4:10 PM, 09/05/2012
Vietnam Rubber Group eyes 15% growth rate
VGP – The Vietnam Rubber Group (VRG) is striving for 15% growth rate per year, according to the group’s new production plan for the 2011-2015 period.
Under the newly-approved plan by Prime Minister Nguyen Tan Dung, the VRG will become a dynamic agricultural economic group and play an important role in realizing agricultural and rural development.
The group targets to raise pre-tax revenue to 22%; budget contribution to around VND 3,5 trillion and create 200,000 jobs.
The VRG will invest in intensive farming by expanding cultivation area to around 500,000 hectares.
By 2015, the total output is expected to surpass 400.000 tons of rubber.
By Kim Anh
