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
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.
Vietnam Rubber Group (VRG) will offer 25 per cent of its capital during its upcoming initial public offering (IPO), scheduled in the second quarter of 2017, the group has announced.
The Vietnam Rubber Group (VRG) yesterday affirmed that it took its
responsibility for its investment in Cambodia and Laos very seriously
and ensured it was used for the sustainable development of the two
countries.