There is a rising wave of converting rubber plantations into industrial land as developers eye spots for industrial zones to capture opportunities from global value chains.
The Vietnam Rubber Group - JSC (VRG) on March 17 moved 4 billion shares coded GVR listed on the Unlisted Public Company Market (UPCoM) to the Ho Chi Minh City Stock Exchange (HoSE).
The Vietnam Rubber Group (VRG) has reported that it tapped over 25,400 tonnes of rubber latex from its farms on a total area of 22.64ha in the Cambodian province of Kampong Thom in 2018.
The Vietnam Rubber Group (VRG) held a ceremony to inaugurate its rubber latex processing plant in Thuan Chau district in the northern mountainous province of Son La on December 26.
The Ministry of Agriculture and Rural Development (MARD) inked an agreement to transfer its ownership of State capital in five State-owned agriculture enterprises (SOEs) to the Committee for Management of State Capital (CMSC) on November 15.
The uneven quality of rubber products from ‘Made in Vietnam’ factories is why local rubber products are cheaper than those from other countries, according to industry insiders.
Deputy Prime Minister Vuong Dinh Hue has requested fixing land use plans before equitisation, given that many State-owned enterprises (SOEs) are focused on land value instead of investing in their core areas.
As many as 885 agricultural enterprises were established in the first six months of 2018, raising total firms in this sector to 8,667, reported the Ministry of Agriculture and Rural Development (MARD).
The Vietnam Rubber Group (VRG) targets an 8% rise in revenues and 33% rise in pre-tax profits this year, VRG Deputy General Director Nguyen Tien Duc has said.
Vietnam currently ranks third globally in natural rubber production and export, according to the Vietnam Rubber Association.
The Vietnam Rubber Group (VRG) held a ceremony to inaugurate its rubber latex processing plant in Cambodia on January 25.
Vietnam Rubber Group (VRG) is expected to list its shares on the HCM Stock Exchange in June or July after its initial public offering on February 2.
Due to strict regulations and the erratic price of rubber, Vietnam Rubber Group (VRG) might be hindered in reaching its equitisation plan on the heels of its initial public offering (IPO) in the first quarter of 2018.
Prime Minister Nguyen Xuan Phuc has stressed the need for the State-owned Vietnam Rubber Group (VRG) to develop processing industry, thus creating value-added products.
Deputy Prime Minister Vuong Dinh Hue has approved an equitisation plan of the Vietnam Rubber Group (VRG).
The Vietnamese market will see more state-owned enterprises (SOEs) equitised in 2018, following the State’s divestment from the Sai Gon Beer Alcohol Beverage Joint Stock Company (Sabeco) and Vietnam Dairy Products Joint Stock Company (Vinamilk).
In future the revised project on vocational training for rural labourers will be based on demands from enterprises.
The Vietnam Rubber Group (VRG) has targeted annual sales of VND40 trillion (US$1.76 billion) after equitisation.
The Association of Natural Rubber Producing Countries (ANRPC) convened its 10th annual rubber conference in Ho Chi Minh City on October 23.
State-run Vietnam Rubber Group (VRG) has approved a plan to sell 25% of the company in an initial public offering, worth an estimated 12.8 billion dong (US$563 million), it said on September 26.