Da Nang Rubber Joint Stock Company (DRC) - a member unit of the Vietnam Chemical Group - has just held an inauguration ceremony for the investment project to expand the radial truck tire factory to increase capacity to 1 million tires/year. This is a key project chosen to celebrate the 14th National Congress of the Party.
Attending the ceremony were Mr. Thai Ngoc Trung - Deputy Head of the Management Board of Da Nang High-Tech Park and Industrial Zones (Da Nang High-Tech Park and Industrial Park Management Board), Mr. Nguyen Huu Tu - Deputy Secretary of the Party Committee, Member of the Board of Members, General Director of the Group, Mr. Le Hoang Khanh Nhut - Party Secretary, General Director of Da Nang Rubber Joint Stock Company and representatives of the company's leadership, representatives of partners, contractors and a large number of officers and employees of the company.
The completion and operation of the project on this occasion has profound political and social significance, demonstrating the spirit and determination of the Vietnamese industry to welcome the Party Congress.
context and meaning of the event
DRC's radial Tire Factory expansion project is a typical project to join the national atmosphere, starting and inaugurating major projects towards the 14th Party Congress. General Director of Vietnam Chemical Group Nguyen Huu Tu said that the inauguration ceremony of this project "is a milestone of special significance, marking a new development step of Da Nang Rubber Joint Stock Company, joining in the joyful and exciting atmosphere of the whole country on the occasion of the 79th anniversary of the National Resistance War (December 19, 1946 - December 19, 2025) and celebrating the 14th National Congress of the Party".
The event took place on the occasion of the simultaneous inauguration and groundbreaking of 234 key projects to celebrate the Congress. In particular, radial Hall of Da Nang Rubber Joint Stock Company is one of 79 direct television stations. This shows the practical contribution of DRC and the Group to the emulation movement nationwide to celebrate this important political event.
In addition to political significance, the event also marked the 50th anniversary of the formation and development of the Da Nang Rubber brand. The expansion of the radial tire factory to a capacity of 1 million tires/year not only marks a new step forward for the enterprise, but also affirms DRC's position as a key industrial manufacturing unit, continuing to actively contribute to the overall business results of the Vietnam Chemical Group as well as promote local economic development.
Vietnam Chemical Group orients and accompanies key projects
At the inauguration ceremony, Mr. Nguyen Huu Tu - Deputy Secretary of the Party Committee, Member of the Board of Members, General Director of Vietnam Chemical Group - directly attended and gave a speech, expressing his appreciation for the efforts of Da Nang Rubber Joint Stock Company in the project implementation process. The General Director of the Group emphasized that in the context of the tire industry facing many competitive pressures and strong fluctuations in the market, raw materials and technology, the completion and operation of the radial truck tire factory expansion project by DRC is a very remarkable result.
With a total approved investment of about 916 billion VND, the project has been implemented methodically and drastically, ensuring requirements on quality, safety and efficiency. Raising the factory capacity to 1 million tires/year not only expands production scale, but also creates an important shift in growth quality, contributing to improving competitiveness, expanding the market and enhancing the ability to participate more deeply in the global value chain of Vietnamese tire products.
On behalf of the group's leadership, Mr. Nguyen Huu Tu acknowledged the sense of responsibility, solidarity and efforts of the DRC staff and workers in both organizing and implementing the project on schedule and maintaining stable production and business activities in the context of many market fluctuations.
The General Director of the Group affirmed that the Vietnam Chemical Group will continue to accompany and support the company in the next development stage, in order to promote investment efficiency and make more positive contributions to the socio-economic development of Da Nang City and Vietnam's industrial sector.
Socio-economic impact of the project on Da Nang and the industrial sector
The expansion of the radial Tire Factory to a capacity of 1 million tires/year is expected to bring positive socio-economic impacts to Da Nang City as well as the domestic tire hammock industry. According to the implementation plan, when the project comes into stable operation, DRC will create more jobs for local workers, while significantly increasing revenue and contributing to the State budget, thereby contributing to promoting economic growth and improving workers' lives.
More importantly, the completion of the project has created more growth momentum not only for Da Nang Rubber Joint Stock Company but also for the entire Vietnam Chemical Group and the Vietnamese technical rubber industry. General Director of Vietnam Chemical Group Nguyen Huu Tu affirmed that the project contributes to stabilizing and improving the lives of workers, promoting the socio-economic development of Da Nang City, while demonstrating a pioneering role in increasing the localization rate and affirming the autonomous production capacity of Vietnamese enterprises.
With expanded production capacity, DRC has the conditions to better meet the demand for high-quality domestic truck tires, reduce dependence on imports and gradually expand export market share, consolidate the position of Vietnamese tire brands in the international market. In addition, the project also contributes to promoting the development of related industries, especially supporting industries and domestic raw material supply chains, thereby creating a positive spillover effect, contributing to the sustainable development of the locality and the national industry.
Through the inauguration ceremony of the project to expand the radial Tire Factory to 1 million tires/year, Da Nang Rubber Company has marked an important success, not only for the enterprise but also for the Vietnam Chemical Group and Da Nang City. This event affirms the strong efforts of a Vietnamese industrial brand, while demonstrating the effectiveness of the Group's leadership, support and support from authorities at all levels. With a solid new foundation, DRC is expected to continue to develop sustainably, firmly affirming its position as the leading tire manufacturer in Vietnam on the journey to conquer higher goals in the future.
