KUMHO TIRE (VIETNAM) CO., LTD

KUMHO TIRE (VIETNAM) CO., LTD, legally registered under Business ID 3700747000, is a foreign direct investment (FDI) enterprise operating actively in Vietnam's manufacturing sector for nearly two decades. Established on September 5, 2006, and headquartered at Lot D-3-CN, My Phuoc 3 Industrial Park, Thoi Hoa Ward, Ben Cat City, Binh Duong Province, the company specializes in the production and trade of rubber tires and tubes, including retreading and rebuilding services. It also manufactures plastics, synthetic rubber, and other rubber products, contributing significantly to Vietnam’s industrial output.

The latest Company Report provided by Vanguard Business Information LLC (VBI) indicates that KUMHO TIRE (VIETNAM) CO., LTD maintains an active operational status, supported by more than 1,000 employees across its head office, factory, and representative offices in Ho Chi Minh City and Hanoi. Legally structured as a limited liability company, it boasts a charter capital of approximately USD 172.19 million, with a paid-up capital by the end of 2023 reaching USD 175.83 million. Its ownership is divided between two shareholders: Kumho Tire (H.K) Co., Ltd. holding 57.59% and Hongkong Doublestar International Industry Co., Limited with 42.41%, both based in Hong Kong, China.

According to VBI’s verified Financial Data, the company recorded impressive growth across all key financial indicators in 2023. Total assets rose to USD 555.35 million, an increase of 19.71% compared to 2022. Sales revenue surged to USD 359.49 million, up 57.37%, reflecting robust market demand and operational efficiency. The most notable achievement was its profit margin, which soared to USD 43.26 million, a stunning 385.28% increase year-over-year. Owner’s equity strengthened to USD 275.29 million, showing a steady 11.05% growth. These positive trends highlight the company’s strong financial standing, making it an important case study in effective Risk Management and sustainable corporate growth.

The leadership team at KUMHO TIRE (VIETNAM) CO., LTD is headed by General Director Mr. Kim Hyun Ho, a South Korean national, and Chief Accountant Ms. Ho Thi Thanh Huyen, a Vietnamese professional. This international-local leadership combination is a strategic asset, ensuring operational excellence while maintaining cultural and regulatory compliance within Vietnam. VBI’s Business Verification Service confirms the professionalism and credibility of these key personnel, essential information for investors and business partners evaluating potential collaborations.

Despite the highly competitive nature of the rubber and tire industry, KUMHO TIRE (VIETNAM) CO., LTD has demonstrated resilience and expansion, supported by sound financial management and strategic market positioning. Access to a detailed Company Report, such as the one prepared by Vanguard Business Information LLC (VBI), is crucial for any entity aiming to engage with KUMHO either as a supplier, partner, or client. Comprehensive Risk Management assessments and accurate Financial Data analyses provided by VBI offer stakeholders the transparency needed to make informed, confident decisions in today's dynamic business environment.