DONGIL RUBBER BELT VIET NAM CO., LTD

Located in Binh Duong’s My Phuoc 2 Industrial Park, DONGIL RUBBER BELT VIET NAM CO., LTD. is a wholly foreign-owned enterprise operating under the 100% ownership of DRB International Co., Ltd. from South Korea. Established in May 2006, this one-member limited liability company has been supplying industrial rubber products for nearly two decades, specializing in belts, conveyor belts, and rubber crawlers for manufacturing and heavy industry applications.

At the leadership level, the company is guided by General Director Mr. Park J., a South Korean national, with operational oversight supported locally by Chief Accountant Mr. Le Q. V. DRB Vietnam currently employs around 700 staff, ensuring large-scale production capacity across its facilities in both Binh Duong and Hanoi.

Despite experiencing a contraction in 2023 after a high-growth phase, DRB Vietnam remains a formidable player in its sector. Total assets slightly declined to USD 89.3 million, reflecting a 4.5% drop from the previous year. However, owner’s equity increased to nearly USD 39.4 million, indicating retained earnings and a strengthened capital structure. Sales fell to USD 116.5 million, a 17% decrease year-over-year, which also impacted profits, down to USD 3.92 million from over 4.7 million the year before. The company’s working capital rose by over 21%, showing improved liquidity and short-term financial health.

DRB Vietnam’s registered business activities include rubber manufacturing, plastics, synthetic rubber production, wholesale trade, and various industrial support services. This diversified scope allows the company to adapt its output to domestic and export demands, particularly as Vietnam continues to serve as a strategic manufacturing hub in Asia.

While the recent decline in revenue and profit reflects broader industry headwinds, DRB Vietnam’s long-standing presence, continued capital growth, and backing by a major Korean industrial group underscore its resilience. As the market stabilizes, the company appears well-positioned to regain momentum and maintain its role as a trusted supplier in the rubber and conveyor belt segment