Vietnam Rubber Group Joint Stock Company has unveiled its Green Growth and Sustainable Development Strategy for 2023–30 that encompasses three goals: economic development, environmental protection and social responsibility.
The selling price of rubber experienced a period of strong fluctuations in the second quarter when it recovered in June and then decreased rapidly in July.
Viet Nam’s largest rubber corporation logged a total of VND9.28 trillion (nearly US$400 million) from leasing its properties to companies, ndh.vn reported.
The group is striving for more than VND5.78 trillion ($250 million) in post-tax profit, up 13 per cent year-on-year, contributing some VND3 trillion to the State budget.
The Vietnam Rubber Group (VRG) plans to reduce its output due to a sharp decrease in the price of rubber in the market after it is completely transferred to the Committee for State Capital Management (CMSC
Many State-owned enterprises (SOEs) are finding it difficult to seek strategic investors post-equitisation and have decided to retain the shares or sell them to the public.
Viet Nam Rubber Group targets an 8 per cent rise in revenues and 33 per cent rise in pre-tax profits this year, Nguyen Tien Duc, its deputy general director, said on February 7.
Prime Minister Nguyen Xuan Phuc asked the Ministry of Public Security (MPS) to handle suspected financial violations by the Vietnam Rubber Group (VRG) prior to the company’s intended initial public offering.
The Ministry of Agriculture and Rural Development (MARD) has valued the Vietnam Rubber Group (VRG), the country’s largest rubber company, at VND4 trillion (US$177.78 million), not including its land, marking another step toward its equitisation by the end of 2017.
VRG Dongwha JSC on Monday began operations at its VND1.55 trillion (US$70 million) medium-density fibreboard (MDF) plant in the southern province of Binh Phuoc.