Vietnam Rubber Group (VRG) currently operates five companies specializing in the production of industrial rubber products, with an estimated total revenue of VND 934 billion in 2024, reaching 103% of the annual plan. Despite facing major challenges caused by the global economic slowdown and the Russia–Ukraine conflict, which led to a sharp decline in product consumption, these companies have successfully maintained jobs and income for their workers through proactive and flexible management strategies.
Ben Thanh Rubber Company: Expanding Markets and Increasing Revenue
Ben Thanh Rubber JSC achieved strong results in 2024 by implementing bold sales and trade-promotion measures to boost market share and attract new customers. The company’s client base has steadily grown both domestically and internationally, now totaling 756 customers. As a result, the company’s 2024 revenue reached 122% and pre-tax profit reached 113% of its business plan.
Rubber Engineering JSC: Optimizing Costs and Sustaining Growth
During the past year, Rubber Engineering JSC continued to provide warranty, maintenance, and installation services for rubber-processing machinery across the industry. The company focused on cost optimization, sourcing affordable raw materials, and expanding its customer network. Estimated revenue for 2024 reached VND 100.2 billion (100% of plan), while pre-tax profit reached VND 8.1 billion (140% of plan). The company ensured an average monthly salary of over VND 11 million per worker.
Commitment to Stability and Workforce Welfare
Looking ahead, VRG’s industrial product manufacturers will continue implementing effective solutions to attract and retain workers, ensuring the timely completion of production plans and orders. By mobilizing all available resources and working in unity, these companies aim to enhance business performance, maintain employment stability, and improve workers’ livelihoods.