On the morning of December 19, 2025, Danang Rubber Joint Stock Company (DRC) – a member unit of Vietnam National Chemical Group (Vinachem) – organized the Inauguration Ceremony for the Investment Project expanding the Radial Truck Tire Plant to a capacity of 1 million tires/year. This was a key project selected to welcome the 14th National Congress of the Party. Attending the ceremony, on behalf of Da Nang City Leadership, was Mr. Thai Ngoc Trung - Deputy Head of the Authority of Da Nang Hi-Tech Park and Industrial Zones; on behalf of Vietnam National Chemical Group, was Mr. Nguyen Huu Tu – Deputy Secretary of the Party Committee, Member of the Member Council, General Director of the Group; on behalf of Danang Rubber Joint Stock Company, was Mr. Le Hoang Khanh Nhut – Secretary of the Party Committee, General Director of the Company, together with members of the company executive leadership, partners, contractors, and numerous enterprise cadres and employees.
Completing and commissioning the project on this occasion carries profound socio-political significance, demonstrating the vigor and resolve of Vietnam's industrial sector welcoming the Party Congress.
DRC's Radial Tire Plant expansion project is an exemplary project joining the nationwide enthusiasm of commencing and inaugurating major undertakings towards the 14th Party Congress. According to remarks by General Director of Vietnam National Chemical Group Nguyen Huu Tu, this inauguration ceremony “is a milestone of especially vital importance, marking a new stage of growth for Danang Rubber Joint Stock Company, harmonizing with nationwide celebration commemorating the 79th anniversary of National Resistance Day (December 19, 1946 – December 19, 2025) and welcoming the 14th National Congress of the Party”.
The event took place at the very moment the nation simultaneously inaugurated and commenced 234 key projects celebrating the Congress. Among these, the Radial Auditorium of Danang Rubber Joint Stock Company was selected as one of 79 live broadcast points nationwide. This highlights the practical contributions of DRC and Vinachem to the national emulation movement.
Alongside political significance, the event also marks the 50-year milestone of establishment and development of the Da Nang Rubber brand. Expanding the radial tire plant to a capacity of 1 million tires/year not only recognizes the enterprise's maturation, but also solidifies DRC's standing as a flagship industrial manufacturer, continually contributing positively to the overall business results of Vinachem as well as local economic growth.
Mr. Nguyen Huu Tu – Deputy Secretary of the Party Committee, Member of the Member Council, General Director of the Group delivering remarks
Strategic Guidance and Support for the Key Project
With an approved total capital investment of approximately VND 916 billion, the project was executed methodically and decisively, ensuring quality, safety, and efficiency requirements. Raising plant capacity to 1 million tires/year not only expands manufacturing scale, but also drives a crucial transformation in quality of growth, boosting competitiveness, expanding markets, and deepening participation in global value chains for Vietnamese tire products.
On behalf of Group Leadership, Mr. Nguyen Huu Tu commended the dedication, solidarity, and relentless efforts of DRC's workforce in simultaneously maintaining project execution on schedule and ensuring stable business operations amid volatile market conditions. The General Director affirmed that Vinachem will continue to support the Company in future growth phases, maximizing investment returns and contributing actively to the socio-economic development of Da Nang City and Vietnamese industry.
Socio-Economic Impacts on Da Nang City and the Industrial Sector
Expanding the Radial tire plant to 1 million tires/year is projected to generate profound socio-economic impacts for Da Nang City and the domestic tire manufacturing industry. Under operational plans, when running stably, DRC will create additional employment for local workers, significantly increase revenues, and enhance State budget contributions, stimulating economic growth and elevating worker living standards.
Crucially, project completion injects fresh growth momentum not only for Danang Rubber Joint Stock Company, but for all of Vinachem and Vietnam's technical rubber industry. Vinachem General Director Nguyen Huu Tu affirmed that the project fosters worker livelihoods, stimulates local socio-economic growth, and exemplifies pioneering leadership in enhancing domestic localization rates and manufacturing self-reliance.
With expanded manufacturing capacity, DRC is well-positioned to fulfill domestic demand for high-quality commercial truck tires, decrease import reliance, and steadily expand export market share, cementing the Vietnamese tire brand internationally. Furthermore, the project spurs supporting industries and domestic raw material supply chains, generating widespread positive ripple effects for local and national industrial development.
Through the inauguration of the 1 million radial tires/year plant expansion project, Danang Rubber Joint Stock Company has achieved a momentous triumph, not only for the enterprise itself but also for Vietnam National Chemical Group and Da Nang City. This milestone attests to the vigorous ascendancy of a Vietnamese industrial brand, demonstrating the efficacy of Group guidance and municipal government support. Backed by this solid foundation, DRC is poised for sustainable future growth, firmly consolidating its position as Vietnam's premier tire manufacturer on its journey to conquer higher horizons.
