Vietnam Rubber Group

What Vietnam Rubber Group does

Vietnam Rubber Group (VRG) is Vietnam's largest state-owned natural rubber producer, headquartered in Ho Chi Minh City and listed on the Ho Chi Minh Stock Exchange under ticker GVR. The company operates a vertically integrated value chain spanning cultivation, processing, and export of natural rubber products including Ribbed Smoked Sheet (RSS), Technically Specified Rubber (TSR), Standardized Vietnamese Rubber (SVR), and GRC. VRG manages approximately 1.3 million tons of annual production capacity across plantations in Vietnam, Laos, and Cambodia, exporting to over 80 countries through its network of more than 20 subsidiary companies. The company has 54,500 hectares of plantations certified under FSC, PEFC, and VFCS sustainable forest management standards and has implemented EU Deforestation Regulation (EUDR) compliance systems for European market access.

Beyond core rubber, VRG has diversified into rubber wood products (via the VRG Dongwha MDF joint venture with Dongwha Korea) and industrial park development on converted plantation land, with parks in Tây Ninh, Gia Lai, Bình Phước, and Bình Dương provinces. The company generates revenue through commodity sales, industrial park leasing, wood product sales, and agricultural processing services, with a 2025 revenue target of 27,494 billion VND (approximately $1.1B USD) representing 4.5% growth over 2024. Customer segments include global tire manufacturers, automotive parts producers, industrial rubber product makers, and industrial park tenants. Notable 2024 partnerships include comprehensive cooperation agreements with AgriBank (financing) and VNPT (digital transformation), alongside strategic engagements with Sailun Group, CJ Logistics, SP Energy, and Sonadezi Corporation that signal diversification into logistics, renewable energy, and social housing development.

Name

Vietnam Rubber Group

Legal name

Tập đoàn Công nghiệp Cao su Việt Nam

Website

https://vnrubbergroup.com

Company type

Public

Founded year

1929

Operating status

Operating

Headcount range

251–500 employees

Short description

Vietnam Rubber Group is Vietnam's largest state-owned natural rubber producer, operating plantations and processing across Vietnam, Laos, and Cambodia, exporting to 80+ countries while diversifying into industrial parks and rubber wood products.

Ownership category

akta.pro rank

Product category

Natural Rubber Manufacturing

NAICS

Rubber Product Manufacturing for Mechanical Use (326291), Other Rubber Product Manufacturing (32629), Rubber Product Manufacturing (3262)

SIC

Fabricated Rubber Products, Nec (3060), Lumber & Wood Products (No Furniture) (2400)

akta.pro primary industry

General-Purpose Rubber Compounds (NR/SBR/BR/EPDM) (IMANAJAA)

akta.pro secondary industries

Natural Rubber & Latex Crop Farming (Hevea, Guayule) (AFAGAGAH), Latex, Rubber & Plant Exudates Tapping (Non-Timber) (AFAMAFAC)

Keywords

• Natural rubber production
• Rubber plantation management
• Rubber wood processing
• Industrial park development
• Sustainable forestry certification

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Rubber Product Sales: VRG generates primary revenue through the cultivation, harvesting, and sale of natural rubber products including ribbed smoked sheets (RSS), technically specified rubber (TSR), and standardized Vietnamese rubber (SVR). The group exports to over 80 countries globally.
2. Rubber Wood Products: Processing and sale of rubber wood products including MDF boards and other wood-based products from rubber tree timber.
3. Industrial Park Leasing: Development and lease of industrial park infrastructure including factory lots, warehouses, and supporting facilities at locations such as KCN Hiệp Thạnh (Tây Ninh), KCN Nam Pleiku, KCN Bắc Đông Phú, and other industrial zones.
4. Agricultural Processing Services: Processing services for rubber and agricultural products with modern technology and quality control systems.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Vietnam Rubber Group cultivates, processes, and exports natural rubber products including Ribbed Smoked Sheet (RSS), Technically Specified Rubber (TSR), Standardized Vietnamese Rubber (SVR), and GRC. The group also produces rubber wood products (including MDF boards) and develops industrial parks on former rubber plantation land for manufacturing tenants. Integrated operations span Vietnam, Laos, and Cambodia, with exports to over 80 countries.

Product overview

Vietnam Rubber Group (VRG) operates as a diversified industrial conglomerate with rubber cultivation and processing as its core business. The company offers a portfolio of natural rubber products including Ribbed Smoked Sheet (RSS), Technically Specified Rubber (TSR), Standardized Vietnamese Rubber (SVR), and GRC. Beyond raw rubber, VRG has expanded into rubber wood processing and industrial park development on converted plantation land. The product architecture consists of a unified rubber production platform covering the full value chain from cultivation through processing, complemented by industrial real estate and wood processing business units. The company exports rubber products to over 80 countries globally and maintains significant operations in Laos and Cambodia alongside its Vietnam base.

Differentiator

Problem solved

Functional benefit

Brands

• Câu lạc bộ 2 tấn: Club of high-yielding rubber plantations achieving 2 tons per hectare, recognizing excellence in rubber production

Products and services

• Ribbed Smoked Sheet (RSS) Standard smoked rubber sheet product manufactured to international quality specifications for export and industrial applications.
• Technically Specified Rubber (TSR) Technically classified natural rubber product meeting global technical standards for automotive, industrial, and manufacturing sectors.
• Standardized Vietnamese Rubber (SVR) Nationally standardized rubber product meeting Vietnam's quality specifications for domestic and export markets.
• GRC (Guayule Rubber Concentrate) Rubber concentrate product from guayule plant source for specialized industrial applications.
• Rubber Wood Products Processed wood products derived from rubber trees after latex production cycle, including MDF boards and other wood-based products for furniture manufacturers and wood processors.
• Industrial Parks Development and management of industrial zones on former rubber plantation land, providing factory lots, warehouses, and supporting infrastructure facilities for manufacturing tenants across multiple locations including KCN Hiệp Thành, KCN Nam Pleiku, and KCN Bắc Đồng Phú.
• Industrial Products Manufacturing and processing operations for rubber-based industrial products beyond raw rubber materials, produced through subsidiaries including Công ty CP Cơ khí Cao su (rubber machinery manufacturing).

Quantifiable outcome

• 54,500 hectares of rubber plantations certified under sustainable forest management standards (VFCS)
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Lao GovernmentcoreOthers · 1 January 2025Vietnamese Prime Minister Pham Minh Chinh and Lao Prime Minister Sonexay Siphandone co-chaired Vietnam-Laos investment promotion conference. VRG actively invests in Laos with infrastructure projects and bilateral economic cooperation.
• Amata Group (Thailand)minorStrategic or Co-development Partner · 19 December 2024VRG visited and studied Amata Group's green industrial park development model in Thailand as a benchmark for VRG's own industrial park development strategy.
• Dongwha Group (Korea)minorStrategic or Co-development Partner · 1 January 2024VRG and Dongwha Group Korea signed cooperation agreements to enhance partnerships in the rubber industry.
• AgriBank (Vietnam)coreStrategic or Co-development Partner · 1 January 2024VRG and AgriBank signed a comprehensive cooperation agreement to expand resources for sustainable development, including financing for agricultural and rubber operations.
• VNPT (Vietnam)coreTechnology or Integration · 1 January 2024VRG and VNPT signed comprehensive digital transformation cooperation agreement to strengthen IT systems and digital operations across VRG.
• Sailun GroupminorStrategic or Co-development Partner · 1 January 2024VRG leadership met with Sailun Group to expand cooperation in the rubber value chain, exploring opportunities for enhanced collaboration.
• CJ Logistics (Korea)minorStrategic or Co-development Partner · 1 January 2024VRG met with CJ Logistics Korea to discuss cooperation in logistics development opportunities.
• SP Energy (Vietnam)minorStrategic or Co-development Partner · 1 January 2024VRG met with Singapore's CPDI and SP Energy Vietnam regarding cooperation in renewable energy development.
• FSC (Forest Stewardship Council)coreStrategic or Co-development Partner · 1 January 2024VRG maintains ongoing relationship with FSC for sustainable forest management certification. VRG has committed to FSC roadmap and continues activities toward reconnection with FSC.
• PEFC (Programme for the Endorsement of Forest Certification)coreStrategic or Co-development Partner · 1 January 2024VRG maintains PEFC forest certification for sustainable rubber forest management. Multiple VRG member companies have achieved PEFC chain of custody certification.
• Sonadezi CorporationminorStrategic or Co-development Partner · 1 January 2024VRG and Sonadezi signed cooperation agreement on green economy and social housing development in Bình Thuận province.
• WWF, VRA, VRG PartnershipcoreStrategic or Co-development Partner · 1 January 2024Joint publication of 'Handbook on Community Connection in Sustainable Rubber Forest Management' developed collaboratively by WWF, Vietnam Rubber Association, and VRG.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Thai Hua Rubber: Thailand-based natural rubber producer and exporter with substantial Hevea plantations. Comparable to VRG as a vertically integrated natural rubber company serving tire and industrial rubber markets globally.
• Halcyon Agri Corporation: Singapore-headquartered natural rubber processor and distributor with global operations. Comparable to VRG as a major natural rubber company focused on processing, trading, and supplying tire manufacturers across emerging markets.
• Southland Rubber: Thai natural rubber company with plantation and processing operations. Comparable to VRG in producing RSS, TSR, and other standardized rubber grades for global export markets.
• Sinochem International: Chinese state-owned chemical and natural rubber trading and processing company. Closely comparable to VRG as a state-owned enterprise with vertically integrated rubber operations, although primarily serving the Chinese market.
• Von Bundit: Thai natural rubber producer with integrated plantation and processing operations. Directly comparable to VRG in natural rubber cultivation, latex production, and TSR/RSS processing for global tire and industrial rubber customers.
• Sri Trang Agro-Industry: Thailand-based global leader in natural rubber production and processing. Directly comparable to VRG as a major Asian natural rubber producer with integrated upstream plantation and downstream processing operations supplying global tire manufacturers.

Broad incumbents

• Bridgestone Corporation: Japanese global tire manufacturer with its own natural rubber plantations. Comparable to VRG as a major participant in the natural rubber value chain, though primarily a tire company that also cultivates rubber.
• Sime Darby Plantation: Malaysian multinational plantation company with rubber and palm oil operations. Comparable to VRG as a major Southeast Asian plantation owner with natural rubber as one of multiple commodity streams.
• Michelin: French global tire manufacturer with substantial natural rubber sourcing and plantation operations. Comparable to VRG as a major natural rubber industry participant, though primarily a downstream tire company rather than a pure upstream producer.
• Felda Global Ventures: Malaysian plantation company producing palm oil and natural rubber. Comparable to VRG in operating large-scale Southeast Asian agricultural plantations including natural rubber for industrial customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/vietnam-rubber-group

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vietnam Rubber Group