BRIDGESTONE TIRE MANUFACTURING VIETNAM LLC (BTMV)

BRIDGESTONE TIRE MANUFACTURING VIETNAM LLC, Business ID 0201240026, is a major FDI manufacturer located in Dinh Vu Industrial Park, Hai Phong City. Operating since 2012 and employing roughly 1,000 workers, the company plays an essential role in Bridgestone’s regional supply chain, specializing in the production of radial tires and semi-finished rubber materials for export.

BTMV manages a sizable asset base of USD 408.1 million, with USD 193.27 million in working capital, a level that signals strong liquidity for continued operations and expansion. Although revenue dipped to USD 92.1 million in 2023 (▼15.35%), profitability remained positive at USD 2.98 million, and equity continued to rise steadily to USD 377.04 million. These trends suggest a company navigating global market pressures while still sustaining healthy financial buffers under its sole owner, Bridgestone Asia Pacific Pte. Ltd. (Singapore).

What makes BTMV intriguing is the contrast between its massive capital structure and relatively modest annual revenue. With nearly half a billion USD in charter capital and one of the largest tire plants in Vietnam, why does the revenue curve fluctuate so sharply year to year? Is the plant operating below full capacity, or is it being positioned for a future surge in production as supply chains shift in Asia?

For investors, logistics providers, suppliers, or policymakers watching the transformation of Vietnam’s industrial landscape, BTMV is an exciting company. These questions make it so. A completely updated report from VNBIS can reveal deeper operational details, production capacity, and financial signals that are not visible from the basic figures alone.