RK RESOURCES CO., LTD

Founded in 2007, RK Resources Co., Ltd is a foreign invested manufacturer specializing in household furniture, including tables, chairs, cabinets, shelves, and sofa components. The company operates in Binh Duong Province, one of Vietnam’s strongest industrial clusters for wood and furniture production, supported by an extensive ecosystem of export oriented factories and raw material suppliers.

With a workforce of approximately 3,200 employees, RK Resources has developed the scale required for high volume manufacturing for global markets. The company’s production capability covers both finished products and furniture components, enabling flexibility in responding to different buyer specifications and export orders across North America, Europe, and Asia.

An interesting feature of RK Resources’ operations is its integration under Latitude Tree Vietnam Joint Stock Company, which owns 100 percent of the company. This connection places RK Resources within one of Asia’s established furniture manufacturing groups, supporting technology transfer, product design capability, and access to major international buyers.

Leadership and Shareholders

RK Resources is led by Lin C. J. F., Chairwoman, who oversees corporate governance, strategic direction, and investor relations. Daily operations and production oversight are managed by Lu C. C., General Director, whose responsibilities include manufacturing efficiency, workforce management, and quality assurance across all product lines.

Financial coordination and compliance are implemented through the company’s accounting and administrative teams under foreign invested governance standards. Charter capital was reported at USD 2.99 million, while paid up capital reached USD 3.94 million, indicating continuing capital support from the parent entity.

The company’s sole shareholder is Latitude Tree Vietnam Joint Stock Company, which holds 100 percent ownership. As part of a regional furniture manufacturing group, this ownership structure provides RK Resources with access to supply chain networks, product development capability, and consolidated export channels.

Financial Growth and Market Risks

In 2023, RK Resources recorded revenue of approximately USD 80.95 million, representing an eighteen percent decline compared with the prior fiscal year. Total assets fell sharply, while equity increased, reflecting a shift in capital structure and internal reinvestment. Profit also decreased due to weaker export demand and price pressure in key markets. Working capital improved but liquidity conditions remain sensitive to inventory cycles and raw material costs.

The company operates in a sector affected by global consumer spending trends, rising logistics costs, and competitive pricing in export markets. Fluctuations in raw material prices such as rubberwood, MDF, and accessories directly influence production margins. Additionally, changes in environmental regulations, labor compliance requirements, and buyer procurement criteria add operational complexity. A detailed assessment of liquidity, cost structure, risk exposure, and long term financial resilience is provided in the VNBIS Company Comprehensive Report for clients requiring an in depth evaluation.

Business Intelligence and Risk Outlook

RK Resources benefits from its location within Binh Duong, which provides strong access to labor, supporting industries, and export infrastructure. Its connection to a larger furniture manufacturing group strengthens its market reach and ability to secure stable orders from international retailers.

Future performance will depend on the company’s ability to adapt to evolving consumer demand, invest in product innovation, and manage input cost volatility. Vietnam continues to be a competitive base for furniture exports, but companies must maintain efficiency, upgrade machinery, and improve environmental compliance to remain competitive. RK Resources’ scale, ownership structure, and position within an integrated group give it operational stability as the global furniture market shifts.

VNBIS Support and Business Services

Vanguard Business Information LLC (VNBIS) provides a comprehensive range of professional business intelligence solutions to support investors and partners in evaluating RK Resources Co., Ltd and its financial and operational standing.

VNBIS services include:

• Company Credit Reports evaluating solvency, liquidity, and financial health
• Risk Management Solutions analyzing market exposure, capital structure, and profitability trends
• Business Verification and Due Diligence Reports confirming ownership, compliance, and governance records

Through these services, VNBIS enables clients to make secure, transparent, and data driven business decisions.