEMs) in the automotive and motorcycle industries. Founded in September 1970 as Hanoi Synthetic Paint Factory under the Vietnam National Chemical Group (Vinachem) and corporatized as a joint stock entity in 2006, the company is headquartered in Hanoi, Vietnam, and trades on the UPCoM exchange under the ticker HSP. In recent developments, Hanoi Synthetic Paint Joint Stock Company has pursued operational optimization across its domestic footprint through the consolidation and restructuring of regional branch offices, upgraded its high-durability and specialized industrial coating formulations to meet stricter industrial engineering standards, and strengthened direct commercial partnerships across Vietnam's expanding industrial and public infrastructure projects.