The Vietnam Rubber Group (VRG) is a state-owned economic conglomerate established through the restructuring of the Vietnam Rubber Corporation.
Vietnam Rubber Group (VRG) operates in a multi-sector domain, with rubber planting, care, extraction, and processing as its main business. The group closely integrates cultivation, extraction, production, and business operations with science, technology, and training. It aims to be a core force driving the fast and sustainable development of Vietnam's rubber industry, fostering its integration into the global economy.
History of Establishment
Vietnam Rubber Group was established by Decision No. 248/2006/QĐ-TTg dated October 30, 2006, by the Prime Minister, approving the pilot project to form the Vietnam Rubber Group. It was followed by Decision No. 249/2006/QĐ-TTg on the same date, officially founding the parent company, Vietnam Rubber Group.
On March 30, 2011, the Prime Minister issued Decision No. 469/QĐ-TTg, which enacted the organizational and operational charter of the Vietnam Rubber Group.
On January 5, 2013, the Prime Minister issued Decision No. 38/QĐ-TTg, approving the restructuring plan for the Vietnam Rubber Group for the 2012-2015 period.
Business Sectors
- Rubber Industry:
- Planting, caring, harvesting, and processing rubber latex.
- Manufacturing and trading rubber products, industrial materials, and rubber-related supplies.
- Forest planting and production, trading raw materials (rubber latex) and finished wood products.
- Electricity Industry:
- Investing in the construction, operation, and management of hydroelectric and thermal power plants.
- Selling electricity to business and consumer households as per legal regulations.
- Agriculture
- Livestock breeding, cultivating industrial crops, and processing agricultural products.
- Mechanical Engineering and Construction:
- Casting and rolling steel; repairing, assembling, and manufacturing mechanical products and other industrial equipment.
- Manufacturing and trading construction materials.
- Real estate business (only for approved projects and not engaging in brokerage, appraisal, or real estate trading services).
- Other Services:
- Managing and operating seaports. Road and inland waterway freight transport services. Cargo handling services. Freight forwarding services. Commercial inspection services.
- Hotel and restaurant business. Domestic and international travel services.
- Surveying and mapping. Investment consultancy (excluding legal, financial, and accounting consultancy).
- Exploiting and supplying clean water. Wastewater treatment.
- Science and technology consulting in IT.
- Other businesses as per legal regulations.
Organizational Structure
The parent company, Vietnam Rubber Group, is a state-owned enterprise. It is allocated land by the state to manage and allocate rubber production areas to its subsidiaries. The group functions as a financial investor in other enterprises and maintains control over its subsidiaries through land, capital, technology, brand, and market management. It also directly engages in business and ensures the execution of state-assigned tasks as per legal regulations.
The subsidiaries fully owned by the parent company, Vietnam Rubber Group, include:
- Dong Nai Rubber Corporation.
- Industrial Rubber Corporation.
- Vietnam-Lao Rubber Corporation.
Subsidiaries wholly owned by the parent company – Vietnam Rubber Group
- Dau Tieng Rubber Company.
- Vietnam Rubber Finance One Member Limited Liability Company.
The parent company holds more than 50% of the charter capital in various companies, including:
- Hoa Binh Rubber Joint Stock Company.
- Ba Ria Rubber Company.
- Phuoc Hoa Rubber Company.
- Binh Long Rubber Company.
- Loc Ninh Rubber Company.
- Dong Phu Rubber Company.
- Phu Rieng Rubber Company, and others.
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