Prime Minister Nguyen Xuan Phuc (R) visits the Vietnam Rubber Group (Source: VNA)HCM City (VNA) – Prime Minister Nguyen XuanPhuc has stressed the need for the State-owned Vietnam Rubber Group (VRG) to develop processingindustry, thus creating value-added products.
During talks with VRG management and workers on January 5, theGovernment leader appreciated efforts made by the group in maintaining productionand business, while ensuring jobs for nearly 90,000 workers in the context of falling rubber latex price.
He asked the group to renovate management and push equitisation and restructuring in the spirit of transparency andpublicity, to ensure no loss of state capital.
Attention should also be paid to improving living standards of workers,especially women, he noted.
The PM required the group to build a specific action plan to successfullyimplement the group’s production and business plan in 2018.
The Vietnam Rubber Group (VRG),one of the biggest economic groups in Vietnam, posted 3.6 trillion VND (158.7million USD) in after-tax profit in 2017. It is activelypreparing for its upcoming initial public offering (IPO) in the first quarterof this year.
In November last year, the VRG’sfive-year production and business plan for 2016-2020 received government’sapproval. The plan targets an average annual growth of 18 percent during theperiod, with total revenue surpassing 40 trillion VND (1.76 billion USD) andprofit of around 9 trillion VND (409 million USD) by 2020.-VNA
During talks with VRG management and workers on January 5, theGovernment leader appreciated efforts made by the group in maintaining productionand business, while ensuring jobs for nearly 90,000 workers in the context of falling rubber latex price.
He asked the group to renovate management and push equitisation and restructuring in the spirit of transparency andpublicity, to ensure no loss of state capital.
Attention should also be paid to improving living standards of workers,especially women, he noted.
The PM required the group to build a specific action plan to successfullyimplement the group’s production and business plan in 2018.
The Vietnam Rubber Group (VRG),one of the biggest economic groups in Vietnam, posted 3.6 trillion VND (158.7million USD) in after-tax profit in 2017. It is activelypreparing for its upcoming initial public offering (IPO) in the first quarterof this year.
In November last year, the VRG’sfive-year production and business plan for 2016-2020 received government’sapproval. The plan targets an average annual growth of 18 percent during theperiod, with total revenue surpassing 40 trillion VND (1.76 billion USD) andprofit of around 9 trillion VND (409 million USD) by 2020.-VNA
VNA
