HCMC – KIDO Group (HOSE: KDC) is ramping up joint ventures, strategic partnerships and mergers and acquisitions as it seeks to rapidly expand its essential consumer goods ecosystem.
The strategy was highlighted by company executives at the group’s annual general meeting on May 28, as slowing consumer demand, volatile raw material costs and intensifying competition continue piling pressure on the market.
Tran Kim Thanh, chairman of KIDO Group, said the company is pursuing a vertically integrated model in the consumer goods sector, but with a different approach in which partners focus on manufacturing while KIDO takes charge of trading, distribution and market development.
Instead of acquiring land, building factories and developing products from scratch when entering a new sector, the group will leverage its existing brands, sales network and market coverage to cooperate with domestic and foreign manufacturers.
Notably, KIDO is no longer emphasizing manufacturing capacity as it did in the past, instead shifting its focus toward leveraging its strengths in trade and distribution. Its network of around 450,000 retail outlets has become a key platform for rapidly bringing new products to market.
KIDO executives said many manufacturing partners already possess strong OEM and ODM capabilities and excess production capacity, but face challenges in branding and sales development. The group sees this as a gap where it can play a larger role.
For 2026, KIDO targets revenue of VND12 trillion, up about 33% from the previous year, while pre-tax profit is projected to edge down slightly to VND700 billion. Company executives said the plan was built on a cautious outlook as market conditions remain volatile.
In retail, KIDO is continuing to expand its presence in shopping malls following investments in Hung Vuong Plaza and Van Hanh Mall. The company said occupancy rates at the two commercial centers have exceeded 99%, while revenue and profit have been growing by 7% to 10% annually.
Closing the trading session today, May 28, KDC rose by 4.35% day-on-day to VND50,400, with 893,300 shares changing hands.
On the southern bourse, the VN-Index closed down 10.76 points, or 0.57%, at 1,863.67 points, with losers overwhelmingly outnumbering gainers by 217 to 89.
Total trading volume reached 686.2 million shares worth VND19.53 trillion, down 17.4% in volume and 19.4% in value from the previous session. Block deals accounted for 83.9 million shares valued at more than VND2.89 trillion.
The VN30 basket lost nearly 23 points, with 22 decliners and only six gainers. VHM stood out as the market’s brightest spot, surging 7% to its ceiling price of VND157,700 per share, with trading volume exceeding 8.9 million shares.
VRE rose 3.2%, while BSR, VNM, GAS and VPL posted modest gains of around 0.5%.
Most banking stocks in the VN30 basket ended the session at their intraday lows. HDB led the decline, falling 3.2%, followed by TCB with a 3.1% drop. SSB and VPB both lost 2.7%, VIB slipped 2.3%, while ACB, VCB and TPB plunged 2.2% each.
The HNX Index closed up 3.33 points, or 1.18%, at 285.56 points, with 47 gainers and 78 decliners. Around 51.3 million shares worth VND962 billion were transacted. Block deals contributed more than 2.94 million shares valued at VND86.5 billion.
