Recently, Rang Dong Holding Joint Stock Company (Rang Dong Plastic, stock code RDP) has continuously appeared in newspapers with information from bad to very bad: Losing to file a lawsuit to compensate Japanese partner for 157 billion VND, the total debt payable exceeds 1,700 billion VND. Workers quit their jobs en masse. The entire Board of Directors resigned. Stocks plummet to VND1,300/share, existing risk of bankruptcy...
However, in that information flow, a notable phenomenon has occurred: Many Vietnamese users confuse Rang Dong Plastic (RDP) with Rang Dong Water Protein Ball Joint Stock Company (RAL) - a famous light bulb and waterproofing manufacturer for decades.
This confusion not only caused misunderstandings about the nature of the matter but also sparked interesting debates about two brands of the same name.
On social networks such as Facebook and online forums, many users have expressed their surprise when reading the news about "Rang Dong".
Accountant Nguyen Hai Anh wrote: "Is the East bankrupt? It's a pity that the legend of light bulbs and water posters was once used by everyone? ".
Another comment on the financial fanpage wondered: "What is Rang Dong plastic? I thought Rang Dong would only make light bulbs with water billboards! ".
These responses show that a large part of the people still think that "Rang Dong" has only one brand - a company that produces light bulbs and water billboards.
According to the reporter's research, the confusion is not unfounded. Both companies are named "Rang Dong", both have a long history (established in the 1950-1960s), and were once familiar names in Vietnamese people's lives.
However, when Rang Dong Plastic (RDP) fell into a serious financial crisis in 2024-2025, many people immediately identified the image of thermal water posters or compact bulbs - products that are not related to RDP.
To clarify the difference, let's look at the comparison table below:
From the above table, it can be seen that the two companies are not only different in their industries but also far apart in geography and business status.
The main cause of the confusion lies in the brand "Rang Dong" - an iconic name, associated with the childhood memories of many Vietnamese people.
With the 7x and 8x generations, "Rang Dong" is reminiscent of posters with lotus and bamboo motifs or warm round light bulbs in each house.
Rang Dong plastic (RDP) is also famous for products such as raincoats or leather fake, but is less widely known for RAL in daily life.
Thus, while Rang Dong Plastic faces the risk of ending a journey of more than 60 years, Rang Dong Phich Dak Lam Volleyball still maintains a solid position thanks to the continued increase in demand for LED lights and electronic devices.
The latest financial report shows that in 2024, the enterprise will achieve revenue of VND 8,357 billion; at the same time, pioneering the application of 4.0 technology in business and production.
On March 1, speaking with Lao Dong, a representative of Rang Dong Water Phosphate Lamps Company admitted that the mistake had caused some trouble for the unit in the past time.
"When the incident of Rang Dong Plastic Company was posted in the media, many partners, customers, and relatives also contacted us. After explaining, they understood and were reassured. However, we cannot explain to everyone at the same time.
We also posted an article on the company's homepage explaining this difference," the representative said.
