Economy

Vietnam’s rubber export rise sharply

The 2017 Rubber Conference of the Association of Natural Rubber Producing Countries (ANRPC) was held in Ho Chi Minh City yesterday.

Vietnam’s rubber export rise sharply

Vietnam’s rubber export rise sharply

The conference attracts 12 ANRPC member countries including Bangladesh, Cambodia, China, India, Indonesia, Sri Lanka, Malaysia, Papua New Guinea, the Philippines, Singapore, Vietnam and Thailand.

Currently, Vietnam is ranked the third position about rubber export output and rubber area with total 976,000 hectares. 

At the conference, the member countries discussed on measures for the rubber industry’s stable and sustainable development in the context of the recent fall in natural rubber prices. 

According to Vietnam Rubber Industry Group, around of 18 percentage of rubber latex exploitation output is processed with value increase of 3-5 times, which was estimated to reach 33.8 percent of total rubber export turnover.

In addition, output of rubber tree wood was used for rubber wood processing contributed 22.1 percent of total export wood processing and 31.7 percent of total rubber export turnover.

In the first nine months, Vietnam exported more than 955,600 tons of rubber with total value of US$ 1.6 billion, increased 10.6 percent of volume and 49.2 percent of value.

Prices for rubber latex next year is predicted to be maintained as this year.


BY CONG PHIEN- Translated by Huyen Huong

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