Rang Dong Holding Joint Stock Company (stock code: RDP) has received a bankruptcy procedure opening decision from the Ho Chi Minh City People’s Court on June 25, 2025. This decision follows a request from Rang Dong Films, indicating that Rang Dong Holding has lost its ability to pay as stipulated in the 2014 Bankruptcy Law. Within 30 days of the announcement, creditors must submit their claims to the appointed managing enterprise as directed by the Court. Established around 1960-1975, Rang Dong Holding is one of the first plastic companies in Vietnam. In 2023, the company reported a loss of 146.7 billion VND despite a revenue of 2,593.7 billion VND, with an additional loss of nearly 64.6 billion VND in the first half of 2024. As of June 2024, total assets had fallen to about 1,996 billion VND, with debts reaching 1,716.6 billion VND, 6.1 times the owner’s equity. RDP shares are currently under warning and suspended from trading for violating information disclosure obligations.
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