VRG sets a revenue target of nearly VND 27,000 billion

In 2020, VRG has consolidated revenue and profit before tax of VND 25,874 billion and VND 5,911 billion respectively (reaching 104.98% and 119.15% of the plan).

At the 2021 Annual General Meeting of Shareholders on June 25, Vietnam Rubber Group (VRG) approved many strategic development goals, including a revenue target of nearly VND 27,000 billion in year 2021.

Achieve and exceed production and business plan targets

According to VRG, 2020 is a successful year for the group. In difficult conditions due to the impact of the epidemic, there were many complicated developments, natural disasters, storms and floods, the trade war between major countries continued to prolong and unpredictable changes… had a negative impact on business activities. production and business activities of the enterprise, but the group has excellently achieved and exceeded the production and business plan targets agreed by the Committee for Management of State Capital at Enterprises and assigned by the Annual General Meeting of Shareholders 2020 .
The completion of the Group’s 2020 plan is of great significance, as this is the last year of the implementation of the medium-term plan for the period of 2015 – 2020; is an important premise for the successful implementation of the plan for the period 2021 – 2025; is a practical result to celebrate the Party Congress at all levels and the 13th Party Congress.

In 2020, VRG has consolidated revenue and profit before tax of VND 25,874 billion and VND 5,911 billion respectively (reaching 104.98% and 119.15% of the plan). Regarding the business results of the parent company – the group, revenue and profit reached VND 4,382 billion and VND 2,963 billion (corresponding to 115.26 % and 115.08 % of the plan); The enterprise’s capital is preserved and developed, meeting the investment needs and contributing capital according to the approved projects.

 

Clearly define strategic goals

In order to achieve the target of the production and business plan in 2021, VRG’s Board of Management will continue to focus on performing well the tasks assigned by the General Meeting of Shareholders and the Board of Directors, including revenue and profit targets. Consolidated before tax is 26,914 billion VND and 5,721 billion VND.
In addition to the contents that have been implemented and are being carried out with high efficiency as achieved in 2020, VRG has determined to focus on well implementing strategic goals: completing the volume of rubber latex extraction, processing and processing. processing, consumption… to ensure revenue; continue to persistently implement the policy of reducing investment, investing only in really urgent items; concentrate resources for investment and development of industrial park projects on converted rubber land according to planning approved by competent authorities; carry out the restructuring of member units, group restructuring as the project has been decided by the Prime Minister…

The achievements of 2020 in the difficult conditions as mentioned above are really great efforts, the responsibility community of the Board of Directors, the Board of Management and the entire group of employees. Promoting that tradition, in 2021, VRG’s Board of Management said that it will seriously perform the tasks assigned by the General Meeting of Shareholders and the Board of Directors on the basis of promoting the inherent advantages of the group, along with the common the collective consensus of VRG employees, believing that the corporation will overcome difficulties, gain many victories and be successful.

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