Rubber group aims for higher profit in 2024
Although 2024 is forecast to be a challenging year for the rubber sector, posed by unfavourable weather conditions and unpredictable market development, the Vietnam Rubber Group Joint Stock Company is still eying over 167 million USD in pre-tax profit, up 2% year-on-year.
Timber and latex productivity is estimated to rise by 1% to 89% from 2023, while the production of the rubber supporting industry goods such as gloves, conveyor systems, sport balls, latex mattresses and pillows are expected to increase 6%.
It has set the targets of producing 445,000 tonnes of latex, purchasing over 75,000 tonnes of latex material, and selling more than 520,000 tonnes of latex.
The group has unveiled its Green Growth and Sustainable Development Strategy for 2023–2030 with a vision to 2050 that encompasses three goals of economic development, environmental protection, and social responsibility.
The strategy targets a minimum 15% reduction in greenhouse gas emissions from energy use by 2030 and 30% by 2050./.
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