Rang Dong's Green Technology Stimulates Strong Earnings

The Hanoi-based manufacturer, fully known as the Rang Dong Light Source and Vacuum Flask Joint Stock Company and which has already been the country's leading producer of LED products and provider of smart lighting solutions, began the digital transformation process in 2019 amid a lack of case study examples.  

Hence the company, while having been determined, has taken "highly cautious steps" and worked out the main development theme for each of the three phases during the 2020-2025 period, the review cited Rang Dong's Deputy Chief Executive Officer Nguyen Doan Ket as saying. 

The three phases included start and digitalization in 2020-2021, partial sychronization in 2022-2023 and extended partial and overall synchronization in 2024-2025, said the review published on Rang Dong's website. 

Thanks to the development success, Rang Dong has posted robust revenue growth, having expanded 15-20 percent a year in the 2019-2023 period, doubling the 8-10 percent rate in the previous four years ending 2018. It has targeted 2024 revenue growth to accelerate to 32 percent, from a rise of 20.4 percent last year. 

In the first half of 2024, Rang Dong's net revenues jumped 35 percent from a year ago to 4.95 trillion dong (nearly USD 200 million), doubling the annual revenue growth in the same period in 2023, based on the company's financial reports. 

Rang Dong's green technology has been applied in the production and supply of high-tech products and services as part of complete systems, such as the smart lighting system for smart homes, the smart street lighting system in a smart city, and smart lighting in agriculture. 

Additionally, Rang Dong has integrated Artificial Intelligence (AI) into its product ecosystem, enabling control via smart phones, voice and behavior recognition. 

In terms of renovating production, the company has introduced robotics in production lines to raise efficiency. 

All of its factories now operate with smart factory applications, reducing inventory value by a third, which has led to huge savings from monthly interest costs. 

The smart factory operation has helped raise Rang Dong’s product quality, which have been exported to a number of markets, including the United States, Japan, South Korea and Canada. 

Should you have any questions or request a quotation of Rang Dong products, please send us an email to: export@rangdong.com.vn. 

Websites: en.rangdong.com.vn and vacuumflask.rangdong.com.vn