Da Nang considers Vietnam Rubber Group’s investment proposal worth VND 31.7 trillion

During their meeting on Thursday morning with Chairman of the Da Nang People's Committee Pham Duc An, VRG leaders informed that the group is currently investing in many fields such as rubber cultivation and processing, wood product manufacturing, industrial park development on converted rubber land, high-tech agriculture, and renewable energy production.

In Da Nang, VRG operates three member units, including two rubber companies and one hydropower company, which all contribute significantly to the city’s economic growth, job creation, and social welfare programs.

VRG asked for permission from the municipal government to survey and add new industrial zones covering roughly 900 hectares with an investment of VND 6 trillion to the city’s master plan.

It also sought approval to develop a high-tech agricultural project on land funds in line with Da Nang's development orientation.

At the same time, it proposed to invest in the Song Con Reservoir Solar Power Plant (capacity of 30MW, capital of VND 480 billion), the Hoa Bac Hydropower Plant (capacity of 41MW, capital of VND 1.341 trillion), and the Da Nang Pumped Storage Hydropower Plant at Phase 1 on an area of ​​787ha (capacity of 595MW, capital of VND 11.9 trillion).

VRG also expressed interest in exploring 120 MW solar and 500 MW wind power projects totaling VND 12 trillion.

The group was committed to mobilizing necessary resources to successfully implement the aforementioned projects, contributing to the city’s sustainable socio-economic development in the coming time.

Concluding the working session, Chairman Pham Duc An highly appreciated VRG’s proposals, noting their alignment with the city’s vision of developing a green and sustainable energy industry.

He voiced his hope that the VRG will continue to partner with the city and make more practical contributions to its future development.