Van Loi Kon Tum Joint Stock Company (Vietnam)

Founded in 1999, the subject was initially a limited liability company and changed to a joint stock company in Aug 2021. The company specializes in the manufacture of natural rubber such as SVR 3L, SVR 10, SVR 5, RSS… In our interview, an accountant said more than 95% of the products are for export, mainly serving the tire production industry. Currently, China is the main export market with a proportion of about 90%. Besides the manufacturing field, the subject is investing in building a 5-star standard hotel named DAK BLA at Bach Dang - Phan Dinh Phung Street, Kon Tum City. Kon Tum Province. It started construction in November 2023 and is expected to be completed in early 2026.Regarding the financial data, the total sales of the company were large and increased significantly to more than VND 17 trillion in 2022. As shared, this was thanks to the increase in rubber prices. Accordingly, profit after tax more than doubled compared to 2021, reaching VND 41.4 billion. The accountant said its business results continued to grow in 2023 owing to a stable market and high rubber prices.