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.
VRG-branded products reached 255,407 tonnes last year, accounting for 68 per cent of the group''s total output, from just 20,790 tonnes recorded in 2018.
The Vietnam Rubber Industry Group JSC reported VND21.17 trillion (US$915.6 million) in revenue and VND5.23 trillion in post-tax profit in 2020, year-on-year increases of 6.9 per cent and 36.4 per cent, respectively.
Despite the difficulties caused by the Covid-19 pandemic and natural disasters that directly affected it, the Việt Nam Rubber Group achieved its revenue and profit targets for 2020.
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 Viet Nam Rubber Group JSC (VRG) plans to invest in tyre and tube production via mergers and acquisitions (M&As) over affiliate companies of the Viet Nam Chemical Group (Vinachem).