By the end of 2021, after months of implementing the “three-on-the-spot” production model, industrial manufacturing companies under the Vietnam Rubber Group (VRG) had gradually adapted to the new normal. Production recovered steadily, with companies accelerating toward shared goals — maintaining operational efficiency while ensuring pandemic safety.
Production Targets Surpassed Despite Pandemic Challenges
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As one of the enterprises located in Ho Chi Minh City, the pandemic’s epicenter, Geru Star Sports JSC resumed safe production on October 4, 2021, once all employees were fully vaccinated.
By December 2021, the company had produced over 955,000 sports balls, fulfilling 100.62% of its production plan, achieving 103% of revenue targets (VND 73 billion) and 81% of profit targets (over VND 1 billion).
Meanwhile, Dong Phu Rubber Engineering JSC successfully maintained equipment assembly and maintenance for VRG units in Laos and Cambodia. After two months of suspended operations due to lockdowns, the company fully resumed production in October 2021.
At VRG’s year-end ceremony, Mr. Trần Bá Tước – General Director – reported:
“Despite many difficulties, the company completed its annual plan 17 days ahead of schedule. Revenue, profit, and tax payments all exceeded targets by over 30%. All major projects were delivered on time. Thanks to VRG’s support and partners’ collaboration, we maintained production, protected employee health, and achieved an average income of over VND 10 million per worker per month.”
Resilient Recovery Across Subsidiaries
Rubber Industry and Export JSC, located in Binh Duong Province, faced significant disruptions during the pandemic peak. A local outbreak temporarily halted the “three-on-site” model, causing production delays and higher anti-pandemic costs.
Nevertheless, by year-end, most key indicators exceeded plans:
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Refined wood production: 3,700 m³ (+61% vs. plan)
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Technical rubber products: 1.35 million units (+4% vs. plan)
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Revenue: 94% of plan
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Profit: VND 3.2 billion (+2% vs. plan)
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Average monthly income: VND 9.8 million for 454 employees
VRG Khải Hoàn and Bến Thành Rubber Lead in Growth
VRG Khải Hoàn JSC – Vietnam’s largest medical glove producer under the VGlove brand – achieved exceptional results. Its products are exported to the U.S., Europe, Japan, and other key markets.
In 2021, Khải Hoàn’s revenue reached nearly VND 2.3 trillion, with profit at VND 978 billion, and tax contributions of VND 308 billion. The company provided stable jobs for 1,244 workers, averaging VND 14.5 million/month, and donated VND 1.8 billion to social welfare programs.
To meet growing global demand, VRG Khải Hoàn built an additional factory, doubling production capacity to 5 billion gloves per year.
Bến Thành Rubber JSC also delivered strong performance. The company was ranked among the Top 100 Sustainable Businesses in Vietnam (2021) and recognized as one of five enterprises excelling in gender equality.
Its core products include steel-cord conveyor belts for the mining, cement, and fertilizer industries, with exports to the U.S., Japan, Australia, and Indonesia.
In 2021, all performance indicators increased compared to 2020:
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Revenue: VND 292 billion
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Profit: VND 27 billion
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Tax payment: nearly VND 29 billion
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Average monthly income: VND 13.4 million for 200 employees
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Social contributions: over VND 200 million
Dual Goals Achieved: Production and Safety
All VRG industrial subsidiaries strictly followed government and corporate pandemic guidelines. Vaccination rates reached 100% among workers.
Despite months of production under quarantine, companies achieved the “dual goal” — maintaining output, revenue, and profit while ensuring health and welfare for their employees. The year 2021, though severely affected by COVID-19, marked a remarkable recovery milestone for Vietnam’s industrial rubber manufacturing sector.