On March 4, 2025, the Vietnam Rubber Industry Group (GVR) received a decision from the Prime Minister regarding the investment in Minh Hung III Industrial Park in Binh Phuoc, spanning 483.4ha with a total investment of 2.282 billion VND. The investor is Binh Long Rubber Park JSC, with GVR holding 57.09% of the shares. The investment timeline extends to July 14, 2058. Additionally, GVR has been approved for two other projects: Bac Dong Phu Industrial Park with an area of 317ha and an investment of 1.36 trillion VND, and the expanded Rach Bap project covering 360ha with an investment of 1.035 trillion VND. GVR currently manages 16 industrial parks covering over 6,500 ha, with an occupancy rate of 73%. The group is also converting nearly 23,500ha of rubber land into industrial land in several provinces, with approximately 11,000ha currently being developed.
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