H.A Tire Vina Co., Ltd is a foreign owned tire manufacturer operating within Vietnam’s growing industrial rubber sector. Established in 2013, the company specializes in the production of bicycle and vehicle tires, rubber tubes, and related rubber goods. Operating from the Phuoc Dong Industrial Park in Tay Ninh Province, the business has developed into a sizeable production base with two thousand employees and an expanding manufacturing footprint. Throughout more than a decade of operation, H.A Tire Vina Co., Ltd has integrated modern machinery, export oriented production lines, and long term supply contracts that support its role within the regional tire supply chain. In 2023, the company recorded USD 76.64 million in net sales.

The company is led by Mr. Jacob Junawan Jung, an experienced Indonesian executive who serves as Chairman and General Director. He oversees manufacturing operations, international supply relationships, and corporate governance. Ms. Nguyen T. T. Tam serves as Chief Accountant, responsible for financial supervision and compliance. Ownership is fully held by Hung-A Indonesia PT, which controls one hundred percent of the charter capital. This corporate structure places H.A Tire Vina Co., Ltd within a larger multinational manufacturing ecosystem focused on rubber and tire production across Asia.

Operational Scale and Production Capacity

H.A Tire Vina Co., Ltd has expanded its asset base significantly over the past several years, with total assets rising to more than eighty million dollars as shown on page one of the report. This growth reflects continued investment in machinery, production facilities, and industrial infrastructure. The large manufacturing workforce and multi plot operational site allow for high volume output, positioning the company as a capable supplier to both domestic and export markets.

Revenue Volatility and Market Conditions

The company experienced a sharp decline in sales in 2023, falling more than thirty six percent year over year. As indicated by the sales trend chart on page one, this marks a reversal from earlier expansion and reflects the broader slowdown in global rubber demand. Manufacturers in the tire segment often face fluctuations tied to input prices, foreign exchange movements, and order timing from major distributors. The 2023 contraction suggests a period of recalibration within the company’s production cycle.

Profitability Pressures and Cost Structure

Profit performance deteriorated significantly in 2023, moving from a positive result to a net loss of more than one point seven million dollars. Page one of the report shows profit falling more than two hundred twenty eight percent year over year. This downturn highlights the sensitivity of the company’s margin structure to shifts in global rubber costs, energy consumption, and fixed manufacturing overhead. The ability to manage cost efficiency will be critical to restoring profitability as market conditions stabilize.

Working Capital and Financial Structure

Working capital remains negative at nearly twenty five million dollars, a structural characteristic common in large scale manufacturing businesses operating with heavy investment cycles. While the company retains more than fifteen million dollars in equity, the combination of negative working capital and declining profitability underscores the importance of strengthened liquidity planning. The parent company’s support and funding capacity play a meaningful role in this context, given its one hundred percent ownership.

H.A Tire Vina Co., Ltd remains a notable participant in Vietnam’s industrial rubber sector. Its production scale, established labor force, and multinational backing provide a solid foundation for long term operations. The company’s future performance will depend on the recovery of external demand, stabilization of raw material prices, and enhanced operational efficiency as global tire markets continue to adjust.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides comprehensive business intelligence solutions to support investors, suppliers, and industry partners evaluating H.A Tire Vina Co., Ltd.

VNBIS services include:

• Company Credit Reports assessing solvency, liquidity, and financial structure
• Risk Management Solutions analyzing exposure to raw material cycles, market demand shifts, and operational performance
• Business Verification and Due Diligence Reports confirming ownership, governance, and regulatory compliance

For the most updated financial data, risk indicators, and complete analytical insights, clients are encouraged to obtain the VNBIS Company Comprehensive Report at www.vnbis.com.