KENDA RUBBER (VIETNAM) CO., LTD.

KENDA RUBBER (VIETNAM) CO., LTD. (CÔNG TY CAO SU KENDA VIỆT NAM) is a well-established foreign-invested enterprise in the tire manufacturing sector, operating in Vietnam since 2007. Registered under Business ID 3600248720, the company is based in Trang Bom District, Dong Nai Province, with additional factory operations in Giang Dien Industrial Park. It is a wholly owned subsidiary of KENDA RUBBER INDUSTRIAL COMPANY LIMITED (Taiwan), and employs approximately 3,000 workers.

In 2023, KENDA RUBBER VIETNAM reported sales of USD 248.18 million, marking a 5.03% year-over-year increase. More notably, its net profit surged to USD 26.55 million, a 396.67% increase compared to 2022 — a clear sign of a strong operational rebound. This profit jump is especially striking given the previous year's dip, when earnings fell to just USD 5.3 million.

Total assets, however, declined by 3.94% to USD 331.73 million, potentially due to asset write-offs or efficiency-driven restructuring. Meanwhile, owner’s equity rose by 12.94%, reaching USD 298.37 million, reinforcing the company’s solid capital base. Its working capital of USD 115.23 million also indicates healthy liquidity and operational flexibility.

Chaired by Mr. YANG, YING-MING, and managed by General Director Mr. HUANG, FONG CHOU, both Taiwanese nationals, the company operates under a centralized foreign leadership structure. Its core business involves the manufacture and trading of tires and tubes, including retreading and rebuilding services, as well as other rubber-related products.

Despite strong financials, the company should still be reviewed carefully in strategic engagements. For example, stakeholders should understand whether the recent profit surge is sustainable or tied to one-off efficiency gains or cost cuts. To that end, services from VANGUARD BUSINESS INFORMATION LLC (VBI) — including credit assessments, equity trend analysis, and operational risk reviews — are invaluable for verifying the financial reliability of a capital-intensive manufacturer like KENDA RUBBER VIETNAM.

In short, while 2023 was a comeback year, continued monitoring is essential to ensure the company maintains this momentum in Vietnam’s increasingly competitive industrial landscape.