HIEP THANH RUBBER INDUSTRIES CORPORATION

HIEP THANH RUBBER INDUSTRIES CORPORATION has operated for more than 21 years as a specialized manufacturer and trader of natural rubber and synthetic rubber products in Binh Duong Province. From its industrial base in Bau Bang District, HIEP THANH RUBBER INDUSTRIES CORPORATION participates directly in Vietnam’s rubber and plastics upstream supply segment, serving both domestic industrial buyers and export oriented trading partners. The company represents a typical long running industrial enterprise built on production continuity and commodity based revenue flow.

Ownership Structure and Executive Command

The company operates as a privately held joint stock corporation with concentrated family ownership. Mr. Tran Van Gioi serves as both Chairman and General Director, holding the largest controlling stake within the shareholder group. The remaining shares are distributed among close related shareholders. This ownership model reflects centralized decision making authority and close alignment between ownership and daily operations. With a workforce of about 100 employees, governance remains compact and strongly execution driven.

Core Industrial Role and Business Scope

HIEP THANH RUBBER INDUSTRIES CORPORATION focuses on the manufacturing of plastics and synthetic rubber in primary forms, alongside the trading and processing of natural rubber and rubber latex. The company also maintains registered activities in agricultural raw material trading, wholesale of scrap and industrial waste, road freight transport and fuel related distribution. From a director perspective, this wide registration reflects a vertically supportive structure designed to control input sourcing, processing and logistics within the rubber value chain.

One Financial Signal Requiring Board Attention

In 2023, HIEP THANH RUBBER INDUSTRIES CORPORATION recorded revenue of about $73.39 million. Compared with the prior year, revenue declined. At board level, this movement reflects softer rubber market demand and pricing pressure across both domestic and export channels. While revenue remains large in absolute scale, the downward trend signals tightening margins and the need for continued inventory and cash flow discipline.

Capital Structure and Operating Discipline

Despite stable asset scale, the company continues to operate with relatively thin equity compared with total assets. Recent years also show a return to profitability after a period of heavy losses. From a director standpoint, this places strict priority on cost control, production efficiency and tight receivables management. In commodity processing industries such as rubber, earnings volatility is structural, and capital preservation becomes a central operating objective.

Counterparty Risk and Institutional Monitoring

HIEP THANH RUBBER INDUSTRIES CORPORATION is primarily evaluated by partners not on brand visibility but on payment behavior, shipment reliability, product quality consistency and contract settlement discipline. For lenders and large trading partners, the company is viewed as a working capital intensive processor operating in a price sensitive commodity cycle where liquidity management defines counterparty risk more than revenue scale itself.

VNBIS Perspective and Why the Full Report Is Essential

This public director level overview introduces HIEP THANH RUBBER INDUSTRIES CORPORATION without exposing sensitive shareholder arrangements, banking relationships or internal risk metrics. The full VNBIS Company Comprehensive Report provides verified insight into ownership concentration, multi year financial performance, liquidity behavior, solvency stress indicators and payment risk signals. For banks, institutional buyers and strategic partners who require full board level clarity before engagement, THE FULL VNBIS REPORT IS AVAILABLE AT www.vnbis.com