1:34:01 PM | 3/13/2025
In 2025, Vietnam's rubber industry is poised for steady growth, fueled by rising market demand, technological advancements, and sustainable transformation. In alignment with this promising outlook, Phuoc Hoa Rubber Joint Stock Company has set many goals to elevate its position and stature in the new context.
Phuoc Hoa Rubber JSC invests heavily in technology and equipment to optimize business efficiency
The position asserted
Phuoc Hoa Rubber Joint Stock Company is a big Vietnamese rubber company based in Binh Duong province. The company lies in a rubber growing area in the Southeast region, just 65 km from Ho Chi Minh City, very convenient for transportation. Over the years, with the motto of supporting the sustainable development of the province and on its position-building momentum, Phuoc Hoa Rubber has always actively transformed strongly to promote existing core values such as intellectual resources, rubber land fund and experience in infrastructure investment.
Currently, Phuoc Hoa Rubber is managing and using rubber trees on a total area of 15,664.38 ha. The company has six farms, a mechanical processing and construction factory, eight professional departments, two union organizations (trade union and youth union) and four subsidiary companies (Phuoc Hoa - Dak Lak Rubber and Forestry Company Limited, Tan Binh Industrial Park Joint Stock Company, Phuoc Hoa - Kampong Thom Rubber Development Company Limited and Truong Phat Rubber Joint Stock Company).
With its dynamic and responsive management and operation, the solidarity and unity of all employees, Phuoc Hoa Rubber has overcome difficulties and successfully completed all assigned targets and plans. In 2024, its latex output reached 12,772 metric tons, equal to 103% of the full-year plan; rubber trees were replanted on 191.49 ha of land (100.73% of the annual plan); the purchased output was estimated at 10,000 tons (as planned); the processed output of finished latex was forecast at 22,772 tons (101.66% of the plan).
The company has also contributed to social security development. In 2024 alone, it donated VND183.05 million. Besides, its Welfare Fund spent VND200 million to support and assist people in northern provinces affected by Typhoon Yagi.
Over 50 years of development, Phuoc Hoa Rubber has always proactively figured out opportunities, advantages and difficulties; readily supported local socioeconomic development; and taken good care of the material and spiritual life of more than 2,200 employees. Mr. Nguyen Van Tuoc, General Director of Phuoc Hoa Rubber, hoped that local leaders and authorities will continue to support the company, especially in investment projects and housing programs for workers.
With practical contributions, in 2024, the company was honorably named among the Top 100 sustainable businesses and Top 50 profitable businesses in Vietnam.
“These achievements hold great significance, serving as a driving force for us to reaffirm and fulfill our commitment to development aligned with sustainable Environmental, Social, and Governance (ESG) criteria. This also proves the company's position in shaping a sustainable future and developing the national economy to be worthy of its noble title - Labor Hero in the renovation era awarded by the Party and the State,” he added.
Coupling business with environmental responsibility
Phuoc Hoa Rubber always puts a premium on investing in technology and equipment and improving business performance. The company invested in a factory to produce organic fertilizers from sludge discharged by the wastewater treatment system; installed a rooftop solar panel system to reduce grid power consumption; switched to biomass energy instead of diesel oil (DO) for latex drying; invested in a wastewater recycling and reuse system; invested in new transport vehicles and motor vehicles to replace old, damaged and degraded vehicles; and upgraded rolling lines to improve product quality.
Moreover, the company is committed to a strong transformation into industrial parks and high-tech agricultural parks, aligning with the development orientation of the rubber industry and Binh Duong province for 2021-2030 and toward 2050. At the same time, Phuoc Hoa Rubber Joint Stock Company will streamline its organizational structure, advance digital transformation, and strengthen management measures to enhance productivity and operational efficiency. The company will also adopt sustainable forest management practices in line with the Vietnam Forest Certification Scheme (VFCS)/Program for the Endorsement of Forest Certification (PEFC) national forest management system and obtain the PEFC Chain of Custody (CoC) certification for three rubber latex processing factories. Additionally, it will conduct research under the guidance of the Vietnam Rubber Industry Group to implement the PEFC European Union Deforestation Regulation (EUDR) Due Diligence System (DDS) standards to ensure compliance with EUDR regulations.
To maintain competitive advantages and fulfill the sector’s goals, Phuoc Hoa Rubber will always be active and cooperative with the locality toward green and sustainable growth.
Especially, despite facing many challenges in extreme weather and strict market requirements, the rubber industry still expects strong development in 2025. General Director Tuoc also expected the province to coordinate with central agencies to launch trade promotion programs; introduce mechanisms to encourage businesses to further apply sustainable development standards, reduce carbon emissions and build green value chains; and guide businesses to accelerate the transition from virgin material export to deep processing, and develop brands to create more added values.
“If we can overcome challenges and achieve sustainable development, the rubber industry will provide a key export of Vietnam,” he said.
By Duy Anh, Vietnam Business Forum
Vietnamese
