AsemconnectVietnam - On the morning of June 17, Vietnam Rubber Industry Group (code GVR) held the 2025 General Meeting of Shareholders, approving the target of total consolidated revenue reaching VND31,044 billion, an increase of 8% compared to last year and consolidated pre-tax profit reaching VND5,840 billion, an increase of more than 4%.

GVR's Board of Directors informed that the Group is estimated to achieve more than VND11,500 billion in revenue and VND2,500 billion in pre-tax profit in the first 6 months of the year.
Assessing the market situation and rubber price trends this year, Mr. Tran Thanh Phung, Deputy General Director of GVR, shared that the difficulties related to the rubber market will be tax policies, China's reduction in tire prices, high transportation costs and the impact of US tariffs.
In particular, the issue that shareholders and the market are most concerned about is the impact of US tariff policies. Previously, in early 2025, GVR predicted that this would be the beginning of a new growth cycle for the rubber industry, when supply and demand gradually rebalanced and the market showed signs of recovery.
However, by April 2025, new adjustments in US tariff policies had created certain impacts. The Group's Board of Directors assessed this impact on two aspects: direct and indirect.
From a direct perspective, the amount of rubber exported from Vietnam in general and GVR in particular to the US only accounts for about 8%, so the impact is not large. However, the indirect impact is more noteworthy, when the global supply chain is affected by tariffs imposed on many countries. As a result, products using rubber materials are affected, which in turn affects raw material prices and market sentiment.
From the overall assessment, GVR's leadership believes that the US tax policy has an impact, but it needs to be placed in correlation with other favorable factors. One of the positive factors is the change in the global supply-demand balance. According to data from international rubber organizations, in 2025, the market supply is expected to be short of about 800,000 tons of rubber. From 2026 onwards, the shortage will increase to more than 1 million tons/year, with a shortage of nearly 2 million tons in 2028 alone.
“The Group forecasts that the average rubber price in 2025 will not be lower than in 2024. Specifically, if the average price in 2024 is at VND43 million/ton, then in 2025 it is expected to fluctuate around VND46-47 million/ton,” said Mr. Phung, adding that in the first 6 months of the year, GVR recorded an average selling price of nearly VND52 million/ton. Currently, the selling price fluctuates around VND50 million/ton. From now until the end of the year, the price may be slightly adjusted due to seasonal factors, but the fundamental factors have not changed. Therefore, even if the price drops by another VND4-5 million/ton, the average for the whole year will still be higher than that of 2024.
Sharing about the development orientation for 2026-2030 to achieve a double-digit growth rate, Mr. Le Thanh Hung, General Director of GVR, said that the Group has developed new strategic orientations, because the domestic rubber land fund no longer has room for expansion.
“Some localities are planning to reclaim rubber land to serve national projects, infrastructure development projects, social security or economic investment due to the low efficiency of rubber land use. Therefore, expanding domestic production is considered unfeasible, and the area even tends to decrease gradually,” Mr. Hung commented.
Faced with this situation, GVR continues to proactively expand investment abroad. Specifically, in Laos, the Group plans to develop about 30,000 hectares of rubber. Currently, GVR is hiring a consulting unit to conduct a survey, the specific results will be reported later.
In Cambodia, GVR continues to expand 40,000 hectares of rubber. Initial surveys show high feasibility. Thus, the total rubber area expected to expand in the two countries is up to 70,000 hectares, to ensure stable output at 500,000 - 600,000 tons/year in the coming period.
In the field of renewable energy, GVR currently owns a capacity of 134 MW and is aiming to plan more than 2,400 MW in the period of 2026 - 2030, with a total investment of more than VND33,200 billion. According to the strategic orientation, GVR will cooperate with partners PVN and EVN to implement many large-scale projects, including about 1,180 MW of solar power in four localities: Binh Duong, Binh Phuoc, Quang Nam and Phu Yen; a pumped storage hydropower project in Da Nang with a capacity of 1,200 MW and a 41 MW hydropower project also in this area.
Regarding the implementation of the Group's industrial park development strategy, Mr. Do Huu Phuoc, Deputy General Director of GVR, said that in 2024 and 2025, the Group will be approved by the Prime Minister for 4 industrial parks.
At Hiep Thanh Industrial Park with a scale of 495.7 hectares in Tay Ninh province, the province has approved the general planning of this industrial park and the Group is implementing parallel procedures such as: feasibility study report, land measurement and statistics. GVR orients this industrial park to be green, clean, new generation and use renewable energy and economic circulation.
With the expanded Rach Bap Industrial Park in Binh Duong province with a scale of 360 hectares, a member unit of the Group is accelerating, preparing to enter the stage of land recovery and clearance to be able to implement the next project investment.
Third is Bac Dong Phu Industrial Park with a scale of 317 hectares in Tan Lap district, Binh Phuoc province. On August 19, Binh Phuoc province selected this as one of the 7 projects to break ground, so all the standard contents GVR asked the province to support as well as assign the task to Bac Dong Phu Industrial Park Joint Stock Company to carry out the next steps.
Finally, Minh Hung 3 Industrial Park with a scale of 483.7 hectares in Chon Thanh district, Binh Phuoc province. Currently, this Industrial Park is carrying out land procedures as well as investment policy procedures to be able to implement investment in 2026.
"The Group will review and continue to register areas that have been approved for planning but have not yet prepared investment policy documents. The total area that the Group and units have registered for investment policy in the coming period is approximately 7,000 hectares", Mr. Phuoc shared.
In addition, regarding the profit distribution plan, the Group plans to pay dividends in 2025 at 4% of charter capital, equivalent to spending about VND1,600 billion to pay dividends to shareholders.
At the end of the meeting, all proposals were approved.
N.Nga
Source: VITIC/Tinnhanhchungkhoan