Vinachem, Hateco Discuss Rubber Supply for $1.7B Lien Chieu Port; DRC to Benefit

Overview

Vinachem (Vietnam Chemical Group) and Hateco Group have held discussions on supplying technical rubber products for the $1.7 billion Lien Chieu container port project in Da Nang. DRC, a Vinachem subsidiary listed on HOSE, showcased its capabilities in producing specialized rubber products for ports and marine works, positioning itself as a potential supplier for the mega-project.

Key Facts

• The Lien Chieu container port project has a total investment of over $1.7 billion.
• The port covers approximately 172.6 hectares and is designed for a capacity of 5.7 million TEUs per year (about 74 million tons of cargo).
• By 2030, the port’s throughput is expected to reach 14.25-36.3 million tons per year.
• The port will have 8 container berths with a total quay length of about 2,750 meters, capable of handling vessels up to 18,000 TEU.
• Vinachem and Hateco Group held a working session on May 29, 2026, to discuss cooperation on technical rubber supply.
• DRC’s General Director Le Hoang Khanh Nhut presented the company’s production capabilities and product lines for ports, marine, and heavy industry.
• DRC specializes in fenders, rubber bearings, and other technical rubber components for ports and marine structures.

What Happened

On May 29, 2026, Vinachem and Hateco Group held a working session to discuss the supply of technical rubber products for the Lien Chieu container port project in Da Nang. The project, with a total investment of over $1.7 billion, is a key infrastructure development in central Vietnam. Hateco Group, a multi-sector company with interests in logistics, infrastructure, and ports, is the developer.

During the meeting, DRC’s General Director Le Hoang Khanh Nhut introduced the company’s manufacturing capabilities, experience, and product lines for ports, marine, and heavy industry. DRC specializes in fenders, rubber bearings, and other technical rubber components essential for port and marine structures. Both sides expressed optimism about the potential cooperation, emphasizing that using domestically produced technical rubber products would increase localization rates in large infrastructure projects.

Market Context

DRC closed at VND 12,950 on May 29, 2026, up 2.78% with a volume of 565,300 shares. The stock has been under pressure in recent months due to weak demand in the domestic rubber sector. However, the potential supply deal for the Lien Chieu port project could provide a significant catalyst for DRC’s revenue and earnings, as the company is a leading producer of technical rubber products in Vietnam. The broader market has been volatile, with infrastructure stocks gaining attention due to increased government spending on public works.

Strategic Significance

For DRC, securing a role in the Lien Chieu port project would mark a major step in expanding its presence in the marine and port infrastructure segment. The company’s technical rubber products, including fenders and bearings, are critical components for port construction. This partnership aligns with Vietnam’s push for localization in large-scale infrastructure projects, potentially reducing reliance on imports. For Vinachem, the cooperation strengthens its downstream integration and showcases the capabilities of its subsidiaries in high-value industrial applications.

What to Watch

• Formal signing of a supply agreement between Vinachem/Hateco and DRC.
• DRC’s Q2 2026 earnings report for any revenue contribution from the project.
• Progress of the Lien Chieu port construction timeline and any changes in scope.
• Competitor bids or alternative suppliers for technical rubber products.
• Government approvals and financing milestones for the port project.