17-19, June 2020, HO CHI MINH CITY

VRG's revenue reached over VND 4.273 billion in 2018

Mr. Nguyen Hoang Anh at the meeting with VRG

The VRG’s report on the production, business and investment activities in 2018 shows that VRG is on the way of stable and sustainable development. Particularly, VRG's revenue was over VND 4.273/ 3.672 billion in 2018.

VRG's revenue was over VND 4.273 billion in 2018

At the meeting with VRG on 9 December, Mr. Nguyen Hoang Anh - Member of the Party Central Committee, Chairman of the State Capital Management Committee at Enterprise said that VRG developed continuously and stably during 2018. At the same time, at the meeting with delegation of the State Capital Management Committee, Mr. Huynh Van Bao - General Director of VRG reported on the production, business and investment of VRG in 2018.

Regarding the results of business production in 2018 compared with the plan assigned by Ministry of Agriculture and Rural Development in Decision No. 1209 / QD-BNN-QLDN dated 5/4/2018, the turnover of VRG’s parent company reached over VND 4.273 / 3.672 billion (116% compared to the plan). In addition, pre-tax profit reached VND 2.784/ 2,513 billion (111%), and the total VRG had 80.913 employees with an average income of VND 6.5 million / person / month.

It can be said that the achievements of the VRG has shown a postitive sign for tình hình cao su, especially in the current context of rubber prices.

Expected VRG's business plan for 2019

Mr. Huynh Van Bao said that VRG has completed equitization and officially operated as a joint stock company on 01/06/2018, with a chartered capital of VND 40.000 billion. At the same time, he said: "VRG's business plan for 2019 - joint-stock company, expected the revenue of VND 3.698 billion, profit before tax of VND 2.530 billion."

Mr. Nguyen Hoang Anh, Chairman of the State Capital Appraisal Board, highly appreciated VRG's tradition, potentials and position on the world's rubber map. He said, "VRG has secured a stable life for thousands of workers across the country, in remote and isolated areas. Especially, VRG is doing well in national defense and social security. In the upcoming time, VRG will continue to promote successfully in the past, especially the gray resources, have a stronger strategy of human resource development and apply the 4.0 technology to every worker.

Besides, it is in need to invest in research and promotion of industrial products, new products. The State Capital Management Committee will step up the work of interconnection and mutual assistance among 19 corporations and state corporations managed by the Management Board. I believe that, with its long history, current achievements, determination and flexibility, VRG will come up with future plans that will create new strength after equitization."

Rubber & Tyre Vietnam, The International Exhibition & Conference on Rubber Industry and Tyre Manufacturing anually held in Vietnam, is an ideal place for connecting, enhancing and expanding businesses. Please come to visit Rubber & Tyre Vietnam 2019, which will take place from 26th – 28th June 2019 at Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City.

 

Source: tapchicaosu.vn

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